Regulatory Roundup: Crypto Regulations Advance Despite Global Crisis, Cash Shortages, Bank Closures

In this roundup, we cover crypto regulatory developments amid the global crisis effected by the coronavirus outbreak, bank closures, interest rate cuts, and plunging stock …

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Tax Expert: IRS Crypto Question ‘Unconstitutional,’ Card Points, Flyer Miles Could Be Virtual Currency – Bitcoin News

While its well-known that the revised Schedule 1 form for U.S. taxpayers now contains a question about cryptocurrencies, what is lesser discussed are the legal …

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US State Wants to Legally Seize Unclaimed Cryptocurrencies Left at Custodians – Bitcoin News

The U.S. state of Illinois has advanced a bill to consider unclaimed cryptocurrencies at custodians abandoned after five years. The coins will then be liquidated …

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50 Companies Back New Cryptocurrency Project Competing With Facebook’s Libra – Bitcoin News

Some members of the Libra Association are now backing a rival project called Celo, which has its own blockchain and cryptocurrency. Over 50 major companies …

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US Lawmaker Introduces Crypto-Currency Act of 2020 While Under Coronavirus Quarantine – Bitcoin News

A U.S. congressman from Arizona has introduced the Cryptocurrency Act of 2020 while under coronavirus quarantine. The bill clarifies which federal agencies regulate which type …

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US Develops Cryptocurrency Intelligence Program Targeting P2P Sites, Forums, Darknet Markets – Bitcoin News

The U.S. Department of Homeland Security has revealed a cryptocurrency intelligence program aimed at identifying unlicensed crypto businesses using P2P sites, online forums, and darknet …

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Regulatory Roundup: Trump’s Cryptocurrency Proposals, IRS Changes Rule, China Quarantines Cash – Bitcoin News

In this roundup, we cover numerous cryptocurrency regulatory developments in the U.S., including President Trump’s crypto proposals, testimonies by the Federal Reserve chairman and the …

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84 PBOC Digital Currency Patents Show the Extent of China’s Digital Yuan – Bitcoin News

The People’s Bank of China (PBOC) has reportedly filed 84 patents relating to its plans to launch a digital currency. The patents reveal the central …

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Trump Views Crypto a Threat, Proposes Countermeasures in New Budget – Bitcoin News

The White House released the Budget of the U.S. Government on Monday, outlining some proposals to increase cryptocurrency oversight which President Donald Trump views as …

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