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“# ASIC chair Longo calls the growing demand for crypto ‘impossible to ignore’ ” Joe Longo, chair of the Australian Securities and Investments Commission, or ASIC, spoke at the Australian Financial Review Super and Wealth Summit on Monday at the Fullerton Hotel in Sydney. The rise of crypto, he said, has been “nothing short of…
“# eToro to delist Cardano by 2022 for US users due to regulatory concerns ” In a statement released to customers on Tuesday, Israeli cryptocurrency exchange eToro announced it would delist Cardano (ADA) and Tron (TRX) for United States customers by the end of the year. After Dec. 31, U.S. users will no longer be able…
“# eToro to delist Cardano by 2022 for US users due to regulatory concerns ” In a statement released to customers on Tuesday, Israeli cryptocurrency exchange eToro announced it would delist Cardano (ADA) and Tron (TRX) for United States customers by the end of the year. After Dec. 31, U.S. users will no longer be able…
“# South Korea financial authority rules that NFTs are taxable ” South Korea’s Financial Services Commission, or FSC, announced Tuesday that nonfungible tokens, or NFTs, will be taxed starting next year. According to The Korea Herald, this tax law amendment would impose a 20% tax on income from virtual assets that exceed 2.5 million won…
“# Bank of England sees CBDCs as a revolution for the future of money ” In an event streamed live on Wednesday, Bank of England governor Andrew Bailey and deputy governor for financial stability Sir Jon Cunliffe answered questions from lawmakers from the Economic Affairs Committee. When asked about the growth of innovation surrounding digital currencies…
“# Fed conducted ‘policy sprints’ around crypto assets to address regulatory clarity ” The United States Federal Reserve is planning to address ambiguities that they feel are plaguing digital asset regulation in the country following rapid analyses by government agencies. In a Tuesd announcement, the Board of Governors of the Federal Reserve System said it…
“# Regal to partner with Flexa to enable digital currency payments in theatres ” On Tuesday morning, Regal, a movie operator of more than 500 locations and 7,000 screens in 42 states plus D.C., announced it would be partnering with digital payment network Flexa to enable its customers to pay with crypto for movie tickets,…
“# How Solana and Cardano are paving new avenues for NFT growth ” The term “digital ownership” has only recently come to mean anything. While nonfungible tokens (NFTs) have been around for some time now, it’s in the last year or two that they’ve caught the attention of mainstream media. The third quarter of 2021…
“# Indian parliament’s agenda for winter session includes bill on banning ‘private cryptocurrencies’ ” The Indian government will be considering a bill that would create a digital rupee starting as early as next week, but may also ban certain cryptocurrencies in the country. According to a Tuesday publication, India’s lower house of parliament, Lok Sabha,…
“# Sandbox token SAND rallies 260% in November ahead of play-to-earn metaverse launch ” SAND, the native token of The Sandbox — a blockchain-based gaming platform owned by Animoca Brands — inched higher on Nov. 23, building on its gains made across November to reach another record high. The price of SAND rose to $5.64 after swelling 16.25%…