crypto regulation
Rep. Emmer Calls Crypto Taxes in US Infrastructure Bill a 'Desperate Attempt'
Rep. Tom Emmer of Minnesota discusses the updated draft of the U.S. Senate’s bipartisan infrastructure bill aiming to raise $28 billion via crypto taxes, which clarifies brokers "effectuate" transfers of digital assets but stops short of excluding miners or other parties that don't provide customer transactions. Plus, his take on Virginia Congressman Don Beyer proposing new legislation to regulate digital assets.
Senate Advances $1T Infrastructure Bill With Crypto Tax Provision
The Senate will vote Friday to move ahead with a $1 trillion bipartisan infrastructure bill which includes a plan to raise $28 billion from collecting a tax on crypto transactions over $10,000. “The Hash” hosts discuss the potential impact and implications.
Binance to Wind Down Derivatives in Europe, Malaysia Orders Closure
Binance’s regulatory woes worsened Friday as Malaysia ordered it to halt operations in the country. This comes amid news the world's largest crypto exchange plans to wind down futures and derivatives products across Europe. "The Hash" panel discusses the future of Binance as pressure grows from global regulators.
Key Takeaways From Tuesday’s Crypto Hearings
Congress held three simultaneous hearings around cryptocurrencies and their use cases on Tuesday. CoinDesk’s Nikhilesh De discusses the high-level takeaways, proposing the outlook for crypto regulation. Plus, whether there is a partisan divide among lawmakers in their discussions about crypto.
Tether Co-Founder: ‘Tokenization of Fiat Will Happen’
Amid the explosive growth of stablecoins, Tether co-founder William Quigley discusses why stablecoins are here to stay. “Every fiat currency, globally, of any significant economy, will be tokenized,” Quigley said. “There’s a lot of people in crypto who need a safe harbor …
Report: Turkey Plans to Present Law on Cryptocurrencies in October
The Turkish government plans to present a bill regulating cryptocurrencies to Parliament in October, Sabah reported. "The Hash" panel explores the potential scope for crypto regulation in Turkey and whether other countries are likely to develop their own crypto strategy. "While I do think that [Turkey] might be trying to protect consumers... I also do think it's more of a control thing," host Naomi Brockwell said.
SEC Commissioners ‘Disappointed’ in SEC Ruling on Crypto Firm Coinschedule
The SEC said Wednesday it had settled charges against Coinschedule.com operator Blotics for violating the anti-touting provisions of federal securities law. Still, commissioners Elad Roisman and Hester Peirce claim the regulator missed the chance to define which touted assets were securities.
Sen. Toomey: Regulators Should Not Impede the Development of Crypto
Pennsylvania Sen. Pat Toomey discusses the concerns over burdensome crypto regulations and the need for continued development of private digital currencies. “From a policymaker’s point of view, I want to make sure that we don’t impede the development of this really exciting, new category of innovation,” Toomey said. Plus, crypto investments and digital dollar.
Binance Facing Regulatory Warnings in Several Countries; Will There Be a Domino Effect?
Binance, the largest cryptocurrency exchange by volume, is facing warnings from financial regulators in Japan, the U.K., and Canada. “The Hash” panel breaks down what this means for Binance and other exchanges and why this will be a continuing story to watch.
WazirX CEO: India’s Crypto Industry Trying To Keep ‘Clean’ for Regulators
Crypto literacy of Indian regulators is evolving and crypto players are trying to keep industry clean via self-regulations, says Nischal Shetty of WazirX.