Taiwan to Bring Special Crypto Law by November End
Taiwanese legislators hope to release the first draft of a special law by the end of November 2023. An official in Taiwan’s Legislative Yuan named Yung-Chang Chiang stated in an interview that he hopes to have the first draft of the law available for the parliament to study by the end of November or earlier […]
Circle Backs Binance, Says SEC Can’t Regulate Stablecoins
Circle, the issuer of the USDC stablecoin, has filed an amicus curiae brief in support of Binance, the world’s largest crypto exchange, in its ongoing lawsuit with the SEC. Circle argues that stablecoins are not securities and should not be regulated as such by the SEC. An amicus curiae brief can provide additional information, arguments, […]
India Probes Betting Sites for Cryptocurrency Tax Evasion
Indian authorities are ramping up efforts to curb tax evasion through cryptocurrencies and offshore entities by gambling and gaming apps. These initiatives involve investigating networks of fake businesses that allegedly use cryptocurrency to move profits out of the country. One major focus is Parimatch, a Cyprus-based organization suspected of orchestrating a sizable network. Reports indicate […]
Singapore Unveils New Regulatory Framework for Stablecoins
Singapore’s Monetary Authority (MAS) has introduced regulations for stablecoins linked to the Singapore Dollar or other major fiat currencies. Any stablecoin valued over S$5 million will now fall under MAS regulation. This step aligns with Singapore’s aim to boost digital asset innovation and stability. The MAS believes well-regulated stablecoins can facilitate advanced practices like on-chain […]
Gemini Launches Trading Competition to Boost Derivatives Platform
Gemini Foundation is set to host its first trading competition in August to attract new users and increase trading volumes. Gemini Foundation, a non-US derivatives platform founded by the Winklevoss twins and backed by the Gemini Trust Company, is gearing up to host its first trading competition in August. The competition also aims to revitalize […]