Cryptocurrency
Cryptocurrency
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UK leads in crypto activity across Central, Northern, and Western Europe (CNWE)
CNWE nations UK, Spain, France, Germany, Italy, and the Netherlands ranked among the top 50 nations for global grassroots crypto adoption
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Mudrex launches payments infra for Indian Web3 businesses
Their clients include FireDrops by Flipkart, IndiGG, Polygon, ANQ Finance, Colexion, Acme and Rage Fan
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EU adopts new tax data sharing rules to enhance crypto regulation
The new tax rules draw upon MiCA definitions to cover crypto-assets including, decentralised cryptos, stablecoins, e-money tokens, and specific NFTs
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South Korea's FSS preparing supplementary regulations for Virtual Asset Users Protection Act
The FSS intends to finalise the new virtual asset regulations before the implementation of the Virtual Asset Users Protection law
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G20 adopts crypto assets roadmap at FMCBG meeting in Morocco
The IMF-FSB paper rejects a crypto ban and proposes comprehensive oversight to maintain monetary stability
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SEC declines to appeal court loss, grayscale awaits SEC's next move for spot Bitcoin ETF
A false tweet claiming that the SEC has approved Blackrock's application to launch a spot Bitcoin ETF, caused a $30,000 surge in the price of Bitcoin
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Mastercard achieves success in CBDC wrapping trial, boosting blockchain interoperability
The solution was developed in partnership with Australian financial services firm Cuscal and fintech company Mintable
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Italian car manufacturer Ferrari accepts crypto payments for luxury cars in the US
Ferrari plans to expand crypto payments to Europe by the first quarter of 2024, with plans to further expand to other regions where it is legal
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China Inaugurates First Industrial Park for Digital Yuan Development in Shenzhen
The park is located in Shenzhen's Luohu district, near Hong Kong. It aims to promote the development of the digital Yuan and expand the CBDC ecosystem
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DeCurret Plans to Launch the Japanese Yen-Backed Digital Currency DCJPY by July 2024
In its November 2021 white paper, DeCurret proposed a method to realise the digital currency DCJPY. The method is now verified and ready for use
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U.S. Senators Urge Treasury & IRS To Enact Crypto Tax Reporting Rules Before 2026
The proposed regulation by the Treasury Department and the IRS aims to regulate the vast and complex world of crypto trading and tax reporting