CryptoSlate
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Singapore tightens laws for crypto companies in a cautious bid to embrace the industry
Singapore’s parliament has passed an omnibus bill that will expand the powers of its primary market watchdog and introduce tighter...
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PBoC: Digital yuan trial expands to 11 more cities
On March 31, 2022, the People’s Bank of China held a symposium on the pilot work of digital RMB (digital yuan) research and development...
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Trading volume drops as 30% capital gains tax on crypto tax goes into effect in India
The new crypto tax regime in India has finally gone into effect, and it appears to be affecting the trading volume in the country. Media...
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Senator Lummis says Bitcoin is a commodity and will become a currency soon
The U.S. Senator from Wyoming, Cynthia Lummis, recently championed Bitcoin as a future currency in an interview. The interview started with...
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Crypto miners strike gold in Oklahoma as state introduces new tax incentives
Oklahoma lawmakers are in the final stages of introducing legislation that would make the state the new cryptocurrency mining hub in the U.S....
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UK begins campaign to become crypto “world leader” with an NFT
The UK announced plans to mint an NFT and said it want to bring stablecoins into the country’s payments framework to enable issuers...
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Will Indonesia’s decision to tax crypto stifle local adoption?
Indonesia is the latest Asian country to announce intentions to impose a tax scheme on all crypto transactions and income tax on capital gains...
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Former Indian chief minister likens crypto to gambling, calls for higher taxation
A former Indian chief minister said “crypto is gambling” and urged the government to raise the taxes imposed on virtual assets....
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The SEC requires crypto exchanges to expose their customers’ assets
This year, a crackdown on digital assets has been at the top of the US Securities and Exchange Commission’s (SEC) plan. This was made clear by...
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EU blunder on unhosted crypto wallets will cost the region dearly
EU lawmakers voted in favor of stricter rules on the transfer of funds to unhosted crypto wallets on Thursday. Unhosted crypto wallets are...
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Bitcoin drops to $45.5k as Europe votes to ban cold wallets in attack on decentralization
Bitcoin dropped $2,000 from $47,500 to $45,500 in four hours after news broke that the EU is set to cripple innovation in the blockchain...
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China’s strict crypto policy continues as WeChat bans NFT accounts
China’s social media and messaging app, WeChat, has banned more than 12 public accounts linked to non-fungible token, or NFT, trading....
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New funding round values Blockchain.com at $14 Billion
Led by venture capital firm Lightspeed Venture Partners with major participation from Baillie Gifford & Co, wallet provider and exchange...
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Barriers to mass adoption: How can the crypto industry attract retail investors?
Since March 2020, the global crypto market has skyrocketed by a phenomenal 900%, with no sign of slowing down anytime soon. When looking at...
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FCA angers lawmakers by extending crypto compliance deadlines
The UK’s Financial Conduct Authority (FCA) released a notice in 2019 , condemning all crypto businesses to comply with their AML/CFT rules...