SEBA Bank partners with HashKey for institutional crypto adoption
The two firms will create solutions for institutional investors seeking to dive into the crypto ecosystem. Go to Source Powered by WPeMatico
Month: December 2022
Report: Nigerian Finance Bill Has Provisions Allowing Govt to Tax Crypto Transactions
A Nigerian finance bill, which seeks to amend the country’s various tax statutes, contains provisions which allow the government to tax cryptocurrency and other digital asset transactions, a report has said. Nigeria is reportedly seeking to join six other countries, including two from Africa, which already levy taxes on digital asset transactions. Extracting More Revenue … Read more
Crypto layoffs trigger mixed responses from the community
From giving encouragement to trying to recruit the laid-off staff, crypto community members posted various responses to recent crypto layoffs. Go to Source Powered by WPeMatico
Crypto community baffled by SBF dictating terms over congressional hearing
Many in the crypto community pointed towards Bankman-Fried’s political donations and good Democratic connections via his parents, being one of the key reasons for him to evade arrest. Go to Source Powered by WPeMatico
Audit firm Mazars to verify KuCoin’s Proof-of-Reserves
Mazars, the former accounting firm for Donald Trump’s companies, was hired recently to audit Binance’s PoR. Go to Source Powered by WPeMatico
Standard Chartered forecasts ‘surprise’ Bitcoin downside after FTX collapse
Multinational bank Standard Chartered considers potential downside for Bitcoin in 2023 as the cryptocurrency ecosystem weathers the collapse of FTX. Go to Source Powered by WPeMatico
Brazilian Companies Break Crypto Purchasing Records Again in October
According to the latest reports from the Brazilian tax authority (RFB), institutions have again broken crypto purchasing records in Brazil. The organization registered that almost 42,000 companies purchased some kind of cryptocurrency during October, a new record that overturns the 40,161 that declared having purchased crypto during September. Brazilian Companies Purchase Crypto in Waves More … Read more
Pakistan launches new laws to expedite CBDC launch by 2025
The State Bank of Pakistan signed in new laws for Electronic Money Institutions — non-bank entities offering digital payment instruments — to ensure the timely issuance of a CBDC in the next three years. Go to Source Powered by WPeMatico
‘Imminent’ crash for stocks? 5 things to know in Bitcoin this week
Bitcoin gets a boost from a declining U.S. dollar, but BTC price action is anything but straight bullish, say analysts. Go to Source Powered by WPeMatico
Russia’s Largest Digital Asset Deal Denominated in Chinese Yuan
A Russian company has announced the country’s first authorized transaction with digital financial assets (DFAs) involving a foreign currency, China’s yuan. The deal, reportedly the largest made to date under the current Russian DFA law, covers the issuance of tokens secured by commercial debt. Digital Financial Assets for 58 Million Yuan Issued by Russian Platform … Read more
