Russian President Putin Signs Game-Changing Crypto Tax Law
Russian President Vladimir Putin recently signed a new crypto taxation law exempting VAT on crypto mining and sales. Russian President Vladimir Putin has signed into law a new framework for cryptocurrency taxation, officially recognizing digital assets as property. This legislation also applies to digital currencies used in foreign trade settlements under the “experimental legal regime (ELR).” Crypto […]
Taiwan Enforces AML Regulations for Crypto Providers
Taiwan has expedited implementing its new Anti-Money Laundering (AML) regulations for cryptocurrency businesses in response to the imposition of fines on two crypto exchanges for violations. The Financial Supervisory Commission (FSC) announced on Nov. 27 that the impending money laundering prevention registration mandate for crypto exchanges has been postponed from the previous deadline of Jan. […]
Telegram’s Crypto Rise Poses no Threat to Web Browsers
Telegram Messenger has increased the global adoption of crypto, enabling users to access digital assets directly on the platform. Still, it’s not a competitor or a threat to other entry points like web browsers. Although some industry observers have suggested that Telegram could be the key to reaching the first billion crypto users, the messenger […]
Binance Increases Terra Luna Leverage
Binance raised Terra Luna leverage to 51-75x, boosting activity despite Terraform Labs’ bankruptcy. The LUNC News: When it comes to trading Terra Luna, the largest cryptocurrency exchange in the world, Binance, has boosted leverage by a factor of four. In light of the fact that Terraform Labs has filed for bankruptcy, the exchange has taken […]
HKMA Offers Subsidies for Tokenized Bond Issuance
Hong Kong Monetary Authority has launched a three-year digital bond grant program that offers incentives of up to HK$2.5 million. Hong Kong has strengthened its position in the digital financial revolution by launching a new program designed to promote the growth of tokenized bonds in an effort to encourage blockchain usage. The program’s goal, unveiled […]