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Brazil to Revise Cryptocurrency Taxation Guidelines

Brazil is on the brink of unveiling a new proposal for cryptocurrency taxation in a forthcoming bill to be presented to the National Congress in the coming days. This bill suggests taxing cryptocurrencies in a manner akin to shares and capital instruments with fluctuating exchange rates, rather than classifying them as goods. Brazil Prepares to […]
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Crypto.com Enters South Korean Crypto Market with App Launch

Crypto.com is making its mark in the South Korean crypto market with the launch of its trading app. An executive from the company expressed excitement, stating, “We spent significant time and resources tailoring our offering for this market and are honored to be the first and largest global cryptocurrency exchange to launch in South Korea.” […]
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France’s AMF Warns Against Unauthorized Digital Asset Services Offered by BITGET

The Autorité des Marchés Financiers (AMF) in France has issued a warning about BITGET, noting it offers digital finance services without proper authorization. The AMF updates a blacklist with entities offering unauthorized investment services in France. French Financial Regulator To Blacklist BITGET for Unauthorized Crypto Services [Mise en garde] L’AMF rappelle au public que la […]
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Deribit Chooses Dubai for Global HQ Following Conditional Licensing by VARA

Deribit, the largest crypto options trading platform globally, announced on Tuesday that its Dubai branch has received a provisional license for virtual asset services from the Virtual Asset Regulatory Authority (VARA). This license covers trading in both spot and derivatives markets but is yet to be activated. Deribit needs to meet further conditions and localization […]
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Ukraine Funds Terrorists with Cryptocurrency, Russia Claims

Cryptocurrency and Geopolitical Tensions: The Moscow Concert Hall Attack In a surprising twist to the ongoing geopolitical conflicts, Russia’s investigative agency has levied serious allegations against Ukrainian nationalists, accusing them of funding a terror attack on Moscow’s Crocus City Hall through cryptocurrency. This incident marks a new chapter in the use of digital currencies in […]
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Coinbase SEC Lawsuit Advances After Judge Denies Dismissal

On March 27, Judge Katherine Polk Failla of the US District Court for the Southern District of New York decided the legal battle between the US Securities and Exchange Commission (SEC) and Coinbase can move forward. The judge’s verdict was delivered following Coinbase’s attempt to have the SEC’s lawsuit dismissed. This lawsuit claims the exchange […]
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Crypto Mining Legalization Under Review by Russian Government Authorities

Russian government agencies might be getting ready to officially recognize the practice of large-scale cryptocurrency mining. Yet, there’s still potential for a significant obstacle from a key government body. For a long time, miners have been requesting that Moscow formally acknowledge mining as a legitimate business activity. This month, they have proposed a new law […]
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UAE Unveils Strategy for CBDC Implementation

The United Arab Emirates (UAE) is gearing up to introduce a central bank digital currency (CBDC) for both retail and wholesale transactions, as announced by the Central Bank of UAE (CBUAE) on Saturday. The national bank commenced its digital dirham implementation plan during a signing event on March 23, partnering with R3 and G42 Cloud […]
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Ripple’s CTO Urges Caution: Know AMM Risks Before Depositing!

Story Highlights Ripple’s technical lead alerts users to the risks of Automated Market Maker (AMM) deposits, advising caution. It’s recommended that users equally fund both assets in AMMs for a safer investment strategy. Schwartz discusses how trading issues arise when AMM liquidity doesn’t match deposit amounts. Ripple’s digital currency, XRP, is introducing an exciting development: […]
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