As a way of enforcing more oversight functions on the crypto market, Thai’s financial regulator has slammed its crypto traders with a 16% capital gains tax from their crypto profits. A local media report stated that the finance ministry would be highly watchful of tax filings henceforth, especially those involved in digital currencies. But the […]
The CFTC has taken regulatory action against Polymarket (registered with the commission as Blockratize LLC based in Delaware). Why Polymarket Was Fined The firm was accused of providing event-based binary options contracts for Americans without an approved license. The commission remarked that Polymarket would need a designated contract market (DCM) license or a swap execution […]
China was considered the hub of crypto mining, and if not for every cryptocurrency out there, then definitely for Bitcoin. But that came to a hard end in May of 2021. China did issue a severe crackdown on crypto mining altogether; it was first perceived that this might be a regulatory thing, such as China […]
Godwin Emefiele, the Governor of the Central Bank of Nigeria (CBN), said that believe it or not but the truth is the majority of digital currency transactions are entrenched with illicitness and criminalities. He also commented that the country’s financial system does not have any space for digital currencies within. Nigeria is amongst the best […]
Australia is definitely among those countries that wish crypto well and want to become available in shaping the future with decentralized finance and welcoming crypto amid their financial realms. Multiple governors and Senate members have vouched for crypto in Australia from time to time, and the overall sentiment remains positive. Recently the securities regulator in […]
Pakistan is an independent state situated in the South Asian region. The country is considered extremely important due to its strategic geographic location and is often subjected to the crucial political changes taking place in the region. These days there is a new struggle that the government of Pakistan is waking up to. Like the […]
A breath of fresh air comes from Brazil as it makes transitions to engage with crypto-oriented payments in the next few months. According to the Brazilian federal deputy, the whole project is in motion, and there will be an outcome soon enough. On a hilarious note, he said that people would be able to buy […]
Ripple Labs is a crypto-related business and blockchain enterprise. The company has been in a legal tiff with the securities and exchange commission of the United States since last year. Despite the ongoing legal battle from a federal agency, Ripple Labs native token XRP has been doing well. XRP is currently the 6th largest cryptocurrency […]
There is a sudden rush to adopt cryptocurrencies such as Bitcoin, Ether, and other altcoins because of the safety and ingenuity these bring to the modern financial world. Now, this is something that is taking place already in significant parts of the world, metropolitans that have not only established a standard financial system but are […]
The crypto community has come together to protest against the latest amendments proposed for the cryptocurrency regulation bill. According to experts, new changes in the infrastructure plan can impose stringent limitations on the developers and validators, all the while they are making exemptions in the market. The new changes in the White House development plan […]
Dan Beyer is the Democratic Party representative in the States House hailing from the State of Virginia. He presented a crypto regulation bill in congress. The bill addressed all the loopholes and legal relief that the cryptocurrency enterprises have been cashing on to date. The main objective of the bill is to procure a legal […]
There are two forces at play here, and one is a decentralized network of cryptocurrencies. On the other hand, centralized finance owned by governments, banks, and financial institutions has converged on making their own tokens to tackle it. But instead of being anonymous and decentralized, they will be highly regulated and controlled entities. Today’s new […]
Iran has been picking up with the crypto sector at an incredible pace and implementing regulations for the crypto sector so there can be peace and a clear indication of the current rules in action. People could only use the cryptocurrency that happens to be from the state-controlled mining platforms, and this whole framework is […]
The legal dispute between the XRP and SEC is far from over as more and more records are being brought further in real-time, and the case seems to be elongating beyond its bounds. The whole matter in its entirety is that the Securities and Exchange Commission (SEC) has asked Ripple Labs, which is a company […]
Turkey is known for booming business and tech-oriented opportunities and landscape, but when it came to digital currency, especially Bitcoin, it got banned right away. Turkey’s newly appointed central bank governor has issued the statement that any type of cryptocurrency will be banned to use from now on. Bitcoin appears to be caught in the […]
Yet another blockchain enterprise has gone under the radar of the Securities and Exchange Commission of the United States (SEC). LBRY Inc. is a blockchain-based and decentralized file sharing and payment network. The blockchain-based service is unique in a manner that it allows the users to get access to social media content, streaming services, and […]
So many nations around the world are still not sure of what step to take as regards cryptocurrencies. India falls in this pool of countries as the Indian government has publicly come out to express their rejection and ban on the trade of cryptocurrencies. The ban is traced to the fears the government is entertaining […]
The national bank of Kyrgyz Republic (NBKR) wants to diminish the risk of losing money by giving licenses to cryptocurrency exchanges in the country. The initiative of the central bank will provide security and protection to investors regarding crypto investment. Exchanges will Get Licenses According to Tolkunbek Abdygulov, the chairman of National Bank of the […]
After news of a lawsuit against Ripple broke out, some crypto trading platforms at a small level decided to stop offering services for XRP. But today, Bitstamp has become the first major cryptocurrency exchange to stop trading of the fourth-biggest cryptocurrency. Only for US Customers According to Bitstamp’s announcement, the exchange will halt trading services […]
Amid legal battle with the US authorities, the Libra Association has now rebranded itself into Diem Association. The name may wipe out the doubts and misconceptions about the Facebook-led crypto project. Derived from Latin Word It was last year when the social giant Facebook decided to launch its crypto project known as Libra. But after […]
