SEC Provides Companies with A Sample Letter Regarding Crypto Asset Markets

The Securities and Exchange Commission (SEC), in a new guideline released on Thursday, requires entities that issue securities to disclose to investors their exposure to possible risk in the cryptocurrency market. Guide For Crypto Asset Markets The guideline was made…

Israel’s Top Economist Suggests Broad Regulations For Digital Assets.

The Chief Economist of the Israeli Ministry of Finance, Shira Greenberg, has filed a paper with suggestions for the country’s regulation of digital assets.  Greenberg’s Top Priority On November 28, a 109-page report was released, and it seemed to catch…

Italy’s 2023 Budget Proposes 26% Crypto Income Tax

In addition to the recent actions taken by Portugal, another European country intends to raise taxes on cryptocurrency trading. The proposed budget for 2023 in Italy includes a provision that would tax capital gains from cryptocurrency at a whopping 26%.…

FTX Employees Set to Be Paid As Bankruptcy Proceedings Continue

FTX appears to be moving on since news broke that it was filing for bankruptcy. The insolvent exchange will pay its employees and contractors after several weeks of uncertainty and bad news.  The bulk of FTX subsidiaries worldwide has reportedly resumed…

Bahamian Authorities Place FTX Under An “Active and Ongoing” Investigation

The defunct crypto exchange FTX is the subject of an “active and ongoing” investigation, according to the Bahamas Attorney General (AG) and Minister of Legal Affairs Ryan Pinder. Multi-agency Inquiry Into FTX Pinder stated in a national address that was…

Binance Co-founder CZ Says Governments Should Regulate Cryptos As Opposed to Fighting them

According to Binance CEO Changpeng Zhao, the adoption of cryptocurrencies will come regardless of how countries choose to respond to them.  In his opinion, countries would do well to regulate cryptos as opposed to fighting them.  Crypto Regulation Debates Are…

Kenya Seeks to Tax Crypto Owners and Recognize Cryptos As Securities In Proposed Law

Kenya is attempting to tax more than 4 million owners of digital assets through a new bill that, if passed, will put this quickly expanding sector under regulatory scrutiny for the first time ever in the East African nation’s history.…

JPMorgan Registers Trademark For Crypto Wallet, Announces New Crypto Services For Customers

The “J.P. Morgan Wallet” has been legally registered and patented by JPMorgan with the US Patent and Trademark Office, according to a formal document released on November 21, 2022. (USPTO).  JP Morgan’s Crypto Plans The legacy bank will start providing…

FTX Assets Frozen By Bahamas Regulator As The Crypto Exchange’s Woes Continue

As Sam Bankman-Fried raced to raise as much as $8 billion to save FTX, the Bahamas securities regulator froze the assets of a portion of his crypto empire and moved to appoint a liquidator for one of his firms. Bahamas…

SEC Chairman Calls For Investor Protection Amid FTX Debacle, As Skepticism Rises

Gary Gensler, the chairman of the SEC, spoke about the current market crisis brought on by the FTX disaster in an interview with CNBC’s Squawk Box. Gensler, who has been promoting more regulation and pursuing several crypto businesses for fraud…