IRS releases draft of proposed reporting rules for digital asset brokers
House Financial Service Committee Chair Patrick McHenry said the rules are part of “the Biden Administration’s ongoing attack on the digital asset ecosystem.” This post was originally published on this site
Securitize acquires $40b crypto fund manager Onramp
Digital securities firm Securitize will provide new alternative assets to major cryptocurrency firms like WisdomTree and Valkyrie Invest.This post was originally published on this site
Toyota GR Cup will award digital trophies on Polygon blockchain to race winners
Toyota continues its ongoing exploration into integrating blockchain technology within its corporate and developmental ecosystems.This post was originally published on this site
‘Pro crypto bill’ passes out of US House Agriculture Committee
The Republican bill, dubbed FIT for the 21st Century, was drafted by two House committees and passed after strenuous preparations by members of both parties.This post was originally published on this site
South Korea strengthens crypto regulation with LEI adoption and crime unit
The decision was driven by the country’s concern over illicit activities in the crypto market and the desire to safeguard investors. This post was originally published on this site
Namibia passes bill to regulate crypto and digital assets
The legislation aims to establish a framework for licensing and regulating virtual asset service providers.This post was originally published on this site
CFTC issues $54M default judgment against trader in crypto fraud scheme
As a result of the judgment, the defendant is also now prohibited from engaging in any trading activities within markets regulated by the CFTC and is barred from registering with the regulatory body.This post was originally published on this site
BitGo terminates acquisition of Prime Trust
The acquisition was called off two weeks after BitGo publicly disclosed its non-binding letter of intent to acquire Prime Trust. This post was originally published on this site
Singapore MAS proposes digital money standards with major industry players
The Monetary Authority of Singapore, with input from major tech giants, released a whitepaper on the standards for digital money usage such as CBDCs and stablecoins. This post was originally published on this site
BIS releases unified ledger proposal for cross-border, tokenized asset transactions
Like the IMF’s single ledger proposal released a day earlier, BIS’ unified ledger uses familiar concepts, such as tokenization, without the blockchain. This post was originally published on this site