Business

New OCC head requests review of cryptocurrency rules

The United States’ banking regulator, the Office of the Comptroller of the Currency, is set to review cryptocurrency-related rulemaking following Brian Brooks’ departure.  Michael Hsu,

Business

Inner Mongolia sets up hotline to report suspected crypto miners

A new announcement from the  Inner Mongolia Autonomous Region Development and Reform Commission, or DRC, has informed the public that they now have a direct

Business

Indian government is rethinking crypto ban: The Economic Times

Reports are emerging that India’s government may be reconsidering its stance on cryptocurrencies with the formation of a new regulatory panel. A May 19 report

Business

Nebraska bill to allow banks to offer crypto services passes to final round

Lawmakers in the U.S. state of Nebraska have taken another step towards passing a bill that will allow state banks to offer cryptocurrency services. According

Business

US lawmaker introduces bill aimed at protecting ‘forked assets’ from IRS

Minnesota Rep. Tom Emmer has reintroduced a bill aimed at preventing the IRS from imposing penalties or fees on crypto taxpayers with forked assets. In

Business

Chinese trade associations sound crypto investment warning

The China Internet Finance Association has signed a joint statement with the China Banking Association and China Payment and Clearing Association, warning the public about

Business

US FDIC seeks insight on banks’ role in cryptocurrency markets

The United States Federal Deposit Insurance Corporation is looking for information and public comments on banks’ cryptocurrency-related activities. The FDIC is the major provider of

Business

Buyer of Jack Dorsey’s ‘genesis tweet NFT’ reportedly detained in Iran

Iranian Cyber Police have reportedly arrested Bridge Oracle CEO Sina Estavi, according to a tweet pinned to Estavi’s Twitter account. A rough translation of the

Business

NYDFS taps former DOJ attorney as deputy virtual currency chief

Debra Brookes’ new role with the New York State Department of Financial Services may suggest more of a focus on regulation through enforcement. An attorney

Business

Iranian crypto miners using household energy will face large fines

The Iranian government continues to closely monitor the cryptocurrency mining industry by initiating new measures against home crypto miners, according to a new report. Mostafa