The Regulators are Coming: Biden Eyes Taxing Crypto, Thailand Clamps Down

by ecadmin
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The first half of this year saw massive rallies in crypto, and big regulatory moves in response. 

Key Points:

Biden Administration to require banks/exchanges/blockchain/crypto/defi companies to report Crypto transactions over $10,000 to the IRS.
Thailand SEC Cracks Down: Effective June 11, 2021, Meme Tokens (Such as Doge), Fan Tokens, NFTs and Exchange Tokens cannot be traded in Thailand.
Regulation fears one reason for the recent crypto dip. Some worry more regulation will cause further declines for all cryptocurrencies.

Crypto Regulation in the US Rears its Ugly Head

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