The Philippines Securities and Exchange Commission (SEC) has issued a warning about Binance’s operations in the country. According to the regulator, Binance is not registered as a corporation in the Philippines and does not have the necessary license or authority to operate there. While Binance is registered in other countries, it has not fulfilled the […]
The UK government has implemented new guidelines for reporting and paying taxes on cryptocurrency assets. Individuals and entities dealing with cryptoassets must comply with these guidelines to ensure tax obligations are met. Failure to report earnings can result in penalties and interest charges. Taxpayers must initiate a voluntary disclosure through the Government Gateway and provide […]
The Philippines Securities and Exchange Commission (SEC) has issued a warning against cryptocurrency exchange Binance, claiming that the platform has been operating in the country without the necessary authorization or license. According to the SEC, Binance is not permitted to sell or offer securities in the Philippines. Prior to offering securities to the public, exchanges […]
The Bank for International Settlements (BIS) Innovation Hub has released its final report on Project Tourbillon, an initiative focused on developing a “private CBDC” (central bank digital currency). The report explores the concepts of privacy, security, and scalability through the use of two prototypes called eCash 1.0 and eCash 2.0. These prototypes, based on the […]
Embattled Thai cryptocurrency exchange, Zipmex, has proposed a restructuring offer to its creditors. The exchange, which owes its customers $97 million, is offering 3.35 cents per dollar of initial claims, with the potential for further payouts in a recovery scenario. However, major creditors are reportedly opposed to the proposed scheme and are demanding an independent […]
Cryptocurrency exchange Binance has come under scrutiny in the Philippines for operating without the necessary approval or license from the local securities regulator. The Philippines Securities and Exchange Commission (SEC) issued a warning stating that Binance is not authorized to sell or offer securities in the country. According to the SEC, Binance must apply for […]
Bankrupt crypto lender Genesis and its parent company, Digital Currency Group (DCG), have reached a deal to potentially resolve an ongoing lawsuit. Genesis filed a document with a New York Bankruptcy Court stating that DCG has agreed to repay its outstanding $324.5 million in loans by April of next year. This agreement would allow Genesis […]
The United States Securities and Exchange Commission (SEC) has taken the next steps in considering the proposed Bitcoin exchange-traded fund (ETF) bids by Franklin Templeton and Hashdex. The agency has requested written comments on both proposals, giving a 35-day open period for comments and responses. The SEC is particularly interested in issues related to potential […]
A U.S. court has granted permission to Jump Crypto, a “third party” in the SEC’s case against Terraform Labs, to submit certain information confidentially. The SEC has accused Terraform Labs and its founder, Do Kwon, of offering and selling unregistered securities and engaging in fraud, resulting in the collapse of the TerraUSD stablecoin. Jump Crypto […]
Franklin Templeton has submitted an updated filing with the SEC to launch a Bitcoin exchange-traded fund (ETF). This comes shortly after the SEC’s decision to delay a previous proposal. The Franklin Bitcoin ETF, if approved, would be listed on the New York Stock Exchange’s Arca platform and would aim to track the performance of Bitcoin’s […]
