Tag: cryptocurrencies
All news related to cryptocurrencies, the digital assets that are revolutionizing the finance sector.
Only 54% of Crypto Ads Considered Illegal by FCA Were Removed in UK
Reading Time: < 1 minuteThe UK’s Financial Conduct Authority (FCA) was only successful in removing 54% of the 1,702 illegal crypto advertisements that were reported between October 2023 and October 2024.
Chinese Regulator Introduces Stricter Crypto Rules
Reading Time: < 1 minuteThe Chinese government has implemented new foreign exchange regulations that require banks to closely monitor and flag any high-risk transactions involving cryptocurrency assets.
MoonPay Secures MiCA Approval in Netherlands
Reading Time: < 1 minuteMoonPay has been officially approved to operate under the European Union’s Markets in Crypto-Assets (MiCA) regulation by the Netherlands.
Turkey to Implement New Crypto AML Regulations
Reading Time: < 1 minuteTurkey has announced new regulations for cryptocurrencies, taking inspiration from similar developments in major jurisdictions like Europe.
30% of South Korea’s Users Have Invested in Crypto
Reading Time: < 1 minuteThe Bank of Korea has recently announced that there were more than 15.59 million domestic investors in crypto assets, which accounts for over 30% of the country’s population.
Crypto.com Launches a Custody Service in US
Reading Time: < 1 minuteCrypto.com on Monday announced the launch of its new cryptocurrency custody service, called the Crypto.com Custody Trust Company.
IRS Says Crypto Staking is Taxable
Reading Time: < 1 minuteAccording to the US IRS, the rewards received from staking activities should be treated as ordinary income and be reported on a person’s tax return as such.
New Crypto Casino Platform Winna.com Secures $15 Million in Seed Funding
Reading Time: 3 minutesSan Jose, Costa Rica, 23rd December 2024, Chainwire
Tech Giant Google Will Require UK Crypto Ads to Register with National Regulator
Reading Time: < 1 minuteGoogle has implemented a new policy that requires digital asset exchanges and wallets to be registered with the Financial Conduct Authority (FCA) in the United Kingdom before being authorized to advertise on its platform.
Jump Crypto Subsidiary Agrees to Pay $123 Million to SEC
Reading Time: < 1 minuteOn December 20, Tai Mo Shan, a subsidiary of Jump Crypto, reached a settlement with the United States Securities and Exchange Commission (SEC) for a sum of $123 million.
Nigerian SEC Introduces Stricter Crypto Rules
Reading Time: < 1 minuteThe Nigerian Securities and Exchange Commission (SEC) has recently updated its regulations concerning cryptocurrencies, specifically targeting the marketing of crypto products and services by virtual asset service providers (VASPs) and social media influencers.
ESMA Publishes Final Guidelines on MiCA
Reading Time: < 1 minuteThe European Securities and Markets Authority (ESMA) has issued its final guidelines in anticipation of the implementation of the Markets in Crypto-Assets (MiCA) regulation.
UK’s Regulator Seeks Public Comment on Crypto Regulations
Reading Time: < 1 minuteThe Financial Conduct Authority of the United Kingdom is asking for the public’s opinion on its proposed strategies for enhancing the transparency of the nation’s crypto markets.
Bank of England Demands Companies to Disclose Their Crypto Exposure
Reading Time: < 1 minuteThe Prudential Regulation Authority (PRA), the regulatory arm of the Bank of England, has recently issued a directive that requires businesses to disclose their current and anticipated exposure to crypto assets by March 2025.
Australia May Introduce A Stricter Crypto Regulation
Reading Time: < 1 minuteAustralia has suggested more stringent measures to combat financial crime through the implementation of stricter Anti-Money Laundering and Counter-Terrorist Financing (AML/CTF) rules.
Visionary Entrepreneur Patents World’s First Non-Depreciating Crypto Asset
Reading Time: 3 minutesDubai, United Arab Emirates, 12th December 2024, Chainwire
Hong Kong Accelerates Crypto Licensing to Become Global Hub
Reading Time: < 1 minuteHong Kong is taking steps to expedite the approval process for cryptocurrency trading platforms as it aims to become a leading global hub for the crypto industry.
US Supreme Court Rejects Nvidia Appeal in Crypto Case
Reading Time: < 1 minuteThe Supreme Court has declined to hear Nvidia’s plea to halt a class-action lawsuit, signaling that the case will proceed.
CryptoAutos Announces TGE for $AUTOS Token Following Sold-Out Public Sale
Reading Time: 2 minutesLondon, United Kingdom, 10th December 2024, Chainwire
China Intends to Create a Bitcoin Reserve
Reading Time: < 1 minuteFormer Binance CEO Changpeng Zhao has proposed that China may consider creating a strategic Bitcoin reserve, possibly following a plan proposed by US President-elect Donald Trump.
Weekly Inflows into Crypto ETPs Reach $3.85B
Reading Time: < 1 minuteAs Bitcoin surged past $100,000 for the first time, investment products related to the cryptocurrency saw record inflows of $3.85 billion during the trading week of Dec. 2–6.
iYield Launches Crypto’s 1st Financial Planning Tool
Reading Time: 2 minutesMahe, Seychelles, 9th December 2024, Chainwire
Czech Republic Delays Tax on Bitcoin Gains
Reading Time: < 1 minuteThe Czech Parliament has voted to approve an amendment that will exempt individuals from paying personal income tax on capital gains from the sale of Bitcoin and other cryptocurrencies.
Trump Appoints ex-PayPal COO as Crypto Czar
Reading Time: < 1 minuteDavid Sacks, a former Chief Operating Officer of PayPal, has been chosen as the United States’ first artificial intelligence and crypto czar, a new position established by President-elect Donald Trump.
Australia’s Regulator Cracks Down on Cryptocurrency ATMs
Reading Time: < 1 minuteThe national financial intelligence agency of Australia has announced its priority for the upcoming year to focus on the cryptocurrency industry.
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