GOP Candidate Vivek Ramaswamy Calls for Crypto Regulation Reform
Vivek Ramaswamy, a Republican presidential candidate, criticizes the SEC’s approach to crypto regulation and advocates for updated policies and economic freedom. Vivek Ramaswamy, a GOP candidate for the 2024 presidential election, has voiced his support for cryptocurrency and called for significant changes in the way the U.S. regulates the emerging sector. He argued that the […]
Terra Founder Do Kwon Appeals Against Extradition Ruling
Do Kwon, the founder of Terraform Labs, has filed an appeal against the Montenegrin court’s decision to extradite him to either South Korea or the United States. The Montenegrin Court of Appeal confirmed on December 6 that Do Kwon has contested the decision, stating, “I do not accept the court’s decision to extradite me, so […]
FTX to Present Updated Reorganization Plan to Court in Mid-Dec
Insolvent crypto exchange FTX is preparing to present a revised reorganization plan to the court in mid-December. The plan will likely alter the course of action for unsecured creditors. Acknowledging varying viewpoints regarding the valuation and allocation of assets, the Committee of Unsecured Creditors emphasized the ability of the proposed plan to preserve equilibrium among […]
Cross-border Payments with Tether Stablecoin Debuts in Russia
Companies using the Exved system can conduct cross-border transactions utilizing the Tether stablecoin, the U.S. dollar, and the offshore ruble. debuting as one of Russia’s first cross-border payment platforms. On December 7, Exved, a local digital settlement platform that bills itself as a “digital counterparty search system,” declared its business-to-business (B2B) solution available for Russian […]
Japan Proposes Reducing Tax on Long-term Crypto Holdings
Japan plans to introduce a digital yen, or DCJPY, and overhaul its crypto tax laws in order to increase its influence in the digital economy. Japan is preparing to implement new taxes for businesses that own long-term cryptocurrency assets. This action is a component of a larger plan to put Japan in a competitive position […]