Regulators have waited too long to act on so-called stablecoins, to the point where exposure to schemes like that being run using Tether has infected the entire digital asset industry—and even beyond it.
The U.S. Securities and Exchange Commission said it will commence action against a group of well-known online "influencers" associated with the now-infamous BitConnect investment scheme.
China is shaking down the digital currency market, forcing mining companies in the country to make drastic changes in their operations.
BitMEX and its founders are facing a growing wave of legal action over what prosecutors and plaintiffs call a wholesale scheme to manipulate digital asset markets at the expense of its own customers.
Lael Brainard, a member of the Federal Reserve Board of Governors, recently spoke about the Federal Reserve’s approach and thoughts on the blockchain and digital asset industries.
In its latest statement, the Fed Reserve has confirmed that it’s publishing a discussion paper in the summer exploring the implications of the CBDC on the payments landscape.
Three U.S. agencies tasked with regulating digital currency could be about to join forces to form an “interagency sprint team” in order to better shape digital currency regulation.
New proposals being brought forward by the U.S. Treasury Department could see a new requirement to report digital currency transactions of over $10,000 to the IRS.
Michael Hsu has requested that staff at the OCC review their approach to digital currency, including updating its charter framework for banks and other institutions, and setting up a new Office of Innovation.
Figure Securities has been approved as a broker-dealer by the Financial Industry Regulatory Authority, with its blockchain-based trading system given the go-ahead by the U.S. SEC.
The body, which protects bank deposits in the U.S. via a compulsory insurance scheme for financial institutions, id looking for information on “current and potential digital asset use cases” for insured institutions.
The Safe Harbor for Taxpayers with Forked Assets Act seeks to protect taxpayers that own forked assets from any penalties and fees that the IRS may try to impose on them for holding those assets.
