Investigating Digital Assets in Japan Stymied by Nature of Crypto

According to top government officials in Japan, the current national tax system is not yet capable of accepting declarations of digital assets, potentially leading to outflows overseas. In a Q&A session at the Financial Statements Committee on April 6, Representative Shun Otokita of the Japan Innovation Party pointed out the importance of market research for […]

Crypto Now Legal In India? Not So Fast

Blockchain advocates have hailed the recent Indian Supreme Court’s pro-crypto ruling as a landmark for adoption and development. Now, new forces are emerging that seek to put the brakes on India’s rapid embrace of cryptocurrency.  COURT RULING DOES NOT FULLY RESOLVE THE ISSUE The Economic Times of India has published an article outlining the details […]

The Crypto Industry’s ‘Bloody Friday’ Lawsuits: Do They Hold Weight?

On April 3, a massive deployment of lawsuits were filed against major crypto industry players across the globe. The eleven lawsuits were filed in the United States District Court for the Southern District of New York in what is being called “Bloody Friday” for the industry. These lawsuits are class action in nature. For those […]

Zimbabwe Finally Decides to Regulate Cryptocurrency

Zimbabwe has long been a hive of cryptocurrency trading. But aside from some rumors after the government banned forex trading in Oct 2019, bitcoin’s fate in this country has been someone uncertain. Not for much longer, though. At long last, the Reserve Bank of Zimbabwe (RBZ) has drafted a proposal to regulate cryptocurrency. Zimbabwe Cryptocurrency […]

US Court Postpones Sentencing for OneCoin Crypto Scam Co-Founder

Sentencing for the co-founder of the major crypto scam OneCoin has been postponed for a further three months at the request of the United States government. On April 7, the New York Southern District Court approved a motion to adjourn the sentencing control date for Konstantin Ignatov, brother and accomplice of OneCoin co-founder and current […]

Central Bank Digital Currency ‘Incredibly Rich Area’ Says IMF

Tao Zhang, Deputy Managing Director of the International Monetary Fund (IMF) has made a strong argument for the development of Central Bank Digital Currency (CBDCs). He asserts that as a new asset class they hold tremendous promise, notably for the developing world. BENEFITS OF DIGITAL CURRENCY EMPHASIZED Zhang discussed CBDCs in an address given at […]