The BRICS nation bloc—Brazil, Russia, India, China, and South Africa—has officially launched its highly anticipated cross-border payment system, "BRICS Pay." The blockchain-based platform, designed to streamline transactions among member nations, was unveiled on October 17 at the ongoing BRICS...
After a lengthy spell of research and public consultations that began in 2017, the Bank of Canada has decided to discontinue its efforts to create a digital version of the Canadian dollar. This decision comes even as the central...
The Democratic Party's candidate for the U.S. presidential elections coming up early next month, Kamala Harris, has largely maintained a low profile when it comes to discussing the crypto industry. Her broader policy platform, the "Opportunity Economy," noticeably avoided...
Italy's government is proposing a significant increase in the capital gains tax on Bitcoin investments as part of its 2025 budget plan. During a recent press conference, Deputy Economy Minister Maurizio Leo announced that the tax rate on Bitcoin...
The European Securities and Markets Authority (ESMA) is reportedly advocating for mandatory external audits of cybersecurity defences within cryptocurrency companies, as outlined in a report by the Financial Times on Wednesday. Though specific sources weren't cited, the report suggests...
The Chinese government banned cryptocurrency in 2021 in a bid to reduce financial risks and control money flow. However, mining pools in the country continue to wield significant influence over the Bitcoin network. As Ki Young Ju, founder and...
Crypto derivatives exchange Bitnomial has filed a lawsuit against the U.S. Securities and Exchange Commission (SEC), its chair Gary Gensler, and four commissioners, challenging the SEC’s jurisdiction over its XRP Futures product. Bitnomial alleged that the SEC's classification of...
Californian investor Nikolas Gierczyk has filed a lawsuit against hedge fund Olympus Peak, accusing the firm of failing to honour an agreement related to an FTX bankruptcy claim. According to a Bloomberg report, Gierczyk claims the hedge fund owes...
IPG Legal, a South Korean law firm specializing in the country's legal system, has stated that married couples in South Korea can now include cryptocurrency holdings in dividing assets during divorce proceedings. The firm clarified how cryptocurrencies are treated...
Taiwan is taking significant steps toward greater institutional adoption of cryptocurrencies, with regulators planning to pilot crypto custody services through local banks. According to a report by the local media outlet, Central News Agency, the country's top financial regulator,...
