On December 10th, the U.S. Department of Justice announced that BitClub Network was actually a $722 million-worth crypto scheme and just recently, authorities in New Jersey had arrested three men who are assumed to be important figures from the company, according to Cointelegraph. If Chinese Authorities announced inspections for crypto
Latest Regulation News at Crypto Frontline
The scrutiny surrounding the Facebook Libra project is not over yet, and proposed regulation for stablecoins might represent another important roadblock for the company. On October 28th we’ve talked about the “Stablecoins Are Securities Act of 2019”, a piece of legislation proposed on a bipartisan way that will place some
Even though most of the attention is focused on China and some of its activities to crack on cryptocurrencies, it seems like Switzerland is another country currently asking for better regulation when it comes to blockchain. The Federal Council of Switzerland, which acts as the main executive governing body, made
As time passes the idea of central bank digital currency (CBDC) continues to gain traction and the United States Federal Reserve is among the public institutions exploring this new concept. Just recently we’ve seen how the US major bank JP Morgan, in partnership with Singapore’s MAS, revealed a new blockchain
A few weeks ago, enthusiasm was fueled by an assumed change in the stance of China’s approach towards cryptocurrencies. Even though authorities had made it clear already that they’re interested in the blockchain technology and not cryptocurrencies, some crypto enthusiasts now have to take another hit, following the latest reports
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 from
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 CEO
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 Open
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 on
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 downbeat
