EU Council Reaches Agreement On Crypto-Asset Tax Reporting
The European Council has agreed on a general approach for amending the directive on administrative cooperation in the area of taxation. The amendments focus on...
SEC Rejects Coinbase’s Petition For Crypto Regulation Clarification
Prominent crypto exchange Coinbase has faced a setback in its attempt to seek clarification on crypto regulations from the U.S. Securities and Exchange Commission (SEC)....
Russian Federal Tax Service To Oversee Cryptocurrency Industry
In a recent statement, the Deputy Minister of Finance of Russia confirmed that the country’s regulatory agency overseeing the cryptocurrency industry would primarily be the...
Binance Withdraws From Canadian Market Over Regulatory Challenges
Binance has announced its proactive decision to withdraw from the Canadian marketplace. This move follows the footsteps of other prominent crypto companies that have faced...
Bloomberg Analyst McGlone Asserts Bitcoin’s “Untouchable” Status
Bitcoin is “untouchable” because it is more decentralized than other cryptocurrencies, according to Bloomberg’s senior commodities analyst, Michael McGlone. In a recent webcast with crypto...
Signature Bank’s Collapse: Why Regulators Took Action
Signature Bank, a New York-based institution with assets of $110.36 billion and deposits of $88.59 billion at the end of 2022, was taken over by...
UK Banking Regulator To Propose Crypto Rules
The Bank of England’s Prudential Regulation Authority (PRA) is proposing new rules for issuing and holding digital assets in the U.K., including stablecoins and other...
Gensler’s Crypto Securities Claim Criticized by Lawyers
Gary Gensler, the head of the United States Securities and Exchange Commission (SEC), has received strong criticism from digital currency lawyers for his recent comments...
Coinbase Q4 Losses Deepen Amid Regulatory Pressure
Coinbase Global Inc., the largest US cryptocurrency exchange, is expected to report a loss of nearly $600 million in the fourth quarter of 2022, along...
FSB Takes Action to Investigate DeFi Risks
The U.S. Financial Stability Board (FSB) has outlined new actions that it will take to investigate the risks associated with decentralized financing (DeFi). The FSB...