Lawmakers Must Disclose Cryptocurrency Holdings Exceeding $1K, Says US House Ethics Committee

ICO News, News | June 21, 2018 By:

US House of Representative members will now be required to disclose holdings of cryptocurrencies that exceed $1,000.

In a memo published on June 18, the House Ethics Committee advised lawmakers that they must inlcude crypto holdings worth more than $1,000 in their annual financial disclosure report and reveal any transactions that exceed $1,000 within 45 days of the purchase or sale of the virtual asset.

 Read more  »

South Korea Plans To Ease Crypto Regulations Under New FSS Governor

ICO News, News, Regulation | May 7, 2018 By:

Yoon Suk-heun, the newly appointed governor of South Korea’s Financial Supervisory Service (FSS), said that the country’s top financial regulator will look to ease regulations on domestic cryptocurrency trading.

In a statement, Yoon said the FSS will collaborate with the Financial Services Commission (FSC) when an inspection on policies and financial institutions has different configurations associated with different scopes.

 Read more  »