The government of the United Kingdom has proposed over thirty changes to financial regulation, some of which include the expansion of tax benefits for investment managers to include crypto assets. To replace EU law in areas like disclosure for financial products, the so-called “Edinburgh Reforms” ease ring-fencing capital regulations to
The Terra Rebels’ official Proposal 11030 for Terra Classic has been submitted to the community for a vote. The plan will allow Terra Rebels to withdraw 937,500,000 LUNC tokens from the community pool, at a value of $150,000, to use in the creation of Rebel Station. Moreover, the LUNC group
In light of the current market turmoil, the Securities and Exchange Commission (SEC) has released new rules for corporations making financial disclosures, requiring them to disclose a more comprehensive record of their connection to the crypto sector. The criteria, detailed in an illustration letter, extend beyond the balance sheet total
Koinly, a crypto tax firm located in the United Kingdom, has announced the layoff of 14% of its worldwide staff to tackle the tough circumstances affecting the cryptocurrency sector and economy at large. There will be a total of 16 layoffs, with CEO Robin Singh citing the worsening bear market
Several measures governing cryptocurrency mining in Kazakhstan have been enacted by the Kazakh legislature, including the “On Digital Assets of the Republic of Kazakhstan” bill. There will be new tax laws for cryptocurrencies, advertising for cryptocurrency transactions will be prohibited, and miners will be required to buy only power that
According to the Financial Times, the UK Treasury is working to finalize a framework for Crypto regulation. There have been some major legislative shifts in the crypto industry and its interactions with overseas businesses that have made headlines recently. The regulatory status of cryptocurrencies has dominated headlines throughout the FTX
The memo, headlined “The financial-market surprises of 2023,” was released by Standard Chartered Bank on Sunday. Eric Robertsen, Standard Chartered’s global director of research, said that some of the possibilities outlined in the report are “under-priced by the markets.” The price of bitcoin may fall below $5,000 in the next
Beginning with domestic bank-to-bank transactions, Indonesia is advancing its “Project Garuda” plans for a central bank digital currency (CBDC) called Digital Rupiah. The official introduction of the Digital Rupiah design happened last week by the Bank of Indonesia. In the meanwhile, other large economies like India have been trying out
Monetization features, including a cryptocurrency called “Twitter Coin,” are supposedly under development at Twitter. Nima Owji and Jane Manchun Wong, app researchers, tweeted about a secret “Coins” option in the app’s “Tips” settings. Prior to this, Elon Musk had mentioned accepting Dogecoin (DOGE) on Twitter. Though, it’s not clear whether
EMURGO, a founding member Cardano (ADA), has just announced the establishment of a new social media network named the Cardano Spot. To bring together in one place all of the Cardano supporters, admirers, and token holders spread out around the world. Cardano Spot is a user-generated, interactive platform intended to
