The cryptocurrency lending platform Celsius Network has announced its plan to unstake its Ethereum holdings as part of its asset preparation process. The move is aimed at unlocking ETH to ensure timely distributions to creditors. Celsius has benefited from the rewards generated by staking its substantial Ethereum holdings, which have helped cover legal fees during […]
Celsius Network, a cryptocurrency lender, has announced plans to unstake its Ethereum (ETH) holdings in order to distribute assets to creditors. The company will carry out a significant unstaking event in the coming days to offset costs incurred during the restructuring process. This move comes after Celsius Network faced a liquidity crisis in July 2022, […]
Japan has announced a groundbreaking tax exemption for token issuers, signaling its commitment to fostering innovation and attracting investment in the digital asset space. The National Tax Agency of Japan has revised the corporate tax rules, exempting crypto token issuers from paying corporate tax on unrealized gains associated with their token holdings. This exemption is […]
The decentralized finance (DeFi) sector has been hit by a potential security exploit, raising concerns among investors. Gamma Strategies, an Ethereum-based asset management protocol, has experienced an anomaly that could result in a significant loss of Ether, prompting questions about the protocol’s security. PeckShield, a blockchain security firm, discovered a $469,000 anomaly linked to Gamma, […]
A prominent figure in the cryptocurrency community, Deaton, is calling for a Congressional subpoena of SEC Chairman Gensler due to alleged non-compliance. Deaton has taken to the X platform to express his concerns and has urged public figures such as Elizabeth Warren and Senator Sherrod Brown to fulfill their oversight responsibilities.Deaton’s criticism of Gensler’s stance […]
South Korea’s financial regulator, the Financial Services Commission (FSC), has proposed a ban on using credit cards to purchase cryptocurrency. The FSC cited concerns over illegal capital outflows and anti-money laundering risks as the reasons behind the proposed ban. If implemented, this rule would prevent consumers from using credit cards to buy digital assets from […]
South Korea’s financial regulator, the Financial Services Commission (FSC), has proposed a ban on using credit cards to purchase cryptocurrency. The FSC cited concerns over illegal capital outflows and anti-money laundering risks as the reasons behind the proposed ban. If implemented, this rule would prevent consumers from using credit cards to buy digital assets from […]
The head financial regulator in South Korea is proposing a new amendment to the credit financing regulations that would make it illegal for residents to use credit cards to purchase cryptocurrencies. The Financial Services Commission (FSC) is concerned about potential money laundering and illicit outflows associated with South Korean nationals buying crypto from foreign exchanges. […]
The Financial Services Commission (FSC) in South Korea has proposed a ban on citizens purchasing cryptocurrencies using credit cards. The FSC aims to limit crypto trading on foreign exchanges and address concerns over illegal outflows of domestic funds, money laundering, speculation, and encouraging speculative activities. The proposed amendment seeks to restrict local crypto traders from […]
South Korea’s Financial Services Commission (FSC) is proposing changes to the country’s credit finance laws that would prohibit local citizens from using credit cards to purchase cryptocurrency. The FSC expressed concerns about potential illegal outflows and money laundering associated with South Korean citizens buying cryptocurrency from foreign exchanges.The current laws in South Korea only allow […]
