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SEC Moves to Make Decision on VanEck-SolidX Bitcoin ETF Proposal

SEC Moves to Make Decision on VanEck-SolidX Bitcoin ETF Proposal The U.S. Securities and Exchange Commission (SEC) announced Thursday that it has begun proceedings to decide whether to approve a proposed bitcoin exchange-traded fund (ETF). The SEC published an “order instituting proceedings to determine whether to approve or disapprove a …

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Coinbase Disputes Claims in New York Attorney General’s Exchange Report

Coinbase Disputes Claims in New York Attorney General’s Exchange Report A recent report published by the New York Office of the Attorney General (OAG), which claimed several cryptocurrency exchanges it investigated are vulnerable to market manipulation, has drawn backlash from industry players. In a blog post published Thursday, Coinbase’s chief policy officer, …

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US Lawmakers ‘Strongly Urge’ IRS to Update Crypto Tax Guidance

US Lawmakers ‘Strongly Urge’ IRS to Update Crypto Tax Guidance A group of U.S. lawmakers has called on the nation’s Internal Revenue Service (IRS) to release comprehensive guidance for taxpayers earning gains on cryptocurrency investments or transactions. In an open letter sent to acting IRS commissioner David Kautter, representatives Kevin …

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Brazil Moves to Probe Banks After Crypto Exchanges Denied Services

Brazil Moves to Probe Banks After Crypto Exchanges Denied Services Brazil’s antitrust watchdog is investigating whether the major banks in the country worked together to close off access to cryptocurrency services. The Administrative Council for Economic Defense (CADE), an official wing of the Brazilian government, announced it was looking into the Banco …

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Coinbase Refutes Claims in New York Attorney General’s Exchange Report

Coinbase Refutes Claims in New York Attorney General’s Exchange Report A recent report published by the New York Office of the Attorney General (OAG), which claimed several cryptocurrency exchanges it investigated are vulnerable to market manipulation, has drawn backlash from industry players. In a blog post published Thursday, Coinbase’s chief policy officer, …

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Texas Securities Watchdog Takes Action Against 3 Alleged Crypto Frauds

Texas Securities Watchdog Takes Action Against 3 Alleged Crypto Frauds The Texas State Securities Board has taken emergency action against three crypto investment schemes it alleges are attempting to defraud local investors. According to a news release published Tuesday, the board’s commissioner, Travis J. Iles, entered a first emergency cease-and-desist order …

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Singapore Central Banker: No Crypto Tokens We’ve Seen Are Securities

Singapore Central Banker: No Crypto Tokens We’ve Seen Are Securities The Monetary Authority of Singapore (MAS), the city-state’s de-facto central bank, believes that no tokens it has seen need to be regulated under its securities laws.  During a fireside chat at CoinDesk’s Consensus Singapore 2018 conference on Wednesday, Damien Pang, …

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New York AG Report Faults Crypto Exchanges for Manipulation Risks

New York AG Report Faults Crypto Exchanges for Manipulation Risks The New York Office of the Attorney General (OAG) has released a report on cryptocurrency trading platforms, finding that many are vulnerable to market manipulation and referring several exchanges to another agency for potential violations of state law. The NYAG’s …

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Digital Assets Don’t Change Reporting Needs, SEC’s Top Accountant Says

Digital Assets Don’t Change Reporting Needs, SEC’s Top Accountant Says The chief accountant for the Securities and Exchange Commission has said that companies have a responsibility to follow accounting standards when working with blockchain and digital assets. Wesley Bricker spoke before the AICPA National Conference on Banks & Saving Institutions …

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