Following the recent suspension of Binance’s local bank deposit and withdrawal functionality in both Australia and the UK, why does it seem to be the majority-English-speaking countries whose banks are coming down hardest on crypto?
The U.S. Securities and Exchange Commission has sued Coinbase, the U.S.-based cryptocurrency exchange, for operating as an “unregistered broker, exchange and clearing agency”.
The U.S. Securities and Exchange Commission has sued Coinbase, the U.S.-based cryptocurrency exchange, for operating as an “unregistered broker, exchange and clearing agency”.
Following the recent suspension of Binance’s local bank deposit and withdrawal functionality in both Australia and the UK, why does it seem to be the majority-English-speaking countries whose banks are coming down hardest on crypto?
Binance.US and CEO Changpeng Zhao are exploring strategies to reduce his majority stake in the company to ease tension between Binance and U.S. regulators and continue operations in the region.
The U.S. may impose additional tax on cryptocurrency mining (cryptomining) operations. According to the White House, the tax is intended to offset the expenses that cryptomining operations place on society.
Coinbase publicly responded to the SEC’s Wells notice and now is trying to force the regulatory agency to respond to a petition for rulemaking that the company filed last summer aiming to get proper regulation rules for digital assets.
The protracted legal dispute between Ripple, a California-based tech company, and the U.S. SEC has lasted for more than 28 months, prompting widespread speculation regarding the date of the final ruling. Ripple supporters suggest that the verdict may be announced by the end of April.
At a Subcommittee hearing of the House Committee on Financial Services last week, the USDF Consortium asked for a reduction in regulation on blockchain use by federally-insured banks, arguing that the technology should not be unfairly conflated with cryptocurrency.
