Regulation
The Unhosted Crypto Wallet Rule Is Back
A controversial proposed rule that would enforce know-your-customer (KYC) rules on unhosted or self-hosted crypto wallets may again be under consideration by the U.S. federal government, particularly in the Treasury Department’s semiannual agenda of regulations. CoinDesk’s Nikhilesh De discusses what this means for the U.S. crypto regulatory landscape.
Thailand Axes 15% Crypto Withholding Tax Plans Following Pushback: Report
Earned income on crypto trading or mining can be reported as capital gains on income taxes, tax officials said.
Hong Kong Regulators Impose Limits on Investing in Spot Crypto ETFs
Regulators want only professional investors to be exposed to those kinds of products.
Russian Government Agrees on Road Map to Regulate Crypto: Report
Government ministries and other official bodies agreed on principles for future crypto regulation. The Bank of Russia objects.
Warren Targets 6 More Crypto Miners for Their Energy Use
The crypto miners welcomed the dialogue on the environmental issues of mining with the Massachusetts senator.
SEC Rejects Fidelity’s Wise Origin Bitcoin ETF Proposal
The rejection of a spot bitcoin ETF follows precedent and underlines the SEC's preference for ETFs that track the bitcoin futures market.
A Struggling South Korean Museum Is Auctioning National Treasures; Meet the 2 DAOs Trying to Buy Them
The Gansong Art Museum will be auctioning the sculptures, which the DAOs hope to keep on public display.
XRP Rises as Ripple Announces $200M Share Buyback
Blockchain payments company Ripple has announced it bought back $200 million worth of its Series C shares initially issued in December 2019, bringing the firm's total valuation to $15 billion. The native XRP cryptocurrency climbed 3.8% on the news Wednesday morning. "The Hash" discusses the latest in the world of Ripple amid an ongoing regulatory battle with the SEC.
Meta-Led Diem Now Considering Sale of Assets Amid Increasing Regulatory Pressure
The Diem Association, the Meta Platforms (formerly Facebook)-led group seeking to create a stablecoin, is allegedly considering selling the project's assets to return money to investors. This comes as regulatory pressures have stalled Diem since its conception in 2019. "The Hash" group reflects on Diem and the regulatory lessons to be learned.
