EU to curb money laundering via crypto: Exchanges to track transfers

EU to curb money laundering via crypto: Exchanges to track transfers

The European Union (EU) struck a new deal on Wednesday as policymakers found ways to curb money laundering activities carried out using cryptocurrencies, according to a Press statement. EU puts trade under ‘travel rule’ The EU bill will not include minimum threshold requirements or exemptions for low-value transfers on cryptocurrency exchanges or crypto asset service…

MicroStrategy once again buys the dip as BTC is back above $20K

MicroStrategy once again buys the dip as BTC is back above $20K

Michael Saylor, the CEO of MicroStrategy, an American company that provides business intelligence, mobile software and cloud-based services, revealed via a Twitter post that his company bought the drop again with 480 BTC at a average price of $20,817 per bitcoin. (BTC) as the market remains bearish. MicroStrategy saves the day? MicroStrategy bought an additional…

Grayscale Bitcoin ETF request rejected by SEC: Proceeds with lawsuit

Grayscale Bitcoin ETF request rejected by SEC: Proceeds with lawsuit

The application to convert GBTC into a spot Bitcoin ETF initiated by Grayscale Investments, a global digital asset management company founded in 2013, in October 2021 was ultimately rejected by the United States Securities and Exchange Commission (SEC) after a prolonged delay. SEC Rejection The financial authority that regulates securities in the United States has…

Parliament passes tax exemption for digital asset issuers in Russia

Parliament passes tax exemption for digital asset issuers in Russia

On Tuesday, Russia approved a bill to potentially free issuers of digital assets and cryptocurrencies from value-added tax (VAT). Lawmakers agree to VAT exemptions for issuers of digital assets According to a recent report by Reuters, Russian lawmakers have agreed to pass the proposal to exempt issuers of digital assets from VAT. The bill, which…

SEC Chair wants Bitcoin under CFTC regulation: Considers it a commodity

SEC Chair wants Bitcoin under CFTC regulation: Considers it a commodity

The chairman of the United States Securities and Exchange Commission (SEC) was present in an interview with CNBCwhere he doubled down on the fact that Bitcoin, the world’s largest cryptocurrency, is a commodity and should be regulated by the Commodity Futures Trading Commission (CFTC), an independent US government agency that regulates US derivatives markets ….

Banxa lays off 40% of its employees in response to ‘crypto winter’

Banxa lays off 40% of its employees in response to ‘crypto winter’

Contributing to the growing list of companies downsizing, crypto payment gateway Banxa has reportedly decided to cut its workforce by more than 40%. Banxa lays off 40% of its staff According to a recent report per The Australian Financial Review, Banxa has decided to cut its workforce by 40%. The company’s common shares began trading…