The Nigerian Securities and Exchange Commission (SEC) issued a notice on July 28, declaring that the activities of crypto exchange Binance are illegal in the country and ordering all crypto platform providers to cease soliciting investors from Nigeria.
Despite the Hong Kong government making efforts to establish the territory as a crypto hub, local crypto companies are having difficulty in securing corporate bank accounts.
Australia’s financial regulator has taken legal action against eToro.
Binance has achieved another step in its efforts to reinforce regulatory ties with the United Arab Emirates.
The IRS has recently released a draft supplement to their rules which requires that any rewards gained from staking coins in Proof-of-Stake networks be counted as taxable income.
Due to a rapid rise in US public debt, Mike Novogratz, CEO of Galaxy Digital, believes that purchasing Bitcoins is a form of capital protection.
Michael Saylor, CEO of MicroStrategy, has recently expressed his conviction that major banks are beginning to acknowledge the huge potential of Bitcoin.
