Georgia Governor Brian Kemp is expected to appoint Kelly Loeffler, CEO of Bitcoin futures platform Bakkt, for a United States Senate seat next week. Georgia Governor Brian Kemp is expected to appoint Kelly Loeffler, CEO of institutional Bitcoin (BTC) futures platform Bakkt, for a United States Senate seat next week. Atlanta’s local news outlet AJC…
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A California federal court has affirmed the legitimacy of the U.S. tax authorities’ summons for data from crypto exchange Bitstamp in connection with an individual tax reporting case. A California federal court has affirmed the validity of the United States Internal Revenue Service’s (IRS) request for data from crypto exchange Bitstamp in connection with an…
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Next year is to be crucial for the crypto industry in Europe, when the EU Fifth Anti-Money Laundering Directive will be transposed into the national legislation of each EU member state. In January 2020, the regulatory landscape for crypto businesses will completely change in the European Union in comparison with the last decade — and…
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Russia is allegedly preparing a ban on the use of cryptocurrencies to pay for goods and services. Russia is allegedly preparing a ban on the use of cryptocurrencies to pay for goods and services. A report from Izvestia on Nov. 29 cites several sources allegedly familiar with ongoing discussions at the country’s central bank, financial…
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Bitcoin traders can use Bitcoin price drops to reduce their tax liabilities. After many countries around the world such as the United States, the United Kingdom, France, and Portugal published their own cryptocurrency tax guidelines this year, it is only reasonable they will expect to see an increase in crypto tax filing. They may even…
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At least five Chinese crypto exchanges have halted or chosen to terminate operations this month in response to a perceived hardening of Beijing’s anti-crypto stance. At least five Chinese cryptocurrency exchanges have halted or chosen to terminate operations this month in response to a perceived redoubling of Beijing’s anti-crypto stance. Exchange operator Bitsoda informed the…
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Major American cryptocurrency exchange Coinbase has been awarded a patent for a system that identifies and flags non-compliant accounts. Major American cryptocurrency exchange Coinbase has been awarded a patent for a system that identifies and flags non-compliant accounts. A filing with the United States Patent and Trademark Office on Nov. 19 details a system containing…
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Stock and cryptocurrency trading platform Robinhood has withdrawn its bank charter application with the U.S. Office of the Comptroller of the Currency. Stock and cryptocurrency trading platform Robinhood has withdrawn its bank charter application with the Office of the Comptroller of the Currency. As CNBC reported on Nov. 27, Robinhood voluntarily decided to withdraw its…
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In a recent development in the SEC case against Telegram, a judge preserved the regulator’s motion to strike Telegram’s void for vagueness defense. A United States federal judge has preserved the Securities and Exchange Commission’s (SEC) move to strike Telegram’s “void for vagueness/lack of notice” defense. According to a letter dated Nov. 25, the SEC…
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The Indian government is working on a national blockchain strategy in order to spur further adoption of the technology in the country. The Indian government is working on a national blockchain strategy in order to expand the technology’s adoption in the country. As the India Times reported on Nov. 27, India’s Ministry of Electronics and…
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