Day: 18 October 2023

On October 17, 2023, the European Union Council approved a crucial revision to the Directive on Administrative Cooperation (DAC) with the goal of simplifying tax reporting for cryptocurrency transactions. This latest update, referred to as "DAC8," marks the eighth revision, with each previous directive addressing distinct aspects of financial oversight. ...

The European Central Bank (ECB) has called for the development of a comprehensive regulatory framework to address the liabilities and risks associated with Decentralized Autonomous Organizations (DAOs). In a recent paper titled "The future of DAOs in finance - in need of legal status," the ECB highlights the need for ...

The Markets in Crypto Assets (MiCA) regulatory framework is the European Union (EU)'s attempt to provide regulatory clarity in the region's crypto and digital asset sector. It introduces a unified, comprehensive, and consistent set of rules for crypto-assets and addresses areas not currently covered by existing financial laws. MiCA covers ...

Yuga Labs, the creator of the popular NFT collection Bored Ape Yacht Club, has undergone a significant company-wide restructuring, including staff layoffs, in response to challenges within the crypto industry.  Yuga CEO Daniel Alegre confirmed the completion of this restructuring process in a recent tweet.  According to Alegre, the primary ...

The cryptocurrency landscape in Hong Kong has experienced a notable shift in sentiment after a major exchange scandal that unfolded last month. According to early findings from a survey conducted by the Hong Kong University of Science and Technology (HKUST), attitudes towards virtual assets have become more negative. The business ...