Reportedly, Moneygram has suspended utilizing Ripple’s platform. The announcement was a result of US Securities and Exchange Commission’s (SEC) lawsuit against Ripple Labs and its officials. Preceding year, Moneygram International earned $50.2 million for using the Ripple platform. However, this year it announced that it had suspended trading on the platform following the lawsuit against…
Fresh guidelines regarding crypto tax have been published by Spain’s Federal Tax Authority, SATA – (i.e. State Agency for Tax Administration). The purpose of the issuance of guidelines is to seek a prominent increase in the number of crypto taxpayers while reducing the instances of tax avoidance. Spanish Government says that the initiative is an…
Fraudster who embezzled around $20 million from investors has been sentenced for six months in jail. Jerry JiGuo defrauding investors by offering them fake initial-coin offering scheme according to press release by US. Department-of-Justice. Guo misrepresented himself as a crypto consultant and used to pitch them fraudulent initial coin offering. Additionally, he used to offer…
U.S Treasury drafted a new rule to regulate, prevent crimes and protect national security. However, certain cryptocurrency groups are referring to it as infringement of privacy rights. U.S Treasury recently planned a new rule, which shall help the department in finding out illegal crypto transactions and trades. This new rule has kindled a new fire…
The cryptocurrency industry has been covering a lot of ground in the Asian continent. At present, there are many countries from Asia that have adopted crypto-blockchain technology. One of the most prominent countries adopting crypto-blockchain is India. Although the crypto-industry has faced a lot of ups and downs in India over the past couple of…
Monex is Japan’s one of the mega financial services which had been headed by Oki Matsumoto as its Chief Executive Officer. In a press statement issued on Thursday, Monex’s CEO had stated that the financial service company would welcome Japan’s CBDC. He stated this when he learned that the Japanese Government had shown its willingness…
Many had thought that the US Presidential Elections will adversely affect the growth of cryptocurrencies. Some had even believed that if new administration would come, then for quite some time, no one will bother about cryptocurrencies. Yet both these predictions turned out to be totally wrong. Firstly, pre and post-election trauma had not impacted the…