Latest news on Regulations

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Illinois Becomes First State to Tax Crypto Transactions, Drawing Industry Fury

By David E | Yesterday

Illinois Becomes First State to Tax Crypto On Tuesday, Illinois Governor JB Pritzker signed the Digital Asset Tax Act into law, making Illinois the first state in the U.S.

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CME Group to Sue CFTC Over Perpetual Futures Approval, Citing Dodd-Frank Breach

By Loic Dos Santos | Yesterday

CME’s Legal Gambit Targets CFTC The CME Group, the world’s largest derivatives exchange, is preparing to sue the Commodity Futures Trading Commission (CFTC) following the regulator’s approval of perpetual futures products earlier in June.....

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Binance Faces Potential EU MiCA License Rejection as Regulatory Pressure Mounts

By David E | 2 days ago

Greek Watchdog’s Decision Looms Large Binance, the world’s largest cryptocurrency exchange by daily trading volume, is facing a pivotal moment in its European expansion strategy as its application for a Markets in Crypto Assets (MiCA).....

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Sam Bankman-Fried’s 25-Year Sentence Stands as Appeals Court Rejects All Arguments

By David E | 6 days ago

Unanimous Ruling Affirms 25-Year Sentence Sam Bankman-Fried, the former CEO and co-founder of FTX, has lost his bid to overturn his conviction on fraud and conspiracy charges...

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Japan Moves to Treat Crypto Like Stocks, Paving Way for ETFs and Tax Reform

By David E | 1 week ago

Crypto to Face Stock-Like Scrutiny Japan’s House of Representatives has approved a bill that would move the country’s crypto regulation from the Payment Services Act to the Financial Instruments and Exchange Act, fundamentally changing how.....

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Crypto Tax Overhaul: House Committee Targets Small Transactions, Mining, and Stablecoins

By David E | 1 week ago

Seven Crypto Tax Bills on Table The U.S. House Ways and Means Committee is set to debate a package of seven draft bills on digital asset taxation on June 9, marking the most extensive legislative review of crypto tax rules in years...

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US Treasury Sanctions Nobitex and Three Other Iranian Crypto Exchanges in Sweeping Crackdown

By Loic Dos Santos | 2 weeks ago

Nobitex at Center of Treasury Blitz The U.S. Treasury’s Office of Foreign Assets Control (OFAC) has sanctioned Nobitex, Iran’s largest cryptocurrency exchange, along with Wallex, Bitpin, and Ramzinex...

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Coinbase Launches Direct Rupee Rails, Expanding Its Bet on India’s Crypto Growth

By David E | 2 weeks ago

Coinbase clears FIU hurdle, reenters India Coinbase has officially relaunched its services in India, establishing direct Indian rupee (INR) banking rails and securing registration with the country’s Financial Intelligence Unit (FIU)...

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Coinbase Opens U.S. Gateway to Global Crypto Derivatives

By Loic Dos Santos | 2 weeks ago

Coinbase’s New Derivatives Gateway Opens Coinbase Financial Markets has begun offering U.S. institutional clients direct access to global crypto derivatives markets, marking a significant shift for the country’s regulated trading landscape...

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Jamie Dimon Escalates JPMorgan’s Standoff With Coinbase as Clarity Act Hangs in the Balance

By Loic Dos Santos | 2 weeks ago

Dimon Draws Line on Stablecoin Yield JPMorgan Chase CEO Jamie Dimon has intensified his criticism of the Digital Asset Market Clarity Act, warning that the bill’s current draft could unravel if banks’ concerns are not addressed...

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HTX Sanctioned by U.K. Over Alleged Russia Links, Exchange Denies Involvement

By Loic Dos Santos | 3 weeks ago

HTX Denies Ties, U.K. Pushes Forward On June 13, 2024, the United Kingdom imposed sanctions on the cryptocurrency exchange HTX, formerly known as Huobi Global, citing alleged support for Russia’s financial sector through digital assets...