Japan’s FSA to revise crypto regulations: potential tax cuts, reclassification of digital assets as financial instruments, and lifting the ban on crypto ETFs. Big changes in 2024, including eliminating corporate tax on unrealized crypto profits. $FSA #Update
Shiba Inu’s ‘Shib The Metaverse’ is launching on Sept 29! ? Aiming to unite the SHIB community, it explores zkKYC and fiat top-ups. Despite a 6% price dip, long-term optimism remains. $SHIB #CryptoNews #Update
@CryptoWallet suspends UK operations to comply with FCA regulations. UK users can withdraw assets without fees. Service provider change in May 2024 aims to enhance compliance. Wallet remains independent from Telegram.
zkLink launches magicLinks, integrating Web3 with Telegram, simplifying multi-blockchain transactions with Nova Smart Account. Supporting ERC-7683 and ERC-4337, this innovation aims to drive broader blockchain adoption. Total value locked in zkLink Nova’s network exceeds $1 billion.
@Smolbound secures $6M seed funding led by @BitkraftVC to develop a Web3-based game on Treasure Blockchain. The game, currently in closed beta, aims for release next year with potential NFT integration to boost user engagement.
Swedish authorities intensify regulation of crypto firms identified as aiding organized crime. FIU reports highlight heavy use by illegal businesses. Increased law enforcement and monitoring of suspicious transactions urged. $BTC miners previously accused of evading $90M in taxes.
Top U.S. financial advisors’ personal cryptocurrency holdings have surged from 10-20% to 70% in two years, says Bitwise CIO Matt Hougan. Despite brokerage limitations on Bitcoin ETFs, favorable market conditions may drive broader crypto adoption.
New York’s William Koo Ichioka fined $36M for cryptocurrency fraud. He misused client funds on luxury expenses and is banned from trading on CFTC-regulated markets. This highlights the need for stronger investor protections in crypto.
Franklin Templeton to launch an on-chain mutual fund on $SOL while @Citi explores Solana for money transfers and smart contracts, signaling blockchain’s growing role in finance.
CertiK Ventures invests $45M to enhance Web3 security. The initiative aims to support high-potential projects, leveraging CertiK’s blockchain security expertise and partnerships with major networks like @Ripple and @Binance.
Louisiana accepts its first cryptocurrency payment for state services using $LBTC. Residents can now pay with $BTC, $USDC, and $LBTC. @BeadPay converts crypto to USD, enhancing security and reducing fraud. First transaction by the Wildlife and Fisheries Department.
German regulators shut down 47 cryptocurrency exchanges for money laundering. Authorities collected user and transaction data to aid cybercrime investigations. The crackdown aims to reinforce market legitimacy and prevent misuse, highlighting the importance of AML and KYC compliance.
Bitget achieves 45M users in six years, ranking among the top 4 crypto exchanges by trading volume. Significant growth in 2024: Africa (1614%), South Asia (729%), and Southeast Asia (216%). Expanded token offerings and strong social responsibility programs.
Merge Madrid Web3 Conference, Oct 8-10, aims to unite Europe and Latin America, featuring 200+ speakers from companies like @Adidas, @Mastercard, and @Ripple. Highlights include an AI vs. DJ duel and discussions on Web3 payments and blockchain.
