CryptoSlate
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US court says IRS has legal authority to access Coinbase users’ trading data
A federal court ruled that the IRS has the legal authority to access Coinbase users’ trading data via a “John Doe” summons, and...
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US lawmakers introduce bill to prevent digital dollar pilot program
U.S. lawmaker Alex Mooney has introduced a new bill, the Digital Dollar Pilot Prevention Act, which aims to ban the government from launching a...
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CFTC issues digital asset clearing warning; agency member calls for rulemaking
The U.S. Commodities and Futures Trading Commission (CFTC) issued a warning about risks related to the clearing of digital assets on May 30....
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CoinEx takes advantage of Hong Kong rules following U.S. regulatory woes
CoinEx announced on May 29 that it will open a new cryptocurrency exchange for Hong Kong users that will operate under the name...
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Is the US 30% Bitcoin mining tax dead?
In a significant turn of events, the controversial Digital Asset Mining Energy (DAME) excise tax was not included in the latest Fiscal...
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Russia backtracks from plan to create national crypto exchange
Russia is no longer moving forward with its plans to create a national crypto exchange. Instead, it will focus on formulating rules that will...
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Binance CEO highlights timing of Beijing’s web3 white paper amid China, Hong Kong crypto regulatory changes
On May 27, Beijing released an “Internet 3.0 Innovation and Development” white paper outlining advancements and support for Internet...
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Gemini and Genesis seek to dismiss SEC lawsuit over defunct Earn product
Gemini and Genesis have asked a judge to dismiss an SEC lawsuit concerning its Earn product, according to developments on May 26 . Genesis says...
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UK Prime Minister Rishi Sunak considering new rules to regulate AI amid concerns of ‘existential threats’
UK Prime Minister Rishi Sunak aims to update his government’s guidelines around regulating artificial intelligence (AI) and its development,...
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Binance, Gulf Innova joint venture bags digital asset operator license in Thailand
Thailand’s Ministry of Finance has granted a digital asset operator license to the joint venture between Binance and Gulf Innova, the...
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US Congressmen urge SEC to keep definition of ‘qualified custodian’ unchanged
Congressmen Michael Flood and Ritchie Torres wrote to SEC Chair Gary Gensler, urging him to keep custody rules unchanged. In February, the U.S....
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EU watchdog does not deem crypto link to TradFi ‘significant’ to pose systemic risk yet
The European Systemic Risk Board (ESRB) said the crypto sector does not pose any systemic risks to the real economy for now as its current links...
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ECB’s Panetta deems digital euro necessary to ensure central bank money dominance
ECB board member Fabio Panetta said the digital euro is necessary as people are increasingly turning to digital currencies and there is a...
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Hong Kong SFC eases requirements as exchanges face crypto talent crunch
Hong Kong is gearing up to usher in a new regime for virtual asset regulation. The Securities and Futures Commission (SFC) published the...
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Coinbase asks for mandamus against SEC, continues to demand rulemaking
Coinbase is still asking the U.S. Securities Exchange Commission to engage in rulemaking via the legal system, an executive said on May 23 ....