resolution – DIGIT INFO

Wazirx Granted 4-Month Moratorium, Will Make Wallet Addresses Public

DIGIT — Thu, 26 Sep 2024 13:50:38 +0000

Indian crypto exchange Wazirx has secured a four-month moratorium granted by a Singapore court, providing time for the company to address its financial obligations while crafting a resolution plan. Wazirx explained that as part of the court’s conditions, it will “make wallet addresses public via a court affidavit, respond to user queries raised in the […]

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NY Regulators Seize Control of Signature Bank, Depositors Assured by Federal Bailout

DIGIT — Mon, 13 Mar 2023 00:05:22 +0000

On Sunday, the New York Department of Financial Services, or DFS, announced that it had taken possession of Signature Bank. The DFS appointed the Federal Deposit Insurance Corporation, or FDIC, as the receiver of the bank. In a joint statement, the U.S. Federal Reserve, Treasury Department, and FDIC explained that all Signature depositors would be […]

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US Regulators Close Silicon Valley Bank in One of the Largest Bank Failures Since Washington Mutual

DIGIT — Fri, 10 Mar 2023 18:10:32 +0000

After Silicon Valley Bank (SVB) experienced financial turmoil, the U.S. Federal Deposit Insurance Corporation (FDIC) and the California Department of Financial Protection and Innovation closed the financial institution. Insured depositors can withdraw their funds on Monday after the FDIC took over the failed bank. Federally Insured Depositors to Withdraw Funds on Monday, Uncertainty Looms for […]

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European Lawmakers Urge for Crypto Taxation, Use of Blockchain to Fight Evasion

DIGIT — Fri, 07 Oct 2022 00:30:33 +0000

Members of the European Parliament have called for “effective taxation” of crypto assets and “better use of blockchain” to counteract tax evasion. A resolution aiming to achieve both objectives has been approved by a large majority which also wants small crypto traders to enjoy a simpler tax regime. European Parliament Adopts Framework for Uniform Taxation […]

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Belarus Moves to Allow Investment Funds to Acquire Crypto Assets

DIGIT — Sat, 05 Feb 2022 05:30:35 +0000

The crypto-friendly nation of Belarus is preparing to permit investment funds to put money into digital currencies. A proposal to do so is part of a package of necessary legal changes tailored to attract such institutions to the country. Finance Ministry Takes Steps to Facilitate Crypto Investments in Belarus Amendments aimed at luring investment funds […]

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Russia’s Supreme Court Recognizes Tokens as Assets Like Money and Property

DIGIT — Thu, 26 Dec 2019 09:30:41 +0000

A phenomenon like bitcoin can gain recognition, including regulatory, in many different and often unexpected ways. Governments that hesitate to accept cryptocurrencies as legal tender, sometimes validate their existence indirectly and even acknowledge they can be used for payments. Taxing crypto incomes and profits is one such example. Russia has just provided another one by […]

The post Russia’s Supreme Court Recognizes Tokens as Assets Like Money and Property appeared first on Bitcoin News.

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New Cryptocurrency Bill Advances in Japan, Regulator Explains

DIGIT — Thu, 30 May 2019 06:23:24 +0000

Japan’s House of Representatives has passed a new cryptocurrency bill with additional requests for the government to incorporate into law. News.Bitcoin.com talked to Japan’s top financial regulator to find out the implications of this bill and the proposed resolution. Also read: Indian Supreme Court Postpones Crypto Case at Government’s Request Japan’s New Crypto Bill Passes […]

The post New Cryptocurrency Bill Advances in Japan, Regulator Explains appeared first on Bitcoin News.

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