Author: CryptooTimes
The Inland Revenue Board (IRB) of Malaysia has initiated a special operation named “Ops Token” to tackle crypto tax evasion and enhance overall tax administration in the country. IRB Malaysia wages war against crypto tax evasion According to sources, the Inland Revenue Board (IRB) of Malaysia has joined forces with the Royal Malaysia Police and CyberSecurity Malaysia (CSM) to launch an operation involving 38 personnel across 10 locations in the Klang Valley. Per reports, the value of cryptocurrency transactions in Malaysia this year is estimated at RM1.441 trillion ($340 billion). During the “Ops Token” operation, the IRB accessed cryptocurrency trading…
The need for the U.S to implement dollar-backed stablecoins “couldn’t be timelier” as China continues to come up with its own solutions, former House speaker Paul D. Ryan stressed. Source link
Bloomberg report says the company will have an increased focus on tokenization. Source link
Venezuelan political critics and activists have alleged that President Nicolás Maduro and his government are seeking ways to circumnavigate international sanctions, with crypto transactions being one of the methods they plan to use. Maduro failed to honor a free and fair election agreement scheduled for July. The disagreement led to the U.S. reinstating gold and oil sanctions imposed on some members of the Venezuelan government in late May. Chainalysis’ head of national security Andrew Fierman told Bloomberg that some regimes subject to sanctions try to evade them with crypto. Members of U.S. Congress expressed similar concerns in 2022 over whether…
The SEC argued Ripple’s proposed lower civil penalty wouldn’t be enough, and there’s no comparison to its settlement with Terraform Labs. Source link
The notes will be unsecured, senior obligations of MicroStrategy, and interest will be paid semi-annually in arrears on June 15 and December 15 of each year, beginning on December 15, 2024. The offering is subject to market conditions, and there is no guarantee about when or on what terms it may be completed. Subject to certain conditions, the company may redeem for cash all or a portion of the notes on or after June 20, 2029. Source link
BlackRock’s chief investment officer for ETF and index investments, Samara Cohen, has hinted that financial advisors remain “wary” of adopting spot Bitcoin (BTC) exchange-traded funds (ETFs) despite the success recorded by the investment vehicle. Despite attracting over $50 billion in investments since going live in January 2024, Bitcoin ETFs still face a sluggish uptake among financial advisors. According to Cohen, approximately 80% of Bitcoin ETF purchases originate from self-directed investors who have made their own allocation through an online brokerage account. Cohen has highlighted that financial advisors remain cautious of joining the spot Bitcoin ETF bandwagon due to their fiduciary…
The billionaire investor also intimated that any political aspirations Gensler had would amount to nothing due to the SEC chairman’s stance against cryptocurrency Source link
“Within that drafting slot, there are various reforms and each has a different priority to the payments reforms, which would include our proposed framework for regulating stablecoins sit within that same slot, and they’ll be sort of done one after the other. Given that overlap, reps (representatives) are hoping that both of them will be released at the same time.” Source link
This week marked a significant downturn for the non-fungible token (NFT) market, which saw sales drop by almost 16% off the back of a 17% surge in the previous week. Per CryptoSlam, total sales hit $121.7 million, with more than 519,000 buyers and sellers actively trading. Blockchain NFT sales breakdown Blockchains by NFT sales volume | Source: CryptoSlam The Ethereum (ETH) network led the charge with $39.28 million in sales, a notable 14.48% increase from the previous week. This surge was accompanied by a marked increase in the number of active buyers on Ethereum’s NFT space, with the number going…
