The United States House Financial Services Subcommittee on Digital Assets, Financial Technology and Inclusion recently held a hearing on the use of blockchain technology in the context of crypto crime. The bipartisan hearing aimed to address misconceptions and explore ways to combat illicit activities involving digital assets. The discussion was prompted by an article published […]
Crypto.com’s Dubai entity, CRO DAX Middle East FZE, has obtained a Virtual Asset Service Provider (VASP) License from Dubai’s Virtual Asset Regulatory Authority (VARA). This license allows Crypto.com to offer regulated virtual asset services such as exchange services, broker-dealer services, management and investment services, and lending and borrowing services. The license is subject to compliance […]
The global movement to promote crypto tax transparency is gaining momentum, with new requirements being placed on participants in digital asset markets in Europe and the U.S. These initiatives aim to ensure that transactions are reported and that participants comply with other provisions. This increased transparency is intended to address concerns about tax evasion and […]
Liberland, a small micronation situated between Croatia and Serbia on the Danube river, is gaining attention in the cryptocurrency world. Led by its self-proclaimed president, Vít Jedlička, Liberland aims to establish a jurisdiction with minimal regulations to attract blockchain companies and operate on voluntary taxes. Bitcoin holds a significant role in the nation, with the […]
The chairman of Kazakhstan’s National Payment Corporation (NPC) has conducted the first transaction using the country’s new central bank digital currency (CBDC), the digital tenge. During a recent speech, he made a payment using a debit card linked to the CBDC account. The digital tenge has been officially launched on the retail market, with plans […]
During her opening speech at the Singapore FinTech Festival, IMF Managing Director Kristalina Georgieva emphasized the need for the public sector to be prepared for the deployment of central bank digital currencies (CBDCs) and related payment platforms in the future. Georgieva expressed optimism about the global implementation of CBDCs, stating that about 60 percent of […]
The Australian Taxation Office (ATO) has clarified that it will impose capital gains tax on wrapped tokens and token interactions with decentralized lending protocols. This clarification has come as a major setback to crypto holders in Australia. The ATO had previously outlined crypto capital gains as one of its key focus areas and had mentioned […]
In a significant development, Crypto.com, based in Dubai, has obtained regulatory approval with the issuance of a Virtual Assets Service Provider (VASP) license from the city’s regulatory authority. This milestone highlights Crypto.com’s commitment to regulatory compliance and positions the platform as a key player in meeting the growing demand for virtual asset services in Dubai’s […]
In a groundbreaking development for the Ripple (XRP) community, a new upgrade for the XRP Ledger (XRPL) is on the horizon. The “fixNFTokenRemint” amendment has passed the required consensus target and is now set to enter the 14-day activation countdown period, with an ETA of November 27. This amendment aims to address the challenges associated […]
Crypto.com’s Dubai entity, CRO DAX Middle East FZE, has obtained a Virtual Assets Service Provider (VASP) License from Dubai’s Virtual Assets Regulatory Authority (VARA). This license allows Crypto.com’s Dubai exchange to engage in specific crypto services. This milestone signifies a significant step for Crypto.com in offering regulated digital asset services and solidifies Dubai’s position as […]
