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” OECD opens proposal on tax transparency framework for crypto to public comment “ The Organisation for Economic Cooperation and Development, or OECD, has suggested additional requirements on reporting crypto transactions and identifying users aimed at increasing transparency for global tax authorities. In a public consultation document released on Tuesday, the OECD opened for public…
” EU vote on Bitcoin mining: What does it mean for the industry? “ Proof-of-work (PoW) crypto mining won’t be banned in the European Union — not this year at least. That’s the conclusion from last week’s closely watched committee vote in the European Parliament (EP). A last-minute amendment presented by an ad hoc coalition…
” SBF opens Aussie Blockchain Week as govt says we’re “open for business” “ FTX CEO Sam Bankman-Fried gave the opening keynote at this year’s Blockchain Week, with the events of day one held at the headquarters of the Australian Securities Exchange (ASX). Addressing the event remotely from the Bahamas, Bankman-Fried used his keynote to…
“Real Housewives of New York-linked fund accused of ‘extortion’” The husband of an ex-“Real Housewife” used her fame to bamboozle a marijuana grower into an investment deal — and sent the enterprise up in smoke when his private-equity fund didn’t cough up the money, according to court papers. The fund — Gateway Privileged Fund LLC…
” Old but gold: Can digital assets become part of Americans’ retirement plans? “ On March 11, the United States Department of Labor warned employers that sponsor 401(k) retirement plans to “exercise extreme care” when dealing with cryptocurrencies and other digital assets, even threatening to pay extra legal attention to retirement plans with significant crypto…
” Binance tells regulators it will cease operations in Ontario… for real this time “ Binance confirmed in an undertaking to the Ontario Securities Commission, or OSC, in Canada dated March 16 that the crypto exchange will cease activities involving Ontario residents. Binance will also stop opening new Ontario accounts and provide fee waivers and…
” Stranded no more? Bitcoin miners could help solve Big Oil’s gas problem “ The energy usage and environmental impact of Bitcoin (BTC) mining have been frowned upon and been under the scanner by various international financial institutions. The International Monetary Fund (IMF) mentions how Bitcoin mining consumes “vast amounts of computing power and electricity.”…
” US lawmakers introduce bills that could force crypto exchanges to cut ties with Russian wallets “ Representative Brad Sherman will be introducing a bill in the House aimed at cracking down on U.S. businesses handling crypto transactions for Russian banks and individuals. Speaking at a hybrid markup meeting with the House Financial Services Committee…
” US lawmakers discuss crypto’s role in sanctions, national security and humanitarian aid “ Industry experts and lawmakers who spoke at a hearing of the United States Senate Committee on Banking, Housing, and Urban Affairs clashed on how the country should handle digital assets used for illicit purposes. Speaking remotely in a Thursday hearing on…
” New Hampshire hopes its express approval of crypto-friendly law will attract new business “ The New Hampshire House of Representatives passed a bill on Tuesday to adopt the new version of Chapter 12 of the Universal Commercial Code, or UCC, which will govern transfers of digital assets. The chapter is still in draft form,…