U.S. Lawmakers Introduce Bills Across Four States to Block CBDC Definitions as Legal Tender

by Александр Пирогов | Jan 18, 2024 | Blog News

Lawmakers in South Carolina, South Dakota, Tennessee, and Utah have proposed bills aimed at preventing the designation of a Central Bank Digital Currency (CBDC) as legal tender. Representative Tyler Clancy introduced a bill in the Utah Senate on January 4, seeking to...

South Africa’s Paycorp Establishes 3,000 Cryptocurrency to Cash Conversions ATMs across South Africa

by Александр Пирогов | Jan 18, 2024 | Blog News

In a groundbreaking collaboration, Paycorp has joined forces with digital currency payment company Triple-A, revolutionizing financial transactions for South Africans. Through the newly launched CryptoExpress app, Paycorp users can seamlessly convert their Bitcoin...

SEC Agrees to Trial Postponement in Terraform Labs Case Amidst Do Kwon’s Extradition Appeal

by Александр Пирогов | Jan 17, 2024 | Blog News

The U.S. Securities and Exchange Commission (SEC) has filed for a postponement of the civil trial against Terraform Labs and its co-founder, Do Kwon. The trial, originally scheduled for January 29, is being delayed to facilitate Kwon’s participation amidst...

Pro-Crypto Republican Vivek Ramaswamy Drops Out of 2024 Presidential Race, Endorses Trump

by Александр Пирогов | Jan 17, 2024 | Blog News

Pro-crypto Republican presidential candidate Vivek Ramaswamy has exited the 2024 presidential race after receiving fewer votes in the Iowa caucuses. Ramaswamy, a vocal supporter of cryptocurrency, plans to endorse Donald Trump in the presidential race. Despite facing...

IRS Grants Reprieve on Crypto Reporting Rules Amidst Infrastructure Act Changes

by Александр Пирогов | Jan 17, 2024 | Blog News

In a temporary relief for businesses navigating the crypto landscape, the U.S. Treasury Department and the Internal Revenue Service (IRS) have announced a postponement of new rules mandating the reporting of digital asset transactions exceeding $10,000. The delay...

Indian Crypto Exchanges Offer Solutions Amidst Ban on Offshore Platforms

by Александр Пирогов | Jan 17, 2024 | Blog News

Following the recent ban imposed by India’s Ministry of Finance, Financial Intelligence Unit (FIU) on offshore crypto exchanges, including Binance and OKX, Indian exchanges such as CoinDCX, WazirX, and BuyUcoin are stepping in to assist affected users. CoinDCX has...