Brazil Central Bank plans to launch CBDC in 2024
Brazil Central Bank is planning to launch a CBDC in 2024. According to the president of the central bank, digital assets could drive participation. Brazil...
CFTC labels Ether (ETH) as a commodity in court filing
CTFC has on multiple occasions referred to ETH, BTC, and USDT among others as commodities under United States law. The CTFC chief Rostin Behnam had...
Pakistan signs in new laws to expedite the launch of CBDC
The State Bank of Pakistan (SBP) has approved new laws for Electronic Money Institutions (EMIs). KEY TAKEAWAYS The SBP plans to launch a CBDC within...
Russian lawmakers devise plan to create a state-run crypto exchange
Russian lawmakers have come up with a plan that could lead to the creation of a Russian state-run crypto exchange. According to reports by Vedomosti,...
The Australian Securities and Investments Commission suspends FTX Australia’s licence
Crypto exchange FTX has lost its Australian licence a few days after it collapsed and filed for bankruptcy. The Australian Securities and Investments Commission (ASIC),...
Crypto could ‘crash’ the financial system, US lawmaker warns
Cryptocurrency‘s latest turmoil, coupled with what has happened in recent months, paints a picture of an ecosystem that could distabilise the global financial system, Senate...
Binance receives a licence to operate a cryptocurrency exchange in Cyprus
Binance received licence to operate in Cyprus, a few weeks after it gained similar approvals in Kazakstan and New Zealand. Binance, the world’s leading cryptocurrency,...
Sam Bankman-Fried warns policymakers from locking in decisions that could impact DeFi
Regulating the decentralised finance (DeFi) space and the broader crypto market remains tough for regulators, and Sam Bankman-Fried has now warned against locking in decisions...
Portugal working on new crypto tax legislation to levy 28% capital gains tax
An official report released by the Portuguese government shows that the country is working on a new cryptocurrency tax legislation scheduled for enacting in 2023....