SPAIN PASSES EL SALVADOR TO BECOME WORLD’S THIRD-LARGEST NETWORK OF CRYPTO ATM |1300 HKT | 0600 UKT | 25 OCTOBER 2022

by Александр Пирогов | Oct 25, 2022 | Blog News

Spain has reportedly had more crypto ATMs than El Salvador currently, making it the third-largest crypto ATM hub that accounts for 0.6% of the world’s total crypto ATMs. The figure is also the highest in Europe, which represents 14.65% of the crypto ATM installed in...

YELLOW CARD BECOMES THE FIRST CRYPTO EXCHANGE FOR OBTAINING VASP LICENSE IN AFRICA |1300 HKT | 0600 UKT | 25 OCTOBER 2022

by Александр Пирогов | Oct 25, 2022 | Blog News

The Non-Bank Financial Institution Regulatory Authority (NBFIRA) of Botswana, has reportedly granted a virtual asset service provider (VASP) license to the African crypto exchange Yellow Card on 29 September, making it the first crypto exchange to obtain a VASP...

UK PARLIAMENT TO CONSIDER AN AMENDMENT TO FINANCIAL SERVICES BILL FOR REGULATING CRYPTO ACTIVITIES |1300 HKT | 0600 UKT | 25 OCTOBER 2022

by Александр Пирогов | Oct 25, 2022 | Blog News

The amendment to the Financial Services and Markets Bill which was proposed to expand the law’s power to regulate the financial promotion and other activities of crypto assets has had its second reading in the House of Commons on 7 September. It is believed that the...

COINBASE ANNOUNCES NEW MEASURE TO INCENTIVIZE INTERNATIONAL ADOPTION OF USDC |1300 HKT | 0600 UKT | 21 OCTOBER 2022

by Александр Пирогов | Oct 21, 2022 | Blog News

US-based cryptocurrency exchange Coinbase states that the adoption of USDC has been more conservative outside of the US. According to its research, there is currently 3 times more USDC bought with USD than non-USD currencies. The exchange attributes such a cautious...

SOUTH AFRICAN FINANCIAL REGULATOR BROADENS THE SCOPE OF FINANCIAL PRODUCT TO INCLUDE CRYPTO ASSETS|1300 HKT | 0600 UKT | 21 OCTOBER 2022

by Александр Пирогов | Oct 21, 2022 | Blog News

South African Financial Sector Conduct Authority (FSCA) has declared that the definition of the financial product under the Financial Advisory and Financial Intermediary Services Act, 2002 (FAIS) will be extended to crypto assets on 19 October. A Crypto asset is...

IRS EXPANDS CATEGORY OF DIGITAL ASSETS IN ITS DRAFT 2022 TAX FORMS |1300 HKT | 0600 UKT | 21 OCTOBER 2022

by Александр Пирогов | Oct 21, 2022 | Blog News

The Internal Revenue Service (IRS) has released its draft 2022 IRS tax forms, including a section for US taxpayers to report certain transactions of digital assets such as non-fungible tokens (NFTs) and virtual currencies. Digital assets are defined as any digital...