Understanding the Economic Implications of Central Bank Digital Currencies
Central Bank Digital Currencies (CBDCs) have emerged as a pivotal topic in finance and economics. In this article, we will explore the economic Implications of Central Bank Digital Currencies and their fundamental economic implications. What are Central Bank Digital Currencies? Central Bank Digital Currency (CBDC) is a digital or electronic form of a country’s fiat […]
Research Shows Crypto Custody Market Reached $448B in 2022
According to recent research, in 2022, the custody part of the digital asset industry reached a height of $447.9 billion in valuation, citing a rise of interest in crypto staking and NFTs as the major cause for the increase. PricewaterhouseCoopers (PwC) and wealth technology platform Aspen Digital conducted a joint report on the condition of […]
Namibia Passes Bill to Regulate Crypto, Digital Assets
By passing a bill in the National Assembly, Namibia joined other African countries in adopting cryptocurrencies and digital assets. The measure, which was approved by Namibia’s lower house of parliament on June 22, proposes to control virtual asset service providers (VASPs), digital assets, and cryptocurrencies in the nation. The law intends to create a framework […]
Bill to Exempt Foreigners from Crypto Taxes in Israel Passes Preliminary Reading
On June 5, the Knesset (parliament) passed the preliminary reading of a bill that would exempt foreigners from capital gains taxes on the sale of digital currencies and digital assets. The measure would also increase the parity between crypto bonuses and stock options for employees by reducing the tax on the former from 50% to […]
Sygnum Singapore to offer Crypto Brokerage Amid Demand
The Monetary Authority of Singapore has granted Sygnum AG in-principle approval to offer crypto brokerage services to fund houses, family offices, and institutions. Sygnum AG, a digital-asset bank in Singapore, is gearing up to launch its crypto brokerage service in Singapore after obtaining in-principle approval from the local regulator. The bank reported a high demand […]