FSOC Report provokes the mandatory need of crypto regulation in the US The UN forecasts a 2.5% drop in global economic growth this year. The Biden administration and the Capitol Hill, a.k.a the US Congress, are in serious conversation to enforce a crypto regulatory framework in the United States. The
SEC recently alleged that 9 crypto assets listed by Coinbase are securities. SEC continues to have an eagle eye on the unregulated crypto industry. After charging a former Coinbase employee in an insider trading case, the U.S Securities and Exchange Commission (SEC) is now extremely serious on the grounds to
The U.S. Treasury announced on Thursday, that it had presented “a framework” to US president Joe Biden for collaboration with their overseas counterparts and an interagency strategy to address the advantages and disadvantages of cryptocurrency. Under the White House executive order, which was released in March. The U.S. Treasury had
Bitcoin withdrawn from exchanges can be deposited in the bank accounts. As of now, the bank does not provide any direct crypto-based services. Towerbank, one of the top banks in Panama, has now joined the list of “crypto-friendly banks” that have voiced their support for Bitcoin adoption. Initially, this information
Colin Wu, a China crypto reporter, said the Chinese government could implement even stronger restrictions or even ban stablecoins. Due to the collapse of the Terra network, China’s media source, the Economic Daily, has indicated that the Chinese government may impose even tighter restrictions on cryptocurrencies. The source described how
Tech industry contributes 9.3% to the US economy. 33257 Bitcoin (BTC) ATMs are installed in the nation. The United States is the largest base for numerous tech companies, making the nation the giant tech base. As per the report from CompTIA, an American trade association, the US tech industry raised
The IMF provided a fund facility of $45B to Argentina in May 2020. In March, the monthly inflation rose up to 6.7% in Argentina. Argentina’s inflation rates are spiking up at an alarming rate. As reported by INDEC, its national statistical agency, the inflation rate reached an all-time high at 55.1%.
The 30% Capital gains tax on crypto assets is effective in India from April 2022. Total estimated realized crypto gains by India in 2021 was $1.85B. On Wednesday, prominent representatives of the crypto industry met the Indian Parliamentary Standing Committee on Finance (SCOF) in Bengaluru. No significant details of the
Brazil, has been into various rumors and talks constantly when it comes to its crypto industry. True to the fact, Brazil is indeed one of the most highly active crypto users around the world. In spite of this, the nation’s decisions on crypto and Bitcoin (BTC) have been going on
South Africa soon to bring out new crypto regulations. Announced officially regarding the news. Mixed reviews among the citizens of South Africa. As the crypto regulations have so far played a major role in deliberating the crypto industry of a nation, new regulations and revised ones are also on the
