Hong Kong Crypto Exchange Hashkey to Allow Market Makers for Liquidity

Hashkey, a licensed crypto exchange in Hong Kong, has announced that it will soon allow individual and enterprise market makers to provide liquidity on its platform. To become a market maker, individuals and entities must trade at least $5 million worth of cryptocurrencies per month on the exchange. Once approved, they will sign a contract […]

Kenyan Parliament Approves Bill to Classify Cryptocurrency as Securities and Tax Capital Gains

A bill that classifies cryptocurrency assets as securities and imposes capital gains tax on them has passed a committee in the Kenyan parliament. The Capital Markets (Amendment) Bill, 2023, has been approved by the National Assembly’s Finance and National Planning Committee. The bill aims to regulate the trading of cryptocurrencies in Kenya and prevent proceeds […]

Kenyan Parliament Approves Bill to Classify Cryptocurrency as Securities and Tax Capital Gains

A bill that classifies cryptocurrency assets as securities and imposes capital gains tax on them has passed a committee in the Kenyan parliament. The Capital Markets (Amendment) Bill, 2023, has been approved by the National Assembly’s Finance and National Planning Committee. The bill aims to regulate the trading of cryptocurrencies in Kenya and prevent proceeds […]

SEC Requests Judge to Determine Crypto Assets as Securities in Terraform Labs Case

Lawyers representing the United States Securities and Exchange Commission (SEC) have requested a judge to determine whether certain crypto assets should be classified as securities in a civil case against Terraform Labs and co-founder Do Kwon. The SEC argues that this is a legal question for the court to decide, rather than a factual question […]

SEC Requests Judge to Determine Crypto Assets as Securities in Terraform Labs Case

Lawyers representing the United States Securities and Exchange Commission (SEC) have requested a judge to determine whether certain crypto assets should be classified as securities in a civil case against Terraform Labs and co-founder Do Kwon. The SEC argues that this is a legal question for the court to decide, rather than a factual question […]

Crypto.com Expands Financial Services in the UK with EMI License

Crypto.com, a Singapore-based cryptocurrency exchange, has received authorization from the UK’s Financial Conduct Authority (FCA) to operate as an electronic money institution (EMI). This means that Crypto.com can now offer a suite of UK-localized e-money products. The exchange had previously obtained regulatory approval from the FCA as a cryptoasset business, allowing it to provide products […]

Crypto.com Expands Financial Services in the UK with EMI License

Crypto.com, a Singapore-based cryptocurrency exchange, has received authorization from the UK’s Financial Conduct Authority (FCA) to operate as an electronic money institution (EMI). This means that Crypto.com can now offer a suite of UK-localized e-money products. The exchange had previously obtained regulatory approval from the FCA as a cryptoasset business, allowing it to provide products […]

Lugano Becomes First Swiss City to Accept Bitcoin and Tether for Municipal Payments

The city of Lugano in Switzerland has announced that it will now accept Bitcoin and Tether as a means of payment for taxes and other community fees. This move is part of Lugano’s Plan B, a collaborative effort with Tether to transform the city’s financial system using Bitcoin technology. Lugano residents can pay their invoices […]

Lugano Becomes First Swiss City to Accept Bitcoin and Tether for Municipal Payments

The city of Lugano in Switzerland has announced that it will now accept Bitcoin and Tether as a means of payment for taxes and other community fees. This move is part of Lugano’s Plan B, a collaborative effort with Tether to transform the city’s financial system using Bitcoin technology. Lugano residents can pay their invoices […]

Brazil’s Largest Bank, Itau Unibanco, Launches Cryptocurrency Trading Service

Itau Unibanco, Brazil’s largest bank, has entered the digital asset exchange market by launching a cryptocurrency trading service for its investment platform clients. The initial offering will support trading of Bitcoin and Ether, with plans to expand to other crypto assets in the future. The bank’s expansion will depend on the evolution of crypto regulation […]