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US Lawmaker Calls on SEC to Issue Crypto Regulations — Says ‘a Formal Regulatory Process Is Needed Now’ – Regulation Bitcoin News

boss Bitcoin News, News

A U.S. senator has called on the Securities and Exchange Commission (SEC) to issue crypto regulations now “through a transparent notice-and-comment regulatory process.” He stressed that “some digital assets are securities, others may be commodities, and others may subject to a completely different regulatory regime.” US Senator Calls for ‘Transparent Notice-and-Comment

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CFTC can issue summons through Ooki DAO’s help chat box, says judge

boss Exchanges, News

The United States Commodities Futures Trading Commission can serve members of the Ooki decentralized autonomous organization, or DAO, with summons through online communications, according to a federal judge.In an Oct. 3 order granting a CFTC motion, U.S. District Judge William Orrick said the commission could provide a copy of its

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US Court Authorizes IRS to Issue Summons for Crypto Investors’ Records – Taxes Bitcoin News

boss Bitcoin News, News

The Internal Revenue Service (IRS) has obtained a “court order authorizing summons for records relating to U.S. taxpayers who failed to report and pay taxes on cryptocurrency transactions.” The IRS commissioner commented: “The government’s ability to obtain third-party information on those failing to report their gains from digital assets remains

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U.S. IRS Can Issue Summons to Bank Serving Crypto Broker SFOX Customers in Search of Tax Evaders

boss Bitcoin News, News

“The government’s ability to obtain third-party information on those failing to report their gains from digital assets remains a critical tool in catching tax cheats," IRS Commissioner Charles P. Rettig said in a U.S. Department of Justice (DOJ) press release. "The court’s granting of the John Doe summons reinforces our

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South Korean authorities ask Interpol to issue ‘Red Notice’ for Do Kwon: Report

boss Cryptocurrency Market, News

South Korean prosecutors have reportedly requested Interpol intervene in their case against Terra co-founder Do Kwon by issuing a 'Red Notice' — suggesting global law enforcement agencies may attempt to find and detain him.According to a Monday report from the Financial Times, the Seoul Southern District prosecutors’ office said it

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Russia’s Sberbank to Allow Users to Issue NFTs on Its Blockchain Platform – Bitcoin News

boss Bitcoin News, News

Recognizing existing demand for non-fungible tokens, or NFTs, one of the largest banks in Russia, Sberbank, now intends to allow users to issue them on its blockchain platform. The financial institution also plans to cooperate with art sites and galleries across the country. Sberbank to Give Clients Opportunity to Mint

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