Panama Delays Signing Crypto Bill Into Law
The adoption of cryptocurrency in Panama might be uncertain following President Cortizo’s demand to include anti-financial crime provisions in the bill before being assented to. Panama’s President Laurentino Cortizo stated on Thursday that he will not sign the pending crypto bill into law until strict anti-money laundering provisions are included. The decision put pressure on […]
Terra Founder Do Kwon Charged With Tax Evasion In South Korea
Terra boss, Do Kwon is being investigated on the charges of evading income and corporate taxes. Amid the ongoing Terra saga, founder Do Kwon is reportedly being investigated by the South Korean government for alleged tax evasion. The South Korean Tax Service has levied over 100 billion won ($78.4 million) in unpaid taxes against Kwon […]
NexBloc adds .NEX and .ARTIST decentralized top-level domains to its arsenal of Web 3.0 dDNS offerings
NexBloc today announced the creation of several new decentralized top-level domains (dTLD) including .NEX and .ARTIST. This adds to the expanding list of domains that are being developed on multiple blockchains and distributed ledger technologies (DLT) such as Polygon, XDC, and Hedera. As well, buyers will now be able to use a credit or debit […]
Russia to legalize crypto payments soon – Trade Minister
According to Denis Manturov, Minister of Industry and Trade in Russia, crypto payments in the country will be legalized soon. Throughout 2022, the government of the country will investigate various crypto adoption strategies, although no definitive policy on digital asset payments has been finalized. However, Russia’s finance ministry supported its legality in its April bill […]
US Department of Commerce proposes 17 questions to develop crypto framework
The US Department of Commerce is seeking proposals on how to create a framework for cryptocurrency and stablecoins, thereby it plans to issue a request for comment through the International Trade Administration, which will include 17 questions. The inquiries concern the Department of Commerce’s efforts to build a framework for addressing impediments to American economic […]