Digital currency may be an answer to help the unbanked, Sen. Warren says
Democratic Senator Elizabeth Warren appeared to have softened her stance on the crypto industry in recent remarks. Go to Source Powered by WPeMatico
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Kazakhstan to reportedly allow banks to process crypto purchases
A new project in Kazakhstan aims to enable local crypto businesses to provide crypto investment services legally. Go to Source Powered by WPeMatico
Blockchain Australia calls the state for crypto safe harbor
The Australian crypto industry “cannot afford to wait years for regulatory clarity,” and consumers require confidence to access crypto services, the Australian blockchain association argued. Go to Source Powered by WPeMatico
SEC Commissioner concerned about the US lagging behind global Bitcoin ETFs
“We’re not a merit regulator, so we shouldn’t be in the business of deciding whether something is good or bad,” SEC Commissioner Hester Peirce said. Go to Source Powered by WPeMatico
Ukraine Unveils Roadmap to Integrate Cryptocurrencies by 2024
Government and business representatives have produced a roadmap to transform Ukraine into a leader in cryptocurrency integration. The authors of the new strategy want to see half of Ukrainians using digital currencies by 2024. The East European nation is expected to regulate its crypto space by the end of this year. Strategy for Crypto Market … Read more
Reserve Bank of India mulls first steps toward an eventual CBDC
RBI is looking for ways to test a CBDC while causing little to no disruption for the bank’s status quo. Go to Source Powered by WPeMatico
Get a passport, pay crypto, live tax-free?
Most transfers of cryptocurrency are taxable, unless the transfer is qualified as a gift or a charitable contribution. Go to Source Powered by WPeMatico
Turkish Draft Law Regulating Cryptocurrencies Enters Parliament in October
The Turkish government has prepared a bill designed to implement new regulations for the country’s crypto space. The legislation, which will be filed in the parliament this fall, will introduce taxation for crypto holdings and specific capital requirements for companies operating with digital assets. New Legislation to Regulate Turkey’s Crypto Market Following in the footsteps … Read more
New EU proposal looks to tighten regulations for sending cryptocurrency
The European Commission looks to block large anonymous transfers of cryptocurrency in an effort to limit money laundering activity. Go to Source Powered by WPeMatico
Bank of Korea selects Kakao’s blockchain arm for digital won tests
ConsenSys, a major Ethereum software company, will contribute its technology to South Korean CBDC simulations led by Ground X. Go to Source Powered by WPeMatico