Sberbank to Initiate Crypto Trading in Russia
Sberbank, the largest bank in Russia, will soon allow accredited individual investors to trade Digital Financial Assets (DFA) starting in June. Local sources have reported this news, though it is worth noting that the offering was planned for the end of Q1 2023. According to Anatoly Popov, the deputy chairman of the board at Sberbank, […]
OECD Unveils Framework for Tax Reporting for Crypto Sector
The Organization for Economic Cooperation and Development (OECD) has introduced a new tax structure for cryptocurrencies. During a two-day ministerial-level meeting held by the OECD Council on June 7 and 8, the participants presented the Crypto-Asset Reporting Framework (CARF). The purpose of the Crypto-Asset Reporting Framework is to combat tax evasion and enhance transparency in […]
OpenAI CEO Highlights South Korean Chips Sector for AI Growth
Sam Altman, the CEO of OpenAI, recently had discussions with chip-producing firms like Samsung Electronics and expressed his willingness to continue these conversations. Altman met with President Yoon Suk Yeol and urged South Korea to lead in chip production for AI technology during his visit. He also expressed interest in partnering with significant chipmakers like […]
Nigeria SEC declares Binance operations in country illegal
The SEC clarified that it has no authority to regulate or authorize Binance Nigeria, making its operations in the country unlawful. The SEC, as the primary regulatory body for investor protection, emphasized the risks associated with using unregistered platforms like Binance Nigeria. It advised investors to exercise caution when dealing with digital assets and related […]
Ooki DAO to Shut Down its Operations After CFTC Court Victory
A United States district judge has ordered Ooki DAO to shut down indefinitely and pay a civil monetary fine of $643,542 due to a default judgment order. The Commodity Futures Trading Commission (CFTC) initiated the action against Ooki DAO. They accused it of unlawfully acting as a futures commission merchant and providing margin and leverage […]