Regulation

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...

Former heads of the Commodity Futures Trading Commission (CFTC) and the Securities and Exchange Commission (SEC) Timothy Massad and Jay Clayton feel the U.S. is seriously falling behind when it comes to crypto regulation, and they’re calling for legislators to step up and create valid rules once and for all. Timothy Massad on the Lack of Crypto Regulation Right now, the U.S. is arguably one of the worst places for crypto activity. This largely has to do with the...

The Federal Bureau of Investigation (FBI) announced confiscating approximately $1.7 million worth of crypto assets from March to May in the United States in a bid to combat illicit activities. The seizures were carried out as a result of numerous breaches in federal regulations. The law enforcement agency took control of $147,000 in Bitcoin (BTC), $800,000 in Ether (ETH), $307,000 in Tether (USDT), 469,000 in Dai, and $20,000 in Monero (XMR) across Arizona, California,...

CoinspeakerBitGo Successfully Completes $100 Million Fundraise Despite Rough Market Conditions Despite challenging market conditions, BitGo secures massive funding as it successfully navigates through the uncertainties in crypto regulations. BitGo Successfully Completes $100 Million Fundraise Despite Rough Market Conditions

Dante Disparte, the chief strategy officer and head of global policy of the second-largest stablecoin issuer Circle, has blasted crypto firms that create counterfeits of the U.S. dollar. According to a Bloomberg report, Disparte called for relevant federal legislation around stablecoins to protect consumers and prevent investors from companies with fake USD. Circle CSO Criticizes Firms That Counterfeit USD Disparte said the several bank failures in the U.S. earlier this year...

CoinspeakerA Political Initiative from Coinbase Features US Lawmaker with Ethics Violation Rep. David Schweikert, listed as a lawmaker with "very supportive" views on crypto in the United States, reached a settlement requiring him to pay $175,000 in connection to breaches of House ethics regulations. A Political Initiative from Coinbase Features US Lawmaker with Ethics Violation