IRS, Ignoring Its Own Watchdog, Sends Letters About Crypto Taxes Once Again
Less than a year has passed since the IRS first sent taxpayers cryptocurrency "soft letters." Source
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UK Watchdog Eyes Extension of Money Laundering Risk Reporting to Crypto Firms
The Financial Conduct Authority is seeking to oblige more firms, including some working with cryptocurrency, to report how they manage the risks of financial crime. Source
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UK Financial Watchdog Grants Licenses to Archax and Gemini
The UK’s Financial Conduct Authority has granted operational licenses to two cryptocurrency exchanges operating in the country: digital security exchange Archax and the UK branch of the Winklevoss twins’ Gemini exchange.According to the Financial Conduct Authority (FCA) website, both Archax and Gemini Europe Services are currently registered in the U.K.
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Japanese Financial Watchdog Appoints New Commissioner
Japan’s Financial Services Agency (FSA) has officially announced it will hire Ryozo Himino as its next leader.In a July 20 update to the Financial Services Agency’s executive directory, Himino is now listed as the commissioner of the watchdog group. The regulator was formerly the agency’s International Financial Deputy Counselor and
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Consumer Watchdog Moves to Block Canadian Bitcoin Miner From US Power Grid
Consumer advocacy group Public Citizen is trying to stop Canadian bitcoin miner DMG Blockchain from plugging its mining rigs into the American power grid. In a letter published Thursday, the nonprofit implored the U.S. Department of Energy (DOE) to scrutinize, if not outright reject, DMG Blockchain’s bid to export U.S. electricity
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Japanese Financial Watchdog Frowns on Gambling Dapps
Regulators in Japan may be more inclined to approve new virtual currencies for trading if they have greater financial transparency and aren’t involved in gambling Dapps.According to a new report from Xangle Research on Japanese digital asset regulations, the country's financial watchdog, the Financial Services Agency (FSA), specifically says crypto
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UK Financial Watchdog Reminds Crypto Businesses to Register Ahead of Deadline
The United Kingdom's Financial Conduct Authority, or FCA, on Monday urged all national cryptocurrency businesses to submit their registration with the regulatory watchdog.According to the FCA’s statement, firms must submit completed applications by June 30. The regulator says that the anticipated deadline is necessary to ensure that all applications are
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Gibraltar Financial Watchdog Issues Warnings for Four Crypto Sites
[sociallocker id="55298"] On June 5 the Gibraltar Financial Services Commission, or GFSC, published four public warnings against cryptocurrency websites that claim to have an alleged license to operate in the territory.According to the authorities, www.askcurrency.org, www.findcurrency.org, www.arbitragecurrency.org, and www.etrustcoin.com have not been licensed or authorized by the GFSC — nor
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US Congressional Watchdog on Prototyping Smart Contracts
The supreme audit institution of the United States, the Government Accountability Office (GAO), posted two job positions with its Innovation Lab concerning the development of prototype applications for blockchain technology during March.Cointelegraph spoke to Chuck Young, the managing director of public affairs at GAO, to find out more about
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US Congressional Watchdog Quietly Reveals DLT Prototype Development
The United States Government Accountability Office’s (GAO) Innovation Lab posted ads for job positions to develop “use case prototypes” for blockchain technologies in late-March.GAO is the supreme audit institution of the U.S. government and provides evaluation and investigative services for Congress.GAO to explore prototype applications for DLTThe two positions
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