US Treasury, IRS propose cryptocurrency regulations for brokers
Brokers — referred to as “digital asset middlemen” in the regulatory proposal — will be required to provide information on gains and losses incurred during the sale of crypto assets.
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CBN missed opportunity for blockchain regulation in 2021 – Convexity CEO
Mr. Owonibi stated that a blockchain regulation strategy should have been created by the Central Bank of Nigeria (CBN) in 2021 instead of cutting ties between cryptocurrency exchange firms and…
Nigeria’s Web3 education efforts seek to tackle language challenges
The chief operating officer (COO) of Bitkova Academy, a blockchain education platform, Bello Usman Abdullahi said the language barrier is one of the current major challenges.
US-based Genesis Global Trading will eliminate its crypto spot trading service
The company, an affiliate of Barry Silbert’s Digital Currency Group, has been providing crypto spot trading since 2013. Its closure is “for business reasons.”
40% of crypto trading platforms are decentralized: World Federation of Exchanges
The World Federation of Exchanges noted in a report that retail demand is higher for crypto products but there's a lack awareness on investor protection.
Attorney outlines Ripple-SEC settlement path amid Coinbase case impact
Deaton clarified that even if an appeal were possible in such a situation, the agency's authority would be diminished.
OKX plans to enter India, hire local employees for Web3 exploration
The CMO of OKX says the company is looking into its entrance in the Indian market through hiring local employees and “understanding the culture.”
Coinbase vs SEC: New attorney Patrick V. Kennedy joins fight
Attorney Patrick V. Kennedy files a motion to appear pro hac vice in the Coinbase vs. U.S. SEC lawsuit for the Chamber of Digital Commerce.
Bitwise withdraws Bitcoin and Ether Market Cap ETF application
Bitwise was among a number of asset managers looking to launch spot Bitcoin exchange-traded funds in the United States.
KC Fed tracks healthy growth of crypto ATM industry despite predatory operators
The crypto ATM industry gets little attention relative to its size and issues. It appeals to users with motivations ranging from convenience to investment.
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