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UAE’s VAT-Free Crypto Policy: Catalysing a Crypto Hub

Significant changes have been made to the Value-Added Tax (VAT) laws in the United Arab Emirates, which now exclude conversions and transactions involving cryptocurrency assets from VAT. With this new regulation as of January 1, 2018, the UAE is now positioned to be a significant player in the global cryptocurrency industry. The UAE’s decision to […]

Blockchain News

Jesse Pollak Shifts to Coinbase Exec Team, Leads Coinbase Wallet

Jesse Pollak, the creator of Base, a layer 2 blockchain, is now Vice President of Engineering at Coinbase, where he plays a crucial role. Pollak will now handle the Coinbase Wallet team in addition to Base. This calculated action aligns with his goal of reaching a billion users and a million developers in the blockchain […]

Blockchain News

Taiwan Opens Doors for Professional Investors to Access Foreign Crypto ETFs

Professional investors now have more investment options thanks to a recent move by Taiwan’s Financial Supervisory Commission (FSC) to allow them to use Taiwanese securities companies to purchase international cryptocurrency exchange-traded funds (ETFs). This ruling, which mainly targets institutional investors, high-net-worth people, and customers with sizeable assets, signifies a dramatic change in Taiwan’s financial regulatory […]

Blockchain News

TrueCoin & TrustToken SEC Settlement: Implications and Overview

The United States Securities and Exchange Commission (SEC), TrueCoin, and TrustToken have reached a settlement on claims of fraudulent and unregistered sales of investment contracts connected to the TrueUSD stablecoin. This is a significant regulatory step. This action demonstrates the SEC’s continued dedication to upholding stringent regulations in the quickly developing cryptocurrency sector, emphasising the […]

Blockchain News

Australia to Licence Crypto Firms Under Corporations Act: Enhanced Regulation Ahead

The Australian Securities and Investments Commission (ASIC) has declared that it would mandate that all cryptocurrency companies in Australia obtain a licence under the Corporations Act, marking a significant change in the regulatory landscape. This broad proposal intends to cover a more excellent range of cryptocurrency-related activities and goes beyond the conventional jurisdiction of bitcoin […]

Blockchain News

Navigating Tensions: Reevaluating the SEC’s Crypto Custody Rule, SAB 121

Over forty Republican legislators rekindled the discussion over SAB 121, the US Securities and Exchange Commission’s (SEC) crypto custody regulation, on a crucial Monday, September 23. Amid a more extensive discussion on cryptocurrency regulation in the US, this group, led by Senator Cynthia Lummis and House Financial Services Committee Chair Patrick McHenry, is contesting a […]

Blockchain News

Coinbase’s Layer 2 Solution, Base, Sets New Record with 4.5 Million Transactions

Processing more than 4.5 million transactions daily is a significant development milestone for Coinbase’s Layer 2 network, Base. This unprecedented accomplishment highlights how widely the platform is being used and how well it can handle many transactions. The launch of cbBTC, a wrapped Bitcoin token which has given Bitcoin holders new ways to interact with […]

Blockchain News

XRP’s Exclusive Circle: Analysing the Significance of Five Million Wallets

The fact that there are only five million XRP wallets in a digital world with over eight billion people sparks a meaningful conversation concerning the special status of XRP holders. The Crypto Philosopher, a well-known voice in the cryptocurrency space, claims that these numbers demonstrate how uncommon owning XRP is and portends a significant competitive […]

Blockchain News

Circle and Sony Launch Bridged USDC on Ethereum Layer 2 ‘Soneium

Stablecoin pioneer Circle has teamed with global technology and entertainment powerhouse Sony to deliver cutting-edge blockchain technologies in a ground-breaking move. The main goal of this strategic partnership is to include Circle’s US Dollar Coin (USDC) into Sony’s recently launched Soneium Ethereum Layer 2 blockchain project. The collaboration is a significant step towards improving the […]

Blockchain News

Sony’s Soneium: Assessing the Ripple Effects After Testnet Success

Sony, a well-known pioneer in the technology sector, has launched Soneium, an Ethereum Layer 2 (L2) solution, further advancing technology. With this significant foray into the blockchain arena, Sony is demonstrating its dedication to using its vast experience in technology and entertainment to lead Web3 advancements. Soneium is envisioned as a platform that seamlessly combines […]

Blockchain News

Nigeria’s SEC Targets Unregulated Crypto Exchanges in Market Crackdown

Nigerian cryptocurrency law enforcement is about to move into a new phase. The Securities and Exchange Commission (SEC) declared its willingness to take action against unlicensed cryptocurrency exchanges. This action aims to safeguard investors without compromising the integrity of the country’s quickly growing digital asset market. Now, two exchanges with temporary licenses exist Busha Digital […]

Blockchain News

Chainlink and Suho.io Forge Alliance to Boost Blockchain in Asian Finance

A collaboration between Suho.io and Chainlink was announced on September 2nd, 2024. This partnership is an essential step towards developing and advancing the use of tokenised assets and applications for central bank digital currencies (CBDCs) in several significant Asian economies, including Korea, Japan, and Thailand. Through this partnership, both organisations want to further the broader […]

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