Top Headlines
- ??? On Monday morning, the SEC will be holding an open meeting to discuss the adoption of rule amendments for Regulation Crowdfunding (see proposed amendments here). The meeting could result in the eventual increase in the funding cap from $1.07M to $5M, amongst other changes designed to encourage small and medium enterprises to raise capital using the exemption (SEC, Crowdfund Insider)
- Crypto giant Coinbase announced plans to launch their cryptocurrency debit card in the United States later this year. Customers can join the waiting list to receive the new card, which will include their rewards program that launched alongside the Coinbase Card in the United Kingdom and Europe (Tech Crunch)
- The largest bank in Mongolia is planning to offer cryptocurrency services including remittance, loans, custody and management, becoming one of the first major financial institutions to embrace cryptocurrency as the country moves towards inclusion (Coin Telegraph)
Cryptocurrency Spotlight:
- Due to the rising demand for legal resources related to cryptocurrency, the Library of Congress has published a guide to help researchers navigate the collection. The introductory guide compiled federal and state law resources, as well as treatises and Congressional research records (Coindesk, Library of Congress)
- Gemini customers can now monitor their crypto tax bill in real time as well as download their tax report that can then be sent to the IRS (Coin Telegraph)
- Wendy Walker from tax compliance company Sovos has outlined the most important tax reporting aspects of crypto trading now that the IRS has modified the 1040 form (Cointelegraph)
- Daniel Polotsky, CEO of cryptocurrency ATM operator CoinFlip, sat down with Crowdfund Insider to detail their continued US expansion, including increasing the number of Bitcoin ATMs to over 3,000 by the end of 2021
International Spotlight:
- ?? The first IPO accepting cryptocurrency as payment in Australia is launching later this week and is including Tether as a form of acceptable payment. Capital raising platform Stax announced that the raise for West Coast Aquaculture Group will be a “transformative move in Australia and a significant step forward for cryptocurrency adoption in general” (Coin Telegraph)
- ?? The central bank digital currency project in Canada is moving forward, past the proof of concept stage to building a comprehensive plan for their digital loonie, although Gov. Tiff Macklem downplayed the need for rapid development in an interview with Reuters this week
- ?? Fidelity Digital Assets, the cryptocurrency arm of banking giant Fidelity Investments, has expanded their crypto custody service to Asia through Stack Funds in Singapore (Coindesk)
- ?? An employee at a small airport in the region of Calabria in Italy was fired and is under criminal investigation after using the airport’s IT infrastructure to mine Ethereum (Cryptoglobe)