Category: Regulations
US Legislators to Vote on Biden’s Veto Regarding SAB 121 Repealing
US House and Senate will be tasked with voting on Biden vetoing legislators choosing to repeal the SEC’s Staff Accounting Bulletin (SAB 121) in May.…
Paxos Receives Approval from Singaporean Regulator to Issue Stablecoins
It looks like stablecoins and their issues cannot stay outside the news cycle, with MiCA issuing its stablecoin guidelines and Circle making huge moves in…
IRS Issues Crypto Broker Regulations
The US Internal Revenue Service (IRS) has issued its final draft of rules for crypto brokers to report income, offering clarifications on the scope of…
SEC Files Lawsuit Against Consensys for Securities Violations
The US Securities and Exchanges Commission (SEC) has brought a lawsuit against Consensys, the parent company of MetaMask, for providing staking and brokerage services around…
US SEC Can No Longer Turn to In-House Tribunals
The Securities and Exchange Commission (SEC) can no longer rely on in-house judges to settle suits, ruled the US Supreme Court last week. Going forward,…
The Australian Tax Office Implements New Measures to Weed Crypto Tax Evaders
The Australian Tax Office (ATO) has implemented a new tracking program that will allow it to identify cheaters every tax season starting this year. As…
The EU Will Enforce Strict Stablecoin Regulations by June End
The free reign stablecoin issuers had in the European markets is ending on June 30 as the EU’s MiCA (Markets in Crypto Assets) regulations will…
Crypto Businesses to Comply With Nigeria’s New Regulations Within 30 Days
The Nigerian Securities and Exchange Commission (SEC) has released new guidelines geared to Virtual Asset Service Providers (VASPs). An amendment of the Rules on Digital…
Indian Financial Agency Issues $2.25 Million Fine to Binance
Binance is yet again under legal fire – this time in India. The Indian Financial Intelligence Unit (FIU) has issued a penalty of $2.25 million…
