The Swiss Financial Market Supervisory Authority (FINMA) has asserted it will regulate the booming fundraising trend of initial coin offerings (ICOs) using existing laws. It will evaluate tokens' purpose on a case-by-case basis to determine what laws apply, treating some as securities. Also see: Coinbase and Visa Clash Over Who Caused Duplicate Card Charges Subscribe to … [Read more...] about Swiss Watchdog: We’ll Regulate Some ICOs as Securities
Rob Joyce -- the Trump administration's top cybersecurity coordinator -- just declared at the Munich Security Conference that the U.S. government doesn't have any intention of regulating bitcoin anytime soon. Joyce noted the need for officials to continue studying the fledgling space of cryptocurrencies before regulators could fairly consider how to proceed. Also see: The … [Read more...] about White House: Yeah, We’re Not Even Close to Regulating Bitcoin Yet
The global trend for buying cryptocurrencies seems to grow daily, however crypto investors in the U.S. are still keen to hide their gains from the taxman. The Internal Revenue Service (IRS) is trying its best to track taxes owed and cross-check records, but it is not receiving much support from American crypto holders. Also see: Lovely: Bitcoin Price Boosts Past $9,000 on … [Read more...] about American Bitcoin Investors Reluctant to Pay Taxes on Crypto Gains
Criminals are laundering "billions" using bitcoin and other cryptocurrencies, according to E.U. law enforcement agency Europol. Although director Rob Wainwright used the statistics to call for more industry and regulatory action to combat it, some commentators noted the amount is tiny compared to that passing through the heavily-regulated banking system. Also see: John … [Read more...] about Europol Worries About Billions in Bitcoin Money Laundering, but What About ‘Regulated’ Banks?
With so many global attempts to regulate cryptocurrency, it seems fair to assume that someone, somewhere will eventually get their way, and according to International Monetary Fund chief Christine Lagarde, that time may be arriving sooner than we think. Also see: NY Fed Economists: Trustless Payments ‘Not a Problem That Needs Solving’ Subscribe to the Bitsonline YouTube … [Read more...] about Christine Lagarde: Cryptocurrency Regulation Is Inevitable