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HK SFC: Two Former Brokers Sentenced to Jail Over False Trading

HK SFC: Two Former Brokers Sentenced to Jail Over False Trading

Two former brokers face jail for false trading in Hong Kong.

Cruz Halts Bipartisan Legislation to Shield Americans from Data Sales

Cruz Halts Bipartisan Legislation to Shield Americans from Data Sales

Texas Republican cites law enforcement concerns as he single-handedly derails bipartisan effort to protect Americans from commercial data exploitation.

Chinese Robinhood Futu & Tiger Brokers To Expand Crypto Trading Abroad

Chinese Robinhood Futu & Tiger Brokers To Expand Crypto Trading Abroad

Two Chinese online brokerages Futu and Tiger Brokers reportedly intend to expand their business into the crypto trading market abroad against stock competitors app, like U.S-based Robinhood.

Interactive Brokers Launches Cryptocurrency Trading Service for US Financial Advisors

Interactive Brokers Launches Cryptocurrency Trading Service for US Financial Advisors

Interactive Brokers has made steps closer to realizing its vision for unlocking broad access to what is regarded as lucrative. The brokerage firm has introduced a crypto trading service on its public market to make cryptocurrencies accessible to retail investors.

IRS Introduces New Form 1099-DA for Reporting Income from Digital Asset Transactions

IRS Introduces New Form 1099-DA for Reporting Income from Digital Asset Transactions

The US IRS has introduced Form 1099-DA for cryptocurrency brokers to report digital asset transactions, aiming to improve compliance and ensure accurate tax reporting from digital assets starting January 1, 2025.

Interactive Brokers Plans to Offer Cryptocurrency Trading by The End of This Summer

Interactive Brokers Plans to Offer Cryptocurrency Trading by The End of This Summer

Interactive Brokers forex exchange company is looking for ways to start offering crypto trading to its clients, aiming at providing service in this summer.

Interactive Brokers Taps OSL To Offer Digital Assets Services in Hong Kong

Interactive Brokers Taps OSL To Offer Digital Assets Services in Hong Kong

Interactive Brokers is working with OSL Digital Securities to expand the use of virtual assets dealing services in Hong Kong, witnessing investors' growing interest in exploring opportunities in investing in crypto-assets.

Analysis: Here is What the New Crypto Bill Mean for the Blockchain Ecosystem?

Analysis: Here is What the New Crypto Bill Mean for the Blockchain Ecosystem?

What are the implications of the newly introduced US Crypto Bill? Blockchain.News recently spoke to crypto experts to comment on the consequences of the bill, and tell us what advantages might bring to the industry.

U.S. Senators Urge Treasury and IRS for Swift Cryptocurrency Tax Rule Implementation

U.S. Senators Urge Treasury and IRS for Swift Cryptocurrency Tax Rule Implementation

A group of U.S. Senators has expressed concern over a two-year delay in implementing tax reporting requirements for crypto brokers, urging the Treasury Department and IRS to expedite the process to close the crypto tax gap, provide clarity for taxpayers, and secure billions in lost tax revenue. The delay contradicts the directives of the Infrastructure Investment and Jobs Act and gives leeway to crypto lobbyists opposing the rule.

Kazakhstan Blocks Coinbase, Citing Digital Asset Law

Kazakhstan Blocks Coinbase, Citing Digital Asset Law

Kazakhstan's Ministry of Culture and Information has blocked Coinbase due to legal conflicts with digital asset regulations, revisiting previous restrictions on other financial platforms.

Thailand SEC Revises its Net Capital Rules In Favor of Crypto Backed Firms

Thailand SEC Revises its Net Capital Rules In Favor of Crypto Backed Firms

Thailand’s Securities and Exchange Commission has made an upward review of its net capital requirement for the securities firm in the country with crypto ties.

Germany’s Federal Financial Regulator Warns Investors Over Bulgarian Crypto Broker

Germany’s Federal Financial Regulator Warns Investors Over Bulgarian Crypto Broker

Bulgarian crypto broker, 5 Capital, has been offering financial services to investors without being approved by the Germany financial watchdog, federal financial supervisory authority (BaFin).

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