• Bitcoin regulated globally Lagarde
    Bitcoin,  Regulation

    Bitcoin used for ‘funny business’ and must be regulated globally: Lagarde

    The ECB president says Bitcoin is being used for ‘totally reprehensible money laundering activity’ and calls for international efforts to clamp down on crypto

    European Central Bank President Christine Lagarde has called for a global crackdown on the world’s biggest cryptocurrency—and said existing loopholes need to be closed. With the crypto markets surging in recent weeks, this serves as further evidence that central banks are scrutinizing BTC like never before.

  • Gary Gensler at the SEC
    Cryptocurrencies,  Regulation,  Ripple,  XRP

    Gary Gensler at the SEC: Will he be a friend to the crypto industry?

    Although he’s written passionately about digital assets in the past, he’s previously said that most cryptocurrencies sold through ICOs are securities

    If appointed, his tenure at the SEC would likely be considerably different than Jay Clayton’s, whose legacy has been tainted by a considerable lack of regulatory certainty surrounding digital assets—much to the exasperation of the cryptocurrency innovators and investors, as well as some regulators like SEC Commissioner Hester “Crypto Mom” Peirce.

  • Jay Clayton’s Legacy SEC
    Bitcoin,  Cryptocurrencies,  Ethereum,  Regulation,  Ripple,  United States

    Jay Clayton’s Legacy at the SEC

    Will the Chairman be Remembered for Surrendering Crypto to China?

    So how will Jay Clayton be remembered? As the Chairman of the Securities and Exchange Commission during all of President’s Trump’s term, Clayton has notched major successes. But his record of supporting innovation is less impressive. And right now he stands at a crossroads. Jay Clayton has a chance to be remembered as the SEC Chairman who launched the next great wave of American financial technology. Or he can forever be recalled as the man who handed America’s crypto industry over to China.

  • OECD crypto tax evasion standards
    Regulation

    OECD to issue international crypto tax evasion standards next year

    The organization’s new cryptocurrency tax reporting standards will likely be adopted around the world—much like its regular tax evasion guidelines were in 2014

    OECD center for tax policy Director Pascal Saint-Amans said that there is already broad agreement among relevant regulators that there is a need for an international crypto asset tax reporting standard. He said that the timeline in which the organization expects to deliver the standard is “probably sometime in 2021.