Regulation

The Indian government is gearing up to implement comprehensive regulations for the crypto sector, signaling a significant shift in its approach. Reports from local media outlets suggest that the first step in this process will involve releasing a consultation paper to gather feedback from stakeholders. This initiative underscores the government’s dedication to establishing a regulatory
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German authorities recently confiscated $28 million in cash and 13 crypto ATMs in a nationwide operation aimed at curbing unlicensed activities within the country’s rapidly expanding crypto market. Spearheaded by the Federal Financial Supervisory Authority (BaFin), the crackdown underscores Germany’s commitment to mitigating the risks associated with unregulated financial activities, especially those involving digital assets.
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The Nigerian Federal Inland Revenue Service (FIRS) is gearing up to introduce new legislation to tax the rapidly growing cryptocurrency sector in the country. This move is seen as a significant step towards modernizing Nigeria’s regulatory framework and fostering economic growth through innovation. FIRS Executive Chairman Zacch Adedeji recently made the announcement during a session
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The Securities and Exchange Commission of Thailand (SEC Thailand) recently announced the launch of a Digital Asset Regulatory Sandbox, signaling a new era of support for the testing and development of services related to digital assets. This initiative is designed to create a structured environment where businesses can explore innovative solutions within a regulated framework.
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OKX CEO, Star Xu, recently issued a warning to users about the risks associated with interacting with the sanctioned crypto mixer, Tornado Cash. He emphasized that deposits from sanctioned entities such as Garantex and Tornado Cash, or withdrawals to these entities, could trigger compliance risks and ultimately lead to account suspension. Xu reiterated that OKX
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There is speculation that Bitcoin exchange-traded funds (ETFs) in the US may soon include options features, with the potential for such additions to come as early as the third quarter or in the fourth quarter of this year. Bloomberg ETF analyst James Seyffart has mentioned that the final decision from the US Securities and Exchange
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