Polymarket’s popularity raises fears of corruption and undue election influence. Lawmakers urge CFTC to ban election betting, citing democracy trust concerns. Senators stress elections shouldn’t be influenced by wealthy individuals’ bets. Polymarket, a predictions market […]
India demands $86 million in unpaid GST from crypto exchange Binance. Indian law requires 1% TDS on crypto transactions and 30% tax on profits. Binance plans to resume operations in India after being banned in […]
Russia to legalize cryptocurrencies for international settlements by September 1. Digital ruble to launch for widespread use by July 2025 after pilot tests. The new measures aim to ease transaction difficulties due to international sanctions. […]
Wisconsin DFI launches tracker to combat crypto and investment fraud. Nearly $3.55M was lost to fraud in Wisconsin from Jan 2022 to June 2024. Tracker updates regularly and it is searchable by the name DFI […]
SEC retracts request to classify ADA, MATIC, and SOL as securities in Binance suit. Affected tokens include ADA, MATIC, SOL, BNB, BUSD, and others. The shift in SEC’s stance follows increased pro-crypto political support in […]
CB Payments Limited (CBPL) a subsidiary the Coinbase Group fined $4.5 million by FCA for onboarding high-risk customers. Breaches occurred despite a 2020 agreement to halt onboarding high-risk customers. This is FCA’s first action under […]
io halts Japanese operations due to FSA regulatory compliance demands. The exchange will assist Japanese customers in migrating to compliant exchanges. io’s shutdown timing in Japan remains unspecified as it removes Japanese content. Gate.io, a […]
The UAE Central Bank approved a framework for stablecoin regulation which allows only dirham-backed stablecoins to be used for payments. Cryptocurrency like Bitcoin and Ethereum will be restricted to trading, investment, and corporate treasury purposes […]
SEC mandates final S-1 filings for Ether ETFs by July 16, launch set for July 23. Invesco, Galaxy set fees at 0.25%; VanEck, Franklin Templeton at 0.20% and 0.19% respectively. Analysts predict Ether ETFs could […]
US House voted 228-184 in favor of overriding President Joe Biden’s veto of H.J.Res. 109 on SAB 121. The vote however fell short of required two-thirds majority. The US House of Representatives has failed to […]
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