An academic debate rages over the length of the Internal Revenue Code. It is widely quoted at more than 70,000 pages. That figure may be overstated by at least a few dozen thousand pages, though. Beyond pure tax law, the Code also includes related interpretive documents,
The New York Office of the Attorney General has announced the results of the Virtual Markets Integrity Initiative, a state-level effort to examine the policies and practices of major crypto exchanges.
In April of this year, the office sent letters to 13 major crypto exchanges requesting key details on areas such as ownership,
Crypto exchange IronX has received regulatory approval from the Estonian Financial Intelligence Unit (FIU).
IronX, first announced last month, is a joint venture between foreign exchange trading provider IronFX and EmurgoHK Group, developer of the Cardano Blockchain and the ADA Coin.
The Securities and Exchange Commission has announced that Christopher R. Hetner, senior advisor to chairman Jay Clayton for cybersecurity policy, plans to leave the agency. Hetner will remain in the chairman’s office during the identification of and transition to his successor.
Hetner previously served as senior advisor for cybersecurity policy for former Chair Mary Jo White and former acting chairman Michael Piwowar.
The Verkhovna Rada, the Ukrainian parliament, has proposed a bill that would tax residents’ crypto-related profits.
Initiated by 23 government officials, the tax bill proposes a 5 percent tax on profits that private individuals and corporate entities realize from trading their cryptocurrencies. The bill states that these profits must be reported separately from other forms of income.
Winter has come for the initial coin offering, and it’s at a time when cryptocurrency prices are down and (some say) may head further south.
News that the Mt. Gox hoard of coins that have been recovered may be partially released to holders may flood the market,
In the years leading up to the economic meltdown of 2008, life was good. Housing prices were up, mortgages were being handed out like candy, and bankers were living large. It was all thanks to a niche security asset that had exploded in popularity: collateralized debt obligations (CDO),
Blockchain security firm BitGo has received an approval from the South Dakota Division of Banking to act as a qualified custodian for digital assets.
Founded in 2013, BitGo offers an enterprise-grade, multi-sig, multi-user crypto wallet, as well as API access to its underlying security platform.
Kiyotaka Sasaki, Japan’s Financial Services Agency (FSA) vice commissioner for policy coordination, said that the agency will be expanding its team focused on crypto-related activities next year.
During a study group meeting centered on cryptocurrency, Sasaki said that the FSA currently has a team of 30 people monitoring the local crypto indusrty.
US securities laws cover some initial coin offerings (ICO), a federal judge has ruled, opening the door for increased government regulation of domestic ICOs.
In US V. Zaslavskiy, 17-cr-0647, U.S. District Court for the Eastern District of New York (Brooklyn), a man was charged with promoting digital currencies backed by investments in real estate and diamonds.