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‘Stablecoin Transparency Act’ Could Require Stablecoins To Be Backed By Dollars
Transparent backing of stablecoins may be the new standard. U.S. Lawmakers Rep. Trey Hollingsworth (R-IN) in the House and Sen. Bill Hagerty…
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Indian Parliament Passes A 30% Crypto Tax Law
According to reports released on Friday, Indian Finance Minister Nirmala Sitharaman has introduced a capital gains tax of 30% on cryptocurrency transactions. …
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Malaysia Should Make Bitcoin Legal Tender Proposes Deputy Minister
Deputy Minister of Communications and Multimedia Zahidi Zainul believes that Malaysia should accept Bitcoin and cryptocurrencies as a legal tender. Zainul put…
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Crypto ATMs Banned In The UK Over Legal Concerns
The UK Financial Conduct Authority (FCA) has announced the banning of every crypto ATM in the country. Crypto ATMs in the UK…
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UAE To Exclude CBDCs And NFTs From Their Legislation
Dubai Financial Services Authority (DFSA) is the regulatory arm of the Dubai International Financial Centre (DIFC), they have released a consultation paper…
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Chinas Central Bank Has No Plans To Stop Strict Crypto Crackdown
A statement made by Peoples Bank Of China (PBOC) iterated there are no plans to stop their crackdown on cryptocurrencies. A recent…
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SEC Audits The NFT Market Over Potential Violations
The U.S. Securities and Exchange Commission (SEC) is launching an investigation into the NFT market over potential violations against the agency’s rules.…
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China’s Supreme Court Declares Crypto Transactions “Illegal Fundraising”
China’s Supreme Court deemed that virtual asset transactions now fall under illegal fundraising. The amendment comes into play on March 1st. It…
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Will Russian Banks Blocked From SWIFT Turn To Crypto?
Vladimir Putin’s recent decision to invade Ukraine has had a negative impact on the global financial system. Although markets have recovered this…
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Canadian Courts Demand To Freeze Funds Rejected By Crypto Wallet
Ontario Superior Court of Justice sent Nunchuk a self-custodial Bitcoin wallet a Mareva Injunction, ordering it to freeze and disclose information about the assets involved in the…