Coinbase CEO: “Very Optimistic” About Bitcoin Spot ETF Approval Next Year
Coinbase CEO Brian Armstrong is “pretty optimistic” about the approval of a Bitcoin spot ETF. He emphasized that although there is no internal information about this matter, judging from all the public content he has seen, the approval of the Bitcoin spot ETF is getting closer and closer. He added that he was “very optimistic” about the approval of a Bitcoin spot ETF next year. Of the 13 potential Bitcoin ETF issuers, 10 chose Coinbase Custody as their custodian. This means Coinbase may hold ...
Coinbase CEO: “Very Optimistic” About Bitcoin Spot ETF Approval Next Year
Coinbase CEO Brian Armstrong is “pretty optimistic” about the approval of a Bitcoin spot ETF. He emphasized that although there is no internal information about this matter, judging from all the public content he has seen, the approval of the Bitcoin spot ETF is getting closer and closer. He added that he was “very optimistic” about the approval of a Bitcoin spot ETF next year. Of the 13 potential Bitcoin ETF issuers, 10 chose Coinbase Custody as their custodian. This means Coinbase may hold ...
Estonian court refuses to extradite two alleged co-founders of cloud mining company Hashflare to the United States
The two co-founders of Bitcoin cloud mining company Hashflare, Ivan Turogin and Sergei Potapenko, who face 18 charges of fraud and money laundering, have successfully appealed their extradition to the United States from Estonia, the Estonian Tallinn Circuit Court said in a statement. On November 29, it overturned a lower court order denying their extradition to the United States. Their defense presented "evidence concerning conditions of detention in the United States" that the government fai...
Estonian court refuses to extradite two alleged co-founders of cloud mining company Hashflare to the United States
The two co-founders of Bitcoin cloud mining company Hashflare, Ivan Turogin and Sergei Potapenko, who face 18 charges of fraud and money laundering, have successfully appealed their extradition to the United States from Estonia, the Estonian Tallinn Circuit Court said in a statement. On November 29, it overturned a lower court order denying their extradition to the United States. Their defense presented "evidence concerning conditions of detention in the United States" that the government fai...
Cryptocurrency mixing service Sinbad sanctioned by U.S. Treasury over allegations related to North Korean hackers
The U.S. Treasury Department has blocked cryptocurrency mixing service Sinbad from the global dollar financial system for supporting transactions linked to a North Korean hacking group. Sinbad's website has also been blocked by the FBI, the Dutch Financial Intelligence Bureau, the Dutch Prosecutor's Office and the Finnish National Investigation Service. The U.S. Treasury Department describes Sinbad as a "virtual currency mixer and primary money laundering vehicle for the OFAC-design...
Cryptocurrency mixing service Sinbad sanctioned by U.S. Treasury over allegations related to North Korean hackers
The U.S. Treasury Department has blocked cryptocurrency mixing service Sinbad from the global dollar financial system for supporting transactions linked to a North Korean hacking group. Sinbad's website has also been blocked by the FBI, the Dutch Financial Intelligence Bureau, the Dutch Prosecutor's Office and the Finnish National Investigation Service. The U.S. Treasury Department describes Sinbad as a "virtual currency mixer and primary money laundering vehicle for the OFAC-design...
Bitcoin Group is addressing “serious flaws” in anti-money laundering measures raised by German regulators
German financial regulator BaFin has ordered subsidiaries of Bitcoin Group (ADE) to address some shortcomings in internal anti-money laundering measures. In a notice sent to the group's Futurum Bank unit in October and released publicly on Tuesday, the regulator said it had found "serious deficiencies" in the company's internal security measures, due diligence obligations and suspicious activity reporting systems. Bitcoin Group subsequently issued a statement stating that it was tak...
Bitcoin Group is addressing “serious flaws” in anti-money laundering measures raised by German regulators
German financial regulator BaFin has ordered subsidiaries of Bitcoin Group (ADE) to address some shortcomings in internal anti-money laundering measures. In a notice sent to the group's Futurum Bank unit in October and released publicly on Tuesday, the regulator said it had found "serious deficiencies" in the company's internal security measures, due diligence obligations and suspicious activity reporting systems. Bitcoin Group subsequently issued a statement stating that it was tak...
Spanish citizens will declare cryptocurrency holdings on foreign platforms by the end of March next year
Under new laws governing the taxation of virtual assets, Spanish residents will need to declare any crypto assets held on non-Spanish platforms by March 31, 2024. To this end, the Spanish Tax Authority (AEAT) has previously issued Form 721, which is an overseas virtual asset tax return and was first published in the Official Gazette on July 29, 2023. The deadline to file Form 721 begins January 1, 2024 and ends on the last day of March. Individual and corporate taxpayers need to declare the a...
Spanish citizens will declare cryptocurrency holdings on foreign platforms by the end of March next year
Under new laws governing the taxation of virtual assets, Spanish residents will need to declare any crypto assets held on non-Spanish platforms by March 31, 2024. To this end, the Spanish Tax Authority (AEAT) has previously issued Form 721, which is an overseas virtual asset tax return and was first published in the Official Gazette on July 29, 2023. The deadline to file Form 721 begins January 1, 2024 and ends on the last day of March. Individual and corporate taxpayers need to declare the a...
