Category: crypto regulation

Driving ‘purists beserk’: Co-chair of blockchain caucus wants to ‘reverse’ crypto transactions

Driving ‘purists beserk’: Co-chair of blockchain caucus wants to ‘reverse’ crypto transactions

Democratic Representative Bill Foster has called for legal power to identify wallet holders and reverse crypto transactions in instances of criminal behavior such as ransomware attacks. 3745 Total views 7 Total shares Bill Foster, Democratic Representative and co-chair of the Congressional blockchain caucus, has called for a regulatory framework that would enable third parties to […]

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Existing Indian law could impose 2% levy on crypto bought from offshore exchanges

Existing Indian law could impose 2% levy on crypto bought from offshore exchanges

Existing law in India could mandate a 2% levy on cryptocurrency purchases from offshore-based exchanges servicing India’s market. 1746 Total views 6 Total shares According to local sources, the Indian Government’s 2% “equalisation levy” could be extended to crypto-assets purchased from off-shore exchanges. According to a June 22 report from Economic Times, analysts are inferring […]

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After googling it, CFTC boss says DeFi is a ‘bad idea’ and probably illegal

After googling it, CFTC boss says DeFi is a ‘bad idea’ and probably illegal

CFTC Commissioner Dan M. Berkovitz has called for a crackdown on unregulated DeFi derivatives platforms. 7562 Total views 10 Total shares Commissioner Dan M. Berkovitz of the Commodity Futures Trading Commission (CFTC) believes DeFi derivatives platforms may contravene the Commodity Exchange Act (CEA). Speaking as part of a June 8 keynote address dubbed “Climate Change […]

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Congress passes digital asset innovation act to clarify crypto regulations

Congress passes digital asset innovation act to clarify crypto regulations

U.S. financial regulators will now work together to create modalities for clear-cut crypto regulations in America. 2715 Total views 39 Total shares The U.S. House of Representatives on Tuesday passed H.R. 1602 — the Eliminate Barriers to Innovation Act — introduced by Congressman Patrick McHenry (R-NC). H.R. 1602 was among six bipartisan financial services-related bills […]

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