A California federal court has affirmed the legitimacy of the U.S. tax authorities’ summons for data from crypto exchange Bitstamp in connection with an individual tax reporting case.
The Central Bank of Russia and financial monitoring watchdog, Rosfinmonitoring, are preparing to issue a ban on cryptocurrency payments.
The U.S. government will strictly enforce the rules on cryptocurrencies in line with the standards recommended by the Financial Action Task Force (FATF). The Financial Crimes Enforcement Network has reaffirmed that its “Travel” rule applies to cryptocurrencies. Meanwhile, the Federal Reserve has flagged stablecoin as a potential risk to the U.S. financial system in a new report.