Bitcoin Regulation

Blockfolio and TokenTax Join Forces to Make Taxes Easier

The deadline for filing 2019 taxes in the United States is quickly approaching. Even for those declaring traditional income, the process can be lengthy to say the least. One of the biggest challenges for crypto holders in the US and beyond is how to declare their crypto assets and not run afoul of the IRS. …

Blockfolio and TokenTax Join Forces to Make Taxes Easier Read More »

Europe’s First Crypto License Issuer Warns of New Unregistered Crypto Firm

Major European financial regulator, Luxembourg’s Commission de Surveillance du Secteur Financier (CSSF), has spotted another unregistered crypto company. The firm, Crypto Bull, operating under the url crypto-bull.io, claims to be based in Luxembourg while it does not have permission to provide crypto services in the country, the CSSF announced on Jan. 31. The warning notice …

Europe’s First Crypto License Issuer Warns of New Unregistered Crypto Firm Read More »

UK High Court Orders Freeze on $1M of Bitcoin in Ransomware Case

A United Kingdom High Court ordered a proprietary injunction on Bitcoin (BTC) obtained through a ransomware attack on a Canadian insurance company. A proprietary injunction is an order which prevents a person from dealing with their own assets when it is subject of a proprietary claim. On Jan. 17, the UK High Court released documents …

UK High Court Orders Freeze on $1M of Bitcoin in Ransomware Case Read More »

Crypto Fights for Freedom in India’s Supreme Court, Critics Cite Risk

Following the session that took place last August, a three-judge panel from India’s Supreme Court reconvened once again this week to discuss the much-hyped Crypto v. RBI case. During the last hearing, the Supreme Court had asked the Reserve Bank of India (RBI) to clarify its position as to why exactly it enforced a nationwide …

Crypto Fights for Freedom in India’s Supreme Court, Critics Cite Risk Read More »

SEC’s CryptoMom Wants US to Learn From Chinese Digital Innovation

The United States could learn from China’s innovations in digital currency, says Securities and Exchange commissioner Hester Peirce.  Fielding questions via webcam at this week’s Crypto Finance Conference in Switzerland, the public sector leader known as CryptoMom, called for the U.S. to:  “Learn from what other countries are doing and take the best of what …

SEC’s CryptoMom Wants US to Learn From Chinese Digital Innovation Read More »

Binance CEO Says Compliance Is Key for New Strategic Partnership in Japan

Binance, one of the top cryptocurrency exchanges globally, has started discussions regarding a  strategic partnership with two Japanese firms. According to a press release on Jan. 17, Binance has begun negotiations with Z Corporation, a subsidiary of Z Holdings formerly known as Yahoo Japan and TaoTao, a Japanese licensed cryptocurrency exchange.  The exact details of …

Binance CEO Says Compliance Is Key for New Strategic Partnership in Japan Read More »

Coinbase-Backed Crypto Ratings Council Adds eToro, OKCoin

The Coinbase-backed Crypto Ratings Council (CRC), a group of major United States’ cryptocurrency firms seeking regulatory clarity, has welcomed new members. Established in late 2019, the CRC has expanded to include members like trading platform eToro, crypto exchange OKCoin and Radar, the startup behind decentralized exchange Radar Relay. Coinbase announced the news in a press …

Coinbase-Backed Crypto Ratings Council Adds eToro, OKCoin Read More »

Russia’s New Prime Minister Sets Course for Digital Economy

The Prime Minister of the Russian Federation has called on the country to prioritize the development of the digital economy. As domestic news outlet RIA Novosti reported on Jan. 16, Mikhail Mishustin — who was confirmed in the position as the Prime Minister earlier today — noted some key priorities for his work and outlined …

Russia’s New Prime Minister Sets Course for Digital Economy Read More »

Crypto Tax Reporting Failures Can Be Expensive, Even Criminal

The Internal Revenue Service is aware that millions of cryptocurrency transactions may still remain unreported. Taxpayers may think they will not be caught, and many Coinbase users may have thought their information would be protected until the John Doe summons proved otherwise. The best way to avoid penalties is to disclose and report as accurately …

Crypto Tax Reporting Failures Can Be Expensive, Even Criminal Read More »

SEC on ‘Unfounded Fishing Expedition’ — Telegram Lawyers Tell Judge

Lawyers representing encrypted messaging app Telegram have requested a United States court throw out regulator demands for its bank accounts. In a letter to Judge P. Kevin Castel at the Daniel Patrick Moynihan United States Courthouse in New York on Jan. 3, Skadden, Arps, Slate, Meagher & Flom LLP described the request from the Securities …

SEC on ‘Unfounded Fishing Expedition’ — Telegram Lawyers Tell Judge Read More »