RATE Group | Regulatory Roundup: Trump’s Cryptocurrency Proposals, IRS Changes Rule, China Quarantine…
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Regulatory Roundup: Trump’s Cryptocurrency Proposals, IRS Changes Rule, China Quarantine…

18 Feb Regulatory Roundup: Trump’s Cryptocurrency Proposals, IRS Changes Rule, China Quarantine…

Posted at 13:06h in Cryptocurrency News by

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Regulatory Roundup: Trump's Cryptocurrency Proposals, IRS Changes Rule, China Quarantines Cash

In this roundup, we cover numerous cryptocurrency regulatory developments in the U.S., including President Trump’s crypto proposals, testimonies by the Federal Reserve chairman and the Treasury secretary, a crypto-friendly SEC proposal, and the IRS changing a crypto tax rule. We also cover China quarantining yuan bills, its central bank filing 84 digital currency patents, 40 German banks wanting to offer crypto services, several blockchain initiatives by the Indian government and more.

Also read: Regulatory Roundup – New US Crypto Tax Bill, Central Banks Join Forces on Digital Currencies

Trump’s Budget, Fed Chair’s Testimony, SEC Proposal

It has been a busy week for the U.S. government trying to regulate the crypto space. Perceiving cryptocurrency as a threat, President Donald Trump proposed a few measures to increase oversight of the industry in his new budget. He wants to return the Secret Service to the Treasury “to create new efficiencies…

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