One of Australia’s major financial regulators said Thursday it was in the final stages of issuing a letter to financial institutions that set out its expectations for how digital assets in the country should be handled. In a speech to the American Chamber of Commerce, Australian Prudential Regulation Authority (APRA) chairman Wayne Byres said his […]
SEC makes effort to commence proposed redactions. The Securities and Exchange Commission (SEC) has requested permission to make corrections to a typographical error contained in the handwritten notes of meeting minutes between its staff, Valerie Szczepanik, and Coin Center, a cryptocurrency research center. SEC’s Recent Request In a motion filed yesterday, the SEC noted that […]
The Crypto Market Integrity Coalition, an organization founded two months ago by 17 cryptocurrency exchanges, firms and industry associations worldwide, announced 13 new members have joined. The group is centered around a pledge endorsed by members’ CEOs or chief compliance officers that (among other things): “We will integrate principles that uphold Market Integrity and Market […]
An Indian parliament member says crypto is like gambling and must be taxed at a very high rate, such as 50%. “We need to discourage and disincentivize” trading and investing in the asset class, he stressed. Indian Parliament Member Wants to Tax Crypto at 50% Indian parliament member Sushil Kumar Modi shared his view on […]
The Economic Daily, a mouthpiece of the Chinese Communist Party, called for stricter regulation of “digital collectibles” as investors continue to speculate in non-fungible tokens (NFTs). Fast facts The Economic Daily argued against treating NFTs as cultural and creative products, calling instead for the asset class to be regulated as a currency, commodity and/or a […]