Regulation
CZ bites back at Binance probe sensationalism — ‘Anyways. Back to work’
Yet another U.S. regulatory probe of leading crypto exchange Binance is underway, but CEO Changpeng Zhao isn’t impressed with news headlines.
Graham Smith
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Archived coverage · Forkast crypto archive
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Regulation
Coinsource wins Alaska Bitcoin ATM license
Bitcoin ATM provider Coinsource is expanding in Alaska after receiving the state’s first and only Alaska Money Transmitter License. Coinsource joins four other operators of Bitcoin ATMs — known as BTMs — in Alaska, none of which have such a license. The Alaska Division of Banking and Securities license provides a guarantee that money transmitters […]
Forkast.News
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Regulation
DBS Private Bank launches crypto trust offering
Singapore’s DBS Private Bank has announced the launch of Asia’s first bank-backed trust offering for cryptocurrencies. The service, operated via the lender’s wholly-owned licensed trust subsidiary, DBS Trustee, allows clients to invest, custodize and manage their digital assets. The service will handle only those cryptocurrencies hosted on the DBS Digital Exchange — Bitcoin, Ether, Bitcoin […]
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Regulation
Binance faces U.S. probe amid money-laundering, tax suspicions
Binance, the world’s biggest cryptocurrency exchange, is being investigated by the U.S. Department of Justice and Internal Revenue Service over alleged illegal activities. Officials responsible for investigating money laundering and tax breaches have interviewed individuals familiar with Binance’s activities, according to a report by Bloomberg. In March, the U.S. Commodity Futures Trading Commission said it […]
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Regulation
Facebook reins in crypto ambitions with Diem stablecoin plan
Facebook’s much-anticipated foray into cryptocurrency has got off to a modest start, with the project it is backing confirming that it will launch a stablecoin pegged to the U.S. dollar. The social media giant had announced ambitious plans to launch a global digital currency named Libra in partnership with Visa and PayPal in 2019, but […]
Forkast.News
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Regulation
US dollar dominance waning as CBDCs enter global spotlight
Global US dollar reserves touched a 25-year low in Q4 2020, according to a new IMF report. Will a digital euro and e-RMB muscle in?
Graham Smith
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Regulation
U.S. SEC takes crypto regulator crown with enforcement action tally
The United States’ Securities and Exchange Commission has emerged as a top cryptocurrency regulator, bringing 75 enforcement actions and 19 trading suspension orders between July 2013 and 2020, according to a study by Cornerstone Research. “In the last seven years or so, the SEC has established itself as one of the main regulators policing the […]
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Regulation
Indonesia eyes crypto trade tax as sector heats up
Indonesia’s tax authority is studying a proposal to tax cryptocurrency trading as interest in digital currencies gains momentum among local investors. Directorate General of Taxes spokesman Neilmaldrin Noor was quoted by Reuters as saying, “If there is a profit or capital gain generated from a transaction, the profit is an object of income tax. So […]
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Regulation
China’s new digital yuan wallet with fingerprint ID causes privacy worries
Chutian Dragon and IDEX Biometrics offer DCEP digital currency wallets with fingerprint recognition. The companies say the feature enhances security.
Kelly Le
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Regulation
Indian crypto standoff takes toll on investment despite hopes for solution
Cryptocurrency investment in India has reportedly slowed to a trickle as both investors and cryptocurrency exchanges grapple with banks’ refusal to accept digital currency transactions. Despite the face-off, industry executives are hopeful that banking support will resume soon, according to a report by Moneycontrol. As reported by BloombergQuint, most crypto exchanges, including WazirX, CoinDCX, Zebpay, […]
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