Nevada Regulator Asks Court to Ban Prime Trust from Any Business Operations
The Nevada Department of Business and Industry has filed a petition with the court to prevent Prime Trust’s crypto custodian from engaging in further business operations.
Japan Eases Tax Burden on Token Issuers
Token issuers in Japan are exempt from paying 30% tax on unrealized profits from issued and held coins after clarification of the relevant law by the National Tax Agency.
Uzbekistan Issues its First License for Crypto Depository
The National Agency for Advanced Projects of Uzbekistan (NAPP) issued on June 21 the first license to Lockton Hub crypto depository.
MakerDAO Reduces USDC Collateral
On March 13, MakerDAO’s DAO protocol experienced an all-time high, with nearly 4.4 billion USD Coin (USDC) locked in PSM mechanisms.
Binance.US Unblocks Withdrawals
Binance.US has released a statement informing clients that USD withdrawal orders may be stopped in the near future.
Former CFTC Chief Says SEC’s Action Against Coinbase Was Intentional
Former CFTC Chairman Christopher Giancarlo has stated that the SEC’s decision to file charges against Coinbase just hours before the exchange’s Chief Legal Officer Paul Grewal testified before Congress was “deliberate.”
ProShares’s Bitcoin ETF Weekly Flow Reaches a Yearly High
Over the past week, the ProShares Bitcoin Strategy (BITO) fund has seen cumulative inflows of $65.3 million – its highest value since the beginning of the year.
