US Federal Reserve to publish research paper as it digs deeper into CBDC
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.
Latest United States News
OCC to team with Federal Reserve, FDIC for joint approach to digital currency regulation
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.
US proposals could require reporting digital currency transactions over $10K to IRS
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.
New OCC chief calls for review of digital currency rules
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 secures regulatory approval for blockchain securities trading
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.
FDIC issues request for information on digital assets at US banks
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.
Tom Emmer seeks ‘safe harbor’ for taxpayers holding forked assets
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.
IRS: We will seize digital assets for taxes owed
The IRS says it is improving its ability to track users' digital asset holdings and even seize those assets if it's owed.
US securities regulator issues warning on BTC futures-exposed mutual funds
The regulator said investors should thoroughly weigh up the risks of investing in any mutual funds exposed to the BTC futures market, which it described as “highly speculative investment.”
Binance under investigation by IRS and DoJ
Binance is under investigation by the Inland Revenue Service (IRS) and U.S. Department of Justice (DoJ), according to a report by Bloomberg.
BitMEX founders hit with yet another RICO suit; criminal trial set for March 2022
BitMEX and its trio of founders Arthur Hayes, Benjamin Delo and Samuel Reed are facing yet another RICO lawsuit in California, as shown by newly-filed court documents.
Kleiman v Wright status call: mediation exhausted
The parties reported to Judge Beth Bloom that the second attempt at mediation by the parties was unsuccessful, and both agreed that they considered that avenue of dispute resolution exhausted.