Malaysia To Combat Crypto Tax Evaders with Ops Token
IRB official Datuk Abu Tariq Jamaluddin cautions crypto traders to declare taxes or face penalties. The Inland Revenue Board (IRB), a federal agency in Malaysia, implemented a unique operation known as “Ops Token” to mitigate the loss of tax revenue from crypto trading. Local media outlet The Malaysian Reserve reported that 38 personnel from the Royal Malaysia […]
Australian Securities Exchange Approves First Spot Bitcoin ETF
The Australian Securities Exchange has approved the VanEck Bitcoin ETF, which will begin trading on June 20. The Australian Securities Exchange (ASX), the third-largest stock exchange in Australia, has authorized the trading of its inaugural spot Bitcoin exchange-traded fund (ETF) on June 20. VanEck, an investment firm, will be the issuer of the VanEck Bitcoin […]
Bloomberg Analyst: Spot Ethereum ETFs may trade by July 2
Bloomberg ETF analyst Eric Balchunas says his “best guess as of now” is that spot Ethereum ETFs will start trading in the US before July 2. Eric Balchunas , a Bloomberg ETF analyst, has indicated that spot Ethereum exchange-traded funds (ETFs) may commence trading in the United States by July 2. “We are moving up […]
Blockchain Association and CFAT Sues SEC Over Dealer Rule
Citing regulatory overreach, the Blockchain Association and Crypto Freedom Alliance sue the SEC over the expanded definition of digital asset dealers. A lawsuit has been initiated against the U.S. Securities and Exchange Commission (SEC) by the Blockchain Association and the Crypto Freedom Alliance of Texas (CFAT). The lawsuit challenges a new rule that broadens the definition of a […]
EU Member States Unanimously Endorse AI Act
France and Germany retracted their objections to the AI Act before its approval on February 2. With the approval of the final text of the EU’s AI Act by member states, the European Union has advanced its regulatory framework for artificial intelligence (AI). EU Commissioner for the Internal Market, Thierry Breton formally confirmed the “endorsement of […]