Crypto News 

US Treasury Official Asks Global Regulators to…

“More countries need to put cryptocurrency regulations in place to protect the financial system and national security” writes Rebecca Campbell for livebitcoinnews.com. Giving a speech before the Securities Industry and Financial Markets Association Anti-Money Laundering and Financial Crimes Conference, Sigal Mandelker said that criminals are trying to find innovative ways around their controls to exploit the financial system.Whereas, Singapore’s Deputy Prime Minister Tharman Shanmugaratnam, has expressed the view that there is ‘no strong case to ban cryptocurrency trading‘ as they don’t pose a risk to the country’s financial system.Yet, while she has called for…

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Trump triggers IRS cut of 298 tax regulations

“One directed each government agency to conduct a review of existing regulations, while another instructed the IRS to simplify the tax code through deregulation” writes Brittany De Lea for foxbusiness.com. The rules either apply to the old tax code, to provisions that have been significantly revised or are just no longer relevant.The regulations the IRS has identified for removal have “no current or future applicability and, therefore, no longer provide useful guidance,” the agency said.The Internal Revenue Service (IRS) announced on Tuesday that it intends to eliminate 298 tax regulations…

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Treasury wipes 300 IRS regulations off the books

“Trump has called on his administration to kill regulations that are duplicative or outdated and the Treasury list is a good example of those” writes Paul Bedard for washingtonexaminer.com. The proposed removal and amendment of these regulations may affect various categories of taxpayers.” The administration has more than achieved Trump’s campaign promise to kill two regulations for every new one created.The Treasury Department has joined in with other key agencies to make good on President Trump’s promise to substantially reduce regulations, targeting nearly 300 Internal Revenue Service rules for the…

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Grand Canyon crash that killed Britons happened on tribal land with fewer aviation regulations

“Unlike the national park, air tours on the Hualapai reservation are not subject to federal regulations that restrict routes, impose curfews and cap the amount of flights over the Grand Canyon each year” writes Telegraph Reporters for telegraph.co.uk. Investigators are continuing to probe what caused a helicopter to plunge into the Grand Canyon as it emerged that the crash happened on tribal land where air tours are not as highly regulated as those inside the national park itself. Source: telegraph.co.uk Share This:

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FEC commissioner who blocked regulation of Drudge, Internet, steps down

“During his nearly five years, he revised FEC regulations to conform them to the Citizens United and McCutcheon court decisions, efforts that were stalled when he joined the agency” writes Paul Bedard for washingtonexaminer.com. Lee E. Goodman, who led a battle to stop Democrats from imposing political regulations on the Internet and news sites like the Drudge Report and other media, is stepping down from the Federal Election Commission. Source: washingtonexaminer.com Share This:

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Dick’s Sporting Goods to benefit from Eagles Super Bowl championship, new Little League bat regulations

“DKS, +2.64% will benefit from two near-term same-store sales drivers, according to the latest note from J.P Morgan: the Eagles Super Bowl win and new Little League bat regulations” writes Tonya Garcia for marketwatch.com. New Little League bat regulations could give the first quarter a 50-to-75 basis point lift as all participating teams replace their bats.Dick’s shares are up nearly 26% for the last three months, but down 40.1% for the last 12 months.J.P. Morgan rates Dick’s shares overweight with a $43 price target. Source: marketwatch.com Share This:

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Crypto Markets News 

China is moving to eliminate all cryptocurrency trading with a ban on foreign exchanges

“China has previously taken steps to curb cryptocurrency trading in the country, but recent moves may eliminate trading in the country completely” writes Finanzen Net Gmbh for businessinsider.com. Cao added that most of the Chinese ICO’s, are invested in by Chinese investors, so a complete cryptocurrency shutdown would drag the entire cryptocurrency market down. The country did not ban all crypto trading, however did tighten regulations on anonymous trading, and has set the tone for other countries looking to crackdown on the cryptocurrency market.The bans have already affected major cryptocurrency…

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Crypto Markets News 

South Korea: Cryptocurrency Regulations Come Into Play, Price Responds Negatively

“New rules regarding cryptocurrency have come into effect today in South Korea” reports newsbtc.com. However, many within the cryptocurrency space are optimistic about the legislation that South Korea has introduced.The legislation seeks to tackle money laundering and to bring the space in line with banks’ KYC (know your customer) obligations.Earlier, the price of Bitcoin fell from its GMT open of almost $11,300 to just over $10,200, according to industry price website Coinmarketcap.In an email to CNBC, a spokesperson said it was still too early to tell what the effects of…

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