Fri, March 29

Howey Test Has Limits as per SEC Commissioner Hester Peirce

The Securities and Exchange Commission (SEC) uses the so-called Howey test to decide whether a digital asset should be classed as a security, although SEC Commissioner Hester Peirce has said that the test has limits. The standard is based on a 1946 Supreme Court ruling that established the conditions under

December 19, 2022 1 min read

Nigerian Government Proposes Legislation Regulating Cryptocurrencies

To keep up with global trends, the Nigerian government is expected to approve legislation regulating Bitcoin and other cryptocurrencies in the near future. On December 18th, Punch Newspapers, a leading publication in Nigeria. Published the article after interviewing House of Representatives Committee on Capital Markets Chairman Babangida Ibrahim. The local

December 19, 2022 1 min read

Edward Snowden Proposes To Be New Twitter CEO With Salary in Bitcoin

Edward Snowden, the NSA leaker, has shown interest in becoming Twitter’s CEO. The 39-year-old ex-NSA consultant said in a tweet today that he would accept payment in Bitcoin for the position. It was in reaction to Elon Musk’s statement that he need a CEO who could “keep Twitter alive.” All

December 19, 2022 2 mins read

Japan Plans to Abolish Tax Deployed on Native Tokens of Crypto Firms

On Friday, a member of Japan’s governing Liberal Democratic Party (LDP) announced that the LDP’s tax committee has endorsed a plan to exclude crypto businesses that issue their own tokens from paying corporation taxes on unrealized profits. The idea will be included in yearly tax policy guidelines presented to the

December 19, 2022 2 mins read

BlackRock Warns of Recession Triggering Economic Catastrophes

The investment and asset management firm BlackRock has released its forecast for the financial markets in the next year. The firm, which is believed to handle $8 trillion in assets, predicts a downturn due to central banks’ anti-inflationary measures. But its 2023 Global Outlook research claims that this recession would

December 18, 2022 2 mins read

‘Stc Bahrain’ Telecom Provider Now Accepts Crypto as Payment

Stc Bahrain, a telecom provider in Bahrain, recently made a public announcement that it will begin accepting cryptocurrency payments. The firm has partnered with Eazy Financial Services, according to the announcement. Customers of Stc Bahrain may now use the Binance wallet to pay their invoices, according to the announcement. Cryptocurrencies

December 18, 2022 1 min read

Unified Crypto Policy Regulation Underway by G20 Countries

As India holds the rotating chair of the G20, the finance and central bank deputies convened in Bengaluru, India, from December 13-15. As India’s economic affairs secretary Ajay Seth said at a press conference on Wednesday, the G20 countries are working to develop a policy consensus on crypto assets in

December 18, 2022 2 mins read

Incoming UK FCA Chair Criticizes Crypto Sector Over Money Laundering

Following the demise of the FTX exchange. The crypto sector across the globe has been dealt with a stringent hand in terms of regulations. Incoming FCA chair Ashley Alder is the most recent person to comment on the sector. On December 14th, he warned MPs that cryptocurrency platforms enabled widespread

December 17, 2022 1 min read

BIS Now Permits Banks To Hold 2% of Reserves in Cryptocurrency

The Prudential Treatment of Cryptoasset Exposure Report, December 2022, was recently published by the Bank for International Settlements (BIS). According to the latest policy announcement, financial institutions may now keep 2% of their reserves in cryptocurrency. The new policy, which allows banks to store 2% of their reserves in cryptocurrency,

December 17, 2022 1 min read

OneCoin Co-founder Pleads Guilty of Wire Fraud and Money Laundering

On Friday, the US Department of Justice (DOJ) stated that Karl Sebastian Greenwood, an associate of “Cryptoqueen” Ruja Ignatova and the co-founder of OneCoin, had pled guilty to federal counts of wire fraud and money laundering in connection with the OneCoin scandal. U.S. Attorney Damian Williams stated: “As a founder

December 17, 2022 1 min read