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Brazilian Cryptocurrency Law Likely to Be Reviewed by Lula’s Government


The recently approved Brazilian cryptocurrency law will likely be reviewed and revised by the newly inaugurated government of Luis Inacio “Lula” Da Silva. According to statements made by the former rapporteur of the law, Expedito Netto, the new government will likely review the law...

President of Brazil Sanctions Cryptocurrency Law


President Jair Bolsonaro has approved law 14.478, which regulates cryptocurrency-related operations and virtual asset service providers (VASPs) in Brazil. The document, approved on the last day of the period allowed, will begin to be applied 180 days after its sanction. This will give all parties...

INGOT receives regulatory approval from CMA in Kenya


Only a handful of forex and CFD brokers feature in the Kenyan market. INGOT enters the list after receiving regulatory approval from the Capital Market Authority on November 1, 2022. The approval grants INGOT the right to function as a non-dealing broker for online foreign exchange services in...

Binance Obtains Registration as Crypto Service Provider in Cyprus


Cryptocurrency exchange Binance will be able to offer services for digital assets in Cyprus as the platform is now registered with the country’s securities regulator. The news comes after the company obtained similar approvals in several other European jurisdictions. Global Exchange Binance...

Key EU Parliament Committee Approves MiCA Deal to Regulate Crypto


European Parliament’s economic committee has backed the adoption of the comprehensive Markets in Crypto Assets (MiCA) regulation. It has also supported the introduction of rules for tracing cryptocurrency transfers, part of the latest EU anti-money laundering push. European Union’s MiCA Crypto...

Portugal Prepares to Tax Crypto Gains at Rate of 28%, Draft Budget Unveils


Authorities in Portugal intend to impose a levy on gains from short-term crypto investments with the state budget for next year. The document, which still needs the approval of Portuguese lawmakers, signals a change in the EU nation’s positive attitude towards crypto assets. Government...

IPA Approval Enhances Coinbase’s March Towards Crypto Economy


Coinbase has received In-Principle Approval to act as a Major Payment Institution and offer regulated Digital Payment Token services & products. The In-Principle Approval has been granted by the Monetary Authority of Singapore, allowing the venture to strengthen the fintech position...

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