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New Zealand modifies tax laws to include cryptocurrency incomes
Aug 07,2023
New Zealand tax authorities haveissued guidelineson how to tax incomes from cryptocurrency. New Zealand has recognised cryptocurrency as a means of payment for fees and salaries. New rules will apply for salary and wage earners, but not for self-empl...
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New Zealand append the tax law to include cryptocurrency incomes
Aug 07,2023
New Zealand tax authorities issued guidelines on how to tax incomes from cryptocurrency. New Zealand recognized cryptocurrency as a mean of payment for fees and salaries. New rules will apply for salary and wage earners, but not for self-employed tax...
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Malta to start issuing licenses to cryptocurrency operators from October
Aug 04,2023
Following the enactment of the Law on Virtual Financial Assets by the Maltese Government, by October, the Malta Financial Services Authority (MFSA) is expected to start processing and issuing licences for Issuers of Virtual Financial Assets. The MFSA...
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Bitcoin exchange Bitfinex hacked for $60m worth of bitcoins
Aug 03,2023
The Hong Kong-based bitcoin exchange, largest of all other exchanges in terms of USD/BTC trading volume, was hacked for more than$60m worth of bitcoin (119,756 BTC). TheBitfinex theft represents the largest loss of bitcoins by an exchange since Japan...
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Kenya suspends local activities of Worldcoin
Aug 02,2023
The interior ministry of Kenya announced that it had suspended local activities of Worldcoin due to potential public safety concerns. Namely, Interior Minster Kithure Kindiki stated that government agencies are investigating Worldcoin's authenticity ...
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France's privacy watchdog questions legality of Worldcoin's biometric data collection
Jul 31,2023
France's privacy watchdog CNIL (The Commission nationale de l'informatique et des libert
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SEC asked Coinbase to stop trading cryptocurrencies other than bitcoin before lawsuit
Jul 31,2023
The USA Securities and Exchange Commission (SEC) allegedly asked Coinbase to halt trading in all cryptocurrencies except bitcoin prior to filing a lawsuit against the company for not registering as a broker. Coinbase CEO Brian Armstrong revealed that...
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Bitcoin 'not real money' says judge
Jul 27,2023
On a trial for illegally transmitting and laundering$1,500 worth of bitcoins to undercover agents who intended to use them to purchase stolen credit cards a Miami-Dade Circuit Judge Teresa Mary Pooler threw out all charges and has past the ruling in ...
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Binance to seek dismissal of CFTC complaint
Jul 25,2023
The online cryptocurrency exchange Binance, and its CEO Changpeng Zhao are planning to seek dismissal of a CFTC complaint accusing the crypto exchange of violating the Commodity Exchange Act and certain related federal regulations. The CFTC alleged t...
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UK data regulator to examine Worldcoin project by OpenAI CEO Sam Altman
Jul 25,2023
The Information Commissioner's Office in the UK has announced that it will be conducting an examination of Worldcoin, a crypto project launched by Sam Altman, the CEO of OpenAI. Worldcoin allows users to provide their iris scans in exchange for a dig...
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Digital identity network Worldcoin created by the OpenAI CEO Sam Altman
Jul 24,2023
Sam Altman, known worlwide as a CEO of the OpenAI company that power a language model GPT, announced today that Worldcoin is launching its rollout. Worldcoin project will have the goal of creating a new digital identity and financial network that is ...
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European Parliament's Panel for the Future of Science and Technology issues study on blockchain and GDPR
Jul 24,2023
The European Parliament's Panel for the Future of Science and Technology (STOA), issued a study on blockchain and the GDPR titled: 'Can distributed ledgers be squared with European data protection law?' The study discusses the EU's application of the...
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