Cryptocurrency Analysis and News Portal
The South Korea-based cryptocurrency exchange Bithumb is under a “special tax investigation” by the country’s National Tax Service (NTS), according to local reports.On Jan. 10 tax agents raided the exchange’s headquarters in the country’s capital city Seoul as a part of a compliance investigation. The investigation was carried out by
Read More
The Federal Reserve, the Federal Deposit Insurance Corporation (FDIC), and the Office of the Comptroller of the Currency (OCC) have jointly issued warnings about crypto risks to banking organizations. “The agencies have significant safety and soundness concerns with business models that are concentrated in crypto-asset-related activities or have concentrated exposures
Read More
The crypto space received more regulatory attention through the end of 2022. The collapse of one of the largest global digital asset exchanges brought massive losses to the industry. This event spurred several watchdogs to express concerns and issue warning on cryptocurrency engagement. Some US Federal regulators have recently commented on
Read More
New York regulators announced on Jan. 4 that cryptocurrency exchange Coinbase will pay a $50 million fine and invest a further $50 million in its compliance program, following a settlement with the New York State Department of Financial Services. The fine was issued after regulators found the company had allowed customers
Read More
The joint warning statement by United States regulatory agencies is in line with Biden’s directive on the healthy adoption of blockchain technology and digital assets.Top United States regulatory agencies – including the Board of Governors of the Federal Reserve System (Federal Reserve), the Federal Deposit Insurance Corporation (FDIC), and the
Read More[sociallocker id="55298"] Bitcoin (BTC) exchange-traded funds, or ETFs, have faced unfair pushback from U.S. regulators, according to VanEck director and digital asset specialist Gabor Gurbacs. "There's a persistent double standard against Bitcoin and digital assets, which I think is wrong," Gurbacs told host Max Keiser on a recent episode of the
Read More