, but luckily perhaps for all of us, there are somewhat more important things happening in crypto and regulation. Such as: we have just passed the first deadline for comments on the IRS proposal to classify certain types of crypto entities as brokers for tax reporting purposes. There's going to be a public hearing later today discussing these comments, although the actual comment deadline has been extended by a few weeks.
Factoring in stablecoin transactions also dramatically increases the volume of data that platforms may have to collect and report, some of the comments said. The privacy implications outlined are also split into two groups. One group suggested that because some people self-custody assets, their personal information – including addresses – may be more easily leaked, putting them in direct danger.
LedgerX, the crypto derivatives company that was briefly owned by FTX, is in a bit of a regulatory gray area after a proposed CFTC rule change, Commissioner Kristin Johnson said. The Times spoke to a number of individuals who have been dropped by their banks in recent years. Almost as fascinating as the reporting itself is the fact that JP Morgan Chase allowed a spokesperson to discuss some of these cases .
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Source: CoinDesk - 🏆 291. / 63 Read more »
[RE-AIR] What SBF's Guilty Verdict Means for the Crypto Industry; Trading Week 2023What happens now that FTX founder Sam Bankman-Fried has been found guilty on all seven counts of fraud, conspiracy and money laundering charges following his weeks-long criminal trial? Columbia Business School professor and former Paxos executive Austin Campbell shares his take.
Source: CoinDesk - 🏆 291. / 63 Read more »