US

New Bill in Oklahoma Proposes Depository for Cryptocurrencies Used by Government

</header> <strong>A bill has been introduced in the U.S. state of Oklahoma to establish a new type of state-chartered financial institution that will be “the central depository for virtual currency used by governmental agencies in this state.” The new establishment aims to provide financial and technical services to crypto innovators and developers.</strong> Also read: Regulatory …

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US and European Regulators Say Crypto a Priority This Year

</header> <strong>Several regulators in the U.S. and Europe have made cryptocurrency among their top priorities this year. The Securities and Exchange Commission’s compliance office and the European Securities and Markets Authority, in collaboration with other regulators, have outlined their plans to focus on crypto oversight. Further, China’s central bank has made digital currency a priority.</strong> …

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Korean Presidential Committee Pushes to Make Cryptocurrency Mainstream

</header> <strong>A South Korean committee directly under the president has recommended several measures to the government that will make cryptocurrency mainstream. Emphasizing that “it is no longer possible to stop crypto asset trade,” the committee recommends </strong><strong>integrating crypto into the country’s financial system, allowing financial institutions to directly offer a range of crypto products, including …

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Lawmakers Want Answers From IRS, Citing Major Issues With Crypto Tax Guidance

</header> <strong>Eight lawmakers have sent a letter to the IRS seeking answers to new questions stemming from the latest crypto tax guidance. They pointed out a number of major issues including unwarranted tax liabilities for crypto users who unwillingly receive forked or airdropped coins.</strong> Also read: Regulatory Roundup: Crypto ‘Inevitable’ in India, China Rankings, NY …

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Fidelity Launching Crypto Services in Europe, Citing ‘Significant Interest’

</header> <strong>Fidelity Investments is expanding its crypto services to European clients after seeing increasing potential in this market. The expansion builds upon the company’s U.S. crypto business. “We’ve seen significant interest and engagement by the institutional community, which show no signs of slowing,” the company revealed.</strong> Also read: Regulatory Roundup – Crypto ‘Inevitable’ in India, …

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Mercedes delays the US launch of its all-electric SUV until 2021

Sponsored Links Mercedes’ EQC all-electric SUV was initially scheduled to arrive in the US in early 2020. If you were hoping to buy the vehicle stateside, you’ll have to wait a little longer. Mercedes has rescheduled the launch date to 2021. The EQC arrived in Europe earlier this year, and apparently it “generated high interest,” …

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Regulatory Roundup: Bitcoin Futures Fund Approved, India’s RBI-Backed Digital Currency

</header> <strong>In this regulatory roundup, we cover the U.S. SEC approving a bitcoin futures fund, the new IRS tax form targeting crypto owners, and several more steps taken by the U.S. government toward crypto regulation. We also cover India’s central bank digital currency plan, South Korea’s crypto taxation plan, and the European Commission’s announcement regarding …

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Pension Funds Double Crypto Asset Exposure in Morgan Creek’s Fund to 1%

Morgan Creek Digital now takes up around 1 percent of the assets of two Fairfax Retirement System pension funds – an investment which has more than doubled since taking their first position in the fund that closed in February. Two of the three pension funds under the system from Fairfax County, Virginia, the Police Officer’s …

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As Crypto Exchanges Exit the US, Which Trading Platforms Will Enter the Breach?

<header class=”article__header”> </header> <strong>The U.S. remains a challenging environment for centralized cryptocurrency exchanges, with major players significantly scaling back their operations and others heading for the door. The most recent casualty of America’s stringent regulatory climate is one time market-leader Poloniex, which has “spun out” from parent company Circle, spinning out of the U.S. market …

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Where US Regulators Stand on Crypto Assets

<header class=”article__header”> </header> <strong>The U.S. has many regulators responsible for overseeing different aspects of crypto assets, each with its own stance on how they should be regulated. Major regulators in the U.S. with strong opinions on cryptocurrency include the SEC, the CFTC, the Federal Reserve, Fincen, and the IRS.</strong> Also read: Tax Guide: What Crypto …

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