• SEC security token enforcement holiday
    Cryptocurrencies,  Regulation,  Ripple,  XRP

    SEC offers security token broker-dealers a five-year enforcement holiday

    The first step in providing long-awaited regulatory clarity for security token sales comes as the agency drops the hammer on Ripple for selling the XRP, which it claims is an unregistered security

    Saying that it “recognizes that the market for digital asset securities is still new and rapidly evolving,” the agency noted that the enforcement holiday is specifically for digital assets— or security tokens—that qualify as securities regulated by the SEC.

  • crypto handcuffs
    Canada,  Europe,  Regulation,  United States

    Five countries join forces to crack down on crypto tax crimes

    Tax authorities from US, UK, Australia, Canada, and Netherlands coordinating enforcement

    A group of five nations have formed an international alliance to fight cryptocurrency-related tax crimes and money laundering schemes. The Joint Chiefs of Global Tax Enforcement, or J5, includes tax agencies from Australia, Canada, the Netherlands, the United Kingdom, and the United States. Authorities from the five countries hope the collaborative effort will increase their success in combating cross-border tax crimes. “We will work together to gather information, share intelligence, conduct operations, and build the capacity of tax crime enforcement officials,” the group said on its new page on the IRS website, adding that J5 plans on piloting new approaches and conducting joint operations against offshore tax crimes. Cryptocurrency allows…