Brazil’s President Approves Tax on Crypto Assets Held Abroad

by Александр Пирогов | Dec 17, 2023 | Blog News

Brazilian President Luis Inácio Lula da Silva has signed a law introducing taxes on crypto assets held abroad by Brazilian citizens. The law, set to come into force on January 1, 2024, will also apply to profits and dividends gained by Brazilian taxpayers from various...

Kazakhstan’s Digital Tenge CBDC Pilot Declared a Success

by Александр Пирогов | Dec 17, 2023 | Blog News

Kazakhstan’s central bank digital currency (CBDC), the digital tenge, has been declared a success following a month-long pilot project. The digital tenge was used for various transactions, including providing schoolchildren with free lunches in Almaty. Plastic...

Founder of Terra Luna, Do Kwon, Set to be Extradited to the U.S.

by Александр Пирогов | Dec 17, 2023 | Blog News

Do Kwon, the founder of Terra Luna, is reportedly set to be extradited to the United States. Montenegro has privately confirmed its intention to send Kwon to the U.S. to face criminal charges. Kwon was arrested in March while attempting to leave the country with...

SEC Chairman Gensler: Reevaluating Spot Bitcoin ETF Applications

by Александр Пирогов | Dec 17, 2023 | Blog News

U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler revealed that the regulator is taking a new look at spot bitcoin exchange-traded fund (ETF) applications based on recent court rulings. Gensler mentioned that between eight and a dozen filings are...

Major Banks Participate in Fnality’s Sterling Payment System

by Александр Пирогов | Dec 17, 2023 | Blog News

Financial giants Lloyds, Banco Santander, and UBS participated in blockchain startup Fnality’s Sterling Payment System, marking a significant move in integrating blockchain into traditional finance. Live payments conducted through the system signal a future of digital...

Ripple Releases White Paper on Central Bank Digital Currencies (CBDCs)

by Александр Пирогов | Dec 17, 2023 | Blog News

Blockchain company Ripple has released a comprehensive white paper on central bank digital currencies (CBDCs), providing insights into their potential benefits, associated risks, and adoption challenges. The document reveals that 130 countries, representing 98% of the...