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“# Bybit crypto exchange suspends services in South Korea ” Bybit, one of the world’s top cryptocurrency derivatives exchanges, will halt some of its services to South Korean users ahead of a licensing deadline. The exchange officially announced on Friday that it will discontinue Korean language support from its platforms as well as its official South…
“# Bank of Russia wants to block ‘emotional’ and suspicious crypto activity ” As cryptocurrency investments get more popular in Russia, the country’s central bank is actively working to curb perceived suspicious crypto activity as well as block some crypto purchases. The Bank of Russia has started working with local banks to make them halt…
“# Sen. Warren goes after Ethereum network fees in committee hearing ” Democratic Senator Elizabeth Warren, known by many as an outspoken cryptocurrency skeptic in the U.S. government, criticized outages at exchanges and high transaction fees during periods of price volatility. In a Tuesday hearing of the Senate Committee on Banking, Housing, and Urban Affairs…
“# President Biden announces picks to fill CFTC vacancies ” U.S. President Joe Biden has tapped acting chairperson of the Commodity Futures Trading Commission Rostin Behnam to assume his position on a permanent basis, as well as two others to fill vacant commissioner seats. In a Monday announcement from the White House, President Biden said…
“# El Salvador’s Bitcoin wallet is ‘95% fixed,’ President Bukele says ” Just a week after Bitcoin (BTC) became legal tender in El Salvador, President Nayib Bukele has admitted that the rollout of the state Bitcoin wallet was too much of a challenge. Chivo, El Salvador’s official Bitcoin wallet, has temporarily disabled new registrations and…
“# US lawmakers propose adding digital assets to ‘wash sale’ rule and raising capital gains tax ” Democrats in the U.S. House of Representatives have proposed tax initiatives to fund a $3.5 trillion spending package which could potentially affect crypto users. According to a document released by the House Committee on Ways and Means on…
“# US Treasury reportedly in talks for stablecoin regulation ” Amid massive growth of the stablecoin market, the United States Treasury Department has reportedly discussed potential regulation for private stablecoins. The Treasury conducted several meetings last week to examine the risks of stablecoins for users, markets, or the financial system, as well as learn about…
“# Bitcoin investors are reportedly exempt from taxes in El Salvador ” The government of El Salvador will reportedly exempt investors from paying a capital gains tax and an income tax on Bitcoin (BTC), according to a presidential legal counsel. Javier Argueta, a legal adviser to President Nayib Bukele, is looking to encourage foreign investment…
“# El Salvador’s Bitcoin detractors: Opposition mounts despite crypto rollout ” The year 2021 will probably go down the history books as one of Bitcoin’s (BTC) most interesting years, given its recent uptake by billionaires and adoption by mainstream institutions, not to mention El Salvador’s move to make it legal tender. In El Salvador’s case,…
“# Swiss Exchange SIX granted approval to launch crypto marketplace ” The Swiss Financial Market Supervisory Authority, or FINMA, have today announced their approval for regulated Swiss exchange SIX to launch a digital asset marketplace and central securities depository built on distributed ledger technology. Initially intent on launching in the latter half of 2019, regulatory…