In addition to the UK government’s plans on stablecoin regulation, the Authority would adapt existing laws on electronic money.
The Luna Foundation Guard saw its Bitcoin reserves take a massive hit following the UST stablecoin’s price plunge.
The RBI’s concerns mostly revolve around money laundering and crypto-sponsored terrorism.
According to Bankman-Fried, Bitcoin is very inefficient and has a high environmental cost which undermines its status as a payment network.
Per the Australian Taxation Office, if people disposed of cryptocurrency assets within this financial year, they would have to calculate their capital gain or capital loss and report it in their tax return.
The GFOF UCITS ETF will track the performance of the companies that are at the intersection of technology, finance, and digital assets.
The firm plans to establish an overseas entity that will be in charge of Issuing, managing, and investing the company’s own tokens, a move that suggests it now wants to adopt a robust game economy.
According to Dustin Teander, an analyst at digital asset data platform Messari, USDD is mechanistically similar to UST in terms of minting and price stability.
Nayib Bukele has revealed that representatives from several countries will meet in El Salvador on Monday for discussions on Bitcoin adoption.
Binance CEO CZ says that there’s open to working with the Terra community but demanded more transparency on the recent events. “Minting, forking, don’t create value. Buying back, burning does, but requires funds,” he added.
Goldman Sachs’ digital asset head Matthew McDermott noted that the company is expanding its presence in tune with the rise in institutional demand for crypto.
Ethereum miners and mining pools continue to mint money despite strong price corrections. The Ethereum (ETH) hashrate has surged to new highs at the block height of 14,770,231.
Despite giving in to customers’ demands by starting to trade crypto, Nomura is consciously staying away from spot markets.
Just as US stocks shrink, Asia companies are also recording significant losses as Bitcoin, and other major cryptocurrencies face declines.
Even though details of the acquisition were not disclosed, it is reported that Icy Tools will keep its platform functionality intact.