India Lifts Crypto Ban, South Korea Imposes New Rules and the US Remains Stagnant
The latest cryptocurrency regulations in Asia are wins for Bitcoin adoption but come at the cost of privacy. South Korea is tightening cryptocurrency regulations while India will likely lift its 2018 ban giving cryptocurrency companies bank accounts. Meanwhile, an American lawmaker has proposed a new...
How the Latest German Regulations Target Bitcoin Exchanges and Custodians
A new German law requires every entity that holds private keys for others (e.g., bitcoin exchanges and/or bitcoin custodians) and that actively addresses the German market must become licensed as early as January 1, 2020. And to address the most common misconception right at...
Cryptocurrency Taxes in the UK: What You Need to Know
Tax season is here in the U.K. — and it’s time crypto investors buckled down to file their cryptocurrency tax returns correctly. There have been a lot of indications that the U.K.’s Her Majesty’s Revenue and Customs (HMRC) is starting to take a stern...
Making Regulatory Progress With Bitcoin ETFs and Pricing
Since 2013, one of the ongoing conversations between U.S. regulators and digital asset market participants has been the attempt to get a bitcoin exchange-traded fund (ETF) approved. By my count, there have been 24 ETF application listings filed, with all but one either rejected...
The Taxman Is After Your Bitcoin: Harvest Your Losses Before It’s Too Late
The year is coming to an end, and a lot of people have started thinking about minimizing their tax burden. If you’re a bitcoin investor, things get even more complex. The IRS recently sent out 10,000 letters to cryptocurrency investors, and this is an...
Our 10 Favorite Bitcoin Magazine Podcasts of 2019
One of the great things about producing podcasts covering the Bitcoin space is that there is no shortage of enlightening, bizarre and intellectually challenging conversations to be had. Strangely enough, Mark Beylin, an intrepid and perhaps disenchanted member of the Ethereum community might have...
The EU’s Updated AML Regulations Forced Bottle Pay to Shut Down. Who’s Next?
With $2 million in funding behind it and a growing user base, Lightning Network wallet and tipping service Bottle Pay was becoming one of the hottest new Lightning service providers of 2019. Then, after less than a year of operation, it shut down.Just as...
Op Ed: Tendencies and Opportunities of Bitcoin Taxation in the EU
In the U.S., the IRS is progressively clarifying the ambiguity persisting on the taxation of cryptocurrencies, as illustrated by the recent publication of a fairly detailed FAQ. In parallel, the U.S. tax administration is carrying out numerous tax audits. In Europe, while no state has...
Op Ed: U.S. Cryptocurrency Regulation Faces Uncertainty in 2020
The future of cryptocurrency regulation in the United States remains uncertain. The lack of a clear regulatory framework makes it difficult for market participants to act without fear of reprisal. The guidance issued and actions taken by the U.S. Securities and Exchange Commission (SEC),...
Op Ed: IRS Doesn’t Get Cryptocurrencies: Here’s Why
After five long years, the Internal Revenue Service (IRS) in the U.S. finally decided to release additional guidelines in October 2019 regarding crypto taxes. While the guidelines have brought some measure of relief by clearing up some important ambiguities, many say they’ve left more...
