The process of crypto adoption is full of challenges due to various reasons such as legal aspects, financial problems, and etc. However, the situation is even more complicated in the case of small crypto exchanges as they have to spend a lot of money to comply with regulations. Unfortunately, small crypto exchanges are struggling to …
Crypto regulations are important and without a doubt, private and governmental organizations should work together regarding this topic. However, sometimes due to regulations, small crypto companies may cease to exist, as it costs thousands of euros to comply with requirements. As can be seen from the example of one small crypto exchange, often it is …
How AMLD5 Regulations Changed the Market in the Netherlands Read More »
Cryptocurrencies step-by-step became part of everyday life. Moreover, cryptocurrencies such as Bitcoin, Ethereum, and others have the potential to support the emerging countries, across the world. The global crypto exchange Binance is actively working to create new projects. Recently, Binance launched the social payments app Bundle. Interestingly, former director of Binance Labs, Yele Bademosi created …
Binance Plans to Revolutionize the Crypto Industry Read More »
Global crypto exchange Binance launched its social payments app Bundle. According to the press release Bundle would provide customers in different parts of Africa with a fee-free means to store and transact cash and cryptocurrencies. Customers should use a new digital wallet and also they have to download this wallet on their phones. This move …
Crypto Exchange Binance and its Social Payments App Bundle Read More »
Reliance Industries Limited is the largest publicly-traded company when it comes to market capitalization. Moreover, it is the largest company in terms of revenue, as Reliance Industries surpassed the government-controlled Indian Oil Corporation. Recently, world-famous social media network Facebook bought 9.9% of Jio Platforms which belongs to Reliance Industries. This deal will also influence the …
Billionaire Mukash Ambani, Reliance Industries and Facebook Read More »
Facebook is one of the most well-known social media networks if not the most popular around the globe. This social media giant earns billions of dollars every year. Moreover, Facebook is not only about social media. For example, last year Facebook unveiled a digital currency project called Libra. Moreover, the social media network invested more …
Social Media Giant Facebook Invested in Jio Platforms Read More »
Cryptocurrency scam is a serious challenge to the regulators as well as law enforcement agencies. It takes time and effort to identify such scams. Moreover, another task is to charge people with crypto-related crimes. Recently, at the hearing with the U.S. Securities and Exchange Commission (SEC), a Texas federal judge Robert Pitman ordered bench warrants …
Cryptocurrencies offer a number of advantages compared to fiat currencies. However, there are certain problems as well. On April 21, a Texas federal judge ordered bench warrants for former Republican senator David Schmidt and cohort Robert Dunlap. Both of them failed to appear and the judge decided to take measures against them. This case is …
A Federal Judge, ex-Senator and Crypto-Related Crime Read More »
Singapore is a major financial hub not only when it comes to Asia but around the world. Interestingly, one of the smallest countries, with a total area smaller than some of the cities in other countries, became the financial hub. Hopefully, the crypto industry is evolving in Singapore. Recently, the country’s tax authority released an …
Investor-Friendly Tax Scheme and Crypto Industry Read More »
If you asked most traders and investors only a decade ago about cryptocurrencies, the response would have been lukewarm at best. Now, these responses have changed dramatically, after an incredibly short time-frame. There is, of course, still plenty of hesitation around these currencies. This is still to be expected as cryptocurrencies are very new, with …
Last week, Singapore’s tax authority, the Inland Revenue Authority of Singapore (IRAS) released its e-tax guide. This guide helped to fill in the tax gaps for so-called “digital tokens” that encompasses all three types of crypto. The first type is payment tokens, used to buy goods and services. The second one is the utility tokens, …
Singapore’s Tax Authority, E-Tax Guide, and Crypto Read More »
Several days ago, on April 9 the Canadian asset manager 3iQ made an important announcement. According to this announcement, 3iQ launched a fund tied to Bitcoin on the Toronto Stock Exchange. It took three years to achieve this goal due to legal aspects. Consequently, the 3iQ became the first company to release such an offering …
Crypto: Toronto Stock Exchange Listed a Bitcoin Fund Read More »
Crypto exchange DeCurret recently restructured its capital. It is worth mentioning that, DeCurret is promoting cryptocurrency as a form of payment for Japan’s transportation system. Several days ago, the crypto exchange published a press release. It is worth mentioning that, the crypto exchange issued new shares worth 2.75 billion yen approximately $25 million, in a …
Shares of Crypto Exchange DeCurret and Public Transport Read More »
North Korea is one of the most if not the most isolated country in the world. North Korea retains this status for several decades. Recently, U.S. Departments of State, Treasury as well as Homeland Security along with the Federal Bureau of Investigation released “DPRK Cyber Threat Advisory”. According to this paper, North Korean state actors …
Global Cybercrime Campaigns, North Korea and Crypto Read More »
The coronavirus pandemic affected the lives of many people and unfortunately, more than 134,000 patients died as a result of the coronavirus. Governments announced massive stimulus packages to avert the financial crisis. Moreover, various criminal groups, as well as individuals, started to use coronavirus as a pretext to steal money. Some of them created crypto …
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