FTT Another Crypto Fiasco? SERC Regulated MoonXBT Stresses on Regulation Importance for Crypto
SERC-regulated MoonXBT stresses on regulation importance for crypto after Binance’s massive FTT liquidation.
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D.C. Attorney General Alleges Michael Saylor Evaded Tax Payment for 10 Years
The District of Columbia’s attorney general says MicroStrategy CEO Michael Saylor evaded paying $25 million worth of taxes MicroStrategy and Michael Saylor have denied the allegations District of Columbia Attorney General has filed a lawsuit accusing Bitcoin bull Michael Saylor of evading $25 million worth of taxes in the District and violating the tax code….
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Robinhood’s Crypto Division Fined $30 Million for Breaching Anti-money Laundering Regulations
Key takeaways: The New York State Department of Financial Services (NYDFS) has imposed a $30 million fine on Robinhood’s crypto division According to the NYDFS, Robinhood did not adequately comply with the state’s anti-money laundering and cybersecurity regulations Robinhood will also have to hire an independent consultant who will thoroughly evaluate the company’s compliance measures…
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U.S. Treasury Publishes Framework For International Digitial Assets Regulation
The United States Treasury – in conjunction with several relevant governmental bodies, including the Secretary of State and the Secretary of Commerce – has published a fact sheet on international cryptocurrency regulation. The regulatory framework outlined in the document comes as a direct outcome of President Biden’s March executive order on Ensuring Responsible Development of Digital Assets.
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Bank for International Settlements To Let Banks Store Up To 1% of Their Reserves in Bitcoin
The Bank for International Settlements (BIS), a global central bank governing body, is seemingly getting ready to welcome Bitcoin (BTC) and other cryptocurrencies into the reserve assets fold, by allowing banks to keep up to one percent of their reserves in digital currencies.
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The Fed’s Conference Panelists Conclude That Digital Assets are Not a Threat to Dollar’s Domination
In June, the Federal Reserve (Fed) hosted its first-ever conference focused solely on the global role of the US dollar. On Monday, a write-up on the conference was published, which provides interesting insights into the positions held by top researchers, policymakers, and market experts on the “evolving roles of the U.S. dollar.”
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Grayscale Sues the SEC Over Rejected Bitcoin ETF Application
On Thursday, the US Securities and Exchange Commission (SEC) announced it rejected Grayscale’s Bitcoin exchange traded fund (ETF) application over concerns of potential price manipulation and the lack of investors’ protection.
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Why Isn’t Crypto More Widely Accepted in Regulated Online Gambling?
The speed of transactions, the internationality of the concept, and the low cost of use make cryptocurrency a perfect fit for online casinos and sportsbooks. Due to some reasons discussed in this article, casinos are reluctant to accept cryptocurrencies on the same level that they take fiat currencies.
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The SEC is Investigating Whether Binance’s BNB was Sold as a Security in the 2017 ICO
The United States Securities and Exchange Commission (SEC) is reportedly probing into the BNB initial coin offering that took place in 2017, to determine whether Binance’s self-reported utility token was in fact sold as a security.
