South Korea to prohibit withdrawals from its exchanges to non-KYC’d wallets
South Korea is already leading the space with some of the strictest policies for crypto platforms, with the new proposal of blocking virtual currency transactions from anonymous sources, it hopes to combat illegal activities and money laundering. By bringing crypto exchanges and businesses under the law, South Korea has risen to become the world’s leading […]
Chainalysis sets to enable the Lightning Network bitcoin payments in 2022
Chainalysis will enable the Lightning Network, a layer two protocol on the Bitcoin blockchain, in February 2022 and companies that accept Bitcoin payments using Lightning nodes will be able to use the Chainalysis Know Your Transaction compliance software Chainalysis sets to enable Lightning Network bitcoin payments Chainalysis, a blockchain data platform, will enable the Lightning […]
Florida’s governor proposes the state allow residents to pay fees in cryptocurrency
Governor Ron DeSantis of Florida in a new budget proposal has recommended to the state government that businesses be allowed to pay state fees using cryptocurrencies such as Bitcoin (BTC). The suggestion was included in the governor’s budget proposal for 2022–2023, which was released on Dec. 9. DeSantis suggested providing $200,000 to the Department of […]
Brazilian Congress proposes tax exemption on green bitcoin mining
In a bid to promote the cryptocurrency status in the country, the Brazilian Congress has proposed a zero tax fee on the importation of crypto mining rigs and also green bitcoin mining (i.e. the use of renewable energy in mining.) According to a report published on Dec. 4 by Brazilian news source Seudinheiro , a […]
Polygon buys start-up firm Predictable Labs for $500 Million
Polygon in a new deal has acquired Predictable labs in a deal worth $500M, the decision according to the company is in a bid to create a wider adoption for Ethereum. Polygon, a crypto business, has recently made daring measures, in addition, to aggressively adopting the zk-technology . Polygon recently announced the acquisition of Predictable […]