Bank of England opens applications for ‘proof of concept’ CBDC wallet
The bank requires the wallet to execute basic features such as transacting value and requesting payments and set its budget at nearly $255,000. Go to Source Powered by WPeMatico
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Gensler’s approach toward crypto appears skewed as criticisms mount
While the SEC chairman has promised to make crypto safer for everyone, the recent slew of company collapses seems to suggest otherwise. Go to Source Powered by WPeMatico
FTX reportedly gets 3 more months to stop all operations in Japan
Japanese authorities have postponed FTX Japan’s suspension deadline because the firm has so far failed to return assets from custody to creditors. Go to Source Powered by WPeMatico
Bank of Russia wants to ban miners from selling crypto to Russians
The Russian central bank supports the idea of legalizing the crypto mining business, but only if miners sell their coins to non-residents of Russia. Go to Source Powered by WPeMatico
Paraguay’s legislature fails to reverse presidential veto on crypto regulation law
The reconsideration of the bill, ‘Regulating the industry and marketing of virtual assets — crypto assets’, received 38 votes out of a total of 80 lawmakers. Go to Source Powered by WPeMatico
Malta prepares to revise regulatory treatment of NFTs
The revision seeks to remove nonfungible tokens from Malta’s Virtual Financial Assets Framework. Go to Source Powered by WPeMatico
Brazilian crypto industry gets regulatory clarity amid global uncertainty
The recent regulatory framework from the Brazilian Congress will benefit the country’s financial institutions and bridge local liquidity with global markets. Go to Source Powered by WPeMatico
‘I Wanted to Punch Kanye’ — Free Speech Waffler Elon Musk’s Nonsensical Take on Bitcoin, CBDCs, and Censorship
“Vox Populi, Vox Dei, man.” So says self-proclaimed Chief Twit Elon Musk from a private jet flying high above the world during a Twitter Spaces appearance on Sunday, Dec. 4 (JST). It does sound nice to say, but the voice of the mob should never be the voice of “God.” The reasons are myriad. Suffice … Read more
Regulators face public ire after FTX collapse, experts call for coordination
U.S regulators and their failure to avoid another crypto contagion have raised a lot of questions over their credibility. Go to Source Powered by WPeMatico
Italy to impose 26% capital gains tax on crypto profits
The 26% capital gains tax will be imposed on cryptocurrency trading profits larger than 2000 euros ($2,062.3). Go to Source Powered by WPeMatico