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Latest from Amitoj Singh
U.S. Senate Finance Committee Asks Crypto Industry for Tax Guidance
In a letter made public on Tuesday, Chairman Ron Wyden and Ranking Member Mike Crapo sought cryptocurrency industry comment around nine topics.

Dubai Regulator Suspends Crypto Exchange BitOasis' Conditional License
BitOasis said it's working closely with the Virtual Assets Regulatory Authority to fulfil the conditions.

Denmark's Financial Watchdog Orders Saxo Bank to Shed Its Crypto Holdings
The Danish Financial Supervisory Authority's explained that it isn't legal for banks to conduct such activity as ancillary bank business for reasons of financial stability under current regulations.

Singapore's MAS Orders Crypto Firms to Keep Customer Assets in a Trust by Year-End
The MAS has also restricted crypto service providers from facilitating lending and staking of tokens by their retail customers.

New Zealand Is Not Exploring Crypto Regulation, but Recommends Increased Vigilance
"Issues raised by crypto-assets and other innovations do not fall neatly within agency boundaries," said Ian Woolford, Director of Money and Cash, Reserve Bank of New Zealand.

SEC vs Coinbase Case Set for July 13 After Exchange’s ‘Creative' Opening Response
The date for the court hearing is much earlier than expected, prompted by a "creative" defense tactic by Coinbase – it filed its response 40 days before the deadline of August 7, 2023.

Australia Acts on De-Banking of Crypto Entities, Supports Policy Recommendations to Tackle Issue
The government's choice to make its position clearer on de-banking comes hours after Blockchain Australia, the nation's industry body made a fresh commitment to minimize scams.

Israel Seized $1.7M in Crypto From Iranian Military and Hezbollah With Chainalysis' Aid
The Israeli government seized the crypto wallets after an order from Defense Minister Yoav Gallant earlier this week,.

Robinhood Sheds Jobs for Third Time Since April 2022: WSJ
The company made the cuts as it adjusts to a slowdown in customer trading activity.

Japanese Crypto Issuers Won't Pay Taxes on Unrealized Gains, Govt. Clarifies
Token issuers in the country were taxed for unrealized gains from holding on their own tokens.
