Crypto Crash: Institutional Investors Sell Holdings As Fear Looms
After the crypto market crashed to its lowest, Institutional investors were forced to sell their crypto holdings as a result of the crisis. The crypto market cap has plunged to $961.83 billion, a loss of about $1.5 trillion since November. The outflow of digital asset investment products was $102 million last week, according to CoinShares’ […]
Basel Committee Pushes For Restrictive Requirements On Banks’ Crypto Holdings
The Committee of Central Banks and Regulators has proposed a “conservative regulatory treatment” for crypto assets, which banking groups say is prohibitively expensive. The Basel Committee on Banking Supervision met on Friday and discussed cryptocurrencies, among other things. The committee said it would be publishing its second advisory document shortly, with the intention of finalizing […]
Russian Central Bank Reverses Decision On International Crypto Payments
More and more signals from Russian authorities lead to a growing recognition of cryptocurrencies as a tool for international payments. In the past, the central bank has been adamant about crypto payments in Russia. Russia is open to international cryptocurrency payments Russia’s central bank hinted that an easing of its ban on digital currencies could […]
How To File Your Crypto Taxes In 2022
Are you a little bit confused about how you are meant to file your crypto taxes? You are not alone. As cryptocurrency is still a relatively non-legalized venture, it is not always easy to find tax professionals with expertise in the field. To help investors like you, we’ve simplified the entire cryptocurrency tax return process. […]
South Korea Prepares To Become The Next Crypto Hub
South Korea is working on a new digital currency regulatory framework. This follows after South Korean President-elect Yoon Suk-yeol included Initial Coin Offerings (ICOs) as one of the many things the country will be approving. President-elect Yoon has big plans for cryptocurrency in South Korea The approval of the ICO is one of the 110 […]