BYDFi, formerly known as BitYard, is a leading global social trading platform that aims to revolutionize the cryptocurrency trading experience. With a strong user base of over 500,000 individuals spanning across 150 countries, BYDFi has established itself as a trusted and reputable player in the crypto trading industry. The platform offers a wide range of […]
A Nigerian crypto exchange, Yellow Card, sees the recent guidelines from the Central Bank of Nigeria (CBN) as an opportunity for increased legitimacy and integration with the traditional financial system. The CBN’s decision to lift the ban on crypto transactions is expected to expand Yellow Card’s user base and foster competition and innovation in the […]
Argentinian president Javier Milei is facing backlash and protests over a new bill that aims to revive the country’s economy by offering tax cuts to residents who declare their crypto holdings. The bill proposes a 5% tax rate for assets reported by March, increasing to 15% for those who wait until November. Milei, who took […]
US Congressman Tom Emmer, known for his expertise in digital assets and support for cryptocurrencies, has introduced the Securities and Exchange Commission (SEC) Stabilization Act. The legislation aims to remove SEC Chairman Gary Gensler from his position, citing concerns over his regulatory actions in the digital asset sector.Emmer has been critical of Gensler’s approach to […]
South Korean lawmakers have been involved in significant cryptocurrency transactions over the past three years, with a total estimated trade volume of $97.6 million. A recent report from the country’s Anti-Corruption and Civil Rights Commission revealed that out of the 298 sitting lawmakers, 18 had records of virtual asset possession, and only 11 were responsible […]
India’s Financial Intelligence Unit (FIU) has requested a ban on nine cryptocurrency exchanges operating in the country, including Binance, Kraken, and Bitfinex. The FIU claims that these exchanges are operating illegally and have failed to comply with national anti-money laundering (AML) and anti-terrorist financing regulations. As a result, the FIU has requested that the websites […]
Chinese authorities are taking steps to crack down on the use of cryptocurrencies, specifically Tether USDT, in foreign exchange trading. The Supreme People’s Procuratorate (SPP) and the State Administration of Foreign Exchange (SAFE) have issued a joint statement warning the public against using Tether as an intermediary for trading yuan with other fiat currencies.The authorities […]
India’s regulatory body has issued compliance notices to nine cryptocurrency exchanges, including major players like Binance, Kucoin, Gate.io, Bittrex, Bitstamp, MEXC Global, and Bitfinex and Huobi. The watchdog is seeking to block the URLs of these exchanges.This move comes as the Indian government continues to crack down on the cryptocurrency industry, aiming to regulate and […]
Republican lawmakers are calling for the removal of Gary Gensler, the chair of the U.S. Securities and Exchange Commission (SEC), citing bias and damage to the digital asset industry. Congressman Warren Davidson, with support from House Majority Whip Tom Emmer, has advocated for Gensler’s dismissal, alleging corruption and abuses of power. This move comes amidst […]
Argentina’s President Javier Milei has proposed a draft bill aimed at regularizing cryptocurrency holdings as part of his economic and political reform agenda. The bill, titled the ‘Law of Bases and Starting Points for the Freedom of Argentines,’ introduces an asset regularization scheme that offers tax incentives to individuals declaring crypto assets, regardless of their […]
