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IRS gets access to crypto exchange Circle’s user data, targets Kraken next

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Shortly after getting a court authorization to obtain records of cryptocurrency exchange Circle’s customers, the US Internal Revenue Service (IRS) is now seeking to get access to similar data from trading platform Kraken.“Those who transact with cryptocurrency must meet their tax...

New Bitcoin regulations are coming, warns ex-SEC chairman

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Former US Securities and Exchange Commission (SEC) chairman Jay Clayton has suggested that Bitcoin and other cryptocurrencies will definitely be more regulated in the future.“I expect that regulation will come in this area both directly and indirectly,” he said during an...

UK crypto firms must now submit yearly financial crimes reports

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The United Kingdom's Financial Conduct Authority has included cryptoasset businesses under the financial crimes reporting umbrella eight months after initially announcing plans to do so. The FCA made this known via a policy statement issued on its website on Wednesday. This move comes as the...

Uphold obtains FINRA approval to acquire US broker-dealer

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Cryptocurrency wallet and trading platform Uphold has received regulatory approval to purchase JNK Securities, a U.S. broker-dealer. In an announcement from Uphold today, the U.S. Financial Industry Regulatory Authority, or FINRA, gave the firm the green light to acquire JNK Securities. Uphold said the acquisition...

Japan’s FSA asks cryptocurrency industry group to introduce FATF travel rule

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Japan has made another step toward adopting cryptocurrency Anti-Money Laundering regulations developed by the Financial Action Task Force, Cointelegraph Japan reports. The Japanese Financial Services Agency announced Wednesday that it will adopt the FATF’s travel rule — a set of regulations requiring virtual asset service providers to...

The blacklist: Marathon only mining ‘fully compliant’ Bitcoin transactions

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Major U.S.-based mining firm Marathon Digital Holdings has announced the launch of what it describes as the first North American Bitcoin mining pool that is “fully compliant with U.S. regulations.” According to a March 30 announcement, the pool adheres to U.S. anti-money laundering guidelines and...

LBRY fires back at SEC over ‘aggressive and disastrous’ securities complaint

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Blockchain company LBRY, Inc. has hit back at the Securities and Exchange Commission, saying a complaint filed against it threatens much of the crypto industry because it would define most tokens as securities.  The SEC has been looking into the blockchain-based publishing platform LBRY, Inc....

Judge grants XRP holders’ request for motion to intervene in SEC v. Ripple case

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After being rejected initially, the group of XRP holders led by lawyer John Deaton has ultimately been allowed to file a motion to intervene in the ongoing legal battle between the Securities and Exchange Commission (SEC) and Ripple Labs, according to...

Iowa House approves bill to legally recognize blockchain smart contracts

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On March 29, the Iowa House of Representatives passed a bill that seeks to legally recognize transactions and registrations made via blockchain smart contracts. The bill — SF541 — gained Senate approval earlier in the month. Under the auspices of the new bill, smart...

XRP holders get green light for motion to intervene in SEC vs Ripple case

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XRP tokenholders who have sought the right to intervene in the ongoing case against Ripple Labs by the United States Securities and Exchange Commission, or SEC, have been given the green light by the district judge of the court of the Southern District of...