regulation Archives

Kenya to tax digital assets, NFTs in proposed bill

Business

Steve Kaaru

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9 May, 2023

Kenya to tax digital assets, NFTs in proposed bill

Kenya will impose a 3% tax on the transfer of digital assets and NFTs under the proposed 2023 Financial Bill...

North Carolina bans CBDCs with passage of new bill

Business

Wahid Pessarlay

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9 May, 2023

North Carolina bans CBDCs with passage of new bill

The new bill by Republican lawmakers argues that an attempt to introduce CBDCs aims at “surveilling Americans and controlling behavior...

Montana bill backing digital currency miners inked into law

Tech

Wahid Pessarlay

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8 May, 2023

Montana bill backing digital currency miners inked into law

Digital currency miners in the State of Montana have been assured of their rights following the passing of the S.B....

Terraform Labs wants US lawsuit dismissed since LUNA/UST was developed overseas

Business

Steve Kaaru

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8 May, 2023

Terraform Labs wants US lawsuit dismissed since LUNA/UST was developed overseas

The lawsuit should be dropped as its protocols were developed overseas, according to Terraform Labs. It had been sued for...

Digital assets definition excluded in SEC’s new regulations for hedge funds

Business

Wahid Pessarlay

-

6 May, 2023

Digital assets definition excluded in SEC’s new regulations for hedge funds

The U.S. securities regulator noted that its employees are still mulling over a proper description for the digital currency asset...

French senate mulls allowing influencers to promote digital assets

Business

Wahid Pessarlay

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6 May, 2023

French senate mulls allowing influencers to promote digital assets

France backpedals with its proposed ban on restricting influencers from promoting digital asset products, with plans to work with the...

BitFlyer hit with $1.2M fine in New York over cybersecurity rules breach

Business

Wahid Pessarlay

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5 May, 2023

BitFlyer hit with $1.2M fine in New York over cybersecurity rules breach

As per the consent order, the New York Department of Financial Services found several loopholes in bitFlyer USA's security protocol,...

3AC founders draw ire of Dubai regulator over new project

Business

Wahid Pessarlay

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4 May, 2023

3AC founders draw ire of Dubai regulator over new project

VARA notes that OPNX crossed its radar in February when the project began collecting personal data from customers, and in...

FBI, Ukraine seize domains from 9 exchanges accused of promoting illicit activity

Business

Wahid Pessarlay

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4 May, 2023

FBI, Ukraine seize domains from 9 exchanges accused of promoting illicit activity

The exchanges mentioned in the bust include 24xbtc.com, 100btc.pro, pridechange.com, 101crypta.com, uxbtc.com, trust-exchange.org, bitcoin24.exchange, paybtc.pro, and owl.gold.

White House wants to ‘make miners pay’ for wasteful energy usage

Tech

Jon Southurst

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4 May, 2023

White House wants to ‘make miners pay’ for wasteful energy usage

The White House proposes the Digital Asset Mining Energy (DAME) excise tax on such operations, which would phase in to...

European regulators mull digital euro, MiCA and stablecoins in new report

Business

Steve Kaaru

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3 May, 2023

European regulators mull digital euro, MiCA and stablecoins in new report

While the digital euro will boost financial inclusion, it has the risk of bank disintermediation; regulators say as they called...

Nigeria SEC weighing allowing tokenized assets, ‘but not crypto’

Business

Steve Kaaru

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2 May, 2023

Nigeria SEC weighing allowing tokenized assets, ‘but not crypto’

The Nigerian securities regulator says it will allow exchanges to trade tokens backed by debt, equity, or property, but will...

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