Crypto Regulation
Price action, regulation and adoption news on Crypto Regulation. Tracking 4 stories on Arth Vani.
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Latest on Crypto Regulation
JPMorgan Drops Crypto Prediction Platform Polymarket Over Regulatory Concerns
Financial giant JPMorgan Chase has reportedly severed its banking relationship with Polymarket, a crypto-based prediction market. The move stems from unnamed regulatory concerns, highlighting the increasing scrutiny traditional banks apply to digital asset firms.
WisdomTree Exec: SEC Allowed Money Market Fund to Trade Like a Stablecoin
Will Peck from global investment firm WisdomTree stated that the US Securities and Exchange Commission (SEC) has permitted a money market fund to function similarly to a stablecoin. This comment highlights a potential convergence between traditional finance and the evolving cryptocurrency space, signaling innovation in stable investment products.
BreakingCrypto Exchanges Must Now Collect User Tax Residency and ID Details in India
Indian crypto exchanges are now mandated to collect tax residency and identification details from all users, aligning with new regulations from the Central Board of Direct Taxes (CBDT). This move is part of India's commitment to the OECD's global Crypto Asset Reporting Framework (CARF) and will see transaction data shared annually with tax authorities starting next financial year.
Coinbase Secures UK License for Stocks & Derivatives, Expanding Beyond Crypto
Global crypto exchange Coinbase has received a license in the UK to offer traditional financial products like stocks and derivatives, in addition to its existing cryptocurrency services. This move signifies a major expansion for Coinbase into mainstream finance, potentially setting a precedent for other crypto firms.
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