Dubai’s VARA Establishes Headquarters In The Metaverse To Become More Accessible
The Virtual Assets Regulatory Authority (VARA) of Dubai has established its metaverse headquarters in The Sandbox virtual world. The Virtual Assets Regulatory Authority (VARA), Dubai’s digital assets regulator, has established its metaverse headquarters (HQ) in the virtual world of The Sandbox, according to a statement from the regulator. The regulator stated that the goal of […]
ECB’s Presentation Shows Lack Of Privacy Options In Proposed Digital Euro Designs
Transactions through the EU’s proposed digital Euro could be transparent to intermediaries, just like any other non-crypto digital transaction. The public’s main concern, aside from concerns about government overreach raised by the European Union’s ambitious digital euro project, is the privacy framework of the prospective currency. This concern appears to be overblown after all: as […]
LGT Bank Sets To Start Bitcoin And Ether Trading
LGT Bank has partnered with the Swiss crypto bank Seba to provide Bitcoin and Ether custody and trading services. LGT Group, a leading family-owned private banking, and asset management firm, has entered the cryptocurrency market with the launch of Bitcoin (BTC) and Ether (ETH) investments at LGT Bank in Liechtenstein. LGT Bank, which manages over […]
Coinbase Secures The First Bitcoin-Backed Loan From Goldman Sachs
Coinbase has taken out a loan from Goldman Sachs that is collateralized in Bitcoin, paving the way for others to follow. Coinbase, America’s largest cryptocurrency exchange, has been revealed as the mysterious firm that obtained Wall Street’s first bitcoin-backed loan from Goldman Sachs. As of 2021, Goldman Sachs manages $2.5 trillion in assets. Bloomberg reported […]
South Korea’s New President Delays Crypto Taxes For Consumer Protection Legislation
South Korea’s newly elected president is demonstrating his crypto expertise by declaring that there will be no tax on crypto investment gains until legislation can ensure consumer protections. Yoon Seok-yeol, South Korea’s newly elected president, announced on Tuesday that he will push to postpone taxation on crypto investment gains at least until a new set […]