Nigeria to Introduce new Tax Laws Regulating Cryptocurrency
Nigeria’s tax authority intends to draft a measure to govern the cryptocurrency industry by the end of 2024. According to a Vanguard report, FIRS Executive Chairman Zacch Adedeji stated that the nation is prepared to introduce legislation that would introduce regulations to regulate the cryptocurrency industry, reduce associated risks, and enhance the country’s economy during […]
ASIC Takes Down Over 600 Crypto Scam Websites
Australia’s securities commission removed about 8% of fake websites in 2023 that focused solely on Bitcoin investments. In a report released on the first anniversary of its program to disrupt investment scams, the Australian Securities & Investments Commission announced the eradication of thousands of phishing and investment fraud websites. ASIC stated in a press statement […]
Indian Man Kidnaps Bitconnect Employees to Recover Losses
In an apparent attempt to recoup losses, an Indian man allegedly abducted two individuals connected to the $2.4 billion BitConnect Ponzi fraud. In a statement released by the Indian Enforcement Directorate, it was revealed that Shailesh Babulal Bhatt, one of the investors in BitConnect Coin—the token that was used as the platform’s native cryptocurrency—had abducted […]
RAKBANK Partners with Bitpanda to Unveil New Platform
In an effort to expand into the Middle East for the first time, cryptocurrency exchange Bitpanda has teamed up with a state-backed bank in Dubai. One of the oldest banks in the United Arab Emirates, RAKBANK, has teamed up with Bitpanda, a cryptocurrency exchange based in Vienna, to increase the range of cryptocurrency products it […]
Bitget Joins Solana to Host Hackathon for Startups in Vietnam
Bitget has teamed up with Solana to organize a new hackathon to support entrepreneurs’ growth on the Solana network. Cryptocurrency exchange Bitget has launched an all-new hackathon geared at supporting companies on the network in collaboration with Solana. The trading platform disclosed that the “Solana x Bitget Hackathon” will concentrate on developers working on proof-of-concept […]