# Beijing court rejects monetary compensation in Bitcoin mining contract plea

# Beijing court rejects monetary compensation in Bitcoin mining contract plea

“# Beijing court rejects monetary compensation in Bitcoin mining contract plea ” A district court in Beijing has rejected monetary compensation in a Bitcoin (BTC) mining contract plea against a blockchain company. The Chaoyang District People’s Court on Wednesday deemed the Bitcoin mining contract between the plaintiff and the blockchain firm “invalid,” the South China…

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# Six senators urge Treasury Secretary to clarify definition of broker in infrastructure law before 2022

# Six senators urge Treasury Secretary to clarify definition of broker in infrastructure law before 2022

“# Six senators urge Treasury Secretary to clarify definition of broker in infrastructure law before 2022 ” A bipartisan group of U.S. senators have called on Treasury Secretary Janet Yellen to clarify the language in the infrastructure bill signed into law by President Joe Biden around the tax reporting requirements on crypto. In a Tuesday letter,…

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# Fed chair Jerome Powell says he isn’t concerned about crypto disrupting financial stability in the US

# Fed chair Jerome Powell says he isn’t concerned about crypto disrupting financial stability in the US

“# Fed chair Jerome Powell says he isn’t concerned about crypto disrupting financial stability in the US ” United States Federal Reserve chair Jerome Powell hinted that though the government agency should consider monitoring developments in the crypto space, he didn’t see cryptocurrencies as a financial stability concern for U.S. markets. Addressing a question on…

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# UK advertising watchdog bans crypto ads for Coinbase and Kraken

# UK advertising watchdog bans crypto ads for Coinbase and Kraken

“# UK advertising watchdog bans crypto ads for Coinbase and Kraken ” The Advertising Standards Authority, or ASA, the United Kingdom’s independent advertising regulator, has taken down another batch of cryptocurrency-related ad campaigns promoting several major industry firms. On Dec. 15, the advertising watchdog issued several rulings on ad violations involving six crypto-related firms including…

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# SBI Holdings invests in Singapore crypto exchange Coinhako

# SBI Holdings invests in Singapore crypto exchange Coinhako

“# SBI Holdings invests in Singapore crypto exchange Coinhako ” Tokyo-based financial services giant SBI Holdings announced a joint investment in Coinhako, Singapore’s first licensed crypto exchange approved by the Monetary Authority of Singapore (MAS).  The Coinhako investment was made via a fund jointly set up by SBI and Swiss-based Sygnum Bank, namely, the SBI-Sygnum-Azimut…

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