In brief
New York State Assemblymember Phil Steck proposed a 0.2% excise tax on cryptocurrency transactions.
He estimates that the tax would generate $158 million annually, based on Chainalysis data from 2022…
The Federal Reserve continued its relaxation of crypto oversight on Friday with a move to shut down a two-year-old supervisory program intended to keep a special eye on banks' crypto…
CRYPTO DROPS AFTER PPI, HUGE LIQUIDATIONS, TRUMP-PUTIN TO MEETCrypto drops after hot US PPI, $1.1bn of liquidations. US only wants budget neutral BTC accumulation. US government owns $24b crypto: Arkham.…
The Federal Reserve said Friday that it was ending a supervisory program aimed at monitoring U.S. banks offering crypto services.America's central bank back in 2023 forced banks wanting to get…
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Crypto kiosks or automatic teller machines (ATMs) are facing increasing pushback from US regulators amid concerns about fraud and crime.Once seen as a bellwether of crypto adoption, crypto ATMs, which…
In brief
Authorities in Texas have seized $2.8M in crypto, $70K cash, and a luxury car from alleged ransomware operator Ianis Aleksandrovich Antropenko.
Antropenko is accused of using Zeppelin ransomware to extort…
The Bank for International Settlements (BIS) has proposed a provenance-based risk score system for crypto-to-fiat off-ramps.In its Wednesday BIS Bulletin, the institution outlined “an approach to anti-money laundering compliance for…
By James Van Straten (All times ET unless indicated otherwise)Bitcoin's (BTC) flirt with a record high $124,000 on Thursday was followed by a drop that led to it closing last…
The Hong Kong Securities and Futures Commission (SFC) issued immediately effective guidance on cryptocurrency custody standards, introducing sweeping security requirements and a ban on smart contracts in cold wallet implementations.In…