UAE to issue crypto licenses as it pushes to become a fintech hub
The UAE is eyeing companies and other providers within the growing crypto industry with a licensing framework that makes the country a crypto-friendly jurisdiction. The...
SEC chair says concerns about lack of spot Bitcoin ETF under ‘careful consideration’
SEC building in Washington DC, USA Gary Gensler said the US Securities and Exchange Commission (SEC) considers every proposal seeking the listing of spot Bitcoin...
Russia moves to recognize crypto, eyes new laws
The Russian government and the Bank of Russia look to have crypto regulated as currencies, local reports have suggested. Russia is set to formally recognise...
Hungary’s Central Bank calls for a ban on Bitcoin trading and mining in the EU
György Matolcsy , the governor of Hungary’s central bank (MNB), wants to see the European Union (EU) ban crypto trading and mining. In a press...
India to impose 30% tax on crypto income, CBDC in 2022-2023
The 30% tax is the highest income tax bracket in India India will also launch its digital rupee in the financial year 2022-2023, the Finance...
Taxes don’t mean crypto trading automatically becomes legal, Indian tax official says
India’s Finance Minister had announced a 30% tax on all crypto income, including NFTs Tax chief JB Mohapatra says the step doesn’t equate to legalizing...
Treasury official calls for “urgent” stablecoin legislation from US Congress
Stablecoin regulation is one of the key issues in the President’s Working Group on crypto. US Treasury Undersecretary for Domestic Finance has said there is...
Russia banning crypto could have an opposite effect, former president Medvedev warns
Medvedev is a former Russian president and prime minister and currently the Deputy Chair of the Security Country. Russia’s intention to ban cryptocurrencies has elicited...
UK Regulator bans Arsenal’s Fan Tokens Advertisements
Fan Tokens have been on the rise with the involvement of clubs across the five major European leagues English Premier League Club Arsenal has been...