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Regulation
‘Crack Down’ on Crypto? Maybe, but You Can’t Ban Math
On-ramps like crypto exchanges are already regulated, and rightly so, thwarting would-be sanctions evaders. Outlawing code would be unconstitutional and ultimately futile.
Chainalysis Exec: ‘Unlikely’ That Russia Is Evading Sanctions Through Crypto
As U.S. lawmakers push the Treasury Dept. to ensure Russia is not evading sanctions with crypto, Salman Banei, Chainalysis head of public policy for North America, responds to the concern, emphasizing the transparency of open blockchain networks. Banei explains how Chainalysis tackles mixers and other DeFi protocols in its cross-chain monitoring.
Is the IRS Exploring NFTs as a Tax Revenue Source?
Nik De, CoinDesk managing editor for Global Policy and Regulation, joins “First Mover” to provide the latest update in an ongoing lawsuit against the Internal Revenue Service regarding income taxes for staked cryptocurrency on the Tezos blockchain. Plus, a discussion on whether the IRS could be looking into NFTs for tax revenue, and why Ukraine’s minister for Digital Transformation canceled the proposed crypto airdrop.
UK FCA Opened Over 300 Crypto-Related Cases in 6 Months of 2021
The regulator has 50 live investigations into businesses that have not registered with it.
SEC Probing NFT Market: Report
At issue is whether certain tokens should be considered securities and thus regulated.
Putin Is Temporarily Banning Foreigners From Pulling Money Out of Russia
The ban will reportedly go into effect on Wednesday.
Binance Assembles Sanction Task Force; India Seeks Bitcoin Clarity
Russian soldiers offered crypto for surrender. Binance working to comply with sanctions on Russia. India’s Supreme Court asks government for answer on crypto legality. We’ll have more on those stories and other news shaping the cryptocurrency and blockchain world in this episode of “The Daily Forkast.”
European Parliament Postpones Vote on Crypto Regulations Indefinitely
A leaked draft has drawn criticism for including a provision that sought to ban the use of cryptocurrencies that rely on proof-of-work.
Biden to Impose Additional Sanctions on Russia
Nikhilesh De, CoinDesk Managing Editor for Global Policy and Regulation, discusses the geopolitical implication of Russia’s recent invasion of several Ukrainian cities, looking at the possibility for increased sanctions on Russian banks and oligarchs. Plus, a look into how NATO allies might respond to the situation.
China’s Supreme Court Targets Illegal Fundraising Via Crypto Transactions
The ruling paves the way for violators to be criminally prosecuted, with a punishment of up to 10 years in prison and fines of up to $79,000.
