Nigeria to tax crypto, digital assets 10% on capital gains: Experts react
The Act aims to enhance fiscal transparency, boost revenue and recognize cryptocurrencies as legitimate assets. Go to Source Powered by WPeMatico
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SEC can’t find Binance CEO Changpeng Zhao, asks court for ‘alternative service’
The Binance CEO is rumored to be in Dubai, but with no known base of operations, the SEC wants permission to serve his lawyers on his behalf. Go to Source Powered by WPeMatico
Crypto.com suspends US institutional exchange service
The global cryptocurrency exchange cites limited demand for institutional-grade services under current market conditions. Go to Source Powered by WPeMatico
EU starts countdown to crypto legislation, adds MiCA to official journal
MiCA, which comes into effect by the end of 2024, aims to create a consistent regulatory framework for crypto assets among European Union member states. Go to Source Powered by WPeMatico
Coinbase CEO’s stock sale was probably not planned to occur a day ahead of SEC suit
Armstrong was selling shares under a plan set up in August that sometimes made him money and other times not; the June 5 sale was still good timing. Go to Source Powered by WPeMatico
US DOJ opposes bankrupt Bittrex’s plan to repay customers ahead of credited fines
Bittrex owes $29 million on penalties for sanctions violations and may still face penalties in a case brought by the SEC. Go to Source Powered by WPeMatico
Binance may have lied to US lawmakers, argue senators: Report
U.S. Senators asked the Justice Department to investigate whether the crypto exchange made a false statement to Congress in a letter earlier this year. Go to Source Powered by WPeMatico
US Bitcoin supply fell over 10% in the past year — Glassnode
Bitcoin is increasingly active in Asia as U.S. supply share dwindles over the past two years. Go to Source Powered by WPeMatico
Crypto ads face stricter rules including a referral bonus ban by FCA
Crypto services in the U.K. will face stricter regulations, including a “cooling-off period” for first-time investors and a ban on “refer a friend” bonuses. Go to Source Powered by WPeMatico
Polygon president testifies on democratizing the internet with Web3, blockchains
The House Committee explores blockchain and Web3’s future, as industry leaders testify on democratizing the Internet and regulatory challenges. Go to Source Powered by WPeMatico