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Regulation
Slovenia Financial Agency Proposes New 10% Crypto Tax
The measure is supposed to make cryptocurrency-related tax reporting easier.
2 New Bills Ask CFTC to Clarify Crypto Regulation, Prevent Price Manipulation
Crypto-friendly congressman Darren Soto (D-Fla.) is the sponsor of both bills.
South Korea’s Top Financial Regulator Is Forming a Dedicated Crypto Bureau
The Crypto Asset Monitoring Bureau will officially launch in September and oversee licensing for exchanges and other operators, among other responsibilities.
The Latest on Congress’s Crypto Tax Provision
CoinDesk’s Global Policy & Regulation Managing Editor Nikhilesh De discusses the latest on the Senate’s $1 trillion bipartisan infrastructure bill now that the U.S. House of Representatives is finally taking it up. Plus, Federal Reserve Chairman Jerome Powell is expected to speak on the tapering roadmap at Friday’s Fed’s Jackson Hole meeting.
BitGo CEO Talks Bitcoin, Crypto Regulation, WBTC
Over the past 30 days, bitcoin is up about 40%, trading at just below $50,000, although it is likely to face resistance towards the $55,000 mark. Mike Belshe, CEO of crypto custodian BitGo, discusses the potential catalyst for the rally and how much of the current regulatory environment has to do with the crypto markets. Plus, his outlook on the growth of wrapped bitcoin (WBTC).
Most Executives Reportedly See Digital Assets as Strong Fiat Alternative in Next 5–10 Years
76% of executives around the world think digital assets will be a “strong alternative to or replacement for” fiat in the next five to 10 years, according to a new survey by Deloitte. Cybersecurity, regulation and privacy were seen as the biggest obstacles to global crypto adoption.
Gary Gensler Isn't Buying Your Decentralization Theater
The SEC chief has a point: DeFi is often not as decentralized as its proponents like to claim.
Market Wrap: Bitcoin Buyers Could Take Profits as Volume Declines
Some analysts are optimistic about the long-term recovery in crypto prices, although the pace of the upside will likely slow over the short term.
