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Author: Crypto Breaking News

UK Treasury Budget Discusses Separate Reporting of Crypto Assets in Tax Documents

Taxpayers in the United Kingdom will have to report cryptocurrency assets separately in their tax documents for the tax year 2024-25, according to the Exchequer’s recently published spring 2023 budget. New Criminal Offenses Planned by U.K. Government to Combat Tax Avoidance Amid the chaos in the banking sector following the collapse of Silicon Valley Bank’s [...]

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SEC Seeks Court Approval to Freeze Binance US Crypto Assets, Citing Customer Safety Concerns

Author: Crypto Breaking News

United Kingdom

Source: Crypto Breaking News

Jun 07, 2023 05:50

SEC Seeks Court Approval to Freeze Binance US Crypto Assets, Citing Customer Safety Concerns

Seeking court approval, the U.S. Securities and Exchange Commission (SEC) is actively pursuing a measure to freeze cryptocurrency assets linked to Binance US. In order to to “ensure the safety of customer assets,” the securities regulator deems this action as an urgent necessity. SEC Files Emergency Motion to Freeze Assets Held by BAM Management US [...]

The post SEC Seeks Court Approval to Freeze Binance US Crypto Assets, Citing Customer Safety Concerns appeared first on Crypto Breaking News.

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Saxo Bank Ordered to Liquidate Its Portfolio of Crypto Assets by Danish Financial Regulator

Author: Crypto Breaking News

United Kingdom

Source: Crypto Breaking News

Jul 06, 2023 05:50

Saxo Bank Ordered to Liquidate Its Portfolio of Crypto Assets by Danish Financial Regulator

According to a July 4, 2023 press release from the Danish Financial Supervisory Authority, Denmark’s Saxo Bank has been instructed to liquidate its holdings of cryptocurrency assets. The financial regulator maintains that Saxo Bank’s portfolio of crypto assets falls “outside the legal business area of financial institutions” and is in violation of the country’s Financial [...]

The post Saxo Bank Ordered to Liquidate Its Portfolio of Crypto Assets by Danish Financial Regulator appeared first on Crypto Breaking News.

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Bittrex Requests Dismissal of SEC Lawsuit, Arguing for Congressional Approval in Crypto Regulation

Author: Crypto Breaking News

United Kingdom

Source: Crypto Breaking News

Jul 02, 2023 10:30

Bittrex Requests Dismissal of SEC Lawsuit, Arguing for Congressional Approval in Crypto Regulation

According to a recent court filing, the U.S. subsidiary of Bittrex has requested the dismissal of the case filed against the exchange by the U.S. Securities and Exchange Commission (SEC). Attorneys for Bittrex argue that the SEC cannot regulate cryptocurrency assets as securities without approval from Congress. SEC Lawsuit: Bittrex Seeks Dismissal, Citing Lack of [...]

The post Bittrex Requests Dismissal of SEC Lawsuit, Arguing for Congressional Approval in Crypto Regulation appeared first on Crypto Breaking News.

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