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Tag Archives: Bitcoin Regulation

What You Need to Know About the Queen’s Crypto Tax Update

The UK’s tax authority has updated its tax policy for crypto assets. Expect huge administrative headaches as all crypto transactions need to be converted into £ and recorded. The authority reiterates that Bitcoin is not money. Her Majesty’s Revenue and Customs (HRMC) on Friday updated its tax policy related to cryptocurrency in the UK. Here’s what you need to know to stay compliant with the British taxman. The HRMC’s statement on Cryptoassets: tax for businesses only provided...

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UK Govt Official Swats Question on Proposed Crypto Derivatives Ban

The decision over whether to ban the sale of crypto derivative products to retail customers in the UK will be determined solely by the financial regulator. This was the message delivered by Economic Secretary to the Treasury, John Glen, in an answer to a question posed by the Member of Parliament for Shipley, Philip Davies. Referring to a commitment by the Financial Conduct Authority to launch consultations to find out the implications of prohibiting the sale of cryptocurrency...

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SEC Commissioner Hester Peirce aka ‘Crypto Mom’ to Hold Q&A at Solidus Labs’ Compliance Summit

Photo: Crypto Compliance SummitSolidus Labs‘ one-day event, taking place at Hogan Lovells, Madison Avenue on Thursday, will culminate in a talk by reigning SEC Commissioner Hester M. Peirce.Also speaking at the event, which includes a series of panel discussions, will be Coinbase Chief Compliance Officer Jeff Horowitz and representatives from Circle, CryptoCompare, and David Weild IV, former Vice-Chairman of NASDAQ.Not Your Usual CommissionerCryptocurrency regulators aren’t often spoken of...

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SEC Chief: You’re ‘Sorely Mistaken’ if You Think Bitcoin’s All Grown Up

Think Bitcoin's ready for prime-time trading on a major stock exchange? SEC Chairman Jay Clayton says you're "sorely mistaken." | Source: REUTERS / Aaron P. Bernstein U.S. Securities and Exchange Chairman Jay Clayton just delivered a rebuke to cryptocurrency backers, alleging that Bitcoin is unlikely to trade on a major US exchange until it's much better regulated....

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Exclusive: Australia’s Securities Cop Braces for ‘Significant Increase’ in Crypto Trading

Australia's financial watchdog has keeping ahead of the pack with crypto regulations. | Source: Shutterstock The Australian Securities and Investments Commission (ASIC), the country’s financial regulator and watchdog, is gearing up for the rapid growth of crypto-asset markets. Speaking to CCN, an ASIC spokesperson indicated that the regulator has identified...

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VanEck’s Bitcoin Trust Flops With Only 4 BTC Under Management

VanEck's recently launched BItcoin Trust is a total flop, based on initial investment interest. | Source: ShutterstockFollowing the divisive launch of a so-called “Limited ETF” from the fund manager VanEck, the crypto-focused offering has fallen short of impressive, citing just a single issuance of the instrument with a total of 4 BTC under management…Statistics from VanEck as of 09/09/19, on “ETF” i.e VanEck SolidX Bitcoin Trust 144A Shares. | Source: VanEckThe data was relayed via crypto...

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SEC Warms to Bitcoin ETF Amid Price-Manipulation Fears

SEC Chairman Jay Clayton suggests that a bitcoin ETF may be approved once price-manipulation concerns are addressed. | Source: REUTERS / Brendan McDermidSEC Chairman Jay Clayton says the agency is inching closer to finally approving a bitcoin ETF. However, he warns that more work needs to be done to deter price manipulation and ensure a transparent market.Clayton made the assertions during a CNBC interview with Bob Pisani (video below). Pisani asked if we're any closer to seeing a bitcoin...

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Dutch Central Bank’s Onerous Rules Put Crypto Players in Crosshairs

The Dutch Central Bank is putting crypto companies on notice, saying it will even include their shareholders under its microscope. | Source: ShutterstockThe Dutch central bank has run out of patience with the crypto space. The De Nederlandsche Bank (DNB) put certain players on notice that they have until 2020 to register.That's when they'll become subject to "integrity supervision."On Tuesday, the De Nederlandsche Bank claimed it was required to start supervising crypto-related businesses...

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