SEC Chairman Says Satoshi Nakamoto’s Innovation Is Real, Crypto Rules Are Clear – Regulation Bitcoin News
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New SEC Regulations Add Cryptocurrency Under Security-Based Swap Rules
The cryptocurrency industry might soon be flooded with different kinds of rules to checkmate its operations. The recent developments in the sector point towards a new SEC rule that will guide the security swaps occurring in many financial assets, including crypto. This information came from the SEC Chairman during a speech
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New rules could permit Korean gov’t to seize tax evaders’ crypto
South Korean legislators propose to revise tax codes so that tax authorities would be able to confiscate tax evaders’ crypto assets directly from their digital wallets.As per a report published on July 26, the proposal forms part of a wider, annual review of the country’s tax system. This year, faced
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SEC Chairman says cryptocurrency falls under security-based swaps rules
The Securities and Exchange Commission, or SEC, may soon issue new rules for the regulation and registration of security-based swaps, including cryptocurrency.In a speech to the American Bar Association Derivative and Futures Law Committee SEC Chairman Gary Gensler laid out the changes coming to security-based swaps over the next year.
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New digital dispute rules aim to keep crypto disagreements out of court
A British government-sanctioned task force has proposed a dispute resolution framework that would keep cryptocurrency and smart contract disagreements out of the courts. A 14-page report published by LawTechUK’s UK Jurisdiction Taskforce puts forward new “Digital Dispute Resolution Rules” that aim to provide a standardized means of dealing with smart
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Thai SEC consults public on crypto investor income rules
The Securities and Exchange Commission of Thailand has launched a public consultation on proposed cryptocurrency investor qualification rules.According to an official announcement Thursday, the Thai SEC is now seeking public comments on proposed qualifications for crypto investors including certain income and trading experience requirements.As part of the initiative, the Thai
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Industry Group Says Hong Kong’s Proposed Crypto Rules Could Drive Traders Underground
Hong Kong’s plan to restrict cryptocurrency investment to professionals means retail investors could move to unlicensed venues, said Global Digital Finance. Source
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Concerns Regarding FinCEN’s Proposed Rules – Blockchain News, Opinion, TV and Jobs
by Peter Smith, Last week I sent a letter on behalf of Blockchain.com to Treasury Secretary Steve Mnuchin (embedded below), outlining my concerns regarding FinCEN’s anticipated rules related to self-custodied wallets. Since then, FinCEN released a set of proposed rules that has been widely commented on in the crypto space. The good news is that
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Curacao Introduces Strict Control Rules for Online Casinos
A major requirement of the reform package is the creation of a transparent and legal online casino sector.While Denmark has announced a new licensing phase, Curacao has begun reforming its online gambling sector. This is the subject of a letter from Raymond Knops, Deputy Home Secretary for the Kingdom. The legislation
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