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” After years of doubts and concerns, it is finally Bitcoin’s time to shine “ Gold has served as a store of value for thousands of years. Due to this, investors have widely used it as a hedging tool against the effects of recessions and inflation often caused by geopolitical tensions. In light of recent…
” Secretary Yellen recognizes ‘benefits of crypto’ despite lingering skepticism “ Janet Yellen, the 78th United States Secretary of the Treasury, spoke Friday morning on CNBC’s flagship business and politics show Squawk Box, on an array of topics from the growth of the renewable energy sector amid Russia’s economic isolation, the rising levels of inflation…
” Crypto tax policy framework passes India’s parliament despite pushback from lawmakers “ A tax framework on cryptocurrencies introduced by India’s Finance Minister Nirmala Sitharaman will become law in the country after being passed as an amendment to the Finance Bill. On Friday, India’s lower house of parliament, the Lok Sabha, passed the 2022 Finance…
” Vanuatu Prime Minister says yes to Satoshi Island crypto project “ It’s not every day that a country’s leader endorses a cryptocurrency project. Nayib Bukele, the President of orange-pilled El Salvador, was the first leader to endorse Bitcoin (BTC). Now, the Prime Minister of Vanuatu, the Honourable Bob Loughman, has officially given the green…
” European crypto regulatory framework goes to three-way consideration without PoW ban “ The much-dreaded prospect of a ban on cryptocurrencies that use proof-of-work (PoW) consensus is making its way into a key European digital asset directive appears to have blown over. Thursday marked the last day when the European Parliament could stop the current…
” US senators Lummis, Gillibrand reveal working on bipartisan crypto legislation “ United States Senator from New York Kirsten Gillibrand revealed working with Senator Cynthia Lummis on a broad-based regulatory framework for the crypto industry on Thursday during a live event in Washington, D.C. As Gillibrand specified, she and Lummis are undertaking “a very complex and…
” Top Israeli bank to accept BTC and ETH trading through Paxos’ collaboration “ Leumi Bank, one of the largest lenders in Israel, reportedly started to accept Bitcoin (BTC) and Ether (ETH) trading. According to a Thursday report by Reuters, Pepper Invest, Leumi’s digital platform, partnered with blockchain infrastructure provider Paxos to launch crypto trading. Pepper…
” Korean crypto exchanges are now in compliance with the Travel Rule “ South Korean crypto exchanges have reached the government-mandated deadline to come into compliance with the so-called Travel Rule, but not all industry players are pleased with the measure. Starting today, Korean exchanges will flag any crypto transfers worth more than roughly $821….
” Bank of England and regulators assess crypto regulation in raft of new reports “ The Bank of England Financial Policy Committee and other U.K. regulators are assessing crypto regulation after publishing reports on financial stability relating to cryptoassets and decentralized finance. The BoE report was released on Thursday, and the Financial Conduct Authority, or…
” DOJ cracks down on ‘rug pulls’, charging Frosties NFT project founders “ The Department of Justice (DOJ) has taken action against an alleged NFT rug pull, after it slapped the founders of the Frosties project with charges relating to fraud and money laundering. The two founders are accused of purposely concealing their identities to…