Regulators in Ukraine, Russia Tell Banks to Block Certain Types of Crypto Transfers

Banks on both sides of the Russia-Ukraine war are taking measures to restrict the flow of crypto funds overseas, with central banks keen to limit private citizens from making crypto-related cross-border transactions through banks. Forklog’s Ukraine service reported that PrivatBank, one of Ukraine’s largest commercial banks, had “temporarily banned its clients from transferring” fiat hryvnia holdings to crypto exchanges, claiming […]


Indian Crypto Tax Move, Shorting Coinbase, FTX and Gemini in New Markets + More News

Taxes news India won’t allow losses incurred in a particular digital asset to be set off against income from another version of a crypto holding, Bloomberg reported, citing a junior finance minister. “We fear the lack of provision to offset losses will drive away users from KYC-compliant exchanges and platforms to the underground peer-to-peer grey market, […]


‘Developing Economies’ Tracking El Salvador’s Bitcoin Moves with Interest

Conventional financial managers are still skeptical about El Salvador’s prospects of launching a new economic paradigm on the back of a forthcoming bitcoin (BTC) bond issuance. But other nations may be looking to the Central American nation with keen interest – hopeful of following suit if El Salvador’s move to adopt BTC as legal tender last year pays […]


Goldman Sachs Executed Cash-Settled Bitcoin Options Trade – Reports

Source: Adobe/Rafael Henrique   Investment banking giant Goldman Sachs is “close to announcing” that it is the first major bank in the US to trade an over-the-counter (OTC) crypto transaction, per multiple reports. The bank traded a non-deliverable bitcoin (BTC) option – a derivative tied to the BTC price that pays out in cash – with crypto merchant bank Galaxy […]


SEC Warns Against Interest-Bearing Crypto Accounts — Says They’re Riskier Than Bank Deposits SEC

The U.S. Securities and Exchange Commission (SEC) has warned investors about the “risks with accounts that pay interest on crypto-asset deposits.” The warning coincides with the first enforcement action the agency took against crypto lending platforms. SEC Warns About Risks in Interest-Bearing Crypto Accounts The U.S. Securities and Exchange Commission’s Office of Investor Education and […]


Here’s what Gensler discerns about the XRP-Ether security v. not a security debate

In a recent Fox Business News interview, the SEC chair offered some more clarity with respect to regulations, with the focus being on the evergreen security v., not a security debate. Obsolete regulations Specifically outlining what falls under the purview of security, Gensler went on to highlight how in the 1930s, after the collapse of the […]