The government of Germany has recently imparted very good news for the cryptocurrency investors in the region. According to the latest state announcement, the investors in Germany can sell their cryptocurrency reserves like Bitcoin and Ethereum without having to pay any taxes to the government even after one year of possession. The same tax exemption…
The legislators of Brazil have recently voted in favor of passing a cryptocurrency regulatory bill in the Senate. The local media outlets of the South American nation confirmed that the crypto bill acquired legal status in the region last Wednesday. The Twitter account of Bitcoin Magazine shared that Brazilian Senators have granted the crypto regulatory…
China last year imposed a nationwide ban on any type of cryptocurrency trading, mining, or advertisement. The South Asian economy proceeded to blacklist the accounts of the cryptocurrency influencers in the country as well. After the ban, Bitcoin miners transferred to other potent locations to continue their businesses. Kazakhstan was transformed into a prime location…
Coinbase CEO Brian Armstrong recently issued a warning to the Canadian consumers of the platform to transfer their reserves to a third-party wallet. Armstrong suggested the transfer to prevent the user data from getting into the hands of the Canadian government. He also explained that the government of Canada is in the process of a…
The Taliban have been able to drive out the US-approved government officials and take over the country within a matter of weeks after the US Army evacuated the country after 3 decades. One of the biggest issues facing the country is the lack of industry and work for the common people. To make matters worse,…
The international market share and participation in the cryptocurrency market are simply too big to ignore. As anticipated, the European legislators have refrained from imposing any strict bans on the cryptocurrency markets. Furthermore, Members of the European Parliament have also decided to vote in favor of crypto-friendly regulations in the EU region. The voting that…
The current year is proving to be increasingly obstructed for the cryptocurrency industry. At one end, there is the issuance of a crypto EO by the United States government, and on the other hand, the regulatory agencies are cracking down on the exchange platforms. The Department of Justice and Commodity and Futures Trading Commission charged…
The Avalanche Foundation is the group behind Ava Labs that is responsible for Avalanche blockchain release and management. This week, the Foundation released $290 million in funds for the development and expansion of subnets on the Avalanche blockchain. Subnets are blockchain connected to the Avalanche network that employs the same tools. However, these subnets have…
The prospects for commercial, financial enterprises starting large-scale crypto trading services in Singapore are not without their challenges. However, DBS, one of the banking giants operating in the region, has recently made it public that it has managed to acquire a license. The issuer of the license is MAS or the Monetary Authority of Singapore….
Thailand is the center of tourism and vacation destination in Asia. The country can benefit from the prospect of making cryptocurrency payments more viable. However, the financial regulators of the region have recently decided to introduce a proper cryptocurrency regulatory framework. The new legislative changes will be directed towards the use of digital assets as…
Coinone is a cryptocurrency exchange platform operating out of South Korea. The exchange recently decided to comply with the regulatory requirement set by the local government for the businesses that are operating in the region. As reported by local media outlets, the customers of the exchange now need to verify their account credentials. According to…
Turkish President Tayyib Erdogan recently updated the media outlets about the development of the cryptocurrency legislation in the country. Speaking on the matter, he claimed that a new bill is ready for presentation in the parliament that deals with the subject of cryptocurrency-specific regulations. Erdogan also told the media that the new cryptocurrency law might…
