Delaying tax laws on crypto is an inevitable situation – South Korean lawmaker
Noh Woong-rae, a member of South Korea’s National Assembly and a member of the ruling party, is said to be planning to postpone a bill explaining cryptocurrency taxation until 2023. According to a Naver News report published on Thursday, Noh stated that the Democratic Party of Korea intends to fight the South Korean Ministry of […]
Crypto and DeFi cause disintermediation in the banking system – OCC head
The head of the Office of the Comptroller of the Currency (OCC) said cryptocurrency and decentralized finance (DeFi) activities among others are factors contributing to the disintermediation of the banking system. Acting Comptroller of the Currency Michael Hsu presented remarks on the issue of banking trust on Sept. 15 at a meeting of the Exchequer […]
European Securities and Markets Authority see crypto as a sign of increased risk-taking
The European Securities and Markets Authority (ESMA) released its report on market trends, risks, and vulnerabilities in the first half of 2021, stating crypto assets volatility might be an indication of “possible market exuberance.”. The idea that crypto markets’ extreme volatility and growth offer a compelling case for a focused regulatory system, as outlined in […]
Amex Ventures contributes $55 million to the Abra fundraising effort
In spite of the fact that high-profile investors such as American Express (Amex) are participating in the new economy, venture capital continues to pour into the crypto industry. As part of its expansion strategy, cryptocurrency trading platform Abra has acquired $55 million in funding to support the next phase of its growth strategy. The company […]
HashKey Group acquires office space from Hongkong Land following clarity around crypto regulations
In Hong Kong, crypto firms must have a local licence and can only provide services to professional investors. Following the clarification of cryptocurrency legislation, Hongkong Land , a property landlord in Hong Kong, has leased commercial office space to HashKey Group, a local crypto-asset startup. The decision to lease commercial property to crypto enterprises, according […]