DSG Crypto Regulatory Roundup: December 2023
International Bodies Crypto ETF Applications Will Be Considered in Hong Kong: The statement from the SFC and HKMA comes as expectations mount the U.S. SEC is on the verge of approving a spot bitcoin ETF. More here. Coinbase Approved as Virtual Asset Services Provider: The third-largest crypto exchange has said it wants …
Read MoreSEC Denies Coinbase Petition for Rulemaking
On December 15, the Securities and Exchange Commission (SEC) denied a Petition for Rulemaking filed on behalf of Coinbase Global, Inc. which sought new rules for the digital asset sector. Coinbase’s Petition for Rulemaking was denied in a 3-2 vote. SEC Chairman Gary Gensler, the two Democrat Commissioners, Caroline Crenshaw and …
Read MoreDSG Crypto Regulatory Roundup: November 2023
International Bodies UK to Hit Crypto Users with Penalties for Unpaid Taxes: The Treasury encouraged users to voluntarily disclose unpaid income or capital gains tax from crypto, NFTs, and utility token holdings. More here. FCA Releases Guidance for Compliance: Rules for crypto asset promotion that came into force in the United …
Read MoreHouse Financial Services Hearing
On November 15, the House Financial Services Committee Subcommittee on Digital Assets, Financial Technology, and Inclusion held a hearing entitled “Crypto Crime in Context: Breaking Down the Illicit Activity in Digital Assets.” Witnesses in the hearing were: · Bill Hughes, Senior Counsel & Director of Global Regulatory Matters, ConsenSys · …
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