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CATEGORY: obligations

Bill Seeks to Oblige South Korean Lawmakers to Declare Crypto Assets
Author: Crypto Breaking News
United Kingdom
Source: Crypto Breaking News
May 24, 2023 02:10

Bill Seeks to Oblige South Korean Lawmakers to Declare Crypto Assets

A new bill requiring South Korean lawmakers to disclose their cryptocurrency holdings has been proposed in Seoul. The legislative initiative comes amid a snowballing scandal surrounding the crypto dealings of an opposition lawmaker whose case has been referred to the parliamentary ethics committee. New Legislation to Introduce Crypto Reporting Requirements for South Korean Parliamentarians Representatives [...]

The post Bill Seeks to Oblige South Korean Lawmakers to Declare Crypto Assets appeared first on Crypto Breaking News.

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ECB President Lagarde Warns of ‘Major Disaster’ If US Defaults on Debt Obligations
Author: Crypto Breaking News
United Kingdom
Source: Crypto Breaking News
Apr 18, 2023 10:30

ECB President Lagarde Warns of ‘Major Disaster’ If US Defaults on Debt Obligations

There is a lot of discussion lately about the U.S. government’s debt ceiling and whether Congress will act before defaulting. In a recent interview, Christine Lagarde, the president of the European Central Bank (ECB), said she is confident the U.S. can maintain its debt obligations. However, she warned that if the U.S. were to default [...]

The post ECB President Lagarde Warns of ‘Major Disaster’ If US Defaults on Debt Obligations appeared first on Crypto Breaking News.

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146 Top Executives Urge Biden to Prevent US Default — Warns of ‘Disastrous Consequences’
Author: Crypto Breaking News
United Kingdom
Source: Crypto Breaking News
May 18, 2023 05:55

146 Top Executives Urge Biden to Prevent US Default — Warns of ‘Disastrous Consequences’

Top executives from 146 major companies in the U.S. — including Morgan Stanley, Goldman Sachs, Nasdaq, and Pfizer — have urged President Joe Biden and congressional leaders to act swiftly to prevent the U.S. from defaulting on its debt, which could occur as early as June 1. They warned of “potentially disastrous consequences” if the [...]

The post 146 Top Executives Urge Biden to Prevent US Default — Warns of ‘Disastrous Consequences’ appeared first on Crypto Breaking News.

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Blockfi Announces Self-Liquidation Plan After Failed Attempts to Sell Company
Author: Crypto Breaking News
United Kingdom
Source: Crypto Breaking News
May 16, 2023 02:10

Blockfi Announces Self-Liquidation Plan After Failed Attempts to Sell Company

The now-defunct crypto lender Blockfi has recently filed a court document outlining its plans to liquidate the company. The firm has come to the realization that selling the company would not be beneficial to its creditors. As a result, Blockfi has decided to take matters into its own hands and proceed with a self-liquidating transaction. [...]

The post Blockfi Announces Self-Liquidation Plan After Failed Attempts to Sell Company appeared first on Crypto Breaking News.

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SEC Chair Gensler’s Alleged Past Interest in Advising Binance Surfaces Amidst Legal Battle
Author: Crypto Breaking News
United Kingdom
Source: Crypto Breaking News
Jun 08, 2023 10:30

SEC Chair Gensler’s Alleged Past Interest in Advising Binance Surfaces Amidst Legal Battle

Lawyers for Binance claim that current U.S. Securities and Exchange Commission (SEC) chair Gary Gensler once sought to become an advisor for the exchange back in 2019. This purported application occurred while Gensler was teaching at the Massachusetts Institute of Technology (MIT) and coincided with his discussion of the crypto network Algorand during a blockchain [...]

The post SEC Chair Gensler’s Alleged Past Interest in Advising Binance Surfaces Amidst Legal Battle appeared first on Crypto Breaking News.

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Fed Chair Warns of ‘Uncertain and Adverse’ Consequences of US Debt Default — ‘We’d Be in Uncharted Territory’
Author: Crypto Breaking News
United Kingdom
Source: Crypto Breaking News
May 06, 2023 05:50

Fed Chair Warns of ‘Uncertain and Adverse’ Consequences of US Debt Default — ‘We’d Be in Uncharted Territory’

Federal Reserve Chairman Jerome Powell has warned of “highly uncertain and adverse” economic consequences if the U.S. defaults on its debt obligations. “No one should assume that the Fed can protect the economy from the potential short and long-term effects of a failure to pay our bills on time,” he further cautioned. Fed Chair Jerome [...]

The post Fed Chair Warns of ‘Uncertain and Adverse’ Consequences of US Debt Default — ‘We’d Be in Uncharted Territory’ appeared first on Crypto Breaking News.

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US Judge Orders Kraken to Release Customer Data to IRS in Cryptocurrency Tax Probe
Author: btcethereumadmin
United States
Source: BTC Ethereum Crypto Currency Blog
Jul 01, 2023 01:20

US Judge Orders Kraken to Release Customer Data to IRS in Cryptocurrency Tax Probe

Kraken, the San Francisco-headquartered digital currency exchange, has received a court order from a U.S. judge requiring the release of customer data to the Internal Revenue Service (IRS). The court filing, submitted on Friday, states that the IRS is seeking details pertaining to accounts that registered an annual trading activity of $20,000 or higher during

The post US Judge Orders Kraken to Release Customer Data to IRS in Cryptocurrency Tax Probe appeared first on BTC Ethereum Crypto Currency Blog.

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