Telegram CEO Pavel Durov arrested in France: Law Decoded
The Telegram founder’s unexpected arrest marks a significant development in the ongoing scrutiny of tech leaders amid growing legal challenges facing the crypto industry. Go to Source
Crypto Regulation
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Thai authorities raid illegal Bitcoin mine behind local power outages
Thai authorities will address the broader issue of illegal mining and its impact on the country’s energy infrastructure. Go to Source
Abu Dhabi proposes framework for fiat-referenced tokens
FRTs are a type of stablecoin backed by liquid assets denominated in the same currency as the token and can be liquidated with minimum adverse price effect. Go to Source
CZ and Binance face new lawsuit for alleged laundering of stolen crypto
One legal expert says if the class action lawsuit progresses, it could put the “efficacy of blockchain analytics itself” on trial. Go to Source
Nigerian SEC to issue crypto platform licenses as market size grows: Report
In June, the SEC updated its regulations to better oversee cryptocurrency platforms and exchanges and improve monitoring of digital asset trading. Go to Source
Nigeria Aims to Include Cryptocurrencies in Tax System Overhaul
The Nigerian government is looking to impose taxes on the cryptocurrency industry. The Federal Inland Revenue Service (FIRS) plans to introduce a new tax law to achieve this. Despite being a major crypto market, Nigeria currently receives minimal tax income from crypto-related activities. The FIRS is seeking support from the Nigerian National Assembly to implement … Read more
Nigeria’s tax watchdog proposes comprehensive crypto
The FIRS’s initiative to regulate cryptocurrency and update tax laws reflects a broader trend in Nigeria toward embracing and managing digital asset. Go to Source
Coinbase, KuCoin, others join in Turkey crypto license application
As the CMB continues to update the list and companies work to meet regulatory requirements, the Turkish crypto market is poised for significant changes. Go to Source
Coinshares Weighs Trump and Harris’ Impact on Bitcoin Ahead of 2024 Election
In a recent report, Coinshares and author Max Shannon examine the potential impact of the 2024 U.S. presidential election on bitcoin, with a focus on the policies and positions of former President Donald Trump and current Vice President Kamala Harris. Coinshares’ analysis suggests that the outcome could significantly influence the regulatory landscape for digital assets. … Read more
New York regulator hunts crypto and AI specialist for policy unit
The NYDFS is recruiting a policy specialist to address key crypto, DeFi, and AI issues within financial services. Go to Source
