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“# Crypto is too big to exist outside of public policies, warns SEC chair ” Crypto assets will not last long outside of a public policy framework because “finance is about trust,” warns Gary Gensler, the chair of the United States Securities and Exchange Commission. Speaking to The Financial Times, Gensler stressed the need for…
“# US postal inspectors need ‘comprehensive crypto training,’ audit finds ” The United States Postal Inspection Service (USPIS), the law enforcement arm of the U.S. Postal Service, has conducted an internal audit of the way in which it carries out crypto-related investigations and found there’s significant room for improvement. Notably, the USPIS handled only a…
“# Legislative Assembly of El Salvador approves $150M Bitcoin Trust ” El Salvador’s Legislative Assembly has passed legislation creating a $150 million dollar Bitcoin Trust and supporting the development of crypto infrastructure and services across the country. The bill passed on Aug. 31, with 64 officials voting in favor and 14 opposing the trust’s creation….
“# Slovenian finance authority proposes 10% tax on crypto income ” According to local media reports, the Financial Administration of the Republic of Slovenia, or FURS, is considering imposing a 10% taxable income bill on cryptocurrency asset activity in the near future. Under the current legislation method, the authority analyses an individual’s digital asset activity…
“# New NY Gov. taps former Obama official to head state’s financial regulator ” Kathy Hochul, the governor of New York who has been in office for only a week since the departure of Andrew Cuomo, has nominated Adrienne Harris to lead the state’s Department of Financial Services. According to a Tuesday Wall Street Journal…
“# Treasury attempts to squeeze further crypto-related data sharing provisions in budget bill: Roll Call ” U.S. Department of the Treasury will reportedly push to extend the reach of new rules designed to govern the cryptocurrency space. Closely following the infrastructure package freighted with last-minute crypto taxation provisions is the upcoming budget reconciliation bill that…
“# Anthony Scaramucci: $100K per BTC by year-end is still within reach ” Anthony Scaramucci, CEO and founder of SkyBridge Capital, thinks Bitcoin (BTC) can reach $100,000 before the end of the year, mainly due to the exponential growth in demand every month. “The bottom line is you have the limited and fixed supply of…
“# Crypto does not qualify as currency, says South Africa’s central bank governor ” Lesetja Kganyago, governor of the South African Reserve Bank (SARB), has argued against classifying crypto as currencies. According to a report by MoneyWeb, the central bank chief likened crypto to assets rather than currency during an interactive session at the Wits…
“# Retirees in El Salvador protest against Bitcoin adoption ” Amid El Salvador preparing to officially enforce the country’s Bitcoin (BTC) law in early September, Salvadorans took to the streets to protest over the adoption of BTC as an official currency. El Salvador’s anti-Bitcoiners have expressed discontent regarding the government’s plans to adopt Bitcoin as…
“# SBF promotes efficiency of ‘misunderstood’ crypto derivatives ” The chief executive of crypto derivatives exchange FTX, Sam Bankman-Fried (SBF), has argued that derivatives are vital for the efficiency of the digital asset markets. In an interview with Forbes published Aug. 30, the crypto billionaire claimed that crypto derivatives are “misunderstood,” asserting that critics fail…