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30 Jan 23

Justin Sun claims China will implement crypto regulations through tax policies

According to Justin Sun, China is moving towards crypto legitimacy by imposing a tax on crypto transactions. The move signifies that the Chinese government views crypto assets as a legitimate wealth source and storage vehicle. China’s crypto transaction tax policy Justin Sun, head of crypto exchange Huobi and Tron founder, announced that China was taking […]

NFT representing ownership of a house in South Carolina sold for 175000

30 Jan 23

German investigators sell Crypto Queen’s house, Ignatova is still missing

Ruja Ignatova, aka the Crypto Queen, has resurfaced after more than five years in hiding. The OneCoin founder is linked to a British government filing for a London property. However, her actual location is still unknown. Meanwhile, BBC claims that German prosecutors are behind the bid for the property. Ruja’s London property was listed for […]

29 Jan 23

South Korea’s Ministry of Justice to enforce crypto tracking system in H1 2023

The Ministry of Justice in South Korea, through a Government Business Report released on Jan. 26, announced the primer of a ‘virtual currency tracking system’ to curb money laundering and recovery of proceeds of crime. Enforcement of the ‘virtual currency tracking system’ The ‘virtual currency tracking system’ will enhance the monitoring of digital transactions, retrieve […]

29 Jan 23

Former PBOC member criticizes China’s ban on crypto

Huang Yiping, a former monetary policy member of the People’s Bank Of China (PBoC), has expressed concerns about China missing out on financial development opportunities following the nation’s ban on cryptocurrencies. Cryptocurrency adoption linked to development opportunities, says ex-PBoC member While the PBoC had reasons to ban virtual currency activities, Yiping notes that the central […]

29 Jan 23

Tron co-founder wants TRX adopted as legal tender in at least five countries within a year

Justin Sun, a Grenada diplomat, wants TRX, the native of Tron, a smart contracting platform he co-founded, adopted as legal tender in at least five countries within a year. Sun hopes TRX adoption will trigger global acceptance of crypto as legal tender In a series of tweets posted on his official account, Sun expressed that […]

29 Jan 23

Chad Pergram wants more regulation on cryptocurrencies

In a recent interview with Fox News, Chad Pegram, Senior congressional correspondent, said cryptocurrencies are less regulated than other assets. The new committee for crypto regulation The federal lawmakers’ attempt to regulate cryptocurrency now has the House setting up a new subcommittee on digital assets, financial technology, and inclusion to assist in drafting relevant policies. The […]

29 Jan 23

Sam Bankman-Fried’s defense moves to remove restrictions on FTX assets

On Jan. 28, Sam Bankman-Fried’s legal representatives filed paperwork to have a restriction lifted that currently prohibits the former CEO from accessing FTX’s funds. Bankman-Fried’s legal team argues for lifting restrictions Bankman-Fried’s legal team argues that bail conditions prohibiting him from accessing or transferring any assets related to FTX or Alameda Research, the trading wing associated with […]

28 Jan 23

US IRS wants everyone to declare if they engage in crypto

The Internal Revenue Service (IRS), responsible for enforcing federal tax laws in the United States, recently published a list of reporting obligations for the general public regarding cryptos as the time for filing the 2022 federal income tax return draws near. The IRS recommends selecting ‘yes’ if you acquire, transfer, or sell cryptos Since “virtual […]

Crypto Regulations international version non US countries

28 Jan 23

White House wants Congress to “step up its efforts” on crypto regulations

On Friday, the Biden administration asked the United States Congress to expand regulators’ authority in policing the crypto industry. Four senior White House officials published a statement titled ‘The Administrations Roadmap to Mitigate Cryptocurrencies’ Risks.’ It urged Congress to “step up its efforts” in crypto market regulations. Contents of the statement The administration’s primary focus is to […]

27 Jan 23

FTX lawyers to make millions from bankruptcy case

FTX’s legal team is poised to reap millions from the ongoing FTX bankruptcy case. With the trial set to take place in October 2023, the team has under eight months to sort out the issue. The process is expected to take a lot of time and money, all at the expense of the investors. According […]

Justin Sun claims China will implement crypto regulations through tax policies

German investigators sell Crypto Queen’s house, Ignatova is still missing

South Korea’s Ministry of Justice to enforce crypto tracking system in H1 2023

Former PBOC member criticizes China’s ban on crypto

Tron co-founder wants TRX adopted as legal tender in at least five countries within a year

Chad Pergram wants more regulation on cryptocurrencies

Sam Bankman-Fried’s defense moves to remove restrictions on FTX assets

US IRS wants everyone to declare if they engage in crypto

White House wants Congress to “step up its efforts” on crypto regulations

FTX lawyers to make millions from bankruptcy case

Justin Sun claims China will implement crypto regulations through tax policies

German investigators sell Crypto Queen’s house, Ignatova is still missing

South Korea’s Ministry of Justice to enforce crypto tracking system in H1 2023

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