Category: Crypto

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FIU Steps Up AML and CFT Compliance for Crypto Exchanges in India

Indian authorities are actively working to bring all cryptocurrency exchanges operating in India under stringent Anti-Money Laundering (AML) and Countering Financing of Terrorism (CFT) guidelines to enhance compliance and oversight in the burgeoning digital asset market. The Indian government’s Financial Intelligence Unit (FIU) has recently granted Binance and KuCoin, two major offshore cryptocurrency exchanges, the […]
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Metaplanet Chooses Bitcoin as a Reserve Asset Amid Japan’s Increasing Debt

The decision aligns with Japan’s yen facing pressures due to the country’s fiscal challenges. Metaplanet integrates bitcoin into its reserve assets to mitigate risks associated with Japan’s increasing debt levels and yen instability. With Japan’s debt-to-GDP ratio surpassing 250%, it leads among developed nations in debt burden, according to IMF data. Tokyo-based investment firm Metaplanet […]
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BlockFi and Coinbase Collaborate on Fund Distribution, Web Platform to Shut Down

The plan administrator will persist in utilizing Coinbase for future distribution phases, potentially including funds recouped from FTX. The bankrupt cryptocurrency lender BlockFi is finalizing its operations shutdown, with plans to discontinue its web platform in May. BlockFi has formed a partnership with Coinbase to facilitate client fund access and withdrawals. In a recent blog […]
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BitMEX Launches Options Trading, Aims to Rival Deribit’s Market Share

The latest offering from BitMEX was developed in partnership with PowerTrade, a platform focused on crypto options. This addition is designed to help traders capitalize on market volatility, hedge against risks, and facilitate price discovery through straightforward and standard options. In a separate move, BitMEX has increased the leverage for bitcoin perpetual swaps to 250x […]
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Australian Tax Office Requests Data on Over a Million Cryptocurrency Users

The Australian Tax Office (ATO) has reportedly requested cryptocurrency exchanges to provide personal and transactional details for around 1.2 million cryptocurrency users. While acknowledging that some users might not be aware of their tax responsibilities, the ATO emphasized that others might be deliberately avoiding their tax duties. ATO Focuses on Compliance from 1.2 Million Crypto […]
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Robinhood Faces Potential SEC Lawsuit Over Cryptocurrency Practices

Retail brokerage receives ‘Wells notice’ after prolonged efforts to gain regulatory clarity Robinhood has indicated a potential legal challenge from the U.S. Securities and Exchange Commission concerning its cryptocurrency operations, highlighting the ongoing U.S. regulatory scrutiny on digital currencies. The company reported in a recent filing that over the last weekend, its crypto division received […]
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Vodafone to Incorporate Crypto Wallets in SIM Cards for Blockchain Adoption

Vodafone, a leading telecommunications company in the UK, is considering embedding cryptocurrency wallets directly into mobile phone SIM cards. In an interview with Yahoo Finance Future Focus, David Palmer, the Chief Product Officer (CPO) of Pairpoint by Vodafone, shared insights into the company’s strategy to drive blockchain adoption for managing crypto transactions on mobile devices. […]
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