Ripple Partners with DIFC Innovation Hub to Propel Blockchain and Crypto Innovation in the UAE

by Theresa Joy Lacatan | Aug 9, 2024 | Blog News, Crypto News

On 2 August 2024, Ripple, a leading provider of enterprise blockchain and crypto solutions, announced its partnership with the DIFC Innovation Hub, a key innovation ecosystem within the Dubai International Financial Centre (DIFC). This strategic collaboration aims to...

International Monetary Fund and El Salvador Progress Toward Economic Stability

by Theresa Joy Lacatan | Aug 9, 2024 | Blog News, Crypto News

On 6 August 2024, the International Monetary Fund (IMF) issued a statement following discussions with Salvadoran authorities, led by Mr. Raphael Espinoza. These conversations, held both in person and virtually over the past months, centered on policies aimed at...

SEC’s Proposals Set to Revolutionize Cryptocurrency Options Trading

by Theresa Joy Lacatan | Aug 8, 2024 | Blog News, Crypto News

On 6 August, 2024, in a move to further integrate cryptocurrency assets into the regulated financial system, the Securities and Exchange Commission (SEC) has announced two proposed rule changes. Filed by Nasdaq ISE, LLC, these changes aim to enhance the trading...

Artists Challenge SEC’s Authority Over NFTs Seeking Clarity of Jurisdiction

by Theresa Joy Lacatan | Aug 8, 2024 | Blog News, Crypto News

On 29 July 2024, conceptual artist Brian Frye and musician Jonathan Mann filed a pre-emptive lawsuit against the United States Securities and Exchange Commission (SEC) concerning the regulation of non-fungible tokens (NFTs). This legal action follows previous SEC...

Binance Faces $86 Million Tax Bill from Indian Authorities Amid Intensified Scrutiny

by Theresa Joy Lacatan | Aug 7, 2024 | Blog News, Crypto News

On 5 August 2024, Indian authorities have issued a substantial tax bill to Binance, the world’s largest cryptocurrency exchange. The Directorate General of Goods and Services Tax Intelligence (DGGI) from Ahmedabad has served Binance with a show cause notice demanding...

Law Commission of England Publishes Digital Assets Draft Bill and Report: Proposes Third Category of Personal Property for Digital Assets

by Theresa Joy Lacatan | Aug 7, 2024 | Blog News, Crypto News

On 30 July 2024, the Law Commission of England and Wales published a supplemental report and draft Bill proposing the establishment of a third category of personal property to encompass certain digital and other assets. This initiative aims to clarify the legal status...