Regulation

Today, bitcoin-based financial institution River Financial announced that it will participate in Hawaii’s Digital Currency Innovation Lab, a regulatory sandbox program developed by the state’s Division of Financial Institutions and the Hawaii Technology Development Corporation. This will make River one of the first companies...

The recent Comptroller of the Currency (OCC) ruling that national banks and savings associations can provide cryptocurrency custody services to clients is one of the biggest milestones in the short but spectacular lifetime of digital currencies. Now that U.S. banks have the green light...

Bitcoin’s regulatory scheme in the US will soon come into focus in the Presidential elections later this year.The two candidates — President Donald Trump and Joe Biden — go head-to-head in November, and while cryptocurrencies do not feature as part of their campaign topics;...

A newly-appointed financial regulator in Japan said this week that introducing laws and regulations for Bitcoin trading would impede technical innovation while supporting purely speculative gains, according to Reuters.Bitcoin laws promote speculationRyozo Himino, the regulator, cautioned the parliament over announcing new laws that ultimately...

A group of Congress members in the US have sent a letter to the Internal Revenue Service (IRS) asking for a fairer tax on staking rewards, a Coin Center letter revealed Tuesday. However, a tax must be levied when such rewards are sold, instead of...

News broke earlier today that a federal court ruled that Bitcoin is defined as “money” under the law in Washington D.C.To read the rest of this article, join CryptoSlate Edge. Have an account? Sign In. Join CryptoSlate Edge for in-depth market analysis and curated industry...

The Office of the Comptroller of the Currency (OCC), a bureau within the U.S. Department of the Treasury tasked with regulating the country’s banks and thrift institutions, has published a public letter clarifying that national banks and savings associations can provide cryptocurrency custody services...

Yanis Varoufakis was Greece’s finance minister during the Greek economic crisis. In 2012, he explored utilizing a blockchain-based system to help manage some of the crisis. Varoufakis has spoken critically about bitcoin publicly on many occasions, he understands the power of bitcoin but feels...

W2s and 1099s have been sent out and tax season is officially in full swing here in the United States. For those operating in the world of bitcoin or altcoin investing, this time of year can have added stress as reporting gains and losses...

On February 13, 2020, Larry Harmon, of Akron, Ohio, was charged with three counts: (1) conspiracy to commit money laundering, (2) operating an unlicensed money transmitting business and (3) conducting money transmission without a DC license. According to the DOJ, Harmon operated “Helix,” which was...