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India’s FIU Considers Approving More Offshore Crypto Exchanges

India’s FIU Considers Approving More Offshore Crypto ExchangesIndia’s Financial Intelligence Unit is reportedly reviewing four offshore cryptocurrency exchanges for potential approval to resume operations following the lifting of bans on Binance and Kucoin. The focus is on ensuring compliance with anti-money laundering regulations, including transaction transparency and reporting of suspicious activity. FIU-India May Permit More Offshore Crypto Exchanges Next Year India’s Financial […]

2021 Bull Run Déjà Vu? Altcoin Market Gains Momentum

Coinbase, KuCoin, others file crypto license applications in Turkey

As the Turkish Capital Markets Board continues to update the list and companies work to meet regulatory requirements, the Turkish crypto market is poised for significant changes.

The Turkish cryptocurrency landscape is experiencing a major transformation as prominent companies like Coinbase and KuCoin compete to obtain business licenses in the country.

This surge in applications follows regulatory updates by the Turkish Capital Markets Board (CMB), marking a critical juncture for the nation’s burgeoning crypto sector.

On Aug. 9, the CMB announced that 47 cryptocurrency companies had initially applied for licenses under new regulatory frameworks. This list, however, has now expanded to 76, with notable additions such as Coinbase, KuCoin and Gate.io. 

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2021 Bull Run Déjà Vu? Altcoin Market Gains Momentum

Kucoin to Implement 7.5% VAT on Transaction Fees for Nigerian Users

Kucoin to Implement 7.5% VAT on Transaction Fees for Nigerian UsersNigeria-based KuCoin users will begin being levied a 7.5% value-added tax (VAT) on transaction fees starting on July 8. Some observers believe that Kucoin’s decision to implement this tax is intended to enhance its chances of securing an operating license. A Lagos-based crypto industry player stated that implementing the tax will likely harm the industry. […]

2021 Bull Run Déjà Vu? Altcoin Market Gains Momentum

Layerzero’s ZRO Token Listed on Major Exchanges, Boosting Cross-Chain Communication Potential

Layerzero’s ZRO Token Listed on Major Exchanges, Boosting Cross-Chain Communication PotentialLayerzero’s native token, ZRO, has been listed on several major cryptocurrency exchanges, marking a significant milestone for the cross-chain communication protocol. Binance, Upbit, Okx, Bybit, Gate.io, Bitget, Kucoin, MEXC, and Woo X have all added ZRO to their platforms, offering various trading pairs. Layerzero distinguishes itself with its innovative approach to cross-chain communication, facilitating the […]

2021 Bull Run Déjà Vu? Altcoin Market Gains Momentum

Europe’s Eighth-Largest Economy Proposes New Tax on Crypto Transactions: Report

Europe’s Eighth-Largest Economy Proposes New Tax on Crypto Transactions: Report

The eighth-largest economy in continental Europe is reportedly proposing a new tax on crypto transactions. According to a new report by Bloomberg, Turkey is seeking to raise taxes as a means of recovering its budget after it was ravaged by earthquakes in 2023. The plan would haul in an estimated $7 billion for the Turkish […]

The post Europe’s Eighth-Largest Economy Proposes New Tax on Crypto Transactions: Report appeared first on The Daily Hodl.

2021 Bull Run Déjà Vu? Altcoin Market Gains Momentum

Indian Regulator Advocates Multi-Agency Approach for Crypto

Indian Regulator Advocates Multi-Agency Approach for CryptoThe Securities and Exchange Board of India (SEBI) has submitted its recommendations for regulating crypto assets to a government panel. SEBI suggests multiple regulators for different aspects of cryptocurrency trade. India’s central bank, the Reserve Bank of India (RBI), however, views crypto as a macroeconomic risk, highlighting concerns about tax evasion and fiscal stability. SEBI […]

2021 Bull Run Déjà Vu? Altcoin Market Gains Momentum

India Approves Crypto Exchanges Binance and Kucoin as Registered Virtual Asset Service Providers

India Approves Crypto Exchanges Binance and Kucoin as Registered Virtual Asset Service ProvidersCryptocurrency exchanges Binance and Kucoin have successfully registered with India’s Financial Intelligence Unit as Virtual Asset Service Providers (VASPs), a top official has reportedly confirmed. Both crypto exchanges were previously banned in India due to violations of the country’s anti-money laundering regulations. Kucoin and Binance Registered With FIU India The Financial Intelligence Unit – India […]

2021 Bull Run Déjà Vu? Altcoin Market Gains Momentum

India’s Anti-Money Laundering Regulator Approves Registration for Binance and Kucoin: Report

India’s Anti-Money Laundering Regulator Approves Registration for Binance and Kucoin: Report

A financial regulator in India is reportedly approving crypto exchange platforms Binance and Kucoin for business within the nation after banning them last December. According to a new report by CoinDesk, Binance and Kucoin have been approved by India’s anti-money laundering regulator, who said the crypto exchanges registering will add “a little more credibility to […]

The post India’s Anti-Money Laundering Regulator Approves Registration for Binance and Kucoin: Report appeared first on The Daily Hodl.

2021 Bull Run Déjà Vu? Altcoin Market Gains Momentum

Litecoin Surges by Nearly 20% After US Regulator Refers to LTC as a Commodity in KuCoin Complaint

Litecoin Surges by Nearly 20% After US Regulator Refers to LTC as a Commodity in KuCoin Complaint

Litecoin (LTC) surged by nearly 20% over the past three days after the U.S. Commodity Futures Trading Commission (CFTC) referred to the asset as a commodity in a legal complaint. On Tuesday, the U.S. Department of Justice (DOJ) and the CFTC unsealed an indictment against the crypto exchange KuCoin and two of its founders, Chun […]

The post Litecoin Surges by Nearly 20% After US Regulator Refers to LTC as a Commodity in KuCoin Complaint appeared first on The Daily Hodl.

2021 Bull Run Déjà Vu? Altcoin Market Gains Momentum

Digital Asset Traders Withdraw $208,000,000 Worth of Crypto From KuCoin Following Government Charges: Nansen

Digital Asset Traders Withdraw 8,000,000 Worth of Crypto From KuCoin Following Government Charges: Nansen

Crypto traders moved $208 million worth of digital assets off the embattled exchange KuCoin following the company’s indictment. The blockchain analytics platform Nansen reports that $99 million worth of crypto flowed off the exchange on Ethereum (ETH) and $108 million on Ethereum Virtual Machine (EVM) chains. KuCoin still holds more than $6 billion worth of […]

The post Digital Asset Traders Withdraw $208,000,000 Worth of Crypto From KuCoin Following Government Charges: Nansen appeared first on The Daily Hodl.

2021 Bull Run Déjà Vu? Altcoin Market Gains Momentum