Blockchain Australia suggests the government should provide a crypto safe harbour
Blockchain Australia, a key trade group representing the local cryptocurrency industry, has officially presented the federal government with its crypto regulatory suggestions. Last Friday, the group submitted a submission to the Senate Select Committee on Australia as a Technology and Financial Centre, urging the government to create a safe harbour for local crypto service providers. […]
Cryptocurrency will not suffer from China’s crackdown – Bobby Lee
In order to help Chinese citizens stay clear of high-risk investments, there has been regulatory pressure on crypto firms in China, however, most crypto firms globally are now putting measures in place to remain relevant. Bobby Lee, a Bitcoin (BTC) maximalist and Ballet CEO , recently acknowledged the ramifications of China’s ongoing cryptocurrency crackdown. Despite […]
DeFi cannot be fully regulated – Dr. Arak Sutivong
Siam Commercial Bank president, Dr. Arak Sutivong believes DeFi needs a framework on how it can be integrated with the rest of the financial ecosystem. Dr. Arak Sutivong, the president of Siam Commercial Bank (SCB) and the CEO of SCB 10X , has provided insight into how one of Southeast Asia’s top venture capital funds […]
South Korean gov’t could seize tax evaders crypto according to a new rule
South Korea is proposing ways to revise its tax base, the amendments include redistributive measures such as raising taxes on affluent individuals and corporations, tax evasion, as well as a crackdown on money laundering. with proposals to strengthen the government’s ability to seize tax evaders ’ crypto assets directly from their personal wallets. South Korean […]
Binance Futures will limit existing users’ leverage to 20x
Existing customers with registered futures accounts that have been active for less than 30 days will be subject to new leverage limits on Binance Futures in the near future. Consumer protection is a priority for Binance, the world’s largest cryptocurrency exchange, which is implementing additional leverage trading limitations on its futures platform in an effort […]