Category: Law

Asian CBDC projects: What are they doing now?

Asian CBDC projects: What are they doing now?

The rapid growth of mainstream attention toward cryptocurrencies has forced the hands of numerous governments to create their digital alternatives. Over the past few years, interest from various jurisdictions has been pointed towards central bank digital currencies (CBDCs) — digital versions of government-issued fiat. Given their capacity to use blockchain technology to facilitate a simplified […]

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Texas Democratic Party aims to use NFT sales for fundraising efforts

Texas Democratic Party aims to use NFT sales for fundraising efforts

“We can’t wait to continue turning powerful, exclusive, behind-the-scenes moments into digital assets that help fuel progressive objectives,” said Front Row co-founder Parker Butterworth. 1093 Total views 32 Total shares Front Row, a marketplace geared towards progressive organizations, has said it will be partnering with the Texas Democratic Party to pilot a program aimed at […]

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CFTC hits Kraken with $1.25M in fines over alleged illegal offering

CFTC hits Kraken with $1.25M in fines over alleged illegal offering

“Margined, leveraged or financed digital asset trading offered to retail U.S. customers must occur on properly registered and regulated exchanges in accordance with all applicable laws and regulations,” said Vincent McGonagle, the CFTC’s acting director of enforcement. 4197 Total views 28 Total shares The United States Commodity Futures Trading Commission, or CFTC, is ordering crypto […]

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CFTC commissioner: agency doesn’t have enforcement resources without Congress

CFTC commissioner: agency doesn’t have enforcement resources without Congress

“We’re not necessarily looking for more authority without more resources,” said Dan Berkovitz in regards to crypto markets. 2564 Total views 9 Total shares Dan Berkovitz, one of three commissioners currently serving at the U.S. Commodity Futures Trading Commission, said while the agency is suited to futures contracts, swaps, and options trading, it would need […]

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US lawmakers propose adding digital assets to ‘wash sale’ rule and raising capital gains tax

US lawmakers propose adding digital assets to ‘wash sale’ rule and raising capital gains tax

If passed, the plan would raise the capital gains tax rate for “certain high income individuals” to 28.8%, while eliminating the “wash sale” loophole for crypto users. 6831 Total views 77 Total shares Democrats in the U.S. House of Representatives have proposed tax initiatives to fund a $3.5 trillion spending package which could potentially affect […]

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