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India's Finance Minister Says Discussions Underway on Global Framework to Regulate Crypto Ahead of G20 Summit
5.9.2023
India’s Finance Minister Nirmala Sitharaman confirmed that discussions are underway on global crypto regulations ahead of the G20 summit.
India is all set to chair the upcoming G20 meeting between world’s most powerful countries later this week where crypto regulations is going to be one of...
Crypto Scams on Rise in Portugal as Two Investors Lose Over $312k
5.9.2023
Two Portuguese citizens have lost over $312,000 to crypto scammers, with police claiming that more people are falling victim to crypto fraudsters.
Per CM-TV, the two individuals hail from Cantanhede, in Portugal’s Coimbra District.
The duo appear to have been promised they could expect “quick...
RBI Governor Touts CBDC as Solution to 'High Cost, Low Speed' Cross-Border Payments
5.9.2023
Reserve Bank of India’s (RBI) Governor Shaktikanta Das has touted Central Bank Digital Currencies (CBDCs) as a solution to 'high cost, low speed' cross-border payments.
In a recent keynote address at the G20 TechSprint Finale 2023 in Mumbai, RBI Governor emphasized the potential of CBDCs...
Singapore's New President Has a History of Disapproving Crypto
5.9.2023
Singapore's newly elected president, Tharman Shanmugaratnam, had once called crypto “inherently purely speculative and slightly crazy”.
With 70.4% of the vote, Shanmugaratnam has become Singapore's 9th president, succeeding Halimah Yacob, the country's first female head of state.
However, to...
Tax the Metaverse Calls Gain Momentum Following Scholarly Research
5.9.2023
A new research paper from Harvard legal scholar Christine Kim argues that the same tax principles that apply to physical world income should extend to the metaverse.
Christine Kim, a law professor at Yeshiva University, laid out the case for taxing the metaverse in her recent paper "Taxing...
Legal Battle Unfolds: HelbizCoin Investors Win Court Ruling in Class-Action Lawsuit
4.9.2023
A United States federal court has taken a significant step in allowing a nearly three-year-long class-action lawsuit to proceed against the creators of HelbizCoin.
The case was initially filed in 2020 against Helbiz, its CEO Salvatore Palella, and its partners, with an amended complaint filed...
Travel Rule Enforcement Begins for Crypto Firms in the UK – Here's What You Need to Know
4.9.2023
Virtual Asset Service Providers (VASPs) in the UK are from September 1 required to collect, verify and share information on crypto transactions to firms “in the UK, or any jurisdiction that has implemented the Travel Rule.”...
Read More: Travel Rule Enforcement Begins for Crypto Firms in the UK...
OKX In Final Stage To Obtain Hong Kong VASP License As Retail Trading Market Grows
4.9.2023
Digital asset exchange, OKX has entered the final stage to obtain a Virtual Asset Service Provider License (VASP) in Hong Kong.
Hong Kong’s pro-crypto stance in 2023 has seen firms apply for licenses to offer multiple crypto trading services in the country.
At the moment, Hong Kong authorities...
Blockchain Security Firm Peckshield Identifies Strange Transactions in Crypto Casino Stake Wallet – What’s Going On?
4.9.2023
Blockchain security firms Peckshield and Cyvers have detected multiple suspected transactions with wallets linked to crypto casino, Stake.
Etherscan data shows that wallet 0x3130662aece32F05753D00A7B95C0444150BCd3C received about $16 million worth of different cryptocurrencies before it...
Inside India's Crypto Landscape: WazirX's Menon Explores Global Regulations
4.9.2023
In a recent captivating conversation with Rajagopal Menon, Vice President of WazirX, we ventured into the intricate world of crypto regulation both on Indian soil and in the global arena.
As Prime Minister Modi's clarion call for unified international crypto regulations reverberated at the...
LSE Group begins exploring blockchain for traditional financial assets
4.9.2023
The LSE Group, which stands for London Stock Exchange Group, has said that it is venturing out to explore the possible use cases of blockchain technology for traditional financial assets. Blockchain technology is known to support crypto assets like BTC and ETH. However, the Group is in talks...
Nigeria Tops Global Crypto Data With 99% Awareness: ConsenSys Report
4.9.2023
A recent survey shows Nigeria as the most crypto-savvy nation ahead of the United States and European countries.
According to a new report from YouGov and ConsenSys, Nigeria’s crypto awareness stands at 99% as the country leads in digital asset knowledge and perceived investment drive....
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Matter Labs CEO Alex Gluchowski Proposes Ethereum Hierarchical Court System for Enhanced Network Security
4.9.2023
In a recent X thread, Matter Labs co-founder and CEO Alex Gluchowski ignited a debate within the Ethereum community by proposing the creation of an "Ethereum Supreme Court" to address the ongoing challenges surrounding smart contract implementation risks in the decentralized finance (DeFi)...
MDT announces partnership with DWF Labs
4.9.2023
MDT, short for Measurable Data Token, has announced its strategic partnership with DWF Labs. The announcement comes based on the mutual mission of powering the future through a perfect blend of data and Artificial Intelligence. Together, they will help drive the adoption of decentralized data value...
Report: London Stock Exchange Group Mulls Blockchain-Based Trading for Traditional Financial Assets
4.9.2023
The London Stock Exchange Group (LSEG) is exploring the potential for using blockchain to offer extensive trading of traditional financial assets, a company executive told the Financial Times on Monday.
Per Murray Roos, head of capital markets at the LSEG, the company has reached an “inflection...
State Bank of India Introduces UPI Integration for Digital Rupee
4.9.2023
India's largest public sector bank, State Bank of India (SBI), has introduced UPI (Unified Payments Interface) interoperability with Digital Rupee, India’s Central Bank Digital Currency (CBDC).
Currently, there are 300 million UPI users and 500 million merchants who use UPI to accept money...
China’s Central Bank Official Stresses on Use of Digital Yuan in Retail Sectors
4.9.2023
The head of the Digital Currency Research Institute at the People's Bank of China (PBOC), Changchun Mu, has emphasized the necessity of making the digital yuan available for all retail payment scenarios.
Mu made this statement during a trade forum held in Beijing, where he also underscored...
Japan Edging Toward Crypto Tax Reform
4.9.2023
Japan is moving toward crypto tax reforms, with the nation’s top financial regulator set to change the way it taxes domestic crypto firms.
Per the Japanese media outlet CoinPost and an official Financial Services Agency (FSA) release, the regulator has submitted legislation-change requests to...
FTX-Linked Wallet Moves $10 Million in Altcoins Ahead of Bankruptcy Hearing
4.9.2023
Bankrupt crypto exchange FTX’s Solana wallet has moved $10 million in altocoins to Ethereum network through the Wormhole bridge in the last 4 days, sparking fears of more token dumps in the market.
In a filing submitted the previous month, FTX debtors proposed a structured approach to crypto...
Crypto Regulation: Binance Australia's General Manager Ben Rose Provides Perspective on Digital Asset Laws
2.9.2023
During an interview at the Intersekt Fintech conference in Melbourne, Australia, on August 31, Ben Rose, General Manager of Binance Australia, expressed strong confidence in the ability of Australian regulators to make informed decisions regarding digital asset regulations in the country.
Rose's...