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Crypto.com Wins Digital Asset License in Dubai
14.11.2023
Cryptocurrency exchange Crypto.com has been granted a licence to operate specified virtual asset service activities in Dubai
Crypto Tax Proposal Open for Revision, IRS Officials' Questions Suggest
13.11.2023
While crypto representatives and lawyers cautioned the U.S. Internal Revenue Service (IRS) that its crypto tax proposal is a dangerous and improper overreach, questions posed by a panel of IRS and Department of the Treasury officials at a Monday hearing may reveal some flexibility in the rule...
IRS 'Raided' by Crypto Investors as Industry Puts Up Fight Against U.S. Tax Proposal
13.11.2023
The U.S. Internal Revenue Service (IRS) is gathering the final words now from a crypto sector that is arguing the agency's proposal for a digital-assets taxation regime is an existential threat to investor privacy and to decentralized crypto projects
International Deal to Combat Crypto Tax Evasion to Start 2027 as 48 Countries Sign Up
10.11.2023
Several countries with a sizeable interest in crypto, such as Turkey, India, China, Russia and all African nations, are not signatories to the statement
UBS Group’s Wealthy Clients Can Now Trade Some Crypto ETFs in Hong Kong: Bloomberg
10.11.2023
The news comes a day after HSBC, one of the world's largest banks, said it plans to start a digital-assets custody service for institutional clients
Court Approves Celsius Network’s Bankruptcy Exit, Transition to Bitcoin Miner
10.11.2023
The U.S. Bankruptcy Court has approved Celsius Network LLC’s transition from a failed crypto lender to a Bitcoin mining business, setting the stage for the company to begin repaying its customers. Judge Martin Glenn confirmed the company’s plan to compensate its creditors using a mix of digital...
Proof of Stake Alliance Updates Best Practices, Signed by Coinbase, Paradigm, and More
9.11.2023
The Proof of Stake Alliance (POSA), in partnership with Paradigm Policy Lab, put forward a new set of best practices for staking with the goal of ensuring “customer protection and responsible innovation in the staking space” on Thursday, November 9th. A collective goal “Our collective goal...
Cryptocurrency Adoption Skyrockets in South and Central Asia, Driven by Real-World Use Cases: Chainalysis
9.11.2023
Source: MyCreative/Adobe Cryptocurrency adoption is experiencing a significant surge in South and Central Asia, driven by the emergence of real-world use cases, according to blockchain intelligence firm Chainalysis. During a recent webinar discussing the Chainalysis 2023 Geography of Cryptocurrency...
EU Parliament Approves Data Act With Smart-Contract Kill Switch Provision
9.11.2023
The final version of the bill's text, reviewed by CoinDesk in July, revealed that it contained a smart-contract kill switch clause
India's Controversial Crypto Tax Should Be Cut After Failing to Achieve Aims, Think Tank Urges
9.11.2023
India's most controversial crypto tax, the 1% TDS levy deducted at source, should be lowered to 0.01%, according to the findings of a new study
SBF Trial: The Last Day of Summer Camp
9.11.2023
We weren't really sure if it was the last day or not. The jury determining Sam Bankman-Fried's fate had begun deliberating the charges just a few hours before, after Judge Lewis Kaplan had spent much of the morning and some time after lunch reading out a 60-page charging document. Surely a case...
Tether’s USDT and Chinese Blockchains Face Potential U.S. Government Ban
9.11.2023
Source: Washington DC The U.S. lawmakers are proposing a bill aiming to prohibit the U.S. government officials from transacting with Tether’s USDT, China-based blockchain networks, and “other foreign adversaries.” The U.S. Representatives Zach Nunn (R-IA) and Abigail Spanberger (D-VA) have...
Competition in Digital Markest Hits G7 Nations' Radar
9.11.2023
Policymakers from the Group of Seven advanced nations agreed to collectively coordinate scanning for early warning signs that may tip competition in digital markets
India's Central Bureau of Investigation Appoints Liminal to Manage Seized Digital Assets
9.11.2023
India's Central Bureau of Investigation (CBI), the premier investigating police agency in the nation, has appointed digital asset custodian Liminal to manage seized digital assets
U.S. House's Spending Bill Aims to Hamstring SEC's Gensler Amid His Crypto Crackdown
9.11.2023
As the U.S. House of Representatives weighs legislation on next year's spending, a provision was added on Wednesday that would deprive funding from U.S. Securities and Exchange Commission (SEC) enforcement actions against crypto businesses
U.S. Bill Proposes Outlawing Government Use of China-Made Blockchains and Tether's USDT
8.11.2023
Government officials would no longer be able to use networks developed by China that power crypto transactions, according to a new bipartisan bill
Binance Has No Real Argument for Dismissing SEC Suit, Regulator Says
8.11.2023
U.S. SEC Said to Open Talks with Grayscale on Spot Bitcoin ETF Push
8.11.2023
The U.S. Securities and Exchange Commission (SEC) has opened talks with Grayscale Investments on the details of the company's application to convert its trust product GBTC to a bitcoin spot exchange traded product (ETF), according to a person familiar with the back-and-forth, which could have...
BIS Researchers Say Stablecoins Are Failing to Live Up to Promise
8.11.2023
For stablecoins to be able to be used as a means of exchange they should be able to maintain their value during the day, economists at the Bank for International Settlements said
UK’s Tough Crypto Regulator FCA Won’t Go Easy on Stablecoins, Official Says
8.11.2023
The Financial Conduct Authority (FCA) on Monday published a discussion paper with proposals for a stablecoin regime. Though the country’s Conservative government has said it wants the U.K. to be a crypto hub and has managed to push through legislation that lets stablecoins be regulated as a means...