Turkey Denies Plans to Tax Crypto, Stock Gains
Turkey dismisses plans to tax crypto and stock profits, considering a “very limited” transaction tax instead. Turkey has rejected proposals to levy taxes on profits from securities and cryptocurrencies, but it has proposed a “very limited” transaction tax. In an interview in Ankara, Treasury and Finance Minister Mehmet Simsek stated that the government is contemplating […]
Binance, Others Deny $9B Compensation For BSV Delisting
BSV Claims Limited seeks a $9 billion compensation for investors who faced substantial losses during the 2019 Bitcoin SV delisting binge. BSV Claims Ltd. is currently presenting a high-stakes legal challenge to the Competition Appeal Tribunal. The lawsuit targets significant cryptocurrency exchanges like ShapeShift, Kraken, Binance, and other crypto exchanges. The hearing, which commenced on […]
Federal Court Overturns SEC Private Fund Fee Disclosure Rules
The US Fifth Circuit Court invalidated SEC rules requiring quarterly fee disclosures by hedge funds and private equity firms, a setback for SEC’s transparency efforts. The SEC’s regulations requiring hedge funds and private equity firms to disclose quarterly fees and expenses were invalidated by the US Fifth Circuit Court of Appeals in New Orleans in […]
Coinbase Unveils ‘Smart Wallets’ to Simplify Crypto Onboarding
Coinbase’s new “smart wallets” aim to onboard over one billion users by simplifying blockchain activities with gasless transactions and multi-chain support. Coinbase has implemented “smart wallets” to simplify the process of participating in blockchain activities by eradicating the high fees and intricate procedures that are typically associated with conventional crypto wallets. Through multi-chain support and […]
UAE Central Bank Approves Stablecoins Licensing System
The Central Bank of the United Arab Emirates (CBUAE) board of directors has authorized implementing a new regulation and licensing framework for stablecoins. During a meeting in Abu Dhabi, the board reportedly deliberated on initiatives under the government’s financial infrastructure transformation (FIT) program. The initiative aims to promote innovation, advance the country’s digital economy, and […]