A Turkish Prosecutor Pursues Jail Time Of Up To 40K Years For Thodex Rugpull

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…

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Russian Deputy Minister Urges Government To Legalize Crypto Mining

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…

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UK Is Likely Going To Introduce New Cryptocurrency Regulations Soon

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…

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Don’t Accept EU’s Modification Of The Funds “Transfer Regulation” – Coinbase

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…

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Grayscale Launches Non-Ethereum Smart Contract Fund

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…

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New Tax Policy Will Stunt Crypto Market Growth – WazirX Founder

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…

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Russia’s Apex Bank Grants Sberbank Digital Asset Operating License

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…

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Dubai Has Introduced A New Cryptocurrency Law

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…

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US Lawmakers to be Educated and Influenced by the Crypto Industry Amid Increasing Regulations

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…

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The Debate Over PoW Mining Delays Europe’s Votes On A Crypto Market Directive

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…

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Crypto Bomb Fired At US: North Korea Openly Calls the United States the King Of Thefts

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…

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Dissenting Opinions As Regards The US Senate Hearing on Stablecoins Regulation

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…

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Securities And Exchange Board Of India Approves First Cryptocurrency ETF

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…

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