Brokers


Finance

Bitpanda Drafts Deutsche Bank to Process Fiat Transactions in Germany

This is Bitpanda's second major partnership in Germany this year after it was enlisted by LBBW to offer crypto custody services in the country.

Deutsche Bank logo

Opinion

DeFi Shouldn't Have to Worry About the SEC’s Expanded Broker Rule

A move to expand regulatory oversight over hedge funds and market makers could also rope in AMMs, experts say. But if these protocols cannot comply, is it really a threat?

Securities and Exchange Commission Chairman SEC Gary Gensler (Jesse Hamilton/CoinDesk, modified)

Opinion

Congress Gets the Runaround From Regulators, Again

"If the broker rule proceeds as is, it will surely spell the near-total collapse of the crypto industry in the United States," writes Blockchain Association CEO Kristin Smith and DeFi Education Fund CEO Miller Whitehouse-Levine.

Blockchain Association CEO Kristin Smith said crypto lobbyists helped beat back disastrous regulations on "unhosted wallets." (Shutterstock/CoinDesk)

Consensus Magazine

‘We're Not Asking for Special Treatment’: Coin Center on the Proposed IRS Broker Rules

Peter Van Valkenburgh on why the crypto industry has responded with 120,000 comments to the controversial new tax regulations.

Crypto advocate Peter Van Valkenburgh argues the IRS' extended reporting requirements violate the First and Fourth Amendments. (Coin Center)

Opinion

The IRS Should Offer a Free Tax Reporting Tool to DeFi Users

Blockchain is not the problem, it is the solution to the problem the U.S. tax agency wants to solve through its highly controversial "broker rule."

The U.S. is weighing crypto tax rules, and a hearing today will hear from industry representatives worried about the government going too far. (Jesse Hamilton/CoinDesk.)

Opinion

The IRS Should Heed This Warning

Devs are not brokers.

The IRS has issued guidance on how it intends to tax crypto staking rewards. (Jesse Hamilton/CoinDesk)

Policy

US IRS Can Issue Summons to Bank Serving Crypto Broker SFOX Customers in Search of Tax Evaders

The John Doe summons will require M.Y. Safra Bank to provide information about SFOX customers who used the bank and may owe taxes on crypto transactions.

The IRS' headquarters in Washington. (Zach Gibson/Getty Images)

Policy

US Lawmakers Challenge Infrastructure Bill's Definition of 'Broker'

The representatives propose following a definition which avoids placing "unworkable customer reporting obligations" on parties who do not, in fact, have customers, such as crypto miners and stakers.

House Bracing for Bipartisan Infrastructure Bill Vote

Policy

US Lawmakers Ask Janet Yellen to Define ‘Broker’ for Infrastructure Bill

A bipartisan group of senators say they’ll offer legislation if needed to clarify the contentious provision.

Senators Kyrsten Sinema (left), Mark Warner and Rob Portman (Alex Wong/Getty Images, modified by CoinDesk)

Policy

Sen. Lummis Mounts Last-Ditch Effort to Modify Crypto Broker Language

With Biden’s signature imminent, the Wyoming senator is trying once more to narrow the bill’s “broker” scope.

Sen. Cynthia Lummis (R-Wyo.) walks the halls of the Capitol outside the Senate chamber on Aug. 10, 2021. (Liz Lynch/Getty Images)

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