In a recent legislative proposal, South Korea’s Financial Services Commission (FSC) proposed changes to the country’s credit financing laws, with the aim of prohibiting local citizens from purchasing cryptocurrencies through credit cards.
The FSC expressed concern about possible illegal flows and…
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cryptocurrencies
Sam Bankman-Fried will not have a second trial
Sam Bankman-Fried, the controversial founder of cryptocurrency exchange platform FTX, will not face a second trial in the United States, prosecutors confirmed last Friday. After being found guilty last month of defrauding FTX users,…
In 2023 the number of bitcoin ATMs fell by 11%
The number of bitcoin ATMs worldwide has experienced a decline of 11.1% compared to early 2023, breaking an annual growth trend that has been maintained over the past decade.
According to data from Coin ATM Radar, the global number of…
Argentina proposes to reduce taxes for those who declare their crypts
In a significant turn in economic policies, the Argentine government presented a legislative proposal to modify the treatment of cryptocurrencies in the country. The initiative seeks to incentivise the declaration of holdings of crypto…
India is blocking access to exchanges like Binance
India's Financial Intelligence Unit (FIU IND) issued compliance notices to nine foreign digital asset service providers, alleging illegal transactions and violations of anti-money laundering regulations. Among those affected are prominent…
Russia sets the scene for cryptocurrency regulation
In a recent interview with the Russian newspaper Izvestia, Anatoly Aksakov, Chairman of the Committee of the State Duma of Russia, revealed that new regulations regarding cryptocurrencies are being considered, which could come into force…
Zhao’s fortune remains high, despite his troubles
Despite the legal challenges he faces today, Binance founder and former CEO Changpeng Zhao experienced the best financial period in his history. During the year 2023, its wealth has increased by approximately $25 billion.
According to…
AI displaced bitcoin in Google searches
In a notable turn, Google users show a marked shift in their search preferences, choosing to investigate more about Artificial Intelligence (AI) rather than "bitcoin" or "cryptocurrencies". Recent data from Google Trends reveal that,…
Musk is no longer “so interested” in cryptocurrencies
Eccentric tycoon and owner of Tesla, SpaceX and X (Twitter), Elon Musk, reveals his shift away from cryptocurrencies
During a conversation with Cathie Wood of Ark Invest at an X Space event held yesterday, Elon Musk, the visionary…
Spain dismantled a criminal network that operated with cryptocurrencies
The financing of terrorist activities in addition to blackmail and requests for ransom payment in cryptocurrencies are some of the crimes that the Spanish police have recently faced, in an international operation.
According to the Spanish…
FTX proposes measures to return money to clients
FTX, the cryptocurrency platform under scrutiny by the laws in the United States, proposed in court a restructuring of the company to return money to customers and also end the bankruptcy process.
As you may remember, FTX CEO Sam…
Brazil approved 15 % flat tax on cryptocurrency profits
Brazilian authorities recently approved a flat 15 % tax on profits from cryptocurrency transactions that will come into effect on January 1, 2024.
According to local newspaper Diário Official da União, the bill was signed on December 12 by…