Tagged: cryptocurrency

April 26, 2024 @ 5:13 pm By Michael Wong  |  

The UK government has granted new powers to the National Crime Agency (NCA) and police forces, effective today, to seize, freeze, and destroy cryptoassets involved in criminal activities, Irish Legal News has reported. This regulatory update addresses the increasing exploitation of cryptocurrencies by criminals, including… Read More

April 20, 2024 @ 8:21 pm By Michael Wong  |  

The Internal Revenue Service (IRS) is currently seeking public feedback on a proposed new form, 1099-DA, which is designed to report proceeds from digital asset transactions conducted by brokers, set for introduction in 2025. This initiative marks a significant step towards the formalization of tax… Read More

February 10, 2024 @ 4:22 pm By Tony Zerucha  |  

DeFi Technologies announced this week that it has completed the acquisition of intellectual property from Solana developer Stefan Jørgensen. DeFi Technologies said this acquisition marks a significant milestone in its expansion strategy, focusing on enhancing its offerings in the Solana ecosystem. The IP acquired includes advanced liquidity provisioning, innovative trading strategies… Read More

December 21, 2023 @ 3:10 am By Michael Wong  |  

Abu Dhabi-based Changer.ae has been granted a license by the Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM) to operate as a cryptocurrency custodian service. As the first regionally built, independent virtual asset custody provider in the UAE, Changer addresses the increasing… Read More

December 16, 2023 @ 1:33 pm By Michael Wong  |  

The International Monetary Fund (IMF) Managing Director’s recent visit to Korea highlighted the urgency of establishing stringent regulations for the cryptocurrency sector. Addressing a conference in Korea, Kristalina Georgieva emphasized the critical need for robust rules in managing the risks associated with digital currencies, drawing… Read More

December 16, 2023 @ 8:48 am By Tony Zerucha  |  

An industry watcher believes Canada’s pragmatic approach to DeFi regulation could position it well in the future. Canadian Aaron Unterman is the managing director of Xreg Consulting. Unterman said Canada’s approach to cryptocurrency regulation has been to apply its existing capital markets framework to crypto… Read More

December 15, 2023 @ 9:34 am By Tony Zerucha  |  

ZenLedger, a provider of blockchain data and tax solutions, this week announced a partnership with april, a developer of AI-powered financial technology focused on modernizing taxes, to launch the first end-to-end tax filing experience in the crypto industry.  Integrating with april, an IRS-authorized e-file provider, brings… Read More

November 26, 2023 @ 9:44 pm By Michael Wong  |  

Korea’s cryptocurrency industry is poised for significant growth as the global crypto landscape undergoes major shifts, with Chinese crypto exchanges faltering and the world’s largest exchange, Binance, facing legal challenges in the US, the Korea Times reported. In a recent development, Binance was ordered by… Read More

November 25, 2023 @ 6:44 pm By Tony Zerucha  |  

This week, BSV Blockchain revealed the findings from its inaugural Blockchain Barometer, a worldwide report that seeks to establish an official record of the public’s perception and level of understanding of blockchain and other emerging technologies like AI and the metaverse. The survey, which included… Read More

November 19, 2023 @ 2:58 pm By Michael Wong  |  

India has trained over 3,000 personnel from various cybercrime and police departments to bolster their capabilities in tackling cryptocurrency-related crimes. According to the Ministry of Home Affairs (MHA)’s annual report, India provided specialized training in cryptocurrency forensics and investigations during the financial year 2022-2023. A… Read More

November 18, 2023 @ 12:35 pm By Michael Wong  |  

Binance Labs, the venture capital and incubation arm of Binance, has backed the $5-million Seed funding round of Web3 social network platform Sleek, according to an announcement. The funding round, which also saw participation from notable investors, including Shima Capital, Spartan Group, Symbolic Capital, Market… Read More

November 5, 2023 @ 7:20 am By Michael Wong  |  

Digital asset XRP has been granted approval by the Dubai Financial Services Authority (DFSA) for utilization within the Dubai International Financial Centre (DIFC), marking a significant endorsement for cryptocurrency usage in financial services in Dubai, according to Ripple. As the first virtual asset sanctioned by… Read More

November 3, 2023 @ 8:28 am By Michael Wong  |  

SEBA Bank, a licensed digital assets bank regulated in Switzerland, has teamed up with St.Galler Kantonalbank (SGKB), the country’s fifth-largest cantonal bank, to launch bitcoin and ether custody and brokerage for clients. The partnership, announced earlier this year, is now fully operational and signifies a… Read More

November 2, 2023 @ 10:13 pm By Michael Wong  |  

Hong Kong’s Financial Secretary, Paul Chan Mo-po, has asserted that stringent regulation of virtual assets is crucial for market development, defending the region’s new licensing regime in the wake of JPEX‘s collapse earlier this year. The unlicensed cryptocurrency exchange is currently under investigation, but Chan… Read More

October 29, 2023 @ 11:02 pm By Michael Wong  |  

Sumsub, a full-cycle verification platform, unveiled its “State of Verification and Monitoring in the Crypto Industry 2023” report, shedding light on the pressing issue of new fraud patterns and schemes in the cryptocurrency sector. With a staggering 77% of crypto companies reporting an encounter with… Read More

October 13, 2023 @ 11:17 am By Michael Wong  |  

Global cryptocurrency exchange BingX has announced the launch of BingX Wealth, its latest suite of financial products tailored for asset management. This new endeavor by BingX seeks to address a broad spectrum of users’ asset management needs, enhancing their platform’s user experience and diversifying strategies…. Read More

October 8, 2023 @ 1:29 pm By Michael Wong  |  

Coinbase Global (NASDAQ:COIN) widely recognized as one of the leading platforms in the cryptoeconomy, is set to release its third quarter 2023 shareholder letter and financial results. The announcement will be made public on Thursday, November 2, 2023, after the market concludes for the day. Detailed… Read More

September 26, 2023 @ 8:44 pm By Michael Wong  |  

iStudio, an Apple Premium Reseller in Singapore, has recently partnered with Triple-A, a crypto payment gateway sanctioned by the Monetary Authority of Singapore (MAS) to allow customers to make purchases using cryptocurrencies at selected iStudio stores. The iStudio stores include those in Jurong Point, Tampines… Read More

September 23, 2023 @ 5:59 pm By Tony Zerucha  |  

CoinScan, a crypto analytics platform built to give traders an edge in the market with free in-depth charting and safety features, this week emerged from stealth with $6.3 million in funding to fuel product development and expansion. CoinScan is the first product from CryptoHub, a Web3 company focused on… Read More

September 4, 2023 @ 9:39 pm By Tony Zerucha  |  

Sumsub, a global full-cycle verification platform, today launched a six-month free trial of its Travel Rule compliance solution. The product will be available to global cryptocurrency organizations in time for the enforcement of the landmark Crypto Travel Rule legislation expanding in the United Kingdom today to further combat money laundering and terrorism… Read More