With the new legislation, Wyoming may become the first state in the U.S. where banks are allowed to provide custodial services for digital assets.
The ongoing government shutdown achieved a new milestone on Friday by hitting the record for the longest shutdown in US history. While all the spheres are negatively affected, this has laso put key developments in the crypto space on hold.
The regulatory watchdog has recently published a report which talks about the examination and compliance inspection of the emerging cryptocurrency market.
New York always leads in the financial world. Recently, the state created a task force to determine the perfect balance to regulate cryptocurrencies expected to take over the global financial space.
Two U.S. congressmen Warren Davidson and Darren Soto, are introducing a bill that would exclude digital currencies from securities classification and substantially improve the tax treatment for cryptocurrencies.
Congressman Darren Soto and Ted Budd have introduced the bills that direct the CFTC and other financial regulators to make recommendations for how to improve the crypto regulatory environment for both consumers and businesses.
U.S. lawmakers have called on the Internal Revenue Service to clarify a guidance for taxpayers earning gains on cryptocurrencies.
If adopted, the proposed amendment will enable candidates for public office in California to receive donations in bitcoin and other digital currencies.
The new fintech regulatory sandbox will look into activities of individual microlending while developing new alternatives for the traditional credit scores.
The latest Congressional Hearing had academic, engineering and entrepreneurial experts discussing how digital currencies should be dealt amid the existing need of innovation and education in this space.