Netherlands Starts Consulting on Crypto Tax Reporting Bill
The Netherlands launched a consultation on Thursday on a bill that would require crypto services to share their users’ data with tax authorities.
Regulations
Activist Group Says Kalshi’s Election Market Should Be Shut Due to ‘Manipulative’ Whales
Better Markets is using Polymarket’s “French connection” as ammo against the prediction market’s regulated competitor.
Binance’s Tigran Gambaryan Has Left Nigeria Following 8-Month Detention
After spending eight months detained in the country, the Binance enployee was allowed to leave Kuje prison last night.
Citibank Debanked Ripple’s Brad Garlinghouse Due to Crypto, Exec Says
The chief of Ripple, Brad Garlinghouse, recounted his own brush with the U.S. government’s pressure on banks to be wary of digital assets, saying Citi dumped him.
Andy Barr’s ‘Vision’ for House Financial Services
Congressman Andy Barr (R-Ky.) is one of the lawmakers running to succeed U.S. House Financial Services Committee Chair Patrick McHenry (R-N.C.) as the head of the Republican wing of the committee, which oversees regulators like the Securities and Exchange Commission and is responsible for shepherding legislation that might affect the U.S. capital markets and banking sectors, among others. He shared some of his thoughts on what his crypto priorities might be during an aside at the Flyover Fintech conference on Monday.
Tether CEO Ardoino Says He Expects U.S. Will Catch Up in Crypto Regulation
Tether CEO Paolo Ardoino told a U.S. crowd on Tuesday that he’s counting on sensible crypto regulations coming soon from the U.S. “There is no place like the U.S.,” he said via video link at DC Fintech Week in Washington.
Tokenization Could Pose Risks to Financial System, FSB and BIS Warn
The Financial Stability Board identified three vulnerabilities of tokenization: The underlying reference asset; the participants in distributed ledger technology based tokenization projects; and new technology’s interaction with legacy systems.
Ripple Co-Founder Larsen Flooding Kamala Harris’ Election Effort With XRP
Ripple co-founder and Executive Chairman Chris Larsen said he’d added another $10 million in the Ripple-tied token {{XRP}} in an effort to boost Vice President Kamala Harris as the Democrat faces off against former President Donald Trump in next month’s election.
Sui Launches ‘Incubator’ Hub in Dubai for ‘On the Spot’ Solution Engineering
The Sui blockchain has launched a hub in Dubai which will act as an incubator for blockchain developers and entrepreneurs, one of its founding developers told CoinDesk in an interview.
It’s Possible You Shouldn’t Tell Journalists About Your Wash Trading Biz
Last week, the Department of Justice announced charges against over a dozen individuals and entities, arguing these market makers were actually wash trading funds and defrauding people.