Janet Yellen, US Secretary for Treasury spoke today about crypto regulation while she was addressing the Annual Summit of the Wall Street. Says that the US lacks any framework for the time being for issuing any crypto-related regulations though the Government is aware it has associated risks. Bitcoin is an unruly horse and it has…
As per the latest reports, Exodus has received a positive response from the SEC for a recent filing it had submitted at the regulator. Exodus, which is a famous wallet provider for cryptocurrencies in the United States had filed a proposal, requesting to sell its operation’s shares. It has been confirmed that the US Securities…
Warren Davidson, the US Representative reinstated his signature bill this week, titled Token Taxonomy Act. This marked the third attempt in three years to get the proposed regulations completed. The proposed bill is an attempt to provide a coherent piece of legislation for the regulation of cryptocurrencies. It also includes various crypto-friendly measures with respect…
A law is expected to be introduced by the US legislators that will assess the cryptocurrency regulations in the US. There are steps being taken to clarify the regulations with respect to cryptocurrency in the United States (US). Congressmen, Stephen Lynch and Patrick McHenry presented legislation aimed at creating a committee to examine the regulations…
Reportedly, Moneygram has suspended utilizing Ripple’s platform. The announcement was a result of US Securities and Exchange Commission’s (SEC) lawsuit against Ripple Labs and its officials. Preceding year, Moneygram International earned $50.2 million for using the Ripple platform. However, this year it announced that it had suspended trading on the platform following the lawsuit against…
Fresh guidelines regarding crypto tax have been published by Spain’s Federal Tax Authority, SATA – (i.e. State Agency for Tax Administration). The purpose of the issuance of guidelines is to seek a prominent increase in the number of crypto taxpayers while reducing the instances of tax avoidance. Spanish Government says that the initiative is an…
Fraudster who embezzled around $20 million from investors has been sentenced for six months in jail. Jerry JiGuo defrauding investors by offering them fake initial-coin offering scheme according to press release by US. Department-of-Justice. Guo misrepresented himself as a crypto consultant and used to pitch them fraudulent initial coin offering. Additionally, he used to offer…