# Chinese trade associations sound crypto investment warning

# Chinese trade associations sound crypto investment warning

“# Chinese trade associations sound crypto investment warning ” The China Internet Finance Association has signed a joint statement with the China Banking Association and China Payment and Clearing Association, warning the public about the risks of investing in cryptocurrencies. According to a report by Shanghai Securities News on Tuesday, the aforementioned trade association under…

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# US FDIC seeks insight on banks’ role in cryptocurrency markets

# US FDIC seeks insight on banks’ role in cryptocurrency markets

“# US FDIC seeks insight on banks’ role in cryptocurrency markets ” The United States Federal Deposit Insurance Corporation is looking for information and public comments on banks’ cryptocurrency-related activities. The FDIC is the major provider of deposit insurance to U.S. commercial and savings banks, originally created to address bank runs during the Great Depression. …

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# FATF draft guidance targets DeFi with compliance

# FATF draft guidance targets DeFi with compliance

“# FATF draft guidance targets DeFi with compliance ” The decentralized finance, or DeFi, space exploded over the last year, with a total value locked in DeFi of around $90 billion, according to DeBank. The DeFi ecosystem includes projects like Maker, Aave, Compound, Uniswap and more, with new ones rapidly emerging. DeFi is a broad…

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# Argentina’s tax body reportedly asks crypto firms to report all activity

# Argentina’s tax body reportedly asks crypto firms to report all activity

“# Argentina’s tax body reportedly asks crypto firms to report all activity ” A tax authority in Argentina is reportedly looking to scrutinize operations involving cryptocurrencies like Bitcoin (BTC). Argentina’s Federal Administration of Public Income, or AFIP, has ordered domestic crypto exchanges and payment firms to provide monthly reports of all kinds of operations by…

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