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Head of the State Duma’s Financial Market Committee: National Digital Currencies to Be Considered for Bilateral Settlements Between China and Russia
6.9.2024
Anatoly Aksakov, head of the State Duma’s Financial Market Committee, has discussed the use of national digital currencies for bilateral settlements between Russia and China. In a recent interview with Russian media, Aksakov stated that these instruments will be considered for such settlements...
Crypto for Advisors: Bitcoin and Gold, Stores of Value
5.9.2024
The approval of the bitcoin and Ethereum ETFs could represent a similar change in market to what central banks caused in gold markets post-2022 – a new factor that, at least temporarily, overwhelms traditional narratives, including the “store of value” concept
South Korean Regulator Unveils Plan to Inspect Crypto Exchanges for Illegal Practices
5.9.2024
South Korea’s financial regulator, the Financial Supervisory Service (FSS), will inspect crypto exchanges to identify illegal practices following stricter regulations under the Virtual Asset Users Protection Act. The review aims to ensure compliance and safeguard crypto assets, with severe...
Trump family’s DeFi project wants to ‘ensure US dollar dominance’
5.9.2024
The project has teased a partnership and collaboration with DeFi protocol AAVE, possibly indicating World Liberty Financial will be built on the Ethereum blockchain.
Spreading USD-Pegged Stablecoins—Trump-Backed Defi Project Reveals ‘Transformative’ Plans
4.9.2024
Over the past few weeks, there’s been a buzz of intrigue and speculation around World Liberty Financial, a decentralized finance (defi) project led by Eric Trump and Donald Trump Jr. After facing some rumors and critiques, the project’s X account finally released fresh details about its mission...
Japans Financial Regulator Mulls Taxing Crypto as a Financial Asset
4.9.2024
A change in the regime could result in lower taxes for some crypto investors
Sui blockchain taps radio waves to bank the offline unbanked
4.9.2024
Sui blockchain innovates with alternative methods, like radio waves, to enable offline crypto transactions for unbanked communities, even those without internet access
Low Investment Threshold, Greater Financial Control Lure Aussies to Crypto, Study Finds
4.9.2024
The report indicates that Australia has a higher cryptocurrency adoption rate with one in every five current or past crypto holders. Key factors driving adoption include the relatively low investment threshold, greater financial control, and a perception of increased equality. However, barriers...
Japan’s Financial Services Agency Includes Crypto in 2025 Tax Proposal
4.9.2024
The Financial Services Agency has released its tax reform requests for fiscal year 2025, highlighting the need to consider the tax treatment of virtual currency transactions as financial assets. This marks the first time virtual currencies are mentioned in such requests. Industry groups have long...
Japan’s finance regulator calls for lower crypto taxes in 2025
4.9.2024
Japan's Financial Services Agency has released plans to overhaul the nation's tax code which could see the tax rate for crypto assets lowered in 2025.
Lara and Tiffany Trump X accounts hacked, users warned not to click links
4.9.2024
Scammers have taken over two accounts associated with presidential candidate Donald Trump's family
Trump’s Crypto Platform Hit by Scammers Promising $15,000 Giveaways
4.9.2024
Former U.S. President Donald Trump’s family-backed cryptocurrency platform has been targeted by scammers, leading to over 70,000 users being misled with fake crypto giveaways. Scammers have posted fraudulent ads on the platform’s official Telegram channel, diverting users to a fake group promising...
New zero-KYC proposal aims to secure P2P crypto transactions
3.9.2024
A Reddit user’s draft proposal aims to prevent MitM scams in P2P cryptocurrency markets by securing transactions without KYC
Coinbase Legal Chief Criticizes SEC’s Vague Position on FTX Plan — Says Investors Deserve ‘Way Better’
3.9.2024
Coinbase’s chief legal officer has criticized the U.S. Securities and Exchange Commission (SEC) for its ambiguous position regarding FTX’s proposal to repay creditors using stablecoins or other cryptocurrencies. Although the SEC did not explicitly deem these transactions illegal,...
Qatar Unveils 2024 Digital Assets Framework
2.9.2024
Qatar has launched a new framework to regulate digital assets, aiming to create a secure and transparent ecosystem. The framework is expected to attract domestic and international players and support the development of a thriving financial services sector in Qatar. Building Foundation for Digital...
Markets Bet Big on a 25bps Fed Rate Cut—Low Odds for a Bigger Reduction
2.9.2024
On Sept. 2, 2024, or roughly 16 days before the next Federal Open Market Committee (FOMC) meeting, an overwhelming majority of the market seems to be predicting the U.S. Federal Reserve to cut the federal funds rate by 25 basis points (bps) on Sept. 18. The U.S. federal funds rate is currently...
Qatar introduces regulatory framework for digital assets
2.9.2024
Qatar’s central bank governor believes that the framework will bring opportunities to the country’s financial sector.
Binance exec’s trial brought forward despite no access to legal counsel
2.9.2024
Amidst multiple alleged money laundering charges, the Nigerian government claims that Binance was responsible for the decline of its Naira currency
Leading the Fight Against Financial Crime – Financial Crime 360
2.9.2024
The Payments Association is thrilled to announce Financial Crime 360, a groundbreaking event that addresses the critical issues…
Chase ‘infinite money’ glitch leaves TikTokers in huge debt
2.9.2024
Users on social media have been reporting a “glitch” with Chase Banks ATMs that allowed them to withdraw large sums without having sufficient funds in their accounts