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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied The US Treasury Department recently revealed a proposal outlining new tax rules for the cryptocurrency industry. Among the updates is the introduction of a 1099 form for crypto transactions. The new guidelines also clarify tax
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United States Republican Patrick T. McHenry, Chair of the House Financial Services Committee, has released a statement calling for the need to
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The lower house of India’s parliament voted in approval of a bill that will ease data compliance regulations for Big Tech companies, according to a report from Bloomberg. On Aug. 7, the legislation that was approved by the house will ease storage, processing and transfer standards for major global tech companies
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Stablecoins, such as USDC, could face a complex situation if a new national defense bill approved by the US Senate becomes law. The 2024 National Defense Authorization Act could introduce new KYC and anti-money laundering requirements
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Circle’s USD Coin (USDC) and other stablecoins could potentially face a compliance nightmare if a new national defense bill that passed in the United States Senate makes it all the way.In a July 31 investment note seen by Cointelegraph, Berenberg analyst Mark Palmer explained that a recent amendment to the
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After the financial crisis, there was a significant period of reform in financial markets, where we gave preference to price stability products that worked properly, such as government money market funds or stable value funds, and penalized, restricted, or increased capital for those which did not work properly, such as
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied The U.S. Senate has approved the 2024 National Defense Authorization Act (NDAA). The bill included a provision to strengthen regulatory scrutiny of financial institutions involved in crypto trading, particularly mixers and anonymity-enhancing tokens, focusing on
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied The U.K. Parliament is currently reviewing the Online Safety Bill (OSB) as a means of internet regulation. If approved, the government would be authorized to mandate messaging companies to create backdoors and require detailed reports of users’ online
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United States banking advocacy group, Bank Policy Institute, has backed Senator Elizabeth Warrens’ legislation aimed at tackling financial crime, which she first introduced several months ago.According to a July 28 Bloomberg report, Warren reintroduced the bill – titled 'Digital Asset Anti-Money Laundering Act of 2023' – on July 28, along with West
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The United States Senate passed the 2024 National Defense Authorization Act (NDAA) worth $886 billion on July 27. The bill includes a provision targeting crypto mixers, anonymity-enhancing coins and institutions engaging in crypto trading.The NDAA is a bill that helps authorize how the country’s defense department can utilize federal funding.
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