A security vulnerability potentially affecting hundreds of smart contracts that were pre-built using a commonly used open-source library has been reported by Web3 firm Thirdweb.
Category: Regulation News
IRS team reports rise in crypto tax investigations
According to the fiscal year 2023 report, the IRS unit investigated failures to disclose crypto holdings and report on capital gains for transactions.
Tax services are getting pushy to have crypto declared: Law Decoded, Nov. 27–Dec. 4
Spain and Brazil are chasing cryptocurrency stored abroad, while the U.K. wants taxes paid for crypto assets that weren’t previously declared.
Coinbase initiative announces crypto-themed US presidential forum
Presidential candidates Asa Hutchinson, Vivek Ramaswamy and Dean Phillips will discuss blockchain and crypto ahead of the New Hampshire Primary.
South Korean financial authorities solicit reports on unlicensed crypto exchanges
Financial regulators in South Korea have opened a window of time for people to come forward and report any unlicensed cryptocurrency exchanges operating in the […]
South African regulator may license 36 crypto companies in December
The Financial Sector Conduct Authority reviewed 128 applications from crypto service asset providers.
Bitcoin is of ‘national strategic importance’ says US Space Force officer
U.S. Space Force Major Jason Lowery wants the U.S. military to prioritize the investigation of proof-of-work systems like Bitcoin for the country’s defense.
Binance’s explosive growth led to compliance failures – CEO Richard Teng on $4.3B settlement
The new CEO of Binance takes stock of the exchange’s future following a landmark $4.3 billion settlement with United States authorities in a one-on-one interview […]
Grayscale Bitcoin Trust aims for ETF shift to narrow discount
This move seeks to better synchronize GBTC’s shares with the real Bitcoin price and introduce a streamlined mechanism for investors to create or redeem shares […]
SEC faces sanctions threat as Judge questions DEBT Box case accuracy
Initially, the SEC, led by attorney Michael Welsh, had convinced the court to freeze DEBT Box’s assets, arguing the company was moving to Dubai, beyond […]