The bill clarifies that state agencies can legally agree to accept cryptocurrency payments and that these agreements should be enforced by the courts.
Category: Regulation News
South Korea to deploy cryptocurrency tracking system in 2023
The “Virtual Currency Tracking System” will be used to monitor transaction history, extract information related to transactions and check the source of funds before and […]
US securities regulator probes Wall Street over crypto custody: Report
According to sources, the regulator has been probing registered investment advisers over how they’ve offered crypto custody to their clients.
Fed denies Custodia Bank application to join the Federal Reserve System
The bank applied for the application in 2019 and sued the Fed in an attempt to speed up the decision.
FTX lawyers to reap millions from the bankruptcy case: Report
FTX’s legal team from Sullivan & Cromwell has 150 people on the bankruptcy case, with thirty partners reportedly charging more than $2,000 per hour.
State senator pushes bill to make Bitcoin legal tender in Arizona
The state senator also introduced a similar bill to make Bitcoin legal tender in 2022 but did not succeed.
Genesis Capital’s fall might transform crypto lending — not bury it
TradFi firms with expertise in risk management may soon “fill the void” left by bankrupt crypto lenders, a Duke finance professor predicts.
IRS reminds taxpayers of crypto income reporting ahead of 2022 filing
The IRS’s recommendation to check “Yes” boils down to receiving, earning, transferring or selling cryptocurrencies for any monetary benefit, including mining and staking.
White House cryptocurrency ‘roadmap’ recommends against pension funds
The Biden administration touted its comprehensive framework and encouraged regulators and Congress to tighten the screws on crypto in a new statement.
US prosecutors seek to ban SBF from Signal after alleged witness contact
It’s alleged that the former FTX CEO attempted to arrange a “constructive relationship” with the current General Counsel of FTX US, Ryne Miller.