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“# South Korean regulators tell banks to open the books on cryptocurrency exchanges ” Financial regulators in South Korea have asked banks to provide information on their dealings with cryptocurrency firms, a local outlet reported on Wednesday, as authorities seek to determine how many cryptocurrency exchanges operate within the country’s borders. An unnamed regulatory body…
“# Court orders Kraken to provide information on user transactions to the IRS ” Kraken has been ordered to provide information on its users to who conducted the equivalent of $20,000 in crypto transactions in any one year, between 2016 and 2020, to the Internal Revenue Service. A federal court in northern California authorized the…
“# VanEck and BetaShares apply for Aussie crypto ETFs as family offices snap up BTC ” Family offices in Australia are reportedly piling into digital assets as fund managers compete to list the country’s first cryptocurrency-backed exchange-traded fund. VanEck and BetaShares have each lodged submissions with the Australian Securities Exchange (ASX) following a rejection of…
“# New York bill proposes to ban crypto mining for 3 years over carbon concerns ” Crypto miners in New York may be subject to a forced three-year hiatus if the latest environmentally-focused bill passes in the state senate. The New York Senate Bill 6486 was proposed by Democrat senator Kevin S. Parker, the Chairman…
“# Crypto.com to use CipherTrace tool to comply with FATF’s travel rule ” Crypto.com, the creator of a cryptocurrency exchange, wallet, debit card program and crypto app, is strengthening its compliance toolkit by implementing a commercial solution developed by crypto intelligence firm CipherTrace. CipherTrace’s tool, called Traveler, takes its name from being designed to meet…
“# Survey shows South Koreans support crypto tax law ” An opinion poll conducted by South Korean television station YTN has shown significant support for the planned cryptocurrency tax regime in the country. According to a report by The Korea Herald, 53.7% of the 500 participants polled by South Korea survey firm Realmeter expressed support…
“# Thailand to introduce in-person KYC for crypto exchanges ” Financial regulators in Thailand are preparing to tighten restrictions surrounding new account creation at crypto asset exchanges. According to a May 3 report from Bangkok Post, the country’s Anti-Money Laundering Office (AMLO) announced that as of July, crypto exchanges must verify the identities of new…
“# Rolling up the sleeves: China’s tech giants drive digital yuan adoption ” While key central bank figures in the West like Jerome Powell and Christine Lagarde appear to be procrastinating on the subject of central bank digital currencies, China continues to make significant progress. China’s digital currency electronic payment project, or DCEP, helmed by…
“# Experts debate Bitcoin climate footprint in latest Cointelegraph Crypto Duel ” In the latest Cointelegraph Crypto Duel, founder of Digiconomist Alex de Vries and CEO and founder of Blockchain for Climate Joseph Pallant debated the intensity of Bitcoin’s footprint and possible paths forward to reduce it. As pointed out by de Vries, Bitcoin’s energy…
“# England’s central bank moves ahead with CBDC with 7 job postings ” The United Kingdom’s central bank, the Bank of England, or BoE, still maintains that it is unsure on a path forward regarding a central bank digital currency, although the entity is looking to hire at least seven CBDC-related job positions. The job…