From michaelwest.com.au: US President Donald Trump announced on social media that five cryptocurrencies, including bitcoin and ether, will be included in a new US strategic reserve of digital assets, leading to significant spikes in their market values.… read more
From www.icaew.com: (UK context) ICAEW is collaborating with six other organizations to assist cryptoasset owners and reporting cryptoasset service providers in adapting to the UK’s implementation of the cryptoasset reporting framework (CARF).… read more
From financialnewswire.com.au: Joe Longo, chair of ASIC, reaffirmed his stance on cryptocurrencies during a Senate Estimates hearing, claiming that they are highly speculative and risky investments that should be approached with caution.… read more
From www.aicd.com.au: Directors must evaluate their engagement with cryptocurrency by considering key questions about its strategic fit, credibility, and potential impact on reputation, while staying compliant with evolving regulations.… read more
From piperalderman.com.au: Australia has imposed sanctions on Zservers, a Russian bulletproof hosting provider linked to ransomware attacks by the LockBit gang, in a coordinated effort with the US and UK.… read more
From www.bleepingcomputer.com: An unknown attacker has stolen over $1.46 billion worth of cryptocurrency from Bybit’s ETH cold wallet through a sophisticated manipulation of a transaction aimed at transferring funds to a warm wallet.… read more
From www.superreview.com.au: John Pearce, the CIO of UniSuper, has labelled the recent crypto rally as a “sign of irrational exuberance” and asserting that the fund’s members’ savings would not be invested in such assets.… read more
From piperalderman.com.au: Australia’s Anti-Money Laundering and Counter-Terrorism Financing Amendment Act 2024 introduces significant reforms, expanding regulations to cover virtual assets, clarifying customer due diligence obligations, and streamlining compliance reporting processes.… read more
From www.smsfadviser.com: Smaller cryptocurrencies can pose challenges for audits as more newly established SMSFs invest in them, especially as the 28 February deadline for annual returns approaches.… read more
From www.accountingtoday.com: (US context) Decentralized finance (DeFi) companies received a two-year delay in reporting customer digital assets to tax authorities, with new regulations from the Treasury and IRS effective from January 1, 2027.… read more
From www.icaew.com: (UK context) The Financial Conduct Authority plans to regulate the cryptoasset sector in the UK and is seeking industry feedback as UK crypto ownership rises.… read more
From www.bleepingcomputer.com: Android and iOS apps available on Google Play and the Apple App Store have been found to contain a malicious SDK known as “SparkCat,” which steals cryptocurrency wallet recovery phrases using optical character recognition.… read more
From tractionfintech.com: Cryptocurrency CFDs and OTC derivatives referencing cryptocurrencies are now classified as commodity derivatives under ASIC’s Reporting Rules, following the ASIC Rewrite effective October 21, 2024.… read more
From piperalderman.com.au: Donald Trump launched the $TRUMP token, a memecoin on the Solana blockchain, aiming to commemorate his legacy, while concerns about market manipulation and regulatory scrutiny arise due to its tokenomics, which show a significant insider allocation.… read more
From www.accountingtoday.com: (US context) The IRS continues to address the taxation of digital assets, treating them similarly to other property, and has focused on broker reporting to enhance compliance.… read more