Georgia Representative Mike Collins has disclosed the purchase of up to $65,000 worth of Ether (ETH) in 2024, according to documents filed with the U.S. House of Representatives. The filings, dated January 9, reveal that Collins bought up to $15,000 worth of ETH on January 3 and an additional $50,000 on January 8. This is […]
The Stellar Development Foundation (SDF) recently released a report detailing the impact of blockchain technology on financial inclusion. The report reveals that approximately 1.4 billion adults worldwide lack a basic bank account, limiting their access to formal financial services. This is particularly prevalent in economies with large informal sectors and persistent gender gaps.Blockchain technology is […]
Senator Elizabeth Warren has accused the Blockchain Association and other industry groups of undermining Congressional efforts to address the alleged role of cryptocurrency in terrorist financing. The senator alleges that these groups are hiring former defense and law enforcement officials to fight against these efforts. The Blockchain Association has responded to these accusations, stating that […]
Turkey is making significant strides in its crypto regulation, with the legal framework now reaching the technical stage, according to the country’s Minister of Treasury and Finance, Mehmet Simsek. This development is part of the country’s efforts to align its anti-money laundering laws with the Financial Action Task Force (FATF) standards and get off the […]
Mehmet Şimşek, Turkey’s Minister of Treasury and Finance, has revealed some details about the country’s upcoming crypto legislation. The government is set to license trading platforms, provide legal definitions for key terms in cryptocurrency, and adhere to FATF (Financial Action Task Force) guidelines.Şimşek confirmed that the crypto framework for the Turkish market is currently in […]
The Indian government has issued a violation warning against nearly a dozen off-shore cryptocurrency exchanges. Following this, Apple’s App Store in India has barred the apps for Binance, KuCoin, Bitget, Huobi, OKX, Gate.io, and MEXC, preventing the addition of new users to these exchange programs.The Financial Intelligence Unit (FIU) of the Indian Ministry of Finance […]
As the January deadline approaches, a stern warning has been issued to crypto investors in the UK. The warning pertains to the penalties associated with the late submission of tax returns. The UK government has made it clear that any delay in the submission of the assessment can lead to a fixed penalty.This penalty is […]
The United States Securities and Exchange Commission (SEC) is on the verge of approving a spot Bitcoin exchange-traded fund (ETF), a move that could significantly change the crypto landscape. However, the readiness of the United States to handle a surge of first-time crypto investors, particularly in terms of tax compliance, is questionable.Crypto investors, like their […]
Turkey’s Minister of Treasury and Finance, Mehmet Şimşek, has unveiled some details of the forthcoming cryptocurrency regulation in the country. The government plans to provide legal definitions to key concepts in cryptocurrency, adhere to the Financial Action Task Force (FATF) standards, and license trading platforms.On January 10, Şimşek confirmed to the Anadolu Agency that the […]
The Indian Apple app store has recently blocked several crypto exchange apps, including Binance, KuCoin, Bitget, Huobi, OKX, Gate, and MEXC. This move comes weeks after the Indian government issued a non-compliance notice against nearly a dozen off-shore crypto exchanges. Consequently, these exchange applications are no longer accessible to new users.The Financial Intelligence Unit (FIU) […]
