Bakkt launches first U.S.-regulated BTC options and cash-settled futures, while CEO is set to become a senator. What does it mean for crypto? Earlier this week, institutional Bitcoin (BTC) futures platform Bakkt launched two new financial products: the first United States-regulated BTC options and cash-settled futures. The announcement came just three months after the project…
Read more
Cryptocurrency lending firm BlockFi announced that it obtained a money transmission license in the United States member state of Washington. Cryptocurrency lending firm BlockFi announced in an email that it obtained a money transmission license (MTL) in the state of Washington in the United States. The firm explained that the license will allow BlockFi to…
Read more
CA State Assembly Majority Leader pushes for legal certainty of blockchain in California, shares plans for moving forward at Elev8CON. Speaking at Elev8CON in Las Vegas on Dec. 10, Majority Leader of the California State Assembly Ian Calderon discussed plans to bring greater legal certainty for blockchain technology to the State of California. California is…
Read more
South Korea’s government plans to tax capital gains returns on cryptocurrency transactions. The South Korean government plans to tax capital gains on cryptocurrency transactions. A Dec. 9 report from The Korea Times reveals that a revised bill to introduce the measure will be drawn up by the country’s Ministry of Economy and Finance by the…
Read more
The U.S. SEC asked the U.K. authorities to force Telegram’s former chief investment advisor to testify in Grams tokens offering case. The United States Securities and Exchange Commission (SEC) asked the High Court of England and Wales to force Telegram’s former chief investment advisor John Hyman to testify in the case over the firm’s Grams…
Read more
CryptoBridge DEX went out with a bang, citing market conditions and increased regulations. Should others be worried? Earlier this week, decentralized cryptocurrency exchange CryptoBridge abruptly announced that it was shutting shop, leaving just two weeks for its customers to retrieve their funds. Around the same time, the Waves DEX also shut down to resume operations…
Read more
By 2030, the demand for alternative currencies will rise, with digital currencies eventually replacing cash, according to recent research from Deutsche Bank. By 2030, the demand for alternative currencies will rise, with digital currencies eventually replacing cash, according to recent research from Deutsche Bank. In the “Imagine 2030” report, Deutsche Bank strategist Jim Reid raised…
Read more
A panel including U.S. Treasury Secretary Steven Mnuchin and SEC and CFTC chairs voiced concerns about stablecoins becoming more popular in the future. A panel of senior financial regulators in the United States has warned the public about the purported risks of stablecoins and cryptocurrencies. A report issued on Dec. 4 by the Financial Stability…
Read more
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…
Read more
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…
Read more
