Regulation

Coinbase’s vice presidents for international business and international policy are clearly dissatisfied with the regulatory situation in the United States. Coinbase is strategically expanding its cryptocurrency exchange services globally, with a particular emphasis on markets with clear regulatory frameworks. In its short-term expansion strategy, Coinbase is prioritizing countries outside the United States based on their well-defined cryptocurrency regulations. Notable countries in this...

Chris Larsen, the chair and co-founder of Ripple Labs, has asserted that the United States legal system aims to rectify the missteps in crypto policy made by the Biden administration. He highlighted his company’s partial victory against the Securities and Exchange Commission in July, emphasizing that the regulator faltered on critical aspects pivotal to industry regulation. Larsen Slams Gensler on the Lack of Crypto Regulatory Clarity The Ripple co-founder recently expressed...

The United States Government Accountability Office (GAO) warns that “limits on third party information reporting to the IRS is an important factor contributing to the tax gap, which is the difference between taxes legally owed and taxes actually paid”.  The United States  Department of the Treasury and the Internal Revenue Service (IRS) have jointly released a proposed set of cryptocurrency regulations requiring brokers to report gains and losses incurred during the sale of cryptocurrency...

Ripple announced on Monday that it has added four new European institutions to its University Blockchain and Research Initiative (UBRI). The partner universities will help promote blockchain research and education across the region. According to Ripple’s announcement, the new universities include Trinity College Dublin (Ireland), EPITA (France), IE Madrid (Spain), and the University of Trento (Italy). This brings Ripple’s total European partners up to 14. IE Madrid plans to...

Under India’s Group of 20 (G20) presidency, the country is finally gearing up to provide the much-anticipated clarity around crypto regulation. As India prepares to preside over the upcoming G20 summit for the first time, the regulation of cryptocurrencies is poised to be a significant focal point. Ahead of the gathering of the world’s most influential nations scheduled for later this week, India’s Minister of Finance, Nirmala Sitharaman, confirmed that discussions are in...

Japan has been actively reassessing its crypto tax regulations since last year, with a focus on creating an environment that encourages the growth of blockchain startups within the country. Japan’s financial regulator, the Financial Services Agency (FSA), has unveiled a groundbreaking proposal that could reshape the country’s crypto taxation landscape. On August 31, 2023, the FSA presented its plan to revise the tax code concerning digital assets, with the most prominent change being the...

New York Congressman Ritchie Torres, a democrat, wrote a harsh letter blasting the efforts of the Securities and Exchange Commission (SEC) and its head Gary Gensler to rid cryptocurrency from the annals of American history. Torres Vs. the SEC: Who Will Win? The SEC has been developing a reputation as a bully over the past few months. The agency is initiating lawsuits against all crypto players, large and small, and it’s been utilizing tactics of “regulation...

Ernie’s release follows the new regulation in the AI industry introduced by the Chinese government. Notably, Baidu became the first company to get an approval from the authorities.  On March 16, Chinese internet search services giant Baidu Inc (HKG: 9888) revealed its Chinese-language ChatGPT alternative – Ernie chatbot. At that time, the chatbot was not fully ready, therefore, it was available to a limited number of users, mostly business partners and those who were the first on the...

US Representative Warren Davidson continues to push for Gary Gensler’s removal as the chairman of the Securities and Exchange Commission (SEC) following Grayscale’s recent win in court against the agency. Industry stakeholders and the broader crypto community believe Gensler and the SEC’s regulation by enforcement approach towards the crypto industry caused more harm than good to retail investors. Rep. Davidson Bent on Gensler’s Ousting Rep. Warren Davidson continues to pan...

BaFin erteilt Digital Asset Spezialist Hyphe Markets GmbH Lizenz in Deutschland Die deutsche Tochtergesellschaft von Hyphe, einem führenden Liquidity Provider für digitale Vermögenswerte, hat ihre BaFin-Lizenz erhalten. Hyphe Markets GmbH, mit Sitz in München, wird nun als Wertpapierinstitut gemäß Wertpapierinstitutsgesetz (WpIG) und der Europäischen Investment Firm Regulation (IFR) agieren. Die deutsche Bundesanstalt für...