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US SEC and FINRA Issued Latest Custody Guidance on Digital Assets Securities

The United States Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA) issued a statement addressing regulatory issues regarding the custody of digital asset securities on 8 July. The recent statement highlighted that any entity involved in the transactions with digital asset securities must register with the SEC as a broker-dealer, and … Continue reading US SEC and FINRA Issued Latest Custody Guidance on Digital Assets Securities

HKSFC Guidance on Virtual Asset Fund Managers: The 4 Key Takeaways

The Hong Kong Securities and Futures Commission (HKSFC) released the latest guideline “Proforma Terms and Conditions for Licensed Corporations which Manage Portfolios that Invest in Virtual Assets”, providing further guidance on fund dealing and virtual asset fund management. Fund organization structure The virtual asset fund manager should always maintain the liquid capital requirement of HKD … Continue reading HKSFC Guidance on Virtual Asset Fund Managers: The 4 Key Takeaways

IRS Announces New Tax Payment Guidance on Cryptocurrencies

Since Bitcoin was introduced in 2009, the world has seen a shift in traditional fiat-based financial transactions. The controversial nature of the acceptance of cryptocurrencies is now more tilted to the positive end where the world now deems it fit to establish guidelines to tax cryptocurrency holders. The first part of this guideline was issued … Continue reading IRS Announces New Tax Payment Guidance on Cryptocurrencies

US CFTC Reaches Clarity on Interpretive Guidance on the Physical Delivery of Traded Cryptocurrency

The US Commodity Futures Trading Commission (CFTC) announced that the Commission has voted unanimously and has clarified the guidance on the question of the physical delivery of digital assets. This move comes as CFTC Chairman Heath P. Tarbert said, “providing clarity to market participants is one of the CFTC’s core values. Tarbert believes that new … Continue reading US CFTC Reaches Clarity on Interpretive Guidance on the Physical Delivery of Traded Cryptocurrency

FATF Assessment Finds Majority of US Exchanges are Compliant with Virtual Asset Guidance

The Financial Action Task Force (FATF) has published an assessment of the US’s compliance with its revised criteria for anti-money laundering (AML) and terrorist financing (CTF) through virtual assets and found that most virtual asset providers are compliant. Recommendation 15 – Travel Rule It began in June of 2019, one of the most authoritative regulatory organizations worldwide, the Financial Action Task Force (FATF), issued new … Continue reading FATF Assessment Finds Majority of US Exchanges are Compliant with Virtual Asset Guidance

What Does Oracle's TikTok Deal Mean for the US? ByteDance Confident President Trump Will Approve Deal

TikTok’s parent company, ByteDance, is confident that its deal with Oracle tech giant for TikTok’s US operations will be approved by both Chinese and American regulators. Oracle secures TikTok The deal for TikTok US operations was confirmed by Oracle this week and in order for the video-sharing app to remain active in the United States, … Continue reading What Does Oracle's TikTok Deal Mean for the US? ByteDance Confident President Trump Will Approve Deal

Oct 08 Trading Analysis: BTC will dance to the U.S. elections beat…

Trading Crypto with Eugene is a series of daily commentary on the crypto market and trading advice from Eugene Ng of Matrixport, a veteran trader with 10 years of experience in top-tier global investment banks. If you like the article, please follow us here on Blockchain.News so you won’t miss our future publications. Markets overreacted … Continue reading Oct 08 Trading Analysis: BTC will dance to the U.S. elections beat…

Ethereum Developer’s Trial for Attendance at North Korea Blockchain Conference Set for September 2021

Ethereum researcher Virgil Griffith has been accused by the US government of assisting North Korea in questionable affairs involving cryptocurrencies. Last year, the developer attended a blockchain conference in North Korea. That in itself was enough to alarm the US government, as regulators arrested Griffith, accusing him of violating the International Emergency Economic Powers Act … Continue reading Ethereum Developer’s Trial for Attendance at North Korea Blockchain Conference Set for September 2021

Chinese MIIT Issues Guidance on Blockchain Technology

China has issued guidelines for promoting the application of blockchain technology and industrial development. According to the announcement, China’s Office of the Central Cyberspace Affairs Commission and the Ministry of Industry and Information Technology (MIIT) has identified four main areas for applying blockchain technology. This document introduces the basic principles and future development priorities of emerging technologies … Continue reading Chinese MIIT Issues Guidance on Blockchain Technology

FATF Updates its Guidance to Service Providers to Include DeFi

The Financial Action Task Force (FATF) has updated its guidance governing Virtual Assets and Virtual Asset Service Providers (VASPs) with the inclusion of decentralized finance (DeFi). DeFi Developers Can Qualify as VASPs Despite the original standards of the FATF not qualifying DeFi apps as VASPs, the intergovernmental monetary watchdog says that there is no room … Continue reading FATF Updates its Guidance to Service Providers to Include DeFi