A coalition of U.S.-based financial industry organizations has united to oppose a draft bill proposed by the U.S. House Committees on Financial Services and Agriculture concerning the structure of the cryptocurrency market. The coalition, which comprises 21 organizations, including Americans for Financial Reform and the Center for Responsible Lending, co-signed ...
Israel is considering exempting foreign residents from capital gains taxes on the sale of digital currency in a move designed to attract foreign investors and stimulate the local economy. The Israeli Knesset passed an initial reading of a bill on July 5, 2023, which seeks to provide tax advantages to ...
According to data from RootData, a crypto data analytics platform, venture capital investments in cryptocurrency firms have experienced a significant decline of over 70% within the last 365 days. The sharp decline stands in stark contrast to the sector's performance in the previous year. In June 2022, there were a ...
Simon Callaghan, the newly appointed CEO of Blockchain Australia, has called for collaboration between Australia's banks, government, and the cryptocurrency sector to combat the rising threat of cryptocurrency fraud. Speaking on June 30, 2023, during the closing day of Australian Blockchain Week in Melbourne, Callaghan announced that the organization's top ...
The Reserve Bank of New Zealand (RBNZ) has announced its commitment to intensify monitoring of stablecoins and the crypto-assets sector within the country. However, the central bank has clarified that it will not be implementing a regulatory framework at this time. In a statement released on June 30, 2023, Ian ...
Slovakia's parliament has recently approved a new bill that aims to foster cryptocurrency adoption and investment and significantly change the taxation regime for Bitcoin ownership in the country. The bill, passed on June 28, 2023, includes a notable reduction in personal income tax on gains from the sale of cryptocurrencies ...
A recent study conducted by financial research firm, Investment Trends, on behalf of the Australian Securities Exchange (ASX) has revealed a surprising trend among young Australian investors. According to the study, approximately one-third of these young investors currently possess or have engaged in trading cryptocurrencies despite considering themselves more "risk ...
OKX has obtained a Minimal Viable Product (MVP) Preparatory License from the Dubai Virtual Assets Regulatory Authority (VARA), according to a press release by the firm. The MVP preparatory licence enables the Seychelles-based crypto exchange to fulfill the necessary pre-conditions for operating as a virtual asset provider in the United ...
Commonwealth Bank (CBA), a leading Australian bank, has implemented proactive measures to mitigate potential fraud risks associated with cryptocurrency transactions. In an announcement on June 8, 2023, the bank revealed that it will now refuse or subject certain payments to a 24-hour hold when dealing with cryptocurrency exchanges. This decision ...
The U.S. House of Representatives Financial Services Committee has scheduled a hearing to shed light on the digital asset ecosystem and discuss the future of cryptocurrencies in the country. The Committee Chairman, Representative Patrick McHenry, announced this decision on June 6, 2023, via the Committee's Twitter handle. #NEW: Chairman @PatrickMcHenry ...
