A prosecutor from Turkey is demanding 40,000-year imprisonment for 21 respondents linked to the crypto exchange named Thodex, as per the indictment submitted on Thursday. The Turkey-based Thodex declared in the previous April that the venue thereof had been briefly shut down to tackle the malfunction in the accounts of the firm whereas Faruk Fatih…
Evgeny Grabchak, Deputy Minister of Energy in Russia has suggested regulatory authorities to bring new regulations for cryptocurrency mining operations, as current “Vacuum” hinders economic potential. According to reports from several media outlets, the Deputy Minister of Energy, Evgeny Grabchak has asked the Russian government to bring fresh cryptocurrency mining regulations, promoting the legalization of…
According to multiple reports, the finance ministry of the United Kingdom will soon be releasing a new set of regulations, regarding the trading of cryptocurrencies in the region. New Crypto Regulations The United Kingdom is soon getting some fresh laws for cryptocurrency trading and operations, as reports suggest that the finance ministry will soon be…
Top US-based crypto exchange, Coinbase, has requested that the crypto community reject the EU’s proposed amendment of the funds’ transfer policy, stating that a modification of that policy will negatively affect crypto transactions, especially a breach of privacy. The exchange, whose headquarters is based in San Francisco, further appealed that the crypto community should be…
Crypto asset management firm Grayscale has announced a non-ETH trust fund launch, especially those for Ethereum’s main rivals such as Solana, Polkadot, Cardano, and Avalanche. Grayscale’s Newest Investment Product On March 22, Grayscale revealed its latest crypto investment fund product (Grayscale smart contract platform ex-Ethereum, GSCPxE). According to Grayscale, the primary objective of launching this…
Less than seven days to implement the updated tax laws, confusion reigns over India’s crypto tax policies. A parliamentary addendum to questions regarding the crypto tax policy states that crypto traders can’t compensate for losses on one digital asset by making a profit from another one. With the updated policy set to become effective by…
Russia’s apex bank has approved Sberbank (the nation’s top lender) to start providing digital assets services. The move became necessary after EU and US sanctions had strongly devalued Russia’s fiat currency earlier this month. The Operational License Becomes Effective Immediately Sberbank released an official statement confirming the notice saying, “we are among the financial service…
Regarding the announcement made by its Prime Minister, the United Arab Emirates (UAE) has recently initiated new laws and proper regulations regarding digital assets in the region. Vice President and Prime Minister of Dubai, Sheikh Mohammed bin Rashid Al Maktoum made an announcement recently, stating that the government has now given approval to digital asset…
The much-awaited executive order will be signed today by President Joe Biden. The order aims to address the benefits and dangers of digital currencies as well as direct government entities to work together to bolster innovation and prevent illicit crimes. A statement read from the White House (WH) reveals the order will also push the…
The CEO of Ripple, Brad Garlinghouse, said the US Security and Exchange Commission has no case against Ripples. In December 2020, the SEC sued Ripple for an alleged crime that Ripple sold unregistered XRP (Ripple’s native token). Brad dismissed the allegation made by the SEC against his company. The CEO said that the SEC has…
There seems to be a proportional growth rate between the efforts of the US lawmakers to regulate crypto activities and the growth of the crypto industry. The above presumption proved true following the analysis provided by the crypto analytics startup, crypto head. The crypto analytics company noted a significant surge in crypto industry lobbying last…
A new document revealed by attorney Jeremy Hogan, one of the partners at the Hogan-Hogan law firm, shows that the SEC and Ripple have agreed to a 1-hour settlement discussion two weeks following the close of fact discovery. Overwhelming Proof If the settlement talks yield positive results, the case could be settled within the next…
The outrage from the crypto world has caused the EU parliament to delay a crucial vote in its highly expected crypto market regulatory policy. The mica (markets in the crypto-assets directive) was scheduled to hold its vote this coming Monday. Why The Vote Is Delayed The conclusion of the vote will lead to a negotiation…
North Korea is a country that always remains in the headlines, not just because of the continuous experimentation of ballistic missiles – due to which the United States and the allies thereof feel irritated – but also due to its enthusiasm for being accused of stealing the crypto from the other countries. North Korea alleged…
Bitget, a Singapore-headquartered venue of digital assets, is reported to have been blocked by Singaporean Monetary Authority following its indulgence into contention with an organization over the promotion of BTS (the boy bank of K-Pop). According to the 5th December report of the Financial Times, the exchange lost the license thereof after it controversially listed…
Binance, a very prominent exchange of cryptocurrency, is on the verge of the withdrawal of its application filed for getting a license in Singapore, and it is looking somewhere else for following its pursuit of building a worldwide headquarters, as reported by the Business Times (a news agency in Singapore) which also referred to the…
Crypto exchanges functioning in the UK will be forced to recompense the 2% of the gains as a tax for the utilization of the digital services after the latest update made in the HMRC (Her Majesty’s and Custom Regulations). The exchanges cannot be exempted from the respective tax like the other financial marketplaces as they…
There are diverse opinions and views as regards the Tuesday meeting of the United States Senate ad-hoc Committee on Banking, where the legislature will look into the control and regulation of Stablecoins. The meeting will, among other things, consider the pros and cons attached to the issuance of stablecoins to users as well as the…
The securities regulator of India, SEBI – Securities and Exchange Board of India, has signed the approval for the first Exchange-Traded Fund that invests in crypto firms. The fund has its investment cut across different companies in the crypto ecosystem, including, Bitfarms, MicroStrategy, SBI Holdings, and Coinbase. Over the past year, the fund has increased…
There are several aspects of Ripple Labs and SEC lawsuit that does not make a lot of sense. However, the crypto community has been dependent on hearing from media outlets about the latest development in the case. Fox News reports promised the public to issue a detailed report on the matter to clarify all that…