Policy & regulation

Bitcoin

Colonial Pipeline Paid Almost $5M Crypto Ransom Soon After Attack: Report

The company previously said it would not pay the hackers.

Policy & regulation  ·  13 May 2021
IRS

IRS Will Seize Crypto Assets on Failure to Pay US Taxes: Official

Crypto is treated by the IRS as property for U.S. tax purposes and can be seized in the same way, an official said.

Policy & regulation  ·  13 May 2021
China

Trial Gets Under Way for Well-Known Crypto Executive in China

Prominent trader Zhao Dong is charged with "assisting internet criminal activities " and faces three years in prison.

Policy & regulation  ·  12 May 2021
Cynthia Lummis

US Senator Proposes Making Distributed Ledgers ‘Key Technology Focus’

Wyoming's Cynthia Lummis wants the U.S. government to make blockchain a priority.

Policy & regulation  ·  11 May 2021
Banking

FDIC Chief Says Agency Wants to Know More About Digital Assets

"At the FDIC we have been watching [digital asset] developments closely, and plan to issue a request for information to learn more," Jelena McWilliams said.

Policy & regulation  ·  11 May 2021
CBDCs

Israel’s Central Bank Considers Issuing a Digital Shekel

The central bank is to focus more effort on CBDCs as a potential benefit to payments and the digital economy.

Policy & regulation  ·  11 May 2021
Federal Reserve

State of Crypto: Gary Gensler’s Regulatory Clarity Sounds Awfully Familiar

Gary Gensler said Congress should provide clarity around crypto exchange regulation. A 2020 bill sought to do just that.

Policy & regulation  ·  11 May 2021
DeFi

DeFi Is Not TradFi: Why FATF’s Guidance Would Stifle Growth

FATF may have DeFi in its sights, but Aave general counsel Rebecca Rettig is keeping watch on the watchdog.

Policy & regulation  ·  11 May 2021
IRS

How to File Your Crypto Taxes (and Not Get Screwed)

Here are seven things you need to know about cryptocurrency taxes.

Policy & regulation  ·  7 May 2021
Fraud

NY Attorney General Moves to Shut Down Crypto App Coinseed Over Fraud Claims

The action follows allegations of fraud against the app in February.

Policy & regulation  ·  7 May 2021
Regulation

Iran’s Central Bank Reportedly Bans Trading of Crypto Mined Abroad

The move is said to be an attempt to stop capital flight from Iran.

Policy & regulation  ·  7 May 2021
Regulation

SEC Chair Gary Gensler Recommends Congress Regulate Crypto Exchanges

“There’s really no protection around fraud or manipulation,” Gensler said in his first public hearing since taking the reins at the agency.

Policy & regulation  ·  6 May 2021
New York

New York Bill Would Freeze Bitcoin Miners Pending Environmental Review

The new legislation seeks to counter an industry that critics blast as detrimental to New York’s decarbonization goals.

Policy & regulation  ·  4 May 2021
Newsletters

State of Crypto: The Bitcoin Fog Indictment Shows the Permanence of User Data

The feds arrested the alleged operator of bitcoin mixing service Bitcoin Fog last week. But where’d they get the information to indict him?

Policy & regulation  ·  4 May 2021
Exchanges

In-Person ID Checks May Be on the Way for Thai Crypto Exchange Users: Report

New exchange users will have to use machines to scan their ID card chips before they can open a crypto account, says an industry exec.

Policy & regulation  ·  4 May 2021