US Senators Urge SEC to Reconsider Crypto ETP Approvals

by Александр Пирогов | Mar 15, 2024 | Blog News

US Senators Jack Reed and Laphonza Butler have called on Securities and Exchange Commission (SEC) Chairman Gary Gensler to halt the approval of further crypto exchange-traded products (ETPs) beyond Bitcoin. Their letter to Gensler emphasizes concerns over investor...

Hong Kong Expands e-HKD Pilot Programme to Explore CBDC Applications

by Александр Пирогов | Mar 15, 2024 | Blog News

Hong Kong is advancing its e-HKD Pilot Programme to explore the potential of a digital version of the Hong Kong dollar (e-HKD). Phase 2 of the program, following the completion of Phase 1 in October 2023, aims to delve deeper into specific areas where an e-HKD could...

Banco Do Brasil and Giesecke+Devrient Collaborate to Enable Offline Payments for Brazilian CBDC

by Александр Пирогов | Mar 15, 2024 | Blog News

Banco Do Brasil, in partnership with Giesecke+Devrient, is exploring the integration of offline payment functionality into Drex, Brazil’s upcoming central bank digital currency (CBDC). The initiative aims to extend financial services to individuals in remote...

El Salvador to Move Significant Bitcoin Holdings to Cold Storage

by Александр Пирогов | Mar 15, 2024 | Blog News

El Salvador is planning to transfer a substantial portion of its Bitcoin holdings to an offline, cold storage wallet for enhanced security. President Nayib Bukele announced the decision, revealing that the country’s Bitcoin portfolio has reached a value of...

South Africa Approves 59 Licenses for Cryptocurrency Exchanges

by Александр Пирогов | Mar 14, 2024 | Blog News

The Financial Sector Conduct Authority (FSCA) in South Africa has granted operating licenses to 59 cryptocurrency exchanges, out of over 300 providers seeking permits. By law, digital-asset exchanges require permits to operate in the country, and the FSCA has been...

Thailand Introduces Crypto Tax Break to Boost Investment Token Use

by Александр Пирогов | Mar 14, 2024 | Blog News

Thailand’s Revenue Department has approved a tax break for holders of investment tokens, exempting them from personal income tax. The aims is to promote the use of investment tokens for fundraising and stimulate economic growth. Investment tokens are digital...