The chairman of Minsheng Bank predicts that blockchain technology will transform the Chinese economy in the next decade. Digital transformation is a national priority for China, and it’s being integrated into both enterprise and banks and other services industries. According to a Feb. 4 report from Economic Information Daily, chairman of Minsheng Bank Hong Qi…
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The United States Marshals Service, a federal law enforcement agency within the U.S. Department of Justice, will auction off 4,040 bitcoins. The United States Marshals Service (USMS), a federal law enforcement agency within the U.S. Department of Justice, will auction more than 4,000 confiscated Bitcoins (BTC). According to the official USMS website, the authority is…
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Cointelegraph’s list of the top-10 U.S. congresspeople playing outsized roles in the crypto and blockchain industries. Following a year that has seen unprecedented interactions between United States legislators and the crypto industry, Cointelegraph has compiled a roster of congresspeople who have established stances and policies for blockchain and cryptocurrency that will shape the future of…
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The Commission de Surveillance du Secteur Financier of Luxembourg has spotted another unregistered crypto company. Major European financial regulator, Luxembourg’s Commission de Surveillance du Secteur Financier (CSSF), has spotted another unregistered crypto company. The firm, Crypto Bull, operating under the url crypto-bull.io, claims to be based in Luxembourg while it does not have permission to…
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At a congressional hearing on digital payments, U.S. Representative Emmer expressed fear over stifled crypto innovation. In a Jan. 30 congressional hearing on mobile payments, U.S. Representative Tom Emmer fears criticism of digital payment innovation may stifle progress. Emmer laid out his concerns over regulation smothering innovation: “There’s a whole environment out there of brilliant,…
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At a hearing before Congress today on the rise of alternatives to cash, crypto took centerstage, with many representatives clearly invested in learning more about the space. Congress clearly has crypto on the brain, with the question of regulation being a matter of when. At a Jan. 30 hearing before the Fintech Task Force, a…
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Coinbase Custody and Bison Trails have joined the Proof of Stake Alliance, an organization lobbying for better tax and regulatory treatment of staking rewards. Coinbase Custody and Bison Trails have joined the ranks of the Proof of Stake Alliance (POSA), a Jan. 30 press release announced. Together with the alliance, they will advocate for the…
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United States presidential candidate Andrew Yang talked about cryptocurrency regulations during a recent interview. United States Democratic presidential candidate Andrew Yang talked about cryptocurrency regulations ahead of the upcoming caucuses in the state of Iowa. During an interview with Bloomberg Politics on Jan. 29, Yang said that there needs to be a uniform set of…
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All you need to know for Crypto Tax Season 2020: new guidance, rules, nuances. Be ready to inform the IRS about your crypto. It’s here! The United States tax season officially started on Jan. 27, and this time, crypto tax is in the spotlight. Following developments that culminated in the Internal Revenue Service publishing new…
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The Israeli Securities Authorities seeks public input to identify pain points in blockchain regulation and identify clear advantages to the sector’s development. The Israeli Securities Authority (ISA) has issued a Jan. 20 Request For Information to identify potential regulations that prevent the development of blockchain-based ventures in the country. In addition, the regulator seeks to…
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