Vitalik Buterin Cites Most Significant Challenge Facing Ethereum
Speaking at the Korea Blockchain Week, Vitalik Buterin, co-founder of Ethereum, cited node centralization as a substantial obstacle for the Ethereum network as most nodes are currently hosted on centralized web services such as Amazon. Buterin emphasized that, among the six issues Ethereum must address, node centralization stands out as the most significant. He stressed […]
India Confirms Crypto Regulation on G20 Agenda
The upcoming G20 summit will include a discussion on crypto regulation, according to India’s Finance Minister Nirmala Sitharaman. Crypto assets are transnational and require global regulation, she said. The event will also feature a crypto regulatory study from the Financial Stability Board and IMF. The G20 summit, which will be held on September 9-10, will […]
FSA Japan Proposes to Alter Tax Code on Crypto, Digital Assets
The Japanese Financial Services Agency (FSA) has proposed altering the tax code regarding digital assets to relieve domestic companies from the“unrealized gains” tax on crypto. The principal financial regulator of Japan, the Financial Services Agency (FSA), has decided to take crypto regulation into its own hands by proposing to alter the tax code regarding digital […]
Cronos Labs Starts Recruiting Startups for Accelerator Program
Cronos Labs, a Web3 startup accelerator, has launched its third $100 million accelerator program cohort, which seeks to support startup cryptocurrency projects through funding opportunities and mentorship. In a press release, Cronos Labs emphasized that the accelerator’s objective is to foster entrepreneurs with the potential to “shape the future of Web3.” Moreover, Cronos seeks out […]
UK Crypto Firms Face New Travel Rule Requirements from FCA
The UK’s financial regulator has imposed new rules on crypto businesses to collect and verify information on digital asset transfers as part of its anti-money laundering and counter-terrorist financing efforts. The UK’s Financial Conduct Authority (FCA) has announced that the Travel Rule, a global standard for transparency in digital asset transfers, came into force on […]