Samourai Wallet Arrests Send Shockwaves Through Crypto Community
Today, the Justice Department issued a statement declaring the arrest and charging of Keonne Rodriguez and William Hill for their involvement in operating Samourai Wallet. The charges include accusations of running an unlicensed money transmitting business and facilitating unlawful transactions. The
New Crypto Reporting Rules: The $10,000 Question
The Internal Revenue Service (IRS) has recently introduced new cryptocurrency regulations that require both individuals and businesses in the United States to report any crypto payments received that are valued over $10,000. This regulation requires filling out Forms 8300 or IRC
Liberty & Freedom at Risk As SEC Sues Binance & Coinbase
The U.S. Securities and Exchange Commission (SEC) has filed a sweeping lawsuit against the world’s largest crypto exchange, Binance, its CEO Changpeng Zhao (CZ), and BAM Trading, the operating company for Binance. The SEC alleges that Binance violated federal securities laws
Seeking Legal Eagles: SEC Hiring Attorneys for Cyber & Crypto Unit
These days it's easy to feel a bit lost in the ever-evolving landscape of cryptocurrency regulations. It seems like there are new developments coming out of D.C. everyday. And the ramp up for a crypto crackdown continues. Now, the Securities and Exchange
Former Thai SEC Chief Addresses Proposed Crypto Taxation
The former deputy secretary-general of the Thailand Security and Exchange Commission (SEC), Tipsuda Thavaramara, has addressed the issue surrounding cryptocurrency transactions in the country. Thavaramara noted that while the move to collect taxes from the cryptocurrency sector was good, several issues
CFTC Commissioner Says SEC Has No Authority Over Crypto
https://twitter.com/CFTCquintenz/status/1422912721637580803 The Commodity Futures Trading Commission (CFTC) has stated that cryptocurrency regulations do not fall under U.S. Securities and Exchange Commission (SEC) oversight. The CFTC argument comes as the SEC looks for ways to gain more control over the crypto market. In
South Korean Crypto Exchanges Close as Compliance Deadline Nears
South Korea’s financial market regulator, the Financial Service Commission (FSC), has reportedly shut down 11 mid-sized crypto exchanges in the country. The names of the affected exchanges have not been disclosed. The exchanges shut down in the ongoing crackdown are those