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Crypto Frontline

Regulation

The British HMRC Updates Cryptocurrency Taxation Guidelines

The British HMRC Updates Cryptocurrency Taxation Guidelines

  Her Majesty’s Revenue and Customs (HMRC), the UK’s tax, payments, and customs authority, made an important announcement on November 1st when it updated its cryptocurrency taxation guidelines for businesses and individuals. Just last month we’ve talked about how the US IRS had done something similar, and now the tax agency

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US Congress Proposes a Bill for Stablecoins

US Congress Proposes a Bill for Stablecoins

  Things don’t settle when it comes to cryptocurrency regulation proposals, and despite focused on an impeachment inquiry into Donald Trump, the US Congress found enough time to introduce a bill related to stablecoins – cryptocurrencies pegged to the value of a fiat currency. Last week, Mark Zuckerberg, founder and

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Telegram’s Network Launch Hijacked by the US SEC

Telegram’s Network Launch Hijacked by the US SEC

  Telegram had been in the center of attention during 2018, when it managed to raise $1.8 billion from private investors, placing it second in the top largest private ICOs. Telegram Group Inc., the company behind the project, was aiming to move forward with the project and launch the Telegram

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The US IRS Provided Crypto Taxation Guidelines

The US IRS Provided Crypto Taxation Guidelines

  We continue to see scrutiny when it comes to cryptocurrencies and the IRS had recently come with guidelines on how it plans to tax cryptocurrency-related incomes. Even though such a move was highly expected by market participants who want to be in compliance with the law, the information available

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US Congress and SEC Set Crypto Hearing on Sept 24, 2019

US Congress and SEC Set Crypto Hearing on Sept 24, 2019

  It looks like the scrutiny on cryptocurrencies continues, with the United States House of Representatives Committee on Financial Services scheduling a new hearing titled “Oversight on the Securities and Exchange Commission: Wall Street’s Cop on the Beat” for September 24th. The SEC’s chairman Jay Clayton, who had been very

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Fed’s Chairman Hints at Crypto Regulation During Swiss Forum

Fed’s Chairman Hints at Crypto Regulation During Swiss Forum

  On September 6th, the Fed’s Chair Jerome Powell attended a forum sponsored by the Swiss Institute of International Studies, where the issues of cryptocurrency regulation, Facebook’s Libra, and state-own digital assets had been discussed. Although the world had been waiting for his speech in expectations for some hints about

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US Delegation Issues Statement After Switzerland Visit on Libra

US Delegation Issues Statement After Switzerland Visit on Libra

  Congresswoman Maxine Waters is currently leading a delegation of US lawmakers in Europe and the Middle East during the Congressional recess, with the main purpose of finding more about the Swiss-headquartered Libra Association will issue and manage to Libra cryptocurrency. Since the project had been officially confirmed by the

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Bitwise CEO Confident the SEC Will Approve Crypto ETFs

Bitwise CEO Confident the SEC Will Approve Crypto ETFs

  The last few months had been dominated by Facebook’s Libra coin and the market’s attention moved away from cryptocurrency-related ETFs being launched in the United States. With the Securities and Exchange Commission constantly delaying decisions on ETF proposals, the cryptocurrency bull run had been fueled by other reasons, including

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UK Data Protection Body Issues Libra Concerns

UK Data Protection Body Issues Libra Concerns

  The United Kingdom Information Commissioner’s Office is the last important regulator on the list of agencies concerns about Facebook’s Libra project. On August 5th, the Commissioner issued a joint statement on global privacy expectations of the Libra network, addressing to all 28 companies that are behind the Libra and

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G7 Members Take a Tough Stance on Libra

G7 Members Take a Tough Stance on Libra

  During the informal G7 talks held in Chantilly, north of Paris, the group of seven finance ministers and central bankers agreed that digital currencies such as Facebook’s Libra must be regulated in order to ensure that they do not pose any significant threat to the global financial system. Facebook

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