US DOJ investigating Binance for potential violations of Russian sanctions
DOJ’s national security division is investigating Binance. Binance is accused of enabling Russians to circumvent US sanctions. The inquiry is focusing on both Binance and...
Kenya eyes 3% tax on cryptocurrency transfers
Kenya’s Treasury Secretary outlined the tax proposals in a document sent to parliament on 4 May, 2023. The 3% crypto tax will target cryptocurrencies and...
UK Treasury opens consultation on taxation of DeFi lending and staking
UK’s HM Treasury has outlined tax policy changes targeted at DeFi lending and staking. The proposals are part of a consultation on taxation of activities...
Hong Kong to release crypto framework next month- Bloomberg
Hong Kong’s new cryptocurrency licensing framework is expected in May. The Securities and Futures Commission (SFC) chief executive Julia Leung told Bloomberg the guidelines follow...
Coinbase sues SEC, Ark Invest buys $8.6m in Coinbase stock
Key takeaways Crypto exchange Coinbase has filed a lawsuit against the Securities and Exchange Commission (SEC). Coinbase wants the agency to provide a yes or...
MiCA constitutes a new era for crypto, Swarm co-founder Philipp Pieper says
The European Parliament’s approval of the Markets in Crypto Act, MiCA regulation continues to be hailed as a watershed moment for the crypto space, particularly...
European Parliament finally adopts the Markets in Crypto-Assets Act, MiCA
The MiCA Act was first introduced in 2020. The European Parliament had previously postponed voting on legislation two consecutive times. The MiCA act now awaits...
UK could roll out crypto regulation within a year, says senior minister
Key takeaways Andrew Griffith has estimated that the UK could roll out its crypto regulation within a year. He pointed out that the UK is...
Zipmex files for two-month extension to moratorium
Zipmex says it filed for the court extension as it seeks to find a solution that suits its customers and an investor. The moratorium was...