The Law Commission of England and Wales has recommended that the government establish a new category of personal property to encompass crypto assets. The independent body, which reviews and suggests legal reforms, highlighted the shortcomings of the current property classifications in addressing the complexities of digital assets in a recent ...
M2, a leading cryptocurrency exchange in the United Arab Emirates, has introduced a new service that enables the country's residents to directly purchase and sell Bitcoin and Ether using their bank accounts. According to a local report, users can now trade Bitcoin (BTC) and Ether (ETH) against the dirham through ...
Kamala Harris, the presumptive Democratic presidential nominee, is reportedly facing increasing pressure from influential Democratic donors to participate in a major crypto event in the United States this fall. According to a report from Decrypt, these donors are pushing for Harris to speak at Permissionless III, a prominent crypto conference ...
Swiss digital asset bank Sygnum has revealed plans for expansion in the European Union and Asia following a profitable first half of 2024. The bank reported significant growth across its services, with crypto derivatives trading surging 500% and spot trading volumes seeing a two-fold rise compared to the same period ...
India's Narcotics Control Bureau (NCB) is intensifying its surveillance of cryptocurrency payments on the darknet as part of a broader strategy to combat drug trafficking. During a Parliamentary session on July 24, Nityanand Rai, Minister of State for Home Affairs, outlined the country’s approach to curbing the import and inter-state ...
The US House of Representatives has approved a new bipartisan financial services bill aimed at addressing the use of cryptocurrency for illicit activities. The bill, passed on Monday, July 22, 2024, seeks to establish a government working group to evaluate the role of cryptocurrencies in terrorism and money laundering. The ...
The Attorney General of Iowa, Brenna Bird, has filed an amicus brief asserting that the United States Securities and Exchange Commission (SEC) exceeds its regulatory authority over the cryptocurrency sector. This brief, supported by attorneys general from Arkansas, Indiana, Kansas, Montana, Nebraska, and Oklahoma, claims the SEC's actions are stifling ...
KPMG LLP, the U.S. audit, tax, and advisory firm, has announced a strategic collaboration with Cryptio, a leading crypto accounting software platform, to help companies establish better controls for accounting for crypto assets. According to a press release, the partnership addresses the growing need for accurate financial reporting in the ...
Charles Hoskinson, co-founder of Input Output Global and a key figure in the Cardano blockchain ecosystem, has opposed Ethereum co-founder Vitalik Buterin's recent advice regarding political allegiances based solely on candidates' cryptocurrency stances. In a post on X, Hoskinson argued for a unified voting strategy within the crypto community, advocating ...
Bankrupt crypto lender BlockFi will commence its first interim crypto distributions to its creditors through Coinbase. According to an announcement by the firm on X, the process would commence in July and continue in batches over the upcoming months. It noted eligible clients will be notified via the email associated ...
