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
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
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
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
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
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,
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
In response to B. Riley’s $72 million investment. Shares of Core Scientific, a Bitcoin mining company, have more than doubled in price during the previous 48 hours, from $0.15 to $0.46. Core Scientific, one of the major crypto-mining corporations in the United States, has had a disappointing year, prompting this
The European Central Bank (ECB) joined the U.S. Federal Reserve and other central banks around the globe in taking action against inflation on Thursday by lowering the pace at which it is increasing interest rates. In an effort to combat the high costs that are weighing on consumers, the central
The Polkastarter GAM3 Awards, known as the Grammys for web3 gaming, have announced its winners. The first-ever industry awards were concluded on December 15 with the live announcement of the 16 winners. The GAM3 Awards Game of the Year, which honors the greatest web3 game that crosses the lines between
