Auto Added by WPeMatico

US State Wants to Lead in Crypto Acceptance — Colorado to Accept Crypto for Tax Payments This Summer

The U.S. state of Colorado is preparing to accept cryptocurrency for tax payments, said Governor Jared Polis. “We expect to accept crypto by this summer,” he said, adding that after…

Continue ReadingUS State Wants to Lead in Crypto Acceptance — Colorado to Accept Crypto for Tax Payments This Summer

Banning Crypto Is Like Banning Internet in Russia, Finance Minister Says Amid Differences With Central Bank

It’s impossible to ban cryptocurrencies in Russia, the country’s minister of finance has stated in his first comments on his department’s latest disagreements with the Russian monetary authority. The two…

Continue ReadingBanning Crypto Is Like Banning Internet in Russia, Finance Minister Says Amid Differences With Central Bank

FBI is launching team to address crypto exploitation: US Deputy Attorney General

“The currency might be virtual, but the message to companies is concrete: if you report to us, we can follow the money and not only help you, but hopefully prevent…

Continue ReadingFBI is launching team to address crypto exploitation: US Deputy Attorney General

SEC chair hints at no spot Bitcoin ETFs yet, but cites ‘careful consideration’ for future

Gary Gensler reiterated his stance of being technology-neutral, but that he would give “careful consideration” to the concerns Representatives Tom Emmer and Darren Soto raised.

Continue ReadingSEC chair hints at no spot Bitcoin ETFs yet, but cites ‘careful consideration’ for future

Binance stopped ‘all activities focused on Israel’ following regulatory request: Report

"Following the intervention of the capital market, Binance has at this stage stopped marketing to Israelis and all activities focused on Israel until we examine the issue of licensing,” said…

Continue ReadingBinance stopped ‘all activities focused on Israel’ following regulatory request: Report

Russia’s Economy Ministry Calls for Introducing ‘Acceptable’ Electricity Rates for Miners

The Ministry of Economic Development of Russia has suggested that crypto mining should be allowed in energy-rich regions and miners provided with access to inexpensive electricity. The department has joined…

Continue ReadingRussia’s Economy Ministry Calls for Introducing ‘Acceptable’ Electricity Rates for Miners

The Republic of the Marshall Islands Allows Registration of DAOs as Legal Entities

The Republic of the Marshall Islands has announced it will allow decentralized autonomous organizations (DAOs) to become legal entities. At the time of writing, only one DAO has successfully incorporated…

Continue ReadingThe Republic of the Marshall Islands Allows Registration of DAOs as Legal Entities

Coinbase and 17 Other Crypto Firms Launch ‘Travel Rule Universal Solution Technology’

On Wednesday, the publicly-listed cryptocurrency firm Coinbase announced the launch of a collaborative effort called TRUST, which stands for “Travel Rule Universal Solution Technology.” The plan is described as an…

Continue ReadingCoinbase and 17 Other Crypto Firms Launch ‘Travel Rule Universal Solution Technology’

JPMorgan: Global Regulation Urgently Needed for Banks to Help Clients Invest in Crypto

A globally consistent crypto regulatory framework is urgently needed to allow banks to handle crypto assets on behalf of large customers, said a JPMorgan executive. “We need a globally consistent…

Continue ReadingJPMorgan: Global Regulation Urgently Needed for Banks to Help Clients Invest in Crypto