United States Congressman Tom Emmer (MN-06) this week reintroduced a bill designed to provide regulatory clarity for cryptocurrency companies. Tagged the ‘Blockchain Regulatory Certainty Act’, it was initially introduced on the floor of the house in September 2018 alongside two other cryptocurrency-related legislative namely a House resolution to express support for cryptocurrency and blockchain technology, and the Safe Harbor for Taxpayers with Forked Assets Act of 2018, aims to address confusion surrounding how to report gains made as a result of cryptocurrency forks to the Internal Revenue Service (IRS). Continue reading U.S. Congressman Reintroduces Bill to Give ‘Safe Harbor’ to Cryptocurrency Firms
Tag Archives: Firms
BitMEX CEO Mocks Crypto Firms for Failure of ‘Poo Poo’ ICOs
The research team at BitMEX exchange has released a report in collaboration with TokenAnalyst which reveals that various ICO teams in 2018 gifted themselves a grand total of $24.2 billion worth of crypto tokens. Continue reading BitMEX CEO Mocks Crypto Firms for Failure of ‘Poo Poo’ ICOs
Crypto Firms Speak out Against Critical McKinsey Report
Consulting giant McKinsey & Co recently published a report on the state of the blockchain industry, claiming that while crypto technology has potential, it has been unable to break away from the early “pioneer” phase with most use cases failing to take off. Continue reading Crypto Firms Speak out Against Critical McKinsey Report
Did Google Blacklist Ethereum Ads? Crypto Firms Report Issues
Earlier this week, an Ethereum startup in Serbia discovered that its advertisements on Google were not being shown in certain regions. As the company investigated the case further, it found out that the keyword “Ethereum” has been completely banned on Google Ads and is not served to users on the platform. Continue reading Did Google Blacklist Ethereum Ads? Crypto Firms Report Issues
UK Regulators Probe 18 Crypto Firms for Fraud and Illegal Operations
Over a dozen firms in the cryptocurrency sector are under investigation by UK’s financial regulator, reports the Financial Times. Continue reading UK Regulators Probe 18 Crypto Firms for Fraud and Illegal Operations