US SEC Expected to Impose ‘Fair Amount’ of Regulation on Cryptocurrencies, Sa...
Former SEC Chairman Harvey Pitt says that he expects a “fair amount” of crypto regulation coming from the U.S. Securities and Exchange Commission (SEC) following the confirmation of the new chairman. Former SEC Chair Expects ‘Fair Amount’ of New Crypto Regulation Harvey Pitt talked about the future of cryptocurrency regulation under the new chairman, Gary Gensler, in an interview with Bloomberg Friday. Pitt is the American lawyer who served as the 26th chairman of the U.S. Securities and Exchange Commission (SEC), from 2001 to 2003. With the market debut of Coinbase....
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The U.K. government has announced plans to impose new rules on cryptocurrency ads to ensure they are fair, clear, and not misleading to consumers. The rules will be enforced by the Financial Conduct Authority (FCA).
UK to Impose New Rules on Crypto Ads
The U.K. government announced Tuesday plans to impose new rules on cryptocurrency advertisements to “protect consumers from misleading claims.” The announcement states:
New rules will increase consumer protection while encouraging innovation.
The U.K. chancellor of the exchequer, Rishi Sunak, commented:....
The Financial Crimes Enforcement Network (FinCEN) has announced that it will soon propose new regulation affecting cryptocurrency holdings at foreign exchanges. This proposal is separate from the one FinCEN recently proposed on cryptocurrency wallets. FinCEN’s New Crypto Rules FinCEN, a bureau of the U.S. Department of the Treasury, issued a notice on Thursday regarding a new filing requirement for cryptocurrencies. FinCEN detailed: Currently, the Report of Foreign Bank and Financial Accounts (FBAR) regulations do not define a foreign account holding virtual currency as a type of....
In Argentina, a provincial legislature has voted in favor of a bill to impose new taxes on gross incomes from crypto transactions. Cordoba’s central province is now the first one to impose crypto taxes in the country, which involves crypto exchange platforms and retail traders. Approved Tax Bill Grants a Definition of Cryptocurrencies According to CBA4N, the “Tax Law 2021” approved by the legislature seeks to tax people 4% to 6.5% on gross incomes from crypto-related transactions. Also, individuals or businesses who receive payments in cryptocurrencies “in exchange....
On Jan. 26, the center for innovations and technologies Digital October in Moscow hosted a conference dedicated to the Regulation of Cryptocurrencies in Russia. The event welcomed more than 250 participants - founders of Fintech startup companies, businesses interested in the integration of Blockchain technology into their operations, members of the Blockchain community and state authorities who are keeping their eyes on the trends in the development of this still bizarre phenomena. Confusing statements. Within the last few years, the problems surrounding the regulation of cryptocurrencies....
A study has been conducted regarding the role of market makers in operating and trading ETFs over the past few years, as well as investors’ understanding of these vehicles. The SEC is taking a very close look at all exchange-traded funds, and they might impose “enhanced attention” rules. Tightened regulation of funds could be on the horizon, which, if this proposal is approved, could end up affecting all Bitcoin ETFs on the market today. SEC Chairwoman Focuses on ETFs. According to SEC Chairwoman Mary Jo White, “recent events” are forcing the hand of the institution to potentially impose....