South Korea is taking steps to tighten its monitoring of cross-border cryptocurrency transactions in order to prevent tax evasion and address foreign exchange crimes. Finance Minister Choi Sang-Mok revealed this at a G20 meeting in Washington. According to a...
Chiliz has announced that its sports-centric blockchain platform, Socios.com, has received in-principle approval for a Class 3 Virtual Financial Assets Act (VFAA) license from the Malta Financial Services Authority (MFSA). This license will allow Socios.com to offer digital asset...
The Dutch Ministry of Finance has opened a consultation process on its proposed regulatory framework to tighten crypto tax rules and improve transparency in digital asset ownership. It announced that feedback from crypto service providers, citizens, and other relevant...
In 2024 so far, over a dozen cryptocurrency exchanges in South Korea either shut down or paused their operations, leaving nearly 34,000 users with unclaimed assets totalling 17.8 billion won (approximately $13 million), according to a new report from...
Denmark's Tax Law Council has proposed a bill that could impose taxes on unrealized gains and losses for cryptocurrency assets held by Danish investors, potentially starting in 2026. In its comprehensive 93-page report on crypto asset taxation, the council...
Ethereum-focused blockchain developer Consensys has called on the next U.S. administration to prioritize clear regulations and support for innovation in the crypto industry as the 2024 presidential election draws near. In an open letter addressed to the "next U.S....
Brad Garlinghouse, CEO of Ripple Labs, recently expressed regret for not engaging with U.S. regulators earlier in the development of cryptocurrency trading. In a conversation with CNBC at DC Fintech Week on October 24, Garlinghouse noted that he has...
The Nigerian government has formally dropped all charges against Tigran Gambaryan, an executive at Binance Holdings, who had been on trial for money laundering since April. According to a report by local media outlet PremiumTimes, the charges, linked to...
State securities regulators across North America are facing an unprecedented surge in technology-driven investment fraud as digital assets and social media scams reach record levels, according to a new report by the North American Securities Administrators Association (NASAA). The...
Norway's central bank, Norges Bank, is expected to make a pivotal decision regarding the implementation of a central bank digital currency (CBDC) by next year, according to Deputy Central Bank Governor Pål Longva. In an interview with Bloomberg on...
