“IOTA Surges 43% Following Registration of Ecosystem Foundation in Abu Dhabi”

by Александр Пирогов | Nov 30, 2023 | Blog News

The IOTA token experiences a 43% surge after the registration of the IOTA Ecosystem DLT Foundation in Abu Dhabi. With a funding commitment of $100 million worth of tokens vested for four years, this foundation claims to be the first of its kind registered under Abu...

Brazil Senate Approves Tax on Crypto Gains Held Outside the Country

by Александр Пирогов | Nov 30, 2023 | Blog News

The Brazil Senate approves new income tax rules, likely requiring Brazilians to pay up to a 15% tax on income derived from cryptocurrencies held on exchanges outside the country. The bill, expected to be approved by President Luiz Inácio Lula da Silva, sets the...

U.S. Treasury Advocates Expanded Sanctions on Crypto Companies

by Александр Пирогов | Nov 30, 2023 | Blog News

The U.S. Treasury is developing new sanctions tools to combat illicit activities in the cryptocurrency sector, with recent actions against Binance and Sinbad. The initiative aims to prevent crypto use in terrorism and money laundering, prompting a push to update...

ECB’s Andrea Enria Cautions Crypto Firms on Banking Regulations

by Александр Пирогов | Nov 30, 2023 | Blog News

Andrea Enria of the European Central Bank (ECB) warns that crypto firms may face banking regulations if providing services resembling those of traditional banks. He emphasizes the need for monitoring and regulation to ensure entities in the crypto world acting as...

Philippines SEC Warns Binance Over Unlicensed Operations

by Александр Пирогов | Nov 30, 2023 | Blog News

The Securities and Exchange Commission (SEC) in the Philippines issues a cautionary advisory against endorsing Binance, citing potential legal consequences under the Securities Regulation Code. Violations could result in a maximum fine of five million pesos, a 21-year...

Ex-SEC Chair Discusses Crypto Regulation

by Александр Пирогов | Nov 29, 2023 | Blog News

Jay Clayton, former chairman of the U.S. Securities and Exchange Commission (SEC), shared insights on cryptocurrency regulation at the Council on Foreign Relations. He mentioned that the classification debates over whether a crypto token is a security or a commodity...