Authorities are ready to issue federal licenses to local virtual assets service providers … [Read more...] about UAE is set to welcome crypto licensing
India to tax crypto and NFTs profits at 30%
India will impose a tax of 30% on income from cryptocurrencies and other digital assets, finance minister Nirmala Sitharaman announced during the country's annual budget speech. … [Read more...] about India to tax crypto and NFTs profits at 30%
Binance gets regulatory approvals from Bahrain and Canada
Binance, the world’s largest cryptocurrency exchange, has been green lighted by regulator in Bahrain. … [Read more...] about Binance gets regulatory approvals from Bahrain and Canada
El Salvador approves $150 million trust fund to support bitcoin adoption, buys 400 BTC
El Salvador president Nayib Bukele announced Monday that his government has purchased 400 BTC, which are worth nearly $21 million at current trading levels, ahead of the rollout of a new law set to make the cryptocurrency legal tender. … [Read more...] about El Salvador approves $150 million trust fund to support bitcoin adoption, buys 400 BTC
US banks given permission to use blockchain infrastructure and issue stablecoins
Federally chartered banks are allowed to participate in independent node verification networks and use stablecoins for payment activities … [Read more...] about US banks given permission to use blockchain infrastructure and issue stablecoins
The EU presents a plan to regulate digital assets
Executive Vice-President Valdis Dombrovskis says the future of finance has to do with digital technology … [Read more...] about The EU presents a plan to regulate digital assets
U.S. regulator authorises national banks to offer crypto custody
U.S. bank regulator gives permission to national banks and federal savings associations to provide custodial service … [Read more...] about U.S. regulator authorises national banks to offer crypto custody
Sweden to test e-krona, a digital version of cash
Riksbank, the central bank of Sweden, has launched a pilot project aimed at developing and testing a digital currency, e-krona. … [Read more...] about Sweden to test e-krona, a digital version of cash