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Namibia Sets the Stage for National Crypto Strategy With New Law
3.8.2023
The Virtual Assets Act is just a “skeleton” of what a crypto regime could look like, but it sets the foundation for more laws and regulations, lawyers say
FTX Wants Dubai Unit Removed From U.S. Bankruptcy Proceedings
3.8.2023
Liquidating FTX Dubai under UAE law would help timely distribution of any outstanding liabilities, the bankrupt estate argued in court filings
Hashkey Wins Hong Kong's First Crypto Exchange License to Serve Retail Customers
3.8.2023
Hong Kong's first license to a cryptocurrency exchange to serve retail customers has gone to Hashkey Exchange
eToro Sued by Australia's Market Regulator for Leveraged Product
3.8.2023
Social investing platform eToro's Australia entity (eToro Aus Capital Limited) has been sued by Australia's markets regulator
Is Sam Bankman-Fried Going to Jail?
3.8.2023
Federal prosecutors said they were “seeking detention” for Sam Bankman-Fried, asking a judge to revoke his bond after he shared documents with the New York Times that they allege were meant to harass a fellow executive from the FTX empire and potentially influence her testimony
TradFi Giant Direxion Joins Crypto ETF Race by Filing for Combined Bitcoin and Ether Futures Fund
2.8.2023
The move comes the same week that six other companies filed to launch ether futures ETFs
Japanese Yen Hits 20-Year Low Against US Dollar; BOJ Maintains Loose Policy Amid Inflation Pressures
2.8.2023
In the last month, Japan’s official currency has dipped slightly more than 1% in comparison to the U.S. dollar. Then, on Tuesday, the Japanese yen plummeted to its weakest position against the greenback in over 20 years, a shift that came after the Bank of Japan opted to keep its extremely...
Race for Ether Futures ETFs Kicks Off With 6 Firms Filing SEC Applications
2.8.2023
As many as six entities have filed applications with the U.S. Securities and Exchange (SEC) for Ethereum Futures exchange-traded funds (ETFs) as of filing time on August 2, 2023
Kenyan Government Suspends Worldcoin Activity on Financial Security, Privacy Concerns
2.8.2023
Kenya is the first country to fully suspend Worldcoin operations. Data protection offices in Europe have started investigations
Crypto Custodian Hex Trust Expands European Foray With Registration in France
2.8.2023
The registration, which follows last year's approval in Italy, is "a significant milestone" for its European expansion plans, Hex Trust said
G20 President India Publishes its Input for Framing Global Crypto Rules
2.8.2023
As the current president of the Group of Twenty (G20), India has made public its presidency note on crypto in an effort to have its suggestions included in the framing of global crypto rules
U.S. DOJ Has 'Extremely Thin' Basis for Jailing FTX's Bankman-Fried Ahead of Trial: Defense
2.8.2023
Attorneys for Sam Bankman-Fried pushed back against the U.S. Department of Justice's motion to remand the FTX founder in a court filing Tuesday
Don’t Pop the Champagne on U.S. Crypto Bills – Progress in Congress Has Been Costly
1.8.2023
The crypto industry has never made it this far in its quest for a new system of U.S. oversight for digital assets, but the recent flurry of legislative progress may still be too contentious for it to become law
Longtime Environmentalist RFK Jr. Not So Sure Bitcoin Is Boiling the Oceans
1.8.2023
The environmental argument "should not be used as smokescreen to curtail freedom to transact," U.S. Democratic presidential candidate Robert F. Kennedy Jr wrote on Twitter
Sarah Breeden, CBDC Working Group Member, Appointed Bank of England Deputy Governor
1.8.2023
The U.K. closed a consultation on a digital pound in June, something the bank thinks is likely needed
Bitcoin Won’t Back U.S. Dollar, Presidential Hopeful Vivek Ramaswamy Says
1.8.2023
The Republican candidate’s comments stand in contrast to Democratic candidate Robert F. Kennedy, who supports using bitcoin to stabilize the dollar
Crypto Staking in the Crosshairs: IRS Unveils New Tax Guidance
1.8.2023
The U.S. Internal Revenue Service (IRS) has issued a decree stating that American citizens drawing income from cryptocurrency staking services must categorize the value of those digital assets as gross income, the moment they officially take possession of the staking reward. IRS Clarifies...
Binance Japan Starts Onboarding Users
1.8.2023
Two years earlier, the exchange was warned by Japanese regulators that it was operating in the country without permission
IRS: Crypto Staking Rewards Taxable Once Investor Gets Hands on Tokens
31.7.2023
A cryptocurrency investor rewarded assets for validation activity on a proof-of-stake network should count the rewards as income in the year the investor gets control of those tokens, according to a ruling issued Monday by the Internal Revenue Service (IRS)
Judge Rejects Ripple Ruling Precedent in Denying Terraform Labs' Motion to Dismiss SEC Lawsuit
31.7.2023
A federal judge rejected Terraform Labs' motion to dismiss a lawsuit filed by the U.S. Securities and Exchange Commission