US Treasury and IRS finalize crypto broker tax reporting rules

[ad_1] The US Treasury and IRS released final regulations defining the new reporting requirements for digital asset brokers on June 28. Crypto brokers, including exchanges, will need to report gross proceeds for... Read more »

Nigerian Regulator Amends VASPs Rules; Threatens Enforcement Against Noncompliant Entities

[ad_1] The Nigerian securities regulator said on June 21 that it had amended the digital asset rules to expand their scope and introduced an accelerated process for onboarding virtual asset service providers.... Read more »

Senate Urged to Pass Landmark Crypto Bill After Biden Vetoes Resolution to Overturn SEC Rules

[ad_1] Following President Joe Biden’s veto of the resolution to overturn the U.S. Securities and Exchange Commission (SEC)’s controversial crypto rules in SAB 121, U.S. lawmakers in both the Senate and House... Read more »

Deadline Looms for Biden to Veto Congressional Overturn of SEC’s Crypto Rules

[ad_1] The deadline for President Joe Biden to decide whether to veto or sign a resolution overturning the U.S. Securities and Exchange Commission (SEC)’s controversial crypto rules is approaching. The resolution passed... Read more »

Kraken considers delisting USDT in Europe due to MiCA rules

[ad_1] Kraken could drop EU support for Tether’s USDT stablecoin, Bloomberg reported on May 17. Kraken Global Head of Regulatory Strategy Marcus Hughes said the company is planning for circumstances in which... Read more »

Senate Urged to Swiftly Overturn SEC’s ‘Misguided’ Crypto Rules

[ad_1] Following the U.S. House of Representatives passing a resolution to overturn the SEC’s Staff Accounting Bulletin 121 (SAB 121), Senator Cynthia Lummis has urged the Senate to do the same. The... Read more »

House Approves Resolution to Overturn SEC’s Crypto Rules — Biden Threatens to Veto

[ad_1] The U.S. House of Representatives has passed H.J. Res. 109, a resolution aimed at overturning the Securities and Exchange Commission’s SAB 121 regulations on digital assets. The resolution seeks to reduce... Read more »

Biden administration to veto overturning of controversial SEC crypto rules

[ad_1] The Biden administration said on May 8 that it would veto H.J. Res. 109, which intends to overturn the SEC’s Staff Accounting Bulletin 121 (SAB 121). The administration said it “strongly... Read more »

Singapore Imposes New Rules for Digital Payment Token Services

[ad_1] Singapore’s central bank, the Monetary Authority of Singapore (MAS), has announced amendments to the Payment Services Act to impose additional requirements on digital payment token service providers and broaden the scope... Read more »