Cryptocurrency
Cryptocurrency
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DeCurret Plans to Launch the Japanese Yen-Backed Digital Currency DCJPY by July 2024
In its November 2021 white paper, DeCurret proposed a method to realise the digital currency DCJPY. The method is now verified and ready for use
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U.S. Senators Urge Treasury & IRS To Enact Crypto Tax Reporting Rules Before 2026
The proposed regulation by the Treasury Department and the IRS aims to regulate the vast and complex world of crypto trading and tax reporting
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Zimbabwe Officially Adopts Gold-backed Digital Token 'ZiG' as Legal Tender
According to the announcement, RBZ has hired the services of external auditors to validate the availability and adequacy of gold to back ZiG at any given time.
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China Daily and Ant Group Launch NFT Platform to Advance Web3 Space in China
Interested contractors must submit their applications by October 17 and design the platform within three months
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Cyprus To Strengthen Crypto Regulations in Line with FATF Standards
If CSPs fail to register with relevant authorities, they can be penalised with fines up to €350,000 and imprisonment up to 5 years or both
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Brazil's Regulatory Authority CVM Plans to Launch Tokenization Program Sandbox in 2024
This initiative follows the positive experiences from CVM's pilot tokenization program, where they successfully tokenized assets worth $36 million
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Local Web3 Leaders Launch 'Crypto Aid Israel' to Provide Humanitarian Aid
The funds raised by Crypto Aid Israel will be donated to Israeli nonprofits providing aid to families impacted by the conflict
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CFPB Considers Applying EFT Law to Crypto for Consumer Protection
On Oct 9, Brookings hosted a payments conference to examine America's payment system, including crypto, stablecoins, CBDCs, etc
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Volcano Energy and Luxor Launch El Salvador's First Renewable Energy Powered Bitcoin Mining Pool
The collaboration supports El Salvador's efforts to integrate Bitcoin into its energy infrastructure, harnessing renewable resources to boost economic projects
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Taiwan to Draft Crypto Law to Address Regulatory Concerns
Taiwan has mandated AML compliance for virtual asset service providers since July 2021, but the rest of the crypto industry remains unregulated
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Hong Kong Stock Exchange to Launch 'Synapse', a Smart Contract Powered Settlement Solution
On October 4, HKEX announced its upcoming launch of a blockchain powered settlement solution, which has been in development for three years