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Russia Proposes 15% Tax on Crypto and Mining Restrictions

Russia is proposing a 15% tax on cryptocurrency earnings, signaling a shift in regulations for crypto miners and transactions. The draft amendment, introduced by the Ministry of Finance on Monday, aims to create a structured framework for cryptocurrency taxation and mining operations in the country. New Russia Crypto Tax Framework The proposed legislation includes a […]
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WazirX Plans to Launch New Decentralized Exchange

Summary To resume trading on its platform, WazirX is implementing a Singapore scheme of arrangement. Zettai Pte Ltd, which manages WazirX’s crypto assets, is also launching a new decentralized exchange (DEX) to support recovery efforts. This scheme aims to provide liquidity and additional recovery options to WazirX users through rebalancing and tokenization. Hacked cryptocurrency exchange […]
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Binance, Indian Police Bust Energy Scam, Recover $100K USDT

Binance and the Delhi Police announced on Tuesday that they successfully collaborated to dismantle a large-scale renewable energy scam in India. The joint effort led to the seizure of over $100,000 in USDT from fraudsters connected to a fake solar company. The scam misled many unsuspecting investors by falsely claiming to support India’s renewable energy […]
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Indian Govt. Officials Probe Crypto Exchange WazirX’s $234M Hack

Government Agencies Probe WazirX Hack Indian government agencies, including the Financial Intelligence Unit (FIU), are investigating a $235 million hack targeting WazirX, amid suspicions of insider involvement. The crypto exchange WazirX is working closely with authorities, such as the Financial Intelligence Unit, to address the $235 million theft from its wallet in July. Sources told […]
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Dubai’s VARA Updates Marketing Regulations and Guidelines for VASPs

Dubai’s Virtual Assets Regulatory Authority (VARA) has revised its marketing regulations as part of a broader framework for Virtual Asset Service Providers (VASPs) in the Emirates. These new rules, effective from October 1, aim to enhance transparency, consumer protection, and prevent misleading information in the rapidly expanding virtual assets sector in Dubai. Central to these […]
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Germany Shuts Down 47 Crypto Exchanges for Illegal Activities

In a major crypto crackdown, Germany has shut down 47 crypto exchanges allegedly for carrying out illegal activities including money laundering. The decision was taken by the German Attorney General’s Office Frankfurt am Main and the country’s Federal Criminal Police Office(BKA). The Frankfurt am Main Public Prosecutor’s Office and the Federal Criminal Police Office (BKA) have successfully […]
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Trump Launches Crypto Platform to Make U.S. Crypto Capital

Donald Trump introduced a new crypto platform, World Liberty Financial, with his sons promoting it across social media. Despite once being critical of Bitcoin, Trump has now embraced the crypto space, offering a governance token for accredited investors. On September 16, Donald Trump and his sons, Donald Jr. and Eric, promoted the launch of the […]
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47 Crypto Firms Apply for Licenses Under New Regulations in Turkey

Turkey has become a hotspot for crypto firms eager to establish their presence, with a significant number of companies applying for licenses under new regulations. The Turkish Capital Markets Board (CMB) recently announced that 47 cryptocurrency companies have applied for licenses in response to the newly introduced regulations. Among the applicants are prominent exchanges such […]
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HSBC Australia Blocks Cryptocurrency Exchange Transactions

HSBC Australia has announced it will block customer payments to cryptocurrency exchanges starting July 24 due to concerns over customer protection. HSBC Blocks Crypto Payments In a July 24 email to customers, HSBC Australia detailed its “new safety measures,” stating: “From 24 July 2024, HSBC will block payments from bank accounts and credit cards that […]
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Crypto Policy Discussion Paper To Release Before September

India is set to unveil a discussion paper on its crypto policy by September, as announced by Economic Affairs Secretary Ajay Seth. The paper aims to gather feedback from relevant stakeholders on proposed regulations to foster the growth of the crypto market. Expanding Regulatory Scope Seth highlighted that, at present, cryptocurrencies in India are regulated […]
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