Russia’s ‘Digital Law’ Bill Won’t Legalize Cryptocurrency

Join our community of 10 000 traders on Hacked.com for just $39 per month. Russia’s State Duma Committee on State Construction was scheduled to hold the first reading of amendments to the country’s civil code pertaining to digital currency today, but is not expected to make digital currency a legitimate method of payment, according to …

Azerbaijan Taxes Revenue Received in Cryptocurrency

Join our community of 10 000 traders on Hacked.com for just $39 per month. Azerbaijan has joined the growing list of countries that are taxing revenue received in cryptocurrencies. Revenues received in cryptocurrency in Azerbaijan are subject to taxation, according to Nijat Imanov, deputy director general of the tax policy and strategic research department for …

ICO Tokens Should Be Regulated as Securities, Not Bitcoin

Join our community of 10 000 traders on Hacked.com for just $39 per month. The role of cryptocurrencies was thrust into the spotlight during a hearing between Congress and the US Securities and Exchange Commission. The US House of Representatives Committee on Appropriations held a hearing with the Wall Street regulator on April 26, and …

Kraken CEO Double Downs on ‘Insulting’ New York Crypto Exchange Inquiry

Join our community of 10 000 traders on Hacked.com for just $39 per month. Kraken CEO and co-founder Jesse made headlines recently for his strongly-worded response to the New York Attorney General’s request for information on the Kraken exchange, the largest bitcoin exchange based on euro volume in the world. The NYAG sent out a …

XRP ‘100 Percent Not a Security,’ Ripple Claims

Join our community of 10 000 traders on Hacked.com for just $39 per month. Fintech startup Ripple is pushing back against claims that its cryptocurrency, XRP, is a security under US regulations. The XRP token — which functions as the native currency of the San Francisco-based company’s public Ripple Consensus Ledger (RCL) and the foundation …

Not Everyone’s a Fan of the CFTC Chairman aka ‘Cryptodad’

Join our community of 10 000 traders on Hacked.com for just $39 per month. As commodities regulators go, few have managed to attain the cult following that US Commodity Futures Trading Commission (CFTC) Chairman J. Christopher Giancarlo has assembled in recent weeks. However, the markets supervisor — nicknamed “cryptodad” by cryptocurrency enthusiasts — is finding …

Chilean Crypto Exchanges Seek Clear Regulations After Banks Shutter Accounts

Join our community of 10 000 traders on Hacked.com for just $39 per month. Two Chilean cryptocurrency exchanges, BUDA and Crypto MKT, recently saw a number of banks in the country shut down their accounts for dealing with cryptocurrencies. In response, the companies decided to call on the country’s banking association, Asociación de Bancos e …

Binance Receives Formal Warning from Japan, Plans to Move HQ to Malta

Join our community of 10 000 traders on Hacked.com for just $39 per month. Cryptocurrency exchange Binance has received a formal warning from Japan’s Financial Services Agency (FSA) for operating in the country without registering with the regulatory agency as a cryptocurrency trading platform. In a letter dated March 23 and addressed to Binance CEO …

Reg A+ Cap Expansion Could See More ICOs File in the US

Join our community of 10 000 traders on Hacked.com for just $39 per month. We’ve written in the past about the various methods companies in the United States can go about raising money via an ICO/token offering.  One of the main methods we mentioned was the use of Regulation A+, something traditionally utilized by smaller companies …

SEC Investigating ‘Dozens’ of Cryptocurrency Startups, Official Confirms

Get Trading Recommendations and Read Analysis on Hacked.com for just $39 per month. The US Securities and Exchange Commission (SEC) has opened investigations into dozens of startups operating in the cryptocurrency space, an agency official confirmed on Thursday. SEC Investigating ‘Dozens’ of Cryptocurrency Startups, Official Confirms Stephanie Avakian, co-director of the SEC’s enforcement division, confirmed …