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Galaxy Surpasses $10 Billion in AUM as Institutional Interest in Digital Assets Skyrockets
19.3.2024
Galaxy Asset Management, a prominent crypto investment firm, has surpassed $10 billion in assets under management (AUM) amid a surge in institutional interest in digital assets.
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President Biden Proposes Crypto Mining Tax and Wash Sale Rule in 2025 Budget Proposal
11.3.2024
President Biden's 2025 budget proposal aims to introduce a crypto mining tax and close the wash sale loophole for digital assets. The move faces opposition from House Republicans, who criticize the administration's spending. As the 2024 presidential race heats up, the outcome could shape the future...
South Korea Aims To Launch Virtual Asset Tracking System to Ensure Tax Transparency
11.3.2024
South Korea plans to launch a tracking system that aims to ensure virtual asset users aren’t avoiding taxes. The National Tax Service has reportedly chosen a consulting firm to develop a sophisticated system for overseeing these assets.
The post South Korea Aims To Launch Virtual Asset Tracking...
Tether, NAPP of Uzbekistan Sign MoU to Explore Blockchain, Digital Assets
8.3.2024
Tether, the issuer of the world's largest stablecoin by market cap, USDT, is collaborating with the National Agency of Perspective Projects (NAPP) of Uzbekistan. NAPP is tasked with crypto regulation in the country.
The post Tether, NAPP of Uzbekistan Sign MoU to Explore Blockchain, Digital Assets...
Physical Bitcoin Worth Over $1 Million Presented At Auction Houses
7.3.2024
Well-known auction houses that typically offer rare coins, famous artworks, and other popular assets for collectors to bid on have started capitalizing on physical Bitcoin (BTC). Both Stack’s Bowers Galleries and Heritage Auctions are presenting “physical cryptocurrencies” as part of their upcoming...
Bitfinex Case Defendant Credits Bitcoin Fog in Laundering Scheme: Bloomberg
28.2.2024
The Bitfinex Case Defendant, Ilya Lichtenstein, has taken the stand as a witness for federal prosecutors in the trial of Bitcoin Fog, a mixing service associated with concealing illicit assets.
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UK Law Commission Seeks To Classify Cryptocurrencies As “Property” In New Draft Bill
22.2.2024
A proposed UK law would officially define cryptocurrencies as a distinct form of property. This move seeks to create greater legal certainty, bolstering protections for holders of digital assets. The Law Commission of England has launched a consultation exercise on the bill, drawing from recent...
South Africa’s Budget Review Signals Embrace of Digital Payments and Crypto Assets
22.2.2024
South Africa has unveiled its 2024 budget, leveraging stablecoins and blockchain technology to promote financial inclusion and act as a critical driver for enhancing digital payments nationwide.
The post South Africa’s Budget Review Signals Embrace of Digital Payments and Crypto Assets...
Texas Crypto Firm Lejilex Sues SEC Following Overstretched Securities Classification
22.2.2024
Texas-based cryptocurrency firm, Lejilex has filed a lawsuit against the Securities and Exchange Commission (SEC) over securities labels on cryptocurrency assets.
The post Texas Crypto Firm Lejilex Sues SEC Following Overstretched Securities Classification appeared first on Cryptonews
US Lawmaker Raises Concerns Over Elizabeth Warren’s Crypto Bill’s Impact on Counter-Terrorism Efforts
16.2.2024
A US official has raised concerns about a provision in Senator Elizabeth Warren’s proposed bill on digital assets. During a hearing on “Crypto Crime in Context” held on February 15, Representative French Hill and other lawmakers questioned crypto experts about the implications...
China to Revise AML Law to Address Risks Associated with Virtual Assets
15.2.2024
China is set to revise its outdated Anti-Money-Laundering (AML) law in a bid to tackle the increasing risks associated with virtual assets. The draft amendment, discussed at a State Council meeting chaired by Chinese Premier Li Qiang, will soon undergo review by the national legislature, according...
Crypto Exchanges Reported Over 16,000 Flagged Transactions to South Korean Authorities
14.2.2024
South Korean crypto exchanges reported over 16,000 transactions to local authorities in 2023, an increase from previous years. The Financial Intelligence Unit (FIU) released a breakdown of its efforts to tackle money laundering and other illegal financial threats involving crypto assets....
Japanese Financial Regulator Proposes Stricter Measures For P2P Crypto Transactions
14.2.2024
Japan’s principal financial regulator has unveiled a series of proposed measures that could negatively impact the peer-to-peer (P2P) transactions market. In a Wednesday announcement, the Financial Services Agency (FSA) issued a formal request to Japanese banks, noting that a high number...
CoinDCX Partners with Defunct Crypto Exchange Koinex to Provide Access for its Users
13.2.2024
CoinDCX has partnered with Koinex, an Indian cryptocurrency exchange that ceased all trading operations due to regulatory uncertainties, to enable the platform’s users to access their assets. In a Tuesday announcement, CoinDCX said it has struck a Memorandum of Understanding (MoU) deal with...
Global Markets Crypto Intelligence Debuts Crypto Price Index
12.2.2024
A new crypto market price tracking index, the GMCI 30, debuted today. The joint venture created by The Block and Wintermute announced the launch of its GMCI 30 index, which tracks the price performance of the top 30 crypto assets. 1/ Crypto has a new benchmark ???? Tracking the performance of...
Grayscale and DCG Object to Genesis’ $1.6B Trust Shares Liquidation Plan
12.2.2024
On February 12, Digital Currency Group (DCG) and Grayscale raised objections to bankrupt lender Genesis’ plan to sell off its assets. This includes shares in Grayscale’s Bitcoin Trust (GBTC), Grayscale Ethereum Trust (ETHE), and Grayscale Ethereum Classic Trust (ETCG), amounting...
UXLINK Revolutionizes Web3 Social Infrastructure with Multi-Wallet Launch, Garnering $8 Million Across 100,000 OKX Wallets
10.2.2024
UXLINK, a leading Web3 social platform and infrastructure with the unique “social acquaintance” and “Group”model, has officially launched a new feature for managing multiple wallets and multi-chain assets. This update was launched on February 2, in partnership with the OKX Web3 wallet....
Coinbase: California Voters Favor Pro-Crypto Candidates in 2024 Elections
10.2.2024
California voters who own cryptocurrencies are expected to have a significant impact on the 2024 elections. Citing data from Morning Consult, a business intelligence firm, Coinbase revealed that approximately 27% of Californians, equivalent to around 8.2 million individuals, own digital assets....
US Lawmakers Press Treasury Secretary Janet Yellen on Crypto Oversight Gaps
8.2.2024
Four U.S. lawmakers have pressed Treasury Secretary Janet Yellen regarding crypto oversight gaps. The Financial Stability Oversight Council (FSOC), which Yellen chairs, has issued “repeated warnings about the lack of oversight of the digital asset markets,” the lawmakers detailed...
US and UK Financial Regulators Discuss Effective Crypto Oversight
7.2.2024
The U.S. and U.K. Financial Regulatory Working Group has emphasized the importance of effective regulation and oversight of crypto assets and markets. They also reiterated their support for the international work on crypto assets. US-UK Financial Regulatory Working Group Discusses Crypto Regulation...