Taiwan Mobile, the second-largest telecom operator in Taiwan, has taken a bold step by applying for a license to operate as a Virtual Asset Service Provider (VASP). The company’s General Manager, Lin Zhichen, has been named as the person in charge, solidifying Taiwan Mobile’s position in the crypto market. This move signifies the company’s commitment
Exchanges
Recently, crypto exchange KuCoin made an announcement that they would be implementing a 7.5% value-added tax on trading fees for their Nigerian users starting on July 8th. This news has sparked discussion and debate within the crypto community in Nigeria and beyond. The decision by KuCoin to collect a VAT on trading fees has raised
Binance.US, the American subsidiary of the world’s largest cryptocurrency exchange, Binance, is gearing up for the next phase of its legal battle with the Securities and Exchange Commission (SEC). In a statement released on July 1st, the company expressed its readiness to proceed with the case after the Court’s decision to allow the SEC’s allegations
Sony Group, a prominent conglomerate in Japan, has recently announced its acquisition of Amber Japan’s WhaleFin exchange, which will now be known as S.BLOX Co. The company plans to revolutionize the user interface of WhaleFin and launch a new app to enhance the user experience. Additionally, Sony intends to widen the scope of supported currencies
Jesse Powell, the founder of Kraken, made headlines when he announced a $1 million donation, mainly in Ethereum, to support former US President Donald Trump’s re-election bid. Powell’s main reasoning behind this donation was to help the US maintain its leadership in blockchain technology. He emphasized the importance of supporting the only pro-crypto major party
A recent development in the case of FTX, a cryptocurrency exchange that collapsed in November 2022, is the approval granted by a US bankruptcy court to solicit votes on a liquidation plan. This plan involves paying customer claims in cash, based on crypto prices at the time of FTX’s collapse. Despite objections from some customers
Recently, a federal judge in California expressed his inclination to allow the US Securities and Exchange Commission’s lawsuit against Kraken to proceed. This decision has raised uncertainties about Kraken’s efforts to have the case dismissed. Judge William Orrick hinted that he was leaning towards denying Kraken’s request as he listened to the exchange’s oral arguments.
Binance, the leading cryptocurrency exchange globally, is presently facing a barrage of regulatory challenges across various jurisdictions, including India, Canada, and the United States. The most recent setback for Binance came on June 19 when India’s Financial Intelligence Unit (FIU) levied a hefty fine of 188.2 million Indian Rupees (around $2.2 million) against the exchange
One of the key aspects of traveling with cryptocurrency is safeguarding your digital wallet. This involves implementing time-tested strategies to ensure the security of your funds. It is crucial to be proactive in protecting your digital assets while on the move. When accessing your crypto accounts while traveling, it is essential to prioritize secure internet
A recent development in the legal saga involving Binance executives in Nigeria has seen a federal high court dismissing a human rights lawsuit filed by Nadeem Anjarwalla, one of the executives, against the National Security Adviser and the Economic and Financial Crimes Commission. The case was dismissed by Justice Inyang Ekwo on June 19, citing