Coinbase Custody Trust Co. Names Two Former NY Banking Regulators to Board of Directors
Coinbase Custody Trust Company has added two former New York banking regulators to its board of directors. In a blog post, dated August 7, the company confirmed that Robert Easton and Richard Neiman were selected for their solid experience in “financial services, public policy and banking operations.”
Virtual Value Tax Fix Act Referred to House Ways and Means
North Carolina Republican Representative Ted Budd’s Virtual Value Tax Fix Act of 2019 has been reintroduced in the House of Representatives and referred to the House Committee on Ways and Means. The bill seeks to amend the Internal Revenue Code to “allow exclusion of gain or loss on like-kind exchanges of virtual currency.”
UN Report: North Korea Has Stolen $2 Billion from Cryptocurrency Exchanges, Financial Institutions
Security experts have long alleged that the North Korean government has been engaged in cyber theft designed to help fund its missile program, nuclear program, and other regime priorities. According to a new report from a United Nations panel, those attacks have enabled the regime to steal an estimated $2 billion in assets.
Thailand Official Wants to Amend AML Laws to Address Cryptocurrency
At least one official in Thailand wants to amend the country’s Anti-Money Laundering laws to ensure that cryptocurrencies are not used to facilitate crime. According to a report in the BangkokPost today, Thai Anti-Money Laundering Office (AMLO) secretary-general Maj Gen Preecha Charoensahayanon is convinced that money launderers will eventually use digital currencies to further their illicit schemes.
Iran’s Govt Issues New Rules on Cryptocurrency
The Iranian Cabinet has released a newly-ratified bill that outlines the government’s position on digital assets and establishes conditions for cryptocurrency miners to operate within the country. According to Iranian media outlet PressTV, the government’s official position is that digital currencies are not recognized as legal tender in Iran, and the country’s central bank cannot ensure their value.
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Virtual Value Tax Fix Act Referred to House Ways and Means
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