Tag: proposed
Crypto community reacts to Biden’s proposed crypto tax reporting rules
Several prominent crypto commentators have criticized the new crypto tax reporting rules recently put forth by United States president Joe Biden. On A [...]
Sam Bankman-Fried’s lawyers push for temporary release, object to prosecutors’ proposed deal
Lawyers representing former FTX CEO Sam Bankman-Fried, or SBF, have claimed the “extraordinary accommodations” offered by authorities were insufficien [...]
IRS releases draft of proposed reporting rules for digital asset brokers
The United States Internal Revenue Service (IRS), the agency responsible for tax collection, released proposed regulations on the sale and exchange of [...]
A Long-Awaited Crypto Tax Rule Was Written Months Ago. Why Isn’t it Proposed?
Crypto investors and their brokerages are waiting for a U.S. tax rule that will completely overhaul how they report their cryptocurrency taxes, but th [...]
Oman financial regulator seeks feedback on proposed virtual asset framework
The Sultanate of Oman is inching closer to launching its own virtual asset regulations, with its financial markets regulator seeking public comments o [...]
Proposed Legal Reforms by Law Commission Aid UK Crypto Dreams – but Offer Scant Hope for Bitcoin Developers Sued by Craig Wright
Though the Law Commission findings are welcome, he believes they’re not enough. “We need to move, in short order, to companies legislation, to regulat [...]
Grayscale resolves lawsuit with Fir Tree over proposed changes to Bitcoin Trust
Grayscale Investments has reached an agreement with New York-based investment firm Fir Tree Capital Management over its Bitcoin Trust.According to a J [...]
U.S. SEC Out-of-Bounds in Dragging DeFi Into Proposed Exchange Rule, Crypto Industry Says
However, DeFi protocols “intuitively possess none of the defining hallmarks of stock exchanges,” according to the DeFi Education Fund’s letter. “Beyon [...]
UK Gov Has No Plans for a ‘Crypto Tsar’ as Proposed by Lawmakers, Economic Secretary Andrew Griffith Says
“There have been some suggestions by fellow parliamentarians that crypto assets are more akin to gambling I refute that, that is not the government's [...]
US lawmakers aim for crypto regulatory clarity with proposed bill putting the screws to SEC
Lawmakers with the United States House Financial Services Committee and House Agriculture Committee have released a draft discussion offering certain [...]
Deal to avoid US debt default nixes proposed 30% crypto mining tax, says Ohio lawmaker
A tentative deal aimed at stopping the United States government from defaulting on its debts would likely eliminate a proposed tax on the energy usage [...]
French lawmakers agree to loosen rules in proposed crypto influencer bill
French lawmakers have agreed to tone down the restrictions on a bill first proposed in March that would have severely restricted locally-registered cr [...]
Business News | Foreign Exchange Industry Calls for Clarity on Proposed 20 Per Cent TCS: Seeks Parity with Debit and Credit Cards
Foreign Exchange Industry calls for clarity on proposed 20 per cent TCS: Seeks parity with de [...]
Crypto, TradFi Broadly Welcome IOSCO’s Proposed Norms for Digital Asset Markets
While Bamra said DeFi norms, once released, “could help increase investor confidence, decrease exposure to risks, and encourage more consistent regula [...]
How the SEC’s Proposed Custody Rule for Crypto Comes Up Short for FAs
In 2003, the SEC amended the rule to keep up with technological advances in capital markets infrastructure, which have made virtually every aspect of [...]