Crypto and Laws
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Is the US 30% Bitcoin mining tax dead?
In a significant turn of events, the controversial Digital Asset Mining Energy (DAME) excise tax was not included in the latest Fiscal...
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Russia backtracks from plan to create national crypto exchange
Russia is no longer moving forward with its plans to create a national crypto exchange. Instead, it will focus on formulating rules that will...
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Dubai watchdog warns of regulatory gaps threatening global market
Dubai’s Financial regulator has joined other regulators around the world as they debate how to regulate the crypto market. While Singapore...
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Binance CEO highlights timing of Beijing’s web3 white paper amid China, Hong Kong crypto regulatory changes
On May 27, Beijing released an “Internet 3.0 Innovation and Development” white paper outlining advancements and support for Internet...
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Gemini and Genesis File Motion to Dismiss SEC Lawsuit
Gemini, a prominent cryptocurrency exchange, and Genesis Global Capital, a bankrupt crypto lender, have jointly filed a motion to dismiss the...
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Gemini and Genesis seek to dismiss SEC lawsuit over defunct Earn product
Gemini and Genesis have asked a judge to dismiss an SEC lawsuit concerning its Earn product, according to developments on May 26 . Genesis says...
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Gulf Binance receives nod from Thai Ministry of Finance for digital asset operation
Gulf Binance, the alliance between the global cryptocurrency exchange Binance and Gulf Energy’s innovation arm, Gulf Innova, recently...
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UK Prime Minister Rishi Sunak considering new rules to regulate AI amid concerns of ‘existential threats’
UK Prime Minister Rishi Sunak aims to update his government’s guidelines around regulating artificial intelligence (AI) and its development,...
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Binance, Gulf Innova joint venture bags digital asset operator license in Thailand
Thailand’s Ministry of Finance has granted a digital asset operator license to the joint venture between Binance and Gulf Innova, the...
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French government revises strict rules on influencer marketing for cryptocurrency companies
In a stunning twist, French legislators have taken an unexpected stance by revising the strict rules initially proposed in March. These...
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China’s Zhengzhou offers lucrative incentives for metaverse innovators
This week, the municipal government of Zhengzhou, located in the prosperous province of Henan in China, made news when it issued a series of...
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US Congressmen urge SEC to keep definition of ‘qualified custodian’ unchanged
Congressmen Michael Flood and Ritchie Torres wrote to SEC Chair Gary Gensler, urging him to keep custody rules unchanged. In February, the U.S....
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EU watchdog does not deem crypto link to TradFi ‘significant’ to pose systemic risk yet
The European Systemic Risk Board (ESRB) said the crypto sector does not pose any systemic risks to the real economy for now as its current links...
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South Korean government approves landmark bill to regulate cryptocurrency assets
South Korean lawmakers have taken a significant step forward in regulating cryptocurrency assets by passing a bill that requires officials to...
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Bitfinex forms strategic partnership in Latin America, driving crypto adoption in the region
Bitfinex , the major digital asset platform, has announced its latest partnership in Latin America. In a strategic move aimed at driving...