Approval of spot bitcoin exchange-traded funds may necessitate the release of a third iteration of the Token Safe Harbor Proposal, Hester Pierce, a commissioner with the U.S. Securities and Exchange Commission, has said. The commissioner argued that it…
Author: Terence Zimwara
Kenya Advances Toward Digital Asset Hub Ambition With Virtual Assets Bill – Kenya Blockchain Association
The Blockchain Association of Kenya (BAK) is reportedly on the verge of launching a community-led draft bill, a significant stride towards its objective of transforming Kenya into a hub for digital assets. BAK has expressed its intention to integrate f…
Thailand Abolishes Value-Added Tax Previously Applicable on Digital Asset Trades
The Thailand Finance Ministry has announced the removal of the previously applicable value-added tax on digital asset trading. This exemption, which took effect on Jan. 1, 2024, extends to regulated brokers, dealers, and authorized cryptocurrency excha…
Hashgraph Association Partners With Saudi Government to Launch Deep Tech Venture Studio
The Hashgraph Association, a nonprofit organization based in Switzerland, announced on Feb. 7 that it had partnered with Saudi Arabia’s Ministry of Investment to launch a deep tech venture studio. The venture studio’s objective is to assist both Saudi …
Nigerian Currency Depreciation: Central Bank Head Reaffirms Commitment to Reviving Confidence in the Economy
The Nigerian central bank remains committed to building confidence in the economy but that hinges on the implementation of “bold reforms” and residents’ help in easing pressure on the naira. However, critics have faulted the central b…
Hong Kong Securities Regulator Issues Warning to Unlicensed Virtual Asset Trading Platforms
The region’s securities regulator has said that Hong Kong crypto investors must only use or trade on approved virtual asset trading platforms. The regulator urged crypto investors using platforms not featured on its two lists to close accounts or transfer funds to licensed entities. Verifying a Virtual Asset Trading Platform’s Regulatory Status The Hong Kong […]
Egypt Aims to Ease Pressure on Forex Reserves via $1 Billion Treasury Bill Auction
Barely a month after raising $850 million from an auction of dollar-denominated treasury bills, the CBE was reportedly poised to raise $1 billion via similar instruments. The decision to hike overnight interest is said to be part of the central bank’s ongoing efforts to stabilize Egypt’s teetering economy. Easing Pressure on the Egyptian Pound On […]
Former Terraform Labs Financial Officer Has Been Extradited to South Korea — Montenegro Police
Montenegro recently extradited the former Terraform Labs financial officer Han Chang-joon to South Korea where he faces fraud-related charges. According to the Montenegro police, the decision to extradite Han was made by the country’s Justice Ministry. Han Faces Criminal Charges in South Korea Han Chang-joon, the former financial officer of Terraform Labs, has been extradited […]
Kenyan High Court Unfreezes $3 Million Belonging to Nigerian Fintech Giant Flutterwave
A recent ruling by the Kenyan High Court in favor of the Nigerian fintech startup Flutterwave will see it finally get access to $3 million which has been frozen since July 2022. The judge slammed the Assets Recovery Agency for continuing to hold onto the funds even after it withdrew its suit against Flutterwave. Flutterwave’s […]
DOJ Charges Belarusian National With Money Laundering Conspiracy and Operating Unlicensed Crypto Exchange
The United States Department of Justice (DOJ) has charged the Belarus national Aliaksandr Klimenka with money laundering conspiracy and the operation of an unlicensed money services business. Most of these criminal activities were perpetrated via BTC-e’s servers in the U.S. which were “leased to and maintained by Klimenka and Soft-FX.” According to the DOJ, Klimenka […]