WEF Announces Global Consortium for Digital Asset Governance
Jan27

WEF Announces Global Consortium for Digital Asset Governance

That World Economic Forum has announced the creation of a global consortium to develop a governance framework for digital assets. In a press release on Friday, the WEF said that the Global Consortium for Digital Currency Governance will work on creating interoperable, inclusive policy solutions to help make the financial system more inclusive.

Read More

Read More
Hawaii Bill Would Allow State’s Banks to Provide Crypto Custody
Jan25

Hawaii Bill Would Allow State’s Banks to Provide Crypto Custody

Hawaii’s Senate is now considering a new bill that would allow the state’s banks to provide digital asset custody services. The bill was introduced a week ago, received its first reading on January 21, and has now been referred to two committees: Consumer Protection and Health, and Judiciary and Commerce.

Read More

Read More
H&R Block Reminds Customers to Report Crypto Dealings to IRS
Jan24

H&R Block Reminds Customers to Report Crypto Dealings to IRS

With tax season almost here, tax preparation service H&R Block is advising its customers to accurately report their crypto dealings when they file their returns. As Yahoo Finance reports, those customers should be aware that the IRS is explicitly asking about crypto asset activities for the first time.

Read More

Read More
Greek Council of State Upholds Justice Minister’s Decision on Vinnik Extradition
Jan23

Greek Council of State Upholds Justice Minister’s Decision on Vinnik Extradition

Alleged Bitcoin fraudster Alexander Vinnik’s attempt to annul a recent extradition order has failed, according to the Greek Reporter. The Greek Council of State has ruled that Minister of Justice Constantinos Tsiaras had the authority and discretion to order Vinnik’s extradition to France.

Read More

Read More
HSB Survey: 36% of U.S. Small & Medium-Sized Businesses Accept Cryptocurrency
Jan22

HSB Survey: 36% of U.S. Small & Medium-Sized Businesses Accept Cryptocurrency

A recent HSB survey of small and medium-sized enterprises across the United States found that 36 percent of those businesses now accept cryptocurrency payments for their goods and services. In a press release, HSB also confirmed that 59 percent of respondent companies said that they’ve even purchased cryptocurrency.

Read More

Read More
BoE Deputy Governor to Co-Chair Central Bank Digital Currency Working Group
Jan21

BoE Deputy Governor to Co-Chair Central Bank Digital Currency Working Group

Bank of England deputy governor Sir John Cunliffe will reportedly co-chair a central bank working group created to explore the potential benefits and risks of central bank digital currencies, The Guardian reports. The group’s efforts are the latest in a series of responses to Facebook’s proposed Libra cryptocurrency project from officials across the globe.

Read More

Read More
UK Contract Seeks Software to Track Cryptocurrency Use
Jan20

UK Contract Seeks Software to Track Cryptocurrency Use

The UK has opened a new contract seeking proposals for a software tool that can track Bitcoin and other major cryptocurrencies that might be used for illicit purposes. According to a report from The Next Web, HM Revenue and Customs plans to prioritize bids from developers who offer tools that can also track the use of Dash, Zcash, and Monero.

Read More

Read More
Konya, Turkey Plans to Introduce Municipal Digital Currency
Jan19

Konya, Turkey Plans to Introduce Municipal Digital Currency

Officials in the Turkish municipality of Konya are reportedly working to develop and launch a municipal digital currency they’re calling City Coin, Uzmancoin reports. The city’s mayor, Uğur İbrahim Altay, confirmed that the government plans to use the new currency for tax collection and trading.

Read More

Read More
Australian Central Bank Reportedly Plans to Continue CBDC Experiments
Jan18

Australian Central Bank Reportedly Plans to Continue CBDC Experiments

The Reserve Bank of Australia has confirmed that it has been testing a simulated central bank digital currency to determine its usefulness for intrabank settlement of customer payments. While the central bank continues to question the need for a CBDC in Australia, it apparently plans to continue its experiments, Ledger Insight reports.

Read More

Read More
SEC Announces Charges in Fraudulent ICO Scheme
Jan17

SEC Announces Charges in Fraudulent ICO Scheme

The Securities and Exchange Commission (SEC) today announced charges against two individuals and two businesses accused of conducting a fraudulent initial coin offering (ICO). According to the SEC complaint, one of the defendants, convicted felon Boaz Manor, used a disguise and alias to conceal his identity.

Read More

Read More
Virtual Currency Tax Fairness Act of 2020 Introduced in U.S. House
Jan16

Virtual Currency Tax Fairness Act of 2020 Introduced in U.S. House

U.S. Representative Suzan DelBene (D-WA) introduced the Virtual Currency Tax Fairness Act of 2020 in the House of Representatives today, digital asset advocacy group Coin Center reports. The bill is a revised version of a 2017 proposal and would create a de minimis tax exemption for small cryptocurrency transactions.

Read More

Read More
Report: Blockchain Tech Could Save UAE $3 Billion
Jan15

Report: Blockchain Tech Could Save UAE $3 Billion

In recent years, the United Arab Emirates has been aggressively pursuing emerging technologies like blockchain as it works to become a hub for tech innovation. A new whitepaper suggests that the UAE’s efforts to adopt blockchain technology could net as much as $3 billion in savings each year.

Read More

Read More
WisdomTree Plans to Launch Regulated Stablecoin in U.S.
Jan14

WisdomTree Plans to Launch Regulated Stablecoin in U.S.

WisdomTree is planning to introduce a regulated stablecoin in the United States, according to reports from Financial News. The company will reportedly seek approval from the U.S. Securities and Exchange Commission, as it moves to compete with other financial giants in the emerging digital asset sector.

Read More

Read More
Coinbase Settles Class Action Suit from Former Cryptsy Users
Jan13

Coinbase Settles Class Action Suit from Former Cryptsy Users

Cryptocurrency exchange giant Coinbase has reportedly agreed to settle a class action lawsuit brought by former users of the now-defunct Cryptsy exchange, Coindesk reported today. Court documents suggest that the exchange will settle the suit with a $962,500 transfer to an escrow agent charged with handling claims.

Read More

Read More
Japan’s FSA to Place Limits on Leverage in Cryptocurrency Margin Trading
Jan12

Japan’s FSA to Place Limits on Leverage in Cryptocurrency Margin Trading

Japan’s Financial Services Agency intends to implement a new rule that would place limits on leverage in digital asset margin trading, The Japan Times reports. The Times’ sources confirmed that the rule will be inserted in the language of a new Cabinet Office order related to changes in the country’s Financial Instruments and Exchange Act.

Read More

Read More
UK’s FCA Tasked with Supervising AML/CTF Compliance in Digital Asset Industry
Jan11

UK’s FCA Tasked with Supervising AML/CTF Compliance in Digital Asset Industry

The Financial Conduct Authority (FCA) announced Friday that it will be supervising the digital asset industry’s compliance with anti-money-laundering (AML) and counter-terrorist-financing (CTF) requirements.

Read More

Read More
South Korean Presidential Committee Urges Institutional Acceptance of Digital Assets
Jan10

South Korean Presidential Committee Urges Institutional Acceptance of Digital Assets

In South Korea, the Presidential Committee on the Fourth Industrial Revolution (PCFIR) has come out in support of institutional acceptance of digital assets, urging the government to permit the financial industry to launch crypto-derivatives and other cryptocurrency products, local news outlet Business Korea reports.

Read More

Read More
Lagarde Still Open to Potential European Central Bank Digital Currency
Jan09

Lagarde Still Open to Potential European Central Bank Digital Currency

European Central Bank President Christine Lagarde recently indicated that she’s still open to the idea of an ECB-issued digital currency. During an interview with the French magazine Challenges, Lagarde suggested that the bank would continue to explore cryptocurrency technology’s potential benefits for maintaining citizens’ access to currency as demand for physical cash diminishes over time.

Read More

Read More
SEC’s Announced 2020 Examination Priorities Include Continued Scrutiny of Digital Assets
Jan08

SEC’s Announced 2020 Examination Priorities Include Continued Scrutiny of Digital Assets

The Securities and Exchange Commission revealed its Office of Compliance Inspections and Examinations (OCIE) priorities for 2020, confirming that regulators intend to continue to scrutinize digital assets and cryptocurrency-related services. In a January 7 announcement, the SEC noted that it will continue to review fintech innovations like digital currencies and electronic investment advice services:

Read More

Read More
Qatar Announces Ban on Digital Asset Services
Jan07

Qatar Announces Ban on Digital Asset Services

The Qatar Financial Centre Regulatory Authority has announced a ban on all virtual asset services, International Investment reports. The ban will reportedly cover all digital asset trading, transfers, payments, and investments, except digital securities and other instruments regulated by the nation’s central bank or Financial Markets Authority.

Read More

Read More
  Subscribe To Newsletter
Subscribe to Our Newsletter

Keep up to date with the latest from DCEBrief

* we hate spam and never share your details.
×