China Criminalizes Stealing NFTs, Digital Collections
China’s recent proclamation, issued on Nov. 10, heralds a transformative shift in the legal landscape surrounding digital assets. The formal announcement by the Chinese government that the theft of digital collections, including NFTs, will be regarded as property theft is a major change in the country’s policy regarding the regulation of digital assets. Regarding the […]
WadzPay Receives Initial Approval from Dubai VARA
The license permits WadzPay to initiate preparations for offering virtual asset services and activities under the VASP License for Transfer and Settlement and Broker/Dealer activities. The Dubai Virtual Assets Regulatory Authority (VARA) has issued an “Initial Approval” license to the cryptocurrency company WadzPay, signaling a pivotal step in the company’s pursuit of a Virtual Asset […]
Pro-Bitcoin Javier Milei Trails in Argentina’s Presidential Run-Off
Javier Milei, an anti-establishment contender, anticipated to lead Argentina’s presidential election, but with 90% of the votes counted, he is currently in second position. Javier Milei, a pro-Bitcoin presidential candidate, failed to secure victory in the first round of the Argentine presidential election and will now confront economy minister Sergio Massa on November 19. With over 90% […]
BIS, EU Central Banks Establishing Crypto Tracking System
The Bank of International Settlements and other European Central banks are developing an international cryptocurrency tracking system. The Bank of International Settlements (BIS) has devised a proof of concept (PoC) for a system that can track on-chain and off-chain transactions from cryptocurrency exchanges and public blockchains, such as Bitcoin. With the Deutsche Bundesbank, De Nederlandsche Bank, […]
Italy Wants To Tax Crypto Gains At 26% From 2023
A provision in Italy’s 2023 budget plan looks to implement a 26% levy on capital gains earned from digital asset sales where the profit exceeds 2,000 euros. According to budget documents made public on December 1, Italy intends to impose stricter rules on digital currencies in 2023 by extending its tax laws to cover cryptocurrency […]