India’s Supreme Court Criticizes Lack of Crypto Regulation
India’s Supreme Court on July 27 criticized the government for delaying the development of a regulatory framework for digital assets in the country.
Brazil Wants to Introduce Higher Taxes on Crypto
Legislators in Brazil are progressing with a legislative initiative aimed at heightening taxes on cryptocurrencies held abroad. Reports from the region indicate that a congressional committee has given the green light to amendments within a bill that designates cryptocurrencies as “financial assets” for tax purposes concerning foreign investments. Furthermore, the proposed bill places taxation on gains linked to fluctuations in […]
A US Court Overturns SEC’s Decision on SPIKES Futures
The US Court of Appeals for the District of Columbia has recently overturned an SEC ruling that would have treated instruments on the SPIKES index as futures instead of as securities futures.
Former FTX CEO Sam Bankman-Fried is Sent to Jail Pending Trial
FTX founder Sam Bankman-Freed has had his bail revoked by a federal judge and has been placed in custody until the next hearing.
Argentina is Reportedly Investigating Crypto Project Worldcoin
Argentina has announced the initiation of an investigation by a government information agency into the Worldcoin Foundation.
White Hat Hacker Retrieves $5.4M for Curve Finance
An ethical hacker seized on July 30 almost 3,000 ETH, worth approximately $5.4 million, from a malicious hacker exploiting the recent hack of the decentralized finance (DeFi) protocol Curve Finance.
Peru Introduces Mandatory Registration of Crypto Exchanges
Peru has recently signed a decree that will be part of its anti-money laundering regulations, which require companies that provide virtual currency storage and exchange services to report user transaction information to the Financial Intelligence Unit.
