Bitcoin SV

<p><img src="https://media.licdn.com/dms/image/C4D0BAQGBc3KzyqgZpQ/company-logo_100_100/0/1630682957789/bsvblockchain_logo?e&#61;1715212800&amp;v&#61;beta&amp;t&#61;mggQhFIPzBx6mgiuC2vWJTd-_FiIqSAgBHuEtocGOJw" /></p><h2 id="header-0"><a href="https://www.linkedin.com/company/bsvblockchain/" rel="noopener noreferrer nofollow">BSV Blockchain</a></h2><p>The Treasury Department and IRS have decided to delay reporting requirements for digital asset transactions exceeding $10,000 until regulatory issuance is complete. Meanwhile, ESMA is cautioning crypto investors that the MiCA regulation may not offer foolproof protection. Additionally, the Polish Financial Supervision Authority (KNF) is in the process of planning legislation that would permit financial penalties on crypto companies.</p><p>The BSV Blockchain Gazette is presented by Bryan Daugherty, Public Affairs Director of Americas for BSV Blockchain, featuring:</p><ul><li><a href="https://www.linkedin.com/company/us-treasury/" rel="noopener noreferrer nofollow">The Treasury Department</a></li><li><a href="https://www.linkedin.com/company/irs/" rel="noopener noreferrer nofollow">IRS</a></li><li><a href="https://www.linkedin.com/company/european-securities-and-markets-authority-esma/" rel="noopener noreferrer nofollow">ESMA</a> (European Securities and Markets Authority)</li><li>The Polish Financial Supervision Authority (KNF)</li><li>GAO (<a href="https://www.linkedin.com/company/us-government/" rel="noopener noreferrer nofollow">Government Accountability Office</a>)</li><li><a href="https://www.linkedin.com/company/terraform-labs/" rel="noopener noreferrer nofollow">Terraform Labs</a> Founder, <a href="https://www.linkedin.com/in/do-kwon/" rel="noopener noreferrer nofollow">Do Kwon</a></li><li><a href="https://www.linkedin.com/company/corescientific/" rel="noopener noreferrer nofollow">Core Scientific</a> (crypto mining company)</li><li><a href="https://www.linkedin.com/company/european-banking-authority/" rel="noopener noreferrer nofollow">European Banking Authority (EBA)</a></li><li><a href="https://www.linkedin.com/company/geminitrust/" rel="noopener noreferrer nofollow">Gemini</a></li><li><a href="https://www.linkedin.com/company/autorit-des-march-s-financiers-amf-france/" rel="noopener noreferrer nofollow">AMF</a> (Financial Markets Authority of France)</li></ul><h3 id="treasury-department-and-irs-temporarily-postpone-reporting-rules-for-digital-asset-transactions">Treasury Department and IRS temporarily postpone reporting rules for digital asset transactions</h3><p>The Treasury Department and IRS announced that they are delaying enforcement of reporting requirements for digital asset transactions over $10,000 until the agencies issue regulations.</p><h3 id="gao-discloses-december-recommendations-to-sec-on-digital-asset-regulation">GAO discloses December recommendations to SEC on digital asset regulation</h3><p>The Government Accountability Office’s (GAO) December recommendations to the SEC on how to address digital assets were made public.</p><h3 id="sec-fraud-trial-against-terraform-labs-delayed-to-march-for-founder-39-s-extradition-hearing">SEC fraud trial against Terraform Labs delayed to March for founder&#39;s extradition hearing</h3><p>US District Judge Jed Rakoff pushed the SEC’s fraud trial against Terraform Labs and its founder, Do Kwon, to March to give Kwon a better chance of attending as he awaits extradition from Montenegro.</p><h3 id="bankruptcy-judge-approves-chapter-11-plan-for-crypto-mining-firm-core-scientific">Bankruptcy Judge approves Chapter 11 plan for crypto mining firm core scientific</h3><p>US Bankruptcy Judge Christopher Lopez approved crypto mining company Core Scientific’s Chapter 11 plan.</p><h3 id="eba-extends-anti-money-laundering-requirements-to-crypto-service-providers-in-eu">EBA extends anti-money laundering requirements to crypto service providers in EU</h3><p>The <a href="https://www.eba.europa.eu/publications-and-media/press-releases/eba-issues-guidance-crypto-asset-service-providers" rel="noopener noreferrer nofollow">European Banking Authority (EBA) issued guidance</a> extending its anti-money laundering and terrorist financing requirements to crypto asset service providers. The guidance highlights money laundering and terrorist financing risk factors and mitigation measures.</p><h3 id="esma-warns-crypto-investors-that-mica-regulation-isn-39-t-foolproof">ESMA warns crypto investors that MiCA regulation isn&#39;t foolproof</h3><p>The European Securities and Markets Authority (ESMA) is warning that the MiCA regulation is not a foolproof safe haven for crypto investors.</p><h3 id="poland-plans-legislation-allowing-financial-penalties-on-crypto-firms">Poland plans legislation allowing financial penalties on crypto firms</h3><p>According to Finance Magnates, the Polish Financial Supervision Authority (KNF) plans to introduce legislation this year that will grant it the power to impose financial penalties on crypto companies.</p><h3 id="gemini-granted-approval-by-french-amf-to-operate-as-virtual-asset-service-provider-vasp">Gemini granted approval by French AMF to operate as Virtual Asset Service Provider (VASP)</h3><p>Gemini reportedly received approval from the French AMF to operate as a virtual asset service provider (VASP).</p>

Treasury and IRS extend reporting rules for digital assets

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