Key Takeaways The Virginia Senate passed a significant bill aimed at advancing the understanding and utilization of blockchain technology and cryptocurrencies within the state. Senate Bill No. 339, introduced on Feb. 5, proposed the creation of a dedicated workgroup tasked…
Key Takeaways The Fantom Foundation is making headlines as it takes decisive legal action against the Multichain Foundation, aiming to recoup a staggering $122 million lost in an exploit that shook the cryptocurrency world in July 2023. This exploit, which…
Key Takeaways The Wall Street Journal is facing legal action in the form of a defamation lawsuit filed by Christopher Harborne, the owner of AML Global Ltd., a Thai-based aviation fuel broker. Harborne alleges that an article published by the…
Key Takeaways Indonesia’s Commodity Futures Trading Regulatory Agency (Bappebti) is pushing for a reconsideration of the country’s cryptocurrency taxation policies. Currently, Indonesia levies a 0.11% value-added tax (VAT) on each crypto transaction and imposes a 0.1% income tax on capital…
Key Takeaways The Crypto Council for Innovation (CCI) has raised significant concerns regarding proposed stablecoin regulations in Hong Kong, outlined in a consultation paper by the Hong Kong Monetary Authority (HKMA) and the Financial Services and the Treasury Bureau (FSTB).…
Key Takeaways A group of state attorneys general has challenged the U.S. Securities and Exchange Commission (SEC) over its lawsuit against crypto exchange Kraken, contending that the SEC overstepped its jurisdiction. The state AGs argued that the SEC’s legal action…
Key Takeaways The U.S. House Financial Services Committee took a significant step by voting in favor of a resolution aimed at scrapping the Securities and Exchange Commission’s Staff Accounting Bulletin 121 (SAB 121). This resolution, known as H.J. Res. 109,…
Key Takeaways The Australian Taxation Office (ATO) has clarified its position on the capital gains tax (CGT) treatment of decentralized finance (DeFi) and the wrapping of crypto tokens, emphasizing its commitment to taxing Australians on capital gains during the wrapping…
Key Takeaways Marathon Digital, a prominent Bitcoin miner, experienced a surge in revenues in 2023, marking a significant shift to profitability. However, the company’s stock witnessed a decline following the release of its fourth-quarter revenue report. According to FactSet data,…
Key Takeaways Gemini, the crypto exchange founded by Cameron and Tyler Winklevoss, has struck a major deal to reimburse over $1.1 billion to its Earn customers through the bankruptcy proceedings of Genesis Global Capital. This agreement follows Genesis’ default on…
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