The Futures and Commodity Trading Regulatory Agency (Bappebti) will inaugurate the Indonesian crypto exchange which is scheduled for July 2023. Bappebti head Didid Noordiatmoko said that once the exchange is launched, all crypto transactions can only be done through the exchange. “Yesterday we agreed on the stock exchange rules. So the know your customer (KYC) process and […]
Ukrainian regulators are prepared to start taxing crypto gains at 18% from 2024, with lawmakers set to vote on proposals this fall. Per Forbes Ukraine, the National Commission for Securities and the Stock Market is set to unveil a draft law, which will be set before lawmakers at the next parliamentary session. The market regulator’s proposals include creating a […]
Binance, the world’s largest cryptocurrency exchange by trading volume, has been ordered to cease operations in Nigeria by the country’s Securities and Exchange Commission (SEC). In a recent statement, the regulator declared the operations of Binance “illegal” in the West African nation, stating that the cryptocurrency exchange was neither registered nor regulated by the commission. “Any […]
Recent market updates reveal that crypto exchange OKX targets France as its European regional hub. Moreover, the trading company plans to employ 100 individuals within three years. That comes as the exchange seeks to join other (74) firms that have already acquired certification from the nation’s AMF (Financial Markets Authority). The trading company has applied to become […]
Russian lawmakers intend to soon approve four bills designed to regulate various aspects of cryptocurrencies, a high-ranking member of the Russian parliament announced. Meanwhile, Russian companies are already using digital assets in cross-border settlements, the official noted. Russian Legislature to Vote on Crypto Laws by End of July The State Duma, the lower house of […]
Bittrex already announced its intention to exit the U.S., but also faces an SEC enforcement action. Crypto exchange Bittrex has filed for bankruptcy in the U.S. state of Delaware on Monday, months after announcing it would wind down operations in the country and weeks after being sued by the Securities and Exchange Commission (SEC). The […]
Binance’s Australian derivatives license was canceled at the request of the crypto exchange itself. The Australian Securities & Investments Commission (ASIC) announced this after regulators began a targeted review of Binance in February. Starting April 14th, Binance derivatives clients in Australia will not be able to open or upgrade their existing trading positions. On April […]
India’s central bank, the Reserve Bank of India (RBI), and the Central Bank of the United Arab Emirates (UAE) have agreed to collaborate on cross-border central bank digital currency (CBDC) transactions of remittances and trade. The initiative is “expected to reduce costs, increase efficiency of cross border transactions and further the economic ties between India […]
The California Department of Financial Protection and Innovation recently launched a cryptocurrency fraud tracker to assist the public in recognizing and avoiding crypto scams. Will this technology make the crypto industry safer and attract new investors? Check out the complete information as reported by The Bit Times page below. Crypto Scam Tracker Helps Investors Recognize […]
Reporting from Cointelegraph (16/2/23), the proposal to use zero-knowledge proofs for digital identities has received approval by the European Union Committee, and may then become part of updated legislation. European Parliament Supports Digital Identity According to the Find Biometrics report (16/2/23), members of the European Parliament committee have supported the EU’s proposed digital identity documents […]