Regulation
How to survive an IRS crypto tax audit
The US Internal Revenue Service is taking a hard look at cryptocurrency transactions to crack down on tax dodgers. How can crypto holders protect themselves?
Shannon Retzke Smith
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Regulation
The US Internal Revenue Service is taking a hard look at cryptocurrency transactions to crack down on tax dodgers. How can crypto holders protect themselves?
Shannon Retzke Smith
Regulation
Three U.S. agencies released a joint statement outlining a plan to fast-track crypto-asset regulation in 2022.
Jeanhee Kim
Regulation
Dunamu — the owner of Upbit, South Korea’s largest cryptocurrency exchange — became a shareholder of Woori Bank, one of the largest banks in South Korea. Fast facts Dunamu purchased 1% of Woori Financial from Korea Deposit Insurance Corporation, which recently put 9.3% of its shares in Woori on auction. Another 4% went to Eugene […]
Danny Park
Regulation
Citigroup is looking to enter the race toward crypto offerings by hiring 100 people for its blockchain and digital assets division, according to a Bloomberg report. Fast facts The firm has appointed Puneet Singhvi as the head of digital assets for its institutional clients group (ICG), the report said. Singhvi used to head blockchain and […]
Monika Ghosh
Regulation
More provinces in China are taking serious actions to crack down on crypto mining following the all-out ban announced on Sept. 24 by the country’s top authorities. Fast facts Southeast China’s Fujian provincial development and reform commission on Friday held a video conference meeting with local authorities to clarify their responsibilities and pledged to “clear […]
Timmy Shen
Regulation
Inner Mongolia police bust yet another digital yuan money laundering case.
Timmy Shen
Regulation
As the Indian government is due to introduce crypto legislation for discussion in the Parliament next week, Indian banks are cautioning customers against investing in crypto. Fast facts According to a report by the Economic Times, HDFC, Axis and ICICI banks have sent emails to customers warning them about the risks of investing in crypto […]
Monika Ghosh
Regulation
The Scandinavian country is concerned with potential environmental harm, while the debt-laden SE Asia nation seeks to regulate.
Timmy Shen
Regulation
More than 85 members of the WEF Digital Currency Governance Consortium contributed eight white papers on CBDC and stablecoins.
Jocelyn Yang
Regulation
The securities markets regulator ordered $3.85B in fines, while new actions included ‘emerging threats’ in the crypto industry.
Michelle Lim