US
City of Austin Approves ‘Fact-Finding Study’ for Tax Payments in Bitcoin, Crypto
The Texas city will investigate the feasibility of adopting “bitcoin or other cryptocurrencies” with a study due in mid-June.
US Justice Dept. Charges 2 in NFT 'Rug Pull' Scheme
"They pulled the rug out from under the victims," U.S. Attorney Damian Williams said of the creators of the Frosties NFT collection.
US Senate to Consider Bill Examining El Salvador's Bitcoin Experiment
The bill, which was passed out of committee on Wednesday, generated the displeasure of El Salvador's president, Nayib Bukele.
UK, US Regulators Call for ‘High Levels’ of Global Collaboration in Overseeing DeFi
The Fed is sharing its analysis on central bank digital currencies (CBDC) with six other central banks at the BIS, said Chair Jerome Powell.
Treasury Department Issues Guidance on Using Crypto to Evade Sanctions
The Biden administration said earlier in the day that such guidance would be forthcoming.
Justice Department Will Prosecute Banks, Crypto Exchanges That Help Russians Hide Assets: Report
A new task force has been created to freeze or take the assets of Russians that have been sanctioned following the invasion of Ukraine.
Biden’s Executive Order Draws Mixed Reactions From Global Crypto Community
Crypto advocates worldwide are somewhat underwhelmed by the U.S. president’s recent executive order on crypto regulation.
US Department of Labor Urges ‘Extreme Care’ Before Adding Crypto to 401(k) Plans
The department warned that cryptocurrency investments present “significant risks and challenges to participants’ retirement accounts.”
Canadian Police Seize $28M in Bitcoin, Extradite Alleged Affiliate of Ransomware Gang
Sebastien Vachon-Desjardins is accused of carrying out dozens of ransomware attacks in 2020 – many of which were specifically targeted at the health care sector during the peak of the COVID-19 pandemic.
FTX.US Derivatives Seeks CFTC Approval to Clear Margin Trades Directly for Customers
The company says the change would allow customers to assess and respond to derivatives risks in real time.
