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The framework, which was approved in August, ensures "the collection and automatic exchange of information on transactions for relevant crypto," the report said. The definition of crypto assets "includes assets that can be held and transferred in a decentralised manner, without the intervention of traditional financial intermediaries, including stablecoins, derivatives
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United States Senators Marsha Blackburn and Cynthia Lummis have introduced proposed changes to a 2015 bill that would allow “voluntary information sharing of cyber threat indicators among cryptocurrency companies.”According to a draft bill on amending the Cybersecurity Information Sharing Act of 2015, Blackburn and Lummis suggested U.S. lawmakers allow companies
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The United States Securities and Exchange Commission, or SEC, and the Commodity Futures Trading Commission, or CFTC, have called for comments on a proposal which would require large advisers to certain hedge funds to report exposure to crypto.In a joint proposed rule published to the Federal Register on Sept. 1,
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The United States Securities and Exchange Commission, or SEC, and the Commodity Futures Trading Commission, or CFTC, has proposed requiring large advisers to certain hedge funds to report any exposure to digital assets.In a Wednesday notice, the SEC and CFTC proposed amending their confidential reporting form for certain investment advisers
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The back-and-forth over how “broker” will be defined, as well as the challenges of implementing a reporting regime, are likely to blame for the potential delay. However, no final decision has been made on whether the reporting requirements will be delayed or, if they are, how long the delay will
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The provision in the U.S. infrastructure bill signed into law in November, which will require financial institutions and crypto brokers to report additional information, could reportedly be delayed.According to a Wednesday report from Bloomberg, the United States Department of the Treasury and Internal Revenue Service may not be willing to
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The requirement, which will take effect in 2024, requires U.S. taxpayers who receive over $10,000 in cryptocurrency to report the social security numbers and other personal information of the sender. The provision was one of several included in a 2021 infrastructure bill, which also included a controversial crypto tax reporting
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Attempting to include decentralized finance (DeFi) applications could also be premature, Zlatkin said. “Maybe we should wait until they fit the parameters more readily,” he said, citing DeFi systems that don’t have anyone who could be deemed in control, and maybe don’t even see themselves as having customers. “We should
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The government of Kazakhstan has laid out new reporting requirements for cryptocurrency mining operators with a keen eye on how the industry's energy usage affects the local power grid.The order published by the country’s Minister of Digital Development earlier this week compels digital mining businesses to provide comprehensive information 30
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Earlier in April, a project by Block, Blockstream, and Tesla project revealed plans to publish real-time mining data. Original Source
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