The OECD Releases Reporting Rules for Crypto Assets
The Organization for Economic Co-operation and Development (OECD) has published a reporting system for crypto assets and amendments to the Common Tax Information Exchange Standard (CRS).
Binance.US Announces it is Suspending Deposits in US Dollars
Binance.US has announced the suspension of deposits in dollars on their American division for crypto exchange and recommended customers withdraw their fiat funds by June 13 via the ACH system.
Bank of Australia: Stablecoins Have Potential to Take More Prominent Position in Financial System
The draft law of the Reserve Bank of Australia (RBA) on the regulation of crypto exchanges, custodial services and the issuance of “stablecoins” largely speaks to the potential that stablecoins have in taking a more prominent role in the financial system.
10,500 BTC Leave Binance Balances Following SEC Lawsuit
Following the announcement of the SEC charges against Binance, the exchange has seen a decrease of 10,500 bitcoins in its bitcoin balance.
SEC Seeks to Freeze Binance’s Assets
The SEC has filed a temporary restraining order yesterday to further expedite its Monday enforcement action, which requested a freeze of assets, including cryptocurrencies, held by Binance, Binance.US, and their owner Changpeng ‘CZ’ Zhao. The commission alleges that Zhao and Binance executives redirected customer funds to his personal investment funds, such as to purchase an $11 million yacht and BUSD, […]
Coinbase Spokesman: SEC Lawsuit is Undermining US Competitiveness
Paul Grewal, Coinbase’s Chief Legal Officer, claims that the SEC’s regulatory approach is hindering US’s competitiveness.
Argo Blockchain’s Quarterly Revenue Rises to $11.4M
In Q1, Argo Blockchain recorded $11.4 million in revenue – a 15% increase from the last period – and a net loss of $8.7 million.
