Indonesia will introduce a new regulation that requires 66% of firm board members and directors to be natives of the nation in an effort to crack down on foreign ownership of cryptocurrency exchanges.
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Coinbase CEO, Brian Armstrong, indicated that focusing on innovation is more important than determining short-term market strategies.
The Minister of Strategy and Finance in South Korea is planning to introduce a new gift tax on airdrops for cryptocurrencies.
Due to increase in the number of romance-investment fraud called ‘pig butchering’ or ‘Sha zu pan’, Coinbase, American cryptocurrency exchange, has raised concern.
During an interview on Squawk Box, former president of the New York Stock Exchange, Thomas Farley said bitcoin was “trusted, censorship-resistant”. He indicated that “there will only ever be 21 million, and it will have to be part of a portfolio.”
Union Bank of Philippines, generally known as Unionbank, has developed new option of crypto service for its clients.
The current finance minister of India, Nirmala Sitharaman, called caution about the cryptocurrency shopping spree.
South Korean crypto exchanges Upbit and Korbit had promised that they are going to give transaction fees earned during the Terra-LUNA crisis to investors.
According to the Wal Street Journal, Voyager Digital must return USD 270M worth of funds to its customer, decided by the Bankruptcy Court in Mew York.
11 individuals have been blamed for their roles in an purported crypto pyramid and Ponzi Scheme which raised over USD 300M from lots of investors all around the world by The US Securities and Exchange Commission (SEC).