The EU's new directive on crypto tax reporting will begin in January, enhancing tax data sharing and imposing a compliance deadline of July 1 for exchanges throughout the bloc. This initiative operates alongside the Markets in Crypto-Assets (MiCA) regulation and includes the potential threat of asset seizure for non-compliance.
Read the full article: Crypto News
The FBI has arrested a former Olympic athlete accused of being a drug kingpin who allegedly used cryptocurrency to facilitate the movement of drug proceeds. The individual is linked to a large-scale drug trafficking operation that reportedly involved the distribution of fentanyl and other substances. Authorities seized significant amounts of
The U.S. Securities and Exchange Commission (SEC) has dismissed a lawsuit against Gemini, the cryptocurrency exchange co-founded by the Winklevoss twins, concerning its Earn product. The SEC initially filed the lawsuit in January 2023, alleging that the Earn program constituted an unregistered securities offering. The dismissal allows Gemini to
The Senate Agriculture Committee has released a draft proposal aimed at establishing a regulatory framework for the cryptocurrency market, which includes several provisions influenced by Democratic lawmakers. Key elements of the draft focus on consumer protection, market transparency, and the regulation of stablecoins. The proposal seeks to clarify the roles
The U.S. Securities and Exchange Commission (SEC) has dismissed its civil action against cryptocurrency exchange Gemini with prejudice, meaning the case cannot be refiled. The SEC initially accused Gemini of offering unregistered securities through its Earn program. The dismissal follows a settlement between Gemini and the SEC regarding the