Tag: Report

Major Crypto Exchanges Ready to Work in Russia Under Proposed Rules, Report – Exchanges Bitcoin News

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Leading exchanges, polled by the Russian press, have indicated they are not afraid of the upcoming strict crypto regulations. A requirement for coin trading platforms to establish a local office is one of the proposals in a regulatory roadmap drafted by the government in Moscow. Cryptocurrency Exchanges to Set Up Shop in Russian Federation Some of the world’s largest digital assets exchanges, interviewed by Kommersant, are not objecting to a potential requirement to establish permanent presence in Russia in order to continue to offer services to its citizens. The idea…

New Chainalysis Report Suggests NFT Crime Doesn’t (Always) Pay

“It’s not a very good idea to get into crime in NFTs because it’s expensive,” said Kim Grauer, Chainalysis’ head of research. “It’s hard to guarantee you’ll be profitable if you wash trade, and if you want to use [NFTs] to launder money, we can trace it, and you will be able to see who’s in possession of the NFT. There’s things that make the NFT space unattractive for crime.” Source

Japan's Crypto-Exchanges Body Considers Easing Rules for Token Listings: Report

The Japanese industry body that makes rules for crypto exchanges is considering easing restrictions on listing new tokens, Bloomberg reported on Wednesday. Under the proposed new rules, crypto exchanges will be able to list more than a dozen tokens at once, Bloomberg said, citing people familiar with the matter. The current screening process takes six months or more. The Japanese Virtual Currency Asset and Exchange Association (JVCEA) is responsible for approving token listings for crypto exchanges. The Financial Services Agency (FSA), Japan’s regulator, has allowed the association to run the…

Japan’s Crypto-Exchanges Body Considers Easing Rules for Token Listings: Report

The Japanese industry body that makes rules for crypto exchanges is considering easing restrictions on listing new tokens, Bloomberg reported on Wednesday. Under the proposed new rules, crypto exchanges will be able to list more than a dozen tokens at once, Bloomberg said, citing people familiar with the matter. The current screening process takes six months or more. The Japanese Virtual Currency Asset and Exchange Association (JVCEA) is responsible for approving token listings for crypto exchanges. The Financial Services Agency (FSA), Japan’s regulator,…

Alexis Ohanian’s VC Firm to Focus on Crypto With $500M Capital Raise: Report

Reddit co-founder Alexis Ohanian’s venture firm 776 Management plans to double down on crypto in the coming year, having raised $500 million across two new funds, the Wall Street Journal reports. The newly launched Funds II include an early stage-focused $300 million vehicle, and a $200 million fund which will invest in Series A and B rounds. The two new funds will push 776’s portfolio to a majority stake in crypto investments in 2022, Ohanian told the Journal. Currently, crypto investments account for about 40% of the firm’s portfolio, according…

COVID restrictions stymie digital yuan rollout at Beijing Winter Olympics: Report

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Though athletes and support staff arriving for the Beijing 2022 Olympics still have the option of using digital currency for payments at many venues, the international test run of China’s CBDC is reportedly facing hurdles due to the pandemic. According to a Monday report from CNN, athletes, officials and journalists for the country’s Olympics games are largely separated from the population of China in a quarantine “bubble” to prevent the spread of COVID-19. These precautions combined with the Chinese government deciding to limit the number of in-person spectators may result…

Thailand Axes 15% Crypto Withholding Tax Plans Following Pushback: Report

Thailand has axed plans to levy a 15% withholding tax on cryptocurrency transactions following pushback from the country’s crypto traders. Earned income on crypto trading or mining can be reported as capital gains on income taxes, tax officials said on Monday, according to a Financial Times report. The new rules would allow traders to offset their losses against gains made in the same year. Thailand’s Revenue Department previously had plans to strengthen its oversight of cryptocurrency trading following significant growth in the size and value of the market in 2021.…

Gaming Market Business Activities to Surpass $150B in 2022, Report Says

A report forecasts that the gaming market, including deals, and fundraising exercises, will amount to more than $150 billion in 2022. According to investment banking firm Drake Star Partners, the video gaming sector will hit a market valuation of over $150 billion in 2022. This will encompass deals, financing, and initial public offerings, the forecast added. The gaming sector began this year with two mega acquisitions. The first one was Microsoft Corp (NASDAQ: MSFT), pitching almost $70 billion for video game giant Activision Blizzard (NASDAQ: ATVI). There was also an $11 million bid from video game…