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Regulation news
The Monetary Authority of Singapore (MAS) reprimanded hedge fund Three Arrows Capital for providing false information to the MAS and exceeding the assets under management (AUM) threshold allowed for a registered fund management company. The watchdog has been investigating these contraventions since June 2021, they said, and the MAS is now assessing if there were further breaches.
The US Treasury Department and the Internal Revenue Service (IRS) are likely to push off a January date for crypto brokers and exchanges to begin tracking data such as customers’ capital gains and losses, Bloomberg reported, citing undisclosed people familiar with the matter. Under a law passed by Congress last November, crypto firms are supposed to begin recording their clients’ detailed transaction data in 2023, they said.
Investments news...
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INN caught up with cryptocurrency investment expert Dan Hoover to review the current landscape and where the market may be heading. The cryptocurrency investment marketplace has gone through severa...