Month: January 2023

Chiliz (CHZ), Cardano (ADA) and Orbeon Protocol (ORBN): Analysis of a Potentially Disruptive Trend in the Crypto-Market

Place/Date: – January 1st, 2023 at 10:00 am UTC · 3 min read Source: Orbeon Protocol The crypto market is constantly changing and evolving, making it difficult to keep track of the latest trends. Recently, a new trend has emerged that could potentially disrupt the market – the emergence of the Orbeon Protocol, the crypto darkhorse who has seen price climb 805% and the exodus of holders from projects such as Chiliz and Cardano. Chiliz (CHZ) Chiliz is a blockchain-based platform that provides an easy and secure way to access,…

UK Enforces Crypto Tax Break for Foreign Residents Using Local Investment Managers

“This exemption is an important factor in attracting global investors, meaning foreign investors won’t be brought into U.K. tax simply by appointing U.K.-based investment managers,” the government’s tax arm, the HM Revenue and Customs, said in an email to CoinDesk. “To build upon the U.K.’s position as an investment management hub, this exemption has been extended to include crypto assets, so that funds which include them aren’t put off from appointing U.K. managers.” Source

Bill on Digital Ruble Submitted to Russian Parliament – Finance Bitcoin News

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A draft law devoted to the digital ruble has been filed with the State Duma, the lower house of Russian parliament. The legislation introduces rules determining how the new form of national fiat will be issued and amends a series of legal acts to facilitate its implementation. Bank of Russia to Be the Sole Operator of the Digital Ruble Platform A group of Russian lawmakers, led by the Chairman of the Financial Market Committee Anatoly Aksakov, have submitted draft legislation on the digital ruble, the central bank digital currency (CBDC)…

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Australia overtakes El Salvador to become 4th largest crypto ATM hub

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El Salvador, the first country to legalize Bitcoin (BTC), has been pushed down yet another spot in total crypto ATM installations as Australia records 216 ATMs stepping into the year 2023. As part of El Salvador’s drive to establish Bitcoin as a legal tender, President Nayib Bukele had decided to install over 200 crypto ATMs across the country. While this move made El Salvador the third largest crypto ATM hub at the time after the United States and Canada in September 2021, Spain and Australia overtook the Central American country’s…

Developing Global Crypto Regulation Is a Priority for G20 Under India’s Presidency – Regulation Bitcoin News

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The Reserve Bank of India (RBI) says one of the priorities for the G20 under India’s presidency is to “develop a framework for global regulation, including the possibility of prohibition, of unbacked crypto assets, stablecoins, and defi.” The Indian central bank warned that “turmoil in crypto assets market” is among “the major risks that can potentially undermine global financial stability.” Indian Central Bank on Crypto Regulation India’s central bank, the Reserve Bank of India (RBI), released its Financial Stability Report (FSR) for December on Thursday. The 172-page report includes discussions…