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“# Australian tax office: Report crypto profits or else ” The Australian Tax Office has urged citizens to accurately report any profits made in the process of trading cryptocurrencies like Bitcoin (BTC), as it anticipates tax filings from a pool of 600,000 Aussies who it now believes to be invested in digital assets. The ATO’s…
“# Shutting down Bitcoin is impossible, Ark Investment founder says ” While Bitcoin (BTC) increasingly falls under the scrutiny of regulators worldwide, Ark Investment founder and CEO Cathie Wood is confident that regulators will not be able to shut down the world’s largest cryptocurrency. Wood said that Bitcoin is “already on its way and it’ll be…
“# Korean gov’t clarifies crypto regulatory roles of different agencies ” Over the past year or so, the crypto community in South Korea has had to adapt to a suite of new regulations and government frameworks tailored to the growing industry. With the regulatory landscape for digital assets thus undergoing a marked shift, there…
“# Crypto will ‘come to life’ in Nigeria, central bank governor says ” At a 279th meeting of the Monetary Policy Committee in Abuja, Central Bank of Nigeria Governor Godwin Emefiele expressed confidence that cryptocurrencies like Bitcoin (BTC) will be legal in the country, Business Insider reports Wednesday. Emefiele did not directly mention a decision…
“# US sanctions agency OFAC to rely more heavily on Chainalysis ” The U.S. Office of Foreign Assets Control has requested another subscription to Chainalysis analytics software in order to step up its blockchain transaction surveillance efforts. In a public notice sent out on May 26, the agency confirmed its intention to subscribe to Chainalysis’s…
“# Shanghai Man: Miners banned, exchanges targeted? Here’s what’s really happening ” This weekly roundup of news from Mainland China, Taiwan, and Hong Kong attempts to curate the industry’s most important news, including influential projects, changes in the regulatory landscape, and enterprise blockchain integrations. China regulations, FACT or FUD? Normally, this weekly column takes a…
“# Harvard Law BFI throws 10.5M votes behind own proposal to fund DeFi lobby with UNI ” The effect of whales on Uniswap governance is a topic of hot debate once again after Harvard’s blockchain group threw a massive amount of voting power behind its own proposal. The proposal, made on May 27 by the…
“#Robinhood loses bid to block Massachusetts regulators’ case against it” A Massachusetts judge on Thursday rejected Robinhood’s bid to block state regulators from moving forward with their enforcement action alleging that the online brokerage encourages inexperienced investors to place risky trades without limits. Suffolk County Superior Court Judge Kenneth Salinger said Robinhood could continue challenging in court the…
“# SEC begins formal review of Fidelity, SkyBridge Bitcoin ETF applications ” A pair of Bitcoin (BTC) ETF applications submitted by Fidelity Investments and SkyBridge Capital are under official review by the United States Securities and Exchange Commission, or SEC, reigniting a long-standing debate about whether regulators will finally approve America’s first crypto-focused ETF. The…
“# Big tech, not cryptocurrency, is the real threat to central banks’ autonomy, Danish central bank governor says ” Crypto trading volumes continue to increase, but several countries’ central banks are keen to ignore it, with Denmark being the latest to join the “crypto is negligible” narrative. Lars Rohde, governor of the country’s central bank…