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The European Commission is preparing to discuss with member states the adoption of a common tax regime for crypto assets, European officials have indicated. The talks with national treasuries are expected to start next year with the aim to end the differentiated tax treatment of cryptocurrencies across the bloc’s 27 jurisdictions. European Union to Consider … Read more
Companies developing software solutions for foreign customers are urging Russian authorities to allow them to accept crypto payments. The proposal is part of a package of measures aimed at supporting IT exports suggested by an industry organization to the executive power in Moscow. IT Businesses Call on Russian Government to Permit Cross-Border Crypto Settlements Russian … Read more
The DeFi market faced the heat of the FTX turmoil as well with majority of tokens and projects registering a blood bath over the past week. Go to Source Powered by WPeMatico
The collapse of Sam Bankman-Fried’s crypto empire is likely to have ripercussions beyond the crypto markets, according to senior commodity strategist at Bloomberg, Mike McGlone. Go to Source Powered by WPeMatico
A Bitcoin whale has moved 3,500 BTC to new wallets for the first time since 2011, changing the address format from P2PKH to P2SH. Go to Source Powered by WPeMatico
Deepak.eth, the founder of the blockchain infrastructure Chain, listed their NFT collection for sale on OpenSea starting at 8,000 ETH. Go to Source Powered by WPeMatico
The government of Indonesia wants to assign crypto supervision to the Asian nation’s financial watchdog in order to ensure better protection for investors. The move is part of a planned overhaul of regulations in the sector aimed at increasing oversight of the expanding digital assets market. Indonesia Mulls Over New Financial Legislation Designed to Tighten … Read more
The California DFPI announced it will open up an investigation as to the “apparent failure” of FTX and says it takes this oversight very seriously. Go to Source Powered by WPeMatico
Law enforcement and judicial authorities from Russia and Turkey are joining forces in the fight against cybercrime, including the use of cryptocurrencies for illegal purposes. The collaboration has been agreed upon during a visit by Russia’s Prosecutor General to Ankara. Russia, Turkey Arrange Cooperation on Countering Crime Involving Digital Space and Assets The Prosecutor General … Read more
Transactions appear to be leaving the FTX hot wallet at a rate in the single digits per minute. Go to Source Powered by WPeMatico