Crypto and Laws
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Federal Reserve Chair urges everyone to factor inflation into financial decisions during Jackson Hole speech
Federal Reserve Chairman Jerome Powell urged households and businesses to factor inflation into financial decisions as it will take time and...
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Taliban bans crypto in Afghanistan and arrests defiant crypto dealers
The Taliban has seized virtually all of Afghanistan. The Taliban reentered power last year as American troops completed their withdrawal from the...
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Japan’s new crypto tax reform, good news for traders?
Japan has announced that it is making a new reform that will change the taxation system for the crypto sector. According to several media houses...
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Japan might be lowering tax burdens on crypto startups in 2023
The Japanese Government indicated a possibility of reducing the tax burdens on crypto startups with the 2023 tax reform to prevent startups from...
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Binance helping Philippines on crypto regulation despite contentions with SEC
The Philippines Securities and Exchange Commission (SEC) warned users in early August against investing with Binance but despite their contentious...
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US Congressman urges Treasury to provide further clarity related to Tornado Cash sanctions
U.S. Congressman Tom Emmer has called on the Treasury Department to clarify issues relating to the sanction against Tornado Cash. In a letter...
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ASIC pledges to tackle illegal crypto activities
Australia’s Securities and Investments Commission (ASIC) has announced that it will turn its complete focus on the digital asset space over the...
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Crypto community balks at SEC Chair Gensler’s assertion that regulation for capital markets, crypto should be same
A recent tweet from SEC Chair Gary Gensler clarified his position on crypto markets, saying they should be treated the same as other capital...
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Former OpenSea exec claims insider trading laws cannot apply to NFTs
Former OpenSea sea executive Nate Chastain has filed a motion asking a U.S. district court to dismiss insider trading charges levied...
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Australia plans to implement token mapping amid intensified efforts to regulate crypto industry
The Australian government announced plans to token map all digital assets in its crypto asset sector as it intensifies efforts to protect...
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South Korea may levy up to 50% ‘gift tax’ on crypto airdrops under current law
South Korean officials have interpreted existing laws to mean c rypto airdrops may be subject to “gift tax,” according to local media...
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Australia to begin world’s first “token mapping” for regulation
The Australian government is set to debut the world’s first token mapping of digital assets, from Dogecoin to Bitcoin, as part of an audit to...
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FDIC serves five crypto firms with cease and desist orders
The Federal Deposit Insurance Corporation (FDIC) has slammed served five companies dealing in digital assets with cease and desist orders....
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FDIC sends 5 companies, including FTX.US, cease and desist letters for making false statements about deposit insurance
The Federal Deposit Insurance Corp. (FDIC) said Aug. 19 that it has issued letters demanding Cryptonews.com , Cryptoytosec.info ,...
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South Korea to block 16 unregistered foreign crypto exchanges
South Korea’s Financial Services Commission (FSC) reported 16 foreign crypto exchanges to investigative agencies for violating the Specific...