Page 2 - Regulating Crypto News Today

Discover the latest news in cryptocurrency trading as European regulators push for reduced leverage in crypto trading to minimize risk.

The days of taking shortcuts around regulation and lax fiscal discipline need to come to an end if the industry is going to reach its full potential.

CryptoUK strongly disagrees with the Treasury Committee’s conclusion, and we are both concerned and disappointed by these claims which are unhelpful, false, fundamentally flawed and unsubstantiated. The statement fails to reflect the true nature, purpose and potential of the crypto industry.

The Treasury Department released its first ever illicit finance risk assessment on the vast ecosystem of decentralized finance, or defi, which the report said was rife with criminal activity.

Financial services regulators should treat cryptocurrency trading for what it is — another form of wagering, some experts say. But banks seeking to provide custody and many other services tied to digital assets would face even tighter restrictions under that approach.

Abolishing the IRS; crypto as foreign asset; how to lead a firm; and other highlights from our favorite tax bloggers.

Sheets, it became clear about a month ago that the money was no longer there, and it all unravelled. it has been described as one of the biggest financial frauds in us history, so what has the impact on the victims and those that have suffered in this, and essentially where does it leave them now? the victims are basically in a position where they dont know where they are because its unclear how many assets the combined ftx—alameda group still has to distribute to the people who thought that t...

Because these bankruptcy proceedings take a long time. mount cox, which was another crypto exchange failed many years ago and it is still distributing assets. estimate no doubt a — distributing assets. estimate no doubt a lot _ distributing assets. estimate no doubt a lot of— distributing assets. estimate no doubt a lot of uncertainty| no doubt a lot of uncertainty and frustration, so where does this leave regulators in regulating crypto in the future? . , , future? that is the big question....

Regulating crypto. this is obviously a pretty complicated story. so lets get into it with our very best. joining me now is tom winter and to explain ftx and crypto, cnbcs senior analyst, ron, and senior financial reporter, gretchen morganson. so, tom, walk us through the indictment. >> reporter: so basically what the u.s. attorneys office and the sec are alleging here today is that sam bankman-fried conducted what would be a classic fraud scheme of taking money from others and instead of putting...

A U.S. senator has called on the SEC to issue crypto regulations now "through a transparent notice-and-comment regulatory process."