Libra Association Taps Saumya Bhavsar as General Counsel for Payments Subsidiary

by Danny Nelson | Nov 25, 2020 | Hires, Libra Association, News, People, Policy & regulation

Bhavsar joins the Libra Association after 25 years in public and private sector banking regulation roles.

Square Agrees to Buy Credit Karma’s Tax Preparation Service for $50M

by Danny Nelson | Nov 25, 2020 | business, Credit Karma, Crypto Taxes, Intuit, News, Policy & regulation, Square

Cash App will make the DIY tax-prep software available for free to its 30 million monthly users.

US Intelligence Chief Raises Concerns With SEC Over China’s Crypto Dominance: Report

by Daniel Palmer | Nov 25, 2020 | Jay Clayton, News, Office of the Director of National Intelligence, Policy & regulation, SEC

U.S. spy chief John Ratcliffe was reportedly seeking clearer regulation around digital currency.

In India, a Clash of Digital Innovation and Internet Censorship

by Sandali Handagama | Nov 25, 2020 | Censorship, CoinDCX, Digital Payments, India, Policy & regulation, Technology

Among democracies, the Indian government tends to shut down the internet most frequently. Can crypto thrive in this environment?

South Korea May Delay Implementation of 20% Crypto Tax Till 2022

by Daniel Palmer | Nov 25, 2020 | Coinflash, Law, News, Policy & regulation, South Korea, Tax

The National Assembly is pushing for a delay to the tax proposal to allow exchanges more time to prepare.

BIS Paper Says There’s Potential to Embed Regulation Into Stablecoin Systems

by Sebastian Sinclair | Nov 25, 2020 | BIS, News, Policy & regulation, Research, Stablecoins, Tech

The need to regulate global stablecoins like Libra doesn't mean authorities can't embrace innovation, according to according to a BIS working paper.