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 […]

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 […]

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 […]

Kenyan Parliament Approves Bill to Regulate Crypto Assets and Impose Capital Gains Tax

A bill has been approved by the National Assembly’s Finance and National Planning Committee in Kenya, which defines crypto assets as securities and imposes capital gains tax on them. The bill aims to regulate the trading of cryptocurrencies in the country and prevent proceeds of crime and terrorism financing. If passed, Kenyans will be required […]

Kenyan Parliament Approves Bill to Regulate Crypto Assets and Impose Capital Gains Tax

A bill has been approved by the National Assembly’s Finance and National Planning Committee in Kenya, which defines crypto assets as securities and imposes capital gains tax on them. The bill aims to regulate the trading of cryptocurrencies in the country and prevent proceeds of crime and terrorism financing. If passed, Kenyans will be required […]

Singapore’s DigiFT Becomes First Regulated Public Blockchain Exchange for Asset Tokenization

Singapore-based digital assets exchange DigiFT has become the first regulated public blockchain exchange for asset tokenization in the country. The exchange has received a Capital Market Services (CMS) license and has been recognized as a Recognized Market Operator (RMO) by the Monetary Authority of Singapore. This license allows DigiFT to handle regulated activities involving securities […]