UK authorities have updated their crypto tax guidance to include provisions for staking and decentralized finance (DeFi). In a new statement from Her Majesty’s Revenue and Customs – the UK’s main tax agency – the government body says that crypto investors have to determine whether their returns fall under “income” or “capital.” More specifically, HMRC […]

The post UK Tax Regulator Updates Guidance on Staking and DeFi Lending appeared first on Coin Bureau.

The Financial Sector Conduct Authority (FSCA) has warned the investing public to be cautious when trading on the cryptocurrency platforms FTX and Bybit. The FSCA alleges that neither entity has been licensed to trade in Contracts for Difference (CFD) or to provide financial advisory and intermediary services in South Africa. FTX Not Authorized to Give […]

Crypto exchange FTX is acquiring Japan’s Liquid Group and its operating subsidiaries to bolster up its Asia expansion. The acquisition comes less than 48 hours after FTX raised $400 million at a $32 billion valuation in the latest Series C funding round. According to an official press release, the acquisition deal includes Quoine Corporation and its Singapore subsidiary. In 2017, Quoine was one of the first cryptocurrency exchanges to register with Japan’s Financial Services Agency, the country’s top financial regulator. Liquid said the deal with FTX is set to conclude by the end of March 2022 subject to regulatory and shareholder approval. Once the acquisition is completed, Quoine will gradually start integrating FTX’s products and services into its own platform and thereafter serve all of FTX’s Japanese clients. “Following FTX’s acquisition of Liquid, Quoine will gradually integrate FTX’s products and services into its own offering, and FTX’s existing Japanese customers will be migrated to Quoine’s platform,” the announcement release reads. “In connection with this acquisition, FTX has also entered into an agreement with Liquid to provide its existing Japanese users with services in compliance with Japanese laws, and will transfer its existing Japanese users to Quoine.” Liquid-FTX Connections Founded in 2014, Liquid is one of the world’s largest crypto exchanges in daily trading volume, with nearly $72 million, according to CoinMarketCap. The platform offers both spot trading and financial derivatives. FTX is one of the leading centralized crypto exchanges with a daily trading volume above $10 billion across spot and derivatives markets, per CoinGecko. FTX is already familiar with Liquid. In August 2021, when Liquid was hacked for more than $90 million, FTX came to its rescue and provided $120 million in debt financing to help cover its losses.

The post FTX Buys Japanese Crypto Exchange Liquid Group for Asia Expansion appeared first on Cryptoknowmics-Crypto News and Media Platform.

The Diem Association has sold its intellectual property and tech assets to Silvergate Capital in a $182m deal.

The post In The Prolonged Ripple Vs SEC Lawsuit, Is XRP Price Conspired To Remain Bound to $0.5? appeared first on Coinpedia - Fintech & Cryptocurreny News Media| Crypto Guide

The crypto business’s biggest legal brawl, while finding no end in sight, continues to spectate the roaring voice of the XRP army.  While the discovery deadline finds dates to the end of the month, the business is leaving no stones unturned in standing against injustice.  Successively, the prolonging brawl is persuading folks to ponder over …

The Monetary Authority of Singapore (MAS) is fully committed to working with the asset management industry to combat greenwashing at both the fund and firm-level. Tan Keng Heng, MAS’ Executive

The post MAS to Combat Greenwashing in the Asset Management Industry appeared first on Fintech Singapore.

The Bank of Thailand (BOT) is looking to issue guidelines for virtual banks in the country in a bid to play catch-up with neighboring countries Malaysia and Singapore who have

The post Thailand Seeks to Join the Digital Bank Race in Southeast Asia appeared first on Fintech Singapore.

Indonesia’s banking industry is on the verge of a revolution as a new breed of digital banks looks to capitalize on the country’s large population of unbanked and underbanked, and

The post Indonesian Lenders Ride the Digital Banking Momentum appeared first on Fintech Singapore.

Cryptocurrency exchange FTX has announced the acquisition of Liquid, which operates a regulated Japanese exchange, Quoine. The two companies “expect to work together to provide products and liquidity to clients in the Japanese and global markets.” FTX Acquiring Liquid to Provide Services to Japanese Customers Crypto exchange FTX is entering the Japanese crypto market. FTX […]

South African regulators warn customers against exchanges such as FTX And ByBit as we can see more today in our latest cryptocurrency news today. ByBit said that the South African regulators warn users and demanded the exchange to comply with their guidance while FTX reached out to start a dialog. The Financial Sector Conduct Authority […]

Bitcoin Latinum, a Palo-Alto, California-based cryptocurrency, and Kevin Jonna of San Diego, California, have been named in a civil lawsuit filed on February 1, 2022 alleging securities fraud, wire fraud, and fraudulent conversion of investment funds.  The lawsuit, filed in federal court in Detroit, Michigan, alleges that Bitcoin Latinum and Kevin Jonna offered and sold … Continue reading "Bitcoin Latinum Named in Civil Lawsuit Alleging Securities Fraud, Wire Fraud, and Fraudulent Conversion of Investment Funds"

The post Bitcoin Latinum Named in Civil Lawsuit Alleging Securities Fraud, Wire Fraud, and Fraudulent Conversion of Investment Funds appeared first on CryptoCurrencyWire.

South Africa’s financial regulator said traders should be “cautious and vigilant” when using FTX Trading Ltd., one of the world’s fastest-growing crypto exchanges. On Wednesday, the Financial Sector Conduct Authority issued two notices warning against dealing with Bahamas-headquartered FTX and Seychelles-based ByBit. It said the companies are not authorized to give financial advice or intermediary […]

Read full post South Africa’s financial regulator warns crypto traders against using the FTX exchange. on Chaintimes.com.