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South Korea To Require Firms To Disclose Crypto Holdings Starting 2024

12.7.2023
South Korean firms that hold or issue cryptocurrencies will be required to disclose information about their transactions to the financial regulator starting next year. The Financial Services Commission (FSC) of South Korea announced Tuesday that domestic companies that engage with crypto will have...

Bank for International Settlements Rejects Crypto as Money in Report to G20

12.7.2023
A new report from the Bank for International Settlements (BIS) has pointed to “inherent structural flaws” in crypto as the reason why it will never become money. In the report, the BIS made it clear that it believes crypto has problems related to its “stability and efficiency,” while also...

Crypto Criminals Stealing Much Less Money in 2023: Chainalysis Report

12.7.2023
Crypto crimes are raking in far less revenue this year due to a dry-up among hacks and scams, according to Chainalysis

Russian Parliament Passes Vital “Digital Ruble” Legislation With Plans To Start Tests In August

12.7.2023
As momentum builds around the ‘digital ruble’, the proposed Central Bank Digital Currency (CBDC) of the Russian Federation, the country’s parliament has inched closer to the landmark legislation. On July 11, the lower parliamentary house, the State Duma passed the bill in its third reading taking...

Ultimate knockout: How UFC and crypto are revolutionizing sports and finance

12.7.2023
MMA and crypto are similar in many ways. MMA and the new asset class are still in their infant stages. UFC entered the popular culture only a decade ago while BTC was launched in 2008. Both have had comparable successes and visibility trajectories. In this article, we will explore how UFC fighters...

South Korea to ask firms to disclose crypto holdings from 2024

12.7.2023
After initially mandating public officials to declare their crypto, the South Korean authorities now want all local firms to disclose such holdings

Hong Kong's Grey Zone Crypto Stores Draw in Chinese Visitors

12.7.2023
According to a report from the Financial Times, the influx of Chinese tourists into Hong Kong has witnessed a peculiar trend in recent months, as more individuals seek to purchase cryptocurrencies during their visits. This surge in interest can be attributed to the stringent regulations...

While MASK Token Shoots Up 5,000% Crypto Experts are Stacking This New Meme Coin as the Next Crypto to Explode

12.7.2023
MASK has risen by 600% in the past 24 hours, with the new meme token's move to $0.0008357 also representing a hefty 5,000% rise since it listed on Uniswap. While this rise puts most major cryptocurrencies to shame today, MASK looks like yet another junk meme token, with very little in the way...

Central Banks Controlling Money Is Not Democracy, Balaji Srinivasan Says

12.7.2023
If central banks control all uses of money, this is not democracy, Coinbase’s ex-tech chief Balaji Srinivasan is convinced. The entrepreneur commented on statements by the head of the Bank of International Settlements during an IMF meeting devoted to cross-border payments. Balaji Srinivasan Speaks...

US Senators Cynthia Lummis and Kirsten Gillibrand Propose Legislation to Regulate Digital Assets

12.7.2023
US Senators Cynthia Lummis and Kirsten Gillibrand are set to propose a new bill today to regulate cryptocurrencies and other digital assets in the country. Lummis and Kristen will reintroduce their Responsible Financial Innovation Act amid the ongoing debate about the future of digital asset...

Paradigm Counsel Accuses SEC of Overreach in Crypto Market Regulation

12.7.2023
Crypto investment firm Paradigm has submitted an amicus brief in the ongoing US SEC vs crypto exchange Bittrex case, asserting that the regulator is “wrongfully attempting” to oversee crypto secondary markets. The US Securities and Exchange Commission (SEC) case against Bittrex should...

A Second Round of the Lummis-Gillibrand Crypto Bill Elevates CFTC, Defines DeFi

12.7.2023
The U.S. Securities and Exchange Commission (SEC) would take a back seat in a crypto oversight bill being re-launched by Sens. Cynthia Lummis (R-Wyo.) and Kirsten Gillibrand (D-N.Y.), which would require that crypto exchanges be overseen by the Commodity Futures Trading Commission (CFTC) and...

Dubai Regulator Deems Crypto Exchange Bitoasis’ License ‘Non-Operational’

12.7.2023
Cryptocurrency exchange Bitoasis’ license has been deemed “non-operational” by the Dubai digital assets regulator, the Virtual Assets Regulatory Authority. According to the regulator, VARA took the decisive step after Bitoasis failed to meet “mandated conditions within...

UK Regulator Targets Unlawful Crypto ATMs in Joint Operation

12.7.2023
The UK's financial watchdog and four other law enforcement agencies recently inspected another 18 crypto ATM sites, "disrupting" 26 machines across the nation. The Financial Conduct Authority (FCA) stated on Tuesday that the sites "suspected" of operating crypto ATMs were inspected in May and June...

EU Securities Agency Issues First Batch of Detailed Crypto Rules Under MiCA Law

12.7.2023
Consultations cover authorization and conflict-of-interest rules for crypto companies under the landmark digital assets law

U.S. Senate Finance Committee Asks Crypto Industry for Tax Guidance

12.7.2023
The committee sought input from the cryptocurrency industry to better understand the tax challenges presented by digital assets

Unmissable: AusCryptoCon, APAC’s largest crypto and Blockchain event, returns this November

12.7.2023
Speakers include American entrepreneur Michael Saylor, CEO of Perth Heat Steven Nelkovski, and Australia’s leading crypto tax lawyer and founder of Cadena Legal Harrison Dell, with more to be announced. General and VIP tickets for the flagship crypto and Blockchain event are on sale now. ...