Even after all the hiccups and troubles that it had to face, Huobi Global has finally made a promising announcement for its users. The news has not only come out as a positive thing for the Huobi Global users but also for the entire cryptocurrency community. Huobi Global is one of the most prominent and…
Category: Cryptocurrency Regulation
Securities Regulator of Hong Kong Sets Eyes to Bring Country’s Crypto Trading Platforms Into Regulatory Framework
A news report confirmed that the Government of Hong Kong is in the process of bringing amendments to existing crypto laws. A fresh consultation piece compiled by Clara Chiu, Director of Hong Kong’s Securities & Futures Commission (SFC) had been published. In this consultation piece, Chiu had detailed that amendments will be brought into the…
TradeStation Crypto Launching Lending Service
TradeStation Group’s crypto-focused subsidiary, TradeStation Crypto, has been running tests for a crypto lending service for some time now. Now, the firm has officially made an announcement about a partnership that would allow customers to get access to credit facilities easily. Earlier this week, a press release was published, which highlighted that Zero Hash, a…
US IRS Issues 2020 Draft Guidance – Taxpayers To Give More Details Instead of Informing Mere Holding of Crypto
The Internal Revenue Services (IRS) of the US issued 2020 draft guidance for the purposes of Federal Income Tax. Includes questions relating to providing information regarding the holding of crypto assets by the taxpayers. In September, IRS had publicly announced that it will include a revised questionnaire in its annual return form regarding crypto. Taxpayers…