DeFi Regulation: EU Commission Report Suggests Reconsideration Of Regulatory Approach
The report emphasizes the potential of DeFi for lower financial audit costs and significant opportunities for cross-border financial integration. Analysts from the European Commission demonstrated an unexpected understanding of how decentralized finances (DeFi) work, having defined it as distinct from the traditional financial system and acknowledging that it would necessitate a rethinking of regulatory approaches. […]
Uzbekistan’s President Issues Decree To Regulate Crypto Industry
The Republic of Uzbekistan is preparing to implement a new cryptocurrency regulatory framework, which will include a 7.5 percent income tax on crypto-related salaries. The Republic of Uzbekistan is moving forward with local cryptocurrency regulations, with Uzbek President Shavkat Mirziyoyev issuing a new decree governing the industry. The new decree, which was issued on Wednesday, […]
Hawaii Senate Supports Task Force To Regulate Cryptocurrency And Blockchain
The task force will report its findings and potential cryptocurrency legislation to the State Capitol, including a plan to increase blockchain adoption in both the private and public sectors. The Hawaii State Legislature’s Commerce and Consumer Protection (CPN) and Ways and Means (WAM) committees unanimously approved the formation of a specialized task force to investigate […]
Three Nigerians Allegedly Use Money Laundering Proceeds To Buy Bitcoins Worth Over $43 Million – Report Reveals
Three Nigerians are accused of using money laundering proceeds to purchase Bitcoin worth more than $43 million from cryptocurrency exchange platforms such as Binance and Busha. According to a report, Interpol is attempting to close a case in which three Nigerian nationals are suspected of using money laundering proceeds to purchase Bitcoins worth more than […]
Ukraine’s Shakhtar Donestk Plans To Raise Humanitarian Fund Through NFT Sales
Shakhtar Donetsk, Ukraine’s leading soccer team, will sell a collection of non-fungible tokens (NFTs). The club plans to auction off several signed jerseys to benefit Ukrainian citizens affected by the ongoing conflict with Russia. Binance NFT, the world’s leading crypto exchange marketplace for non-fungible tokens, announced the launch of an NFT collection of FC Shakhtar […]