Argentina Legalizes Cryptocurrency Under New Tax Regime
Argentina Legalizes Cryptocurrency The government of Argentina will permit the use of Bitcoin assets inside the nation, regardless of location or origin, and will provide a flexible tax rate. Argentine President Javier Milei put out the measure as a component of a larger package of political and economic changes. The cryptocurrency industry well received Milei’s […]
Monex Acquires Majority Stake in Canadian Digital Asset Manager
Monex Group, which sold a controlling stake in its Japanese online brokerage business Monex to NTT Docomo in October, will acquire the majority stake of 3iQ Digital Holdings, a pioneer in crypto asset management in Canada. The acquisition carries the trend of significant cryptocurrency exchanges entering the asset management space. The financial terms of the […]
Nigeria to Launch Compliant Naira Stablecoin in 2024
A group of banks, fintechs, and blockchain startups in Nigeria are creating cNGN, the first regulated Naira stablecoin. The new Naira stablecoin, cNGN , will be regulated and consortium-based. Unlike other stablecoin drafts, cNGN would be owned by Nigerian banks and be legal money, with a 1:1 peg to NGN. Sources close to Forbes claim […]
Hong Kong Firm Mulls Tokenizing 3-ton Gold Vault
Value Partners, a publicly traded business in Hong Kong, intends to apply for cryptocurrency-related ETFs and issue blockchain tokens backed by real gold. According to local media Hong Kong Commercial Daily, the company intends to tokenize its three tonnes of gold bars, which are currently valued at an estimated $201 million. Value Partners thinks that […]
China to Intensify Crackdown on Use of Crypto for Illegal Forex Trading
China is advocating for stringent regulations against illicit foreign exchange trading employing USDT to step up the crackdown on cryptocurrency. According to a South China Morning Post report, China appears to be ready to crack down on cryptocurrencies. In a recent statement, the Supreme People’s Procuratorate (SPP) and State Administration of Foreign Exchange (SAFE) highlighted […]