Australia tries again to combat ‘future sectors’ crypto scams
The “Proposed Scams Code Framework” consultation paper aims to delegate clear roles and responsibilities to government and private entities when combatting scams.
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Brazilians may soon need to stump up taxes on crypto held abroad
The new rules would make income from crypto held on exchanges outside Brazil taxable at the same rate as local income.
US Deputy Treasury Secretary calls for additional tools to sanction crypto firms
Wally Adeyemo cited a recent settlement with crypto exchange Binance and sanctions against crypto mixer Sinbad in calling for an expansion of the U.S. Treasury’s authority.
SoFi Technologies to cease crypto services by Dec. 19
“You can agree to have your account migrated to Blockchain.com or close your account instead,” the company wrote.
Wormhole raises $225M at $2.5B valuation
The protocol reached a total value locked of $3.8 billion at its peak.
Poloniex prepares to resume withdrawals after $100M hack
Poloniex says it will start resuming deposits on Nov. 30 with Tron (TRX), the cryptocurrency of Justin Sun-founded Tron blockchain.
Binance operating without license in Philippines, regulator says
According to the Philippines SEC, entities involved in promoting or trading on Binance could face up to 21 years of imprisonment and $90,000 in penalties.
SEC seeks public input on Franklin Templeton, Hashdex Bitcoin ETFs
The requests for public comment are standard for ETFs under review and have an open period of 35 days.
Interactive Brokers opens Hong Kong retail crypto trading with OSL
Hong Kong clients will be able to purchase Bitcoin and Ether in their personal accounts.
More foreign banks join China’s CBDC pilot trials
A total of four foreign banks have integrated China’s e-CNY CBDC thus far.
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