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Major Japanese Businesses Ask Gov’t to Reform Crypto Tax System
18.10.2023
Some of Japan’s biggest businesses have asked the nation’s government to make crypto tax reforms, as the country continues to pivot to Web3 and crypto.
Per an official Japan Association of New Economy (JANE) announcement, the group has submitted a tax reform proposal to Tokyo.
JANE has asked...
South Korean Regulator to Establish Standards for Issuance and Distribution of Crypto
18.10.2023
South Korea’s Financial Supervisory Service (FSS) is looking to establish comprehensive guidelines for the issuance and distribution of cryptocurrencies to enhance the Virtual Asset Users Protection Act passed earlier this year.
Under this new legislation, authorities are mandated to formulate...
Spot Bitcoin ETF Approvals Could Add $1 Trillion to Crypto Market Cap, CryptoQuant Says
18.10.2023
Blockchain analytics firm CryptoQuant’s models predict that $155 billion will flow into the bitcoin market cap should the ETFs be approved
SEC Chairman Gary Gensler Warns AI Could Spark Financial Crisis in Next Decade
18.10.2023
U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler has warned that artificial intelligence (AI) could spark a financial crisis in the next decade. Noting that he has raised this concern at the Financial Stability Board and at the Financial Stability Oversight Council, the SEC chief...
Hong Kong’s attitude toward crypto sours after JPEX saga: Survey
18.10.2023
41% of respondents said they prefer not to hold virtual assets or cryptocurrencies — up 12 percentage points from an earlier study
Coinbase lobbying efforts face setback from Hamas’ crypto use: Berenberg analysts
18.10.2023
Reports of Hamas using crypto to fund recent attacks in Israel could make Coinbase’s lobbying efforts more difficult, says Berenberg lead analyst Mark Palmer
Swiss Bank Offers Clients Crypto Lending Product
18.10.2023
Swiss online bank Dukascopy has introduced a new lending product that enables customers to borrow against their cryptocurrency. The solution allows users to receive 50% of the value of their digital assets in fiat currency while retaining their original crypto investments. Switzerland-Regulated...
Reddit to wind down blockchain-based rewards service ‘Community Points’
18.10.2023
Reddit will shutter its Community Points feature by Nov. 8, citing scalability issues
SEC to Intensify Crypto Market Monitoring and Examinations
18.10.2023
The U.S. Securities and Exchange Commission (SEC) has published its examination priorities for 2024 which include crypto monitoring and examinations. The securities regulator disclosed: “Examinations of registrants will focus on the offer, sale, recommendation of, advice regarding, trading in,...
‘Crypto Rug Pull’ Leaves ‘Hundreds’ of Central African Republic Investors ‘Penniless’
18.10.2023
Police in the Central African Republic suspect a rug pull after the operators of a crypto firm “vanished overnight.”
The news outlet RFI reported that the Research and Investigation Section (SRI) of the National Gendarmerie (the CAR’s police force) have “launched an investigation” into the firm....
Blackrock CEO Larry Fink Sees Global Demand and ‘Pent-up Interest in Crypto’ Amid Israel-Hamas War
18.10.2023
Larry Fink, the CEO of the world’s largest asset manager, Blackrock, sees the recent bitcoin rally as “an example of the pent-up interest in crypto.” Noting that as the Israel-Hamas war rages on, more people will be running to bitcoin as “a flight to quality,” the executive...
Recent Bitcoin (BTC) Rally “An Example of Pent-Up Interest in Crypto” Says BlackRock CEO Larry Funk
18.10.2023
The recent rally in the Bitcoin (BTC) market, which saw prices hit two-month highs near $30,000 on Monday following false reports that the US Securities and Exchange Commission had approved BlackRock’s spot Bitcoin ETF application, is “an example of the pent-up interest in crypto” opined...
Binance Stops Accepting New Users in UK to Comply With Crypto Regulations
18.10.2023
Binance has announced that it will no longer accept new users in the U.K. in order to comply with new crypto regulations from the Financial Conduct Authority (FCA). Binance explained that it is currently looking for an FCA-authorized firm to review and approve its U.K. financial promotions...
Bankman-Fried met with President Clinton, NYC Mayor Eric Adams and Saudi Arabia's Minister of Investment Before FTX Collapse, FBI Special Agent Testifies
18.10.2023
FTX founder Sam Bankman-Fried met with a number of high-profile political leaders in the lead-up to his crypto empire's collapse, according to phone records presented by the prosecution in Manhattan federal court Thursday afternoon....
Read More: Bankman-Fried met with President Clinton, NYC Mayor...
Binance US Ends FDIC Insurance for Crypto Holdings, Citing Updated Terms of Service
18.10.2023
The US Branch of the world's largest crypto exchange, Binance US, recently communicated to its users that their cryptocurrency deposits are no longer covered by Federal Deposit Insurance Corporation (FDIC) insurance.
In an email sent to its customers on October 16, Binance US announced updates...
Bitcoin Beats Rest of Crypto Market as Ether, DeFi Tokens Struggle
18.10.2023
Bitcoin's market share of all cryptocurrencies rises to highest since April 2021
EU Crypto Investor Protections Won’t Kick In Until Dec. 2024: ESMA
17.10.2023
European crypto investors will have to wait a little longer for the full provisions of Markets-in Crypto Assets (MiCA) to kick in, according to the European Securities and Markets Authority (ESMA).
In an October 17 official release, ESMA stated that crypto investor protections would take longer...
Pro-crypto lawmaker stays interim US House Speaker as frontrunner loses first round of voting
17.10.2023
Ohio Representative Jim Jordan, the Republican Party's nominee for Speaker, won the support of 200 of his colleagues in an Oct. 17 vote — below the 217 needed to hold the position
Salvadoran Vice President Felix Ulloa: Bitcoin Adoption Fueled El Salvador’s ‘Rebirth’
17.10.2023
The Salvadoran vice president, Felix Ulloa, has given his opinion about the relationship between the “rebirth” of the country and the adoption of bitcoin as legal tender in a recent interview. For Ulloa, bitcoin has been an important factor, alongside others, in this revamp of...
Bankrupt Crypto Lender Genesis Faces Deadline: New York Court Orders Compliance With Terra Subpoena Within 5 Days
17.10.2023
After failing to respond to a prior order, embattled crypto lender Genesis has been subpoenaed by a New York court to produce documents related to the collapse of the algorithmic stablecoin TerraUSD (UST) last year.
In a court order dated October 13, Judge Jed Rakoff noted how Genesis hadn’t...