Philippine exchange PDAX raises $50M in a Tiger Global-led Series B
Philippine Digital Asset Exchange, more popularly known as PDAX, will channel the funds towards making its infrastructure more accessible, safe and efficient.
Philippine Digital Asset Exchange, more popularly known as PDAX, will channel the funds towards making its infrastructure more accessible, safe and efficient.
Her Majesty’s Revenue and Customs (HRMC) also seized $6,700 worth of digital assets and arrested three people alleged to have defrauded the gov’t of $1.9 million in taxes.
Jason Powell wants the state to allow politicians to accept digital assets for campaign funds and to formulate and implement blockchain-friendly regulations.
The proposal by the Minister of Finance will also see miners pay a monthly tax on their mining rigs, whether they use them to mine or even if they’re not in operation.
The Hong Kong government intends to amend the AML and CFT regulations to recognize exchanges legally but plans to limit the platforms’ services only to qualified investors.
The Zambian central bank has been conducting research on a central bank digital currency, an executive told Bloomberg, weeks after it issued a warning against digital currencies.
In its latest report, the organization said that the country increased capabilities for rapid deployment of nuclear weapons amid sanctions by the U.N. and other major global economies.
To protect the bolivar, the government is reportedly going after digital currency users, imposing a 20% tax on BTC transactions to curb its growing usage for payments in the South American country.
The country’s military government said recently that it’s considering launching a digital currency to boost its economy, but the World Bank has shot the idea down, saying the country isn’t prepared enough.
A new document by the Russian government, supported by the central bank, has dispelled fears of a blanket ban, weeks after the bank proposed a total ban.
A senior executive at the bank said that while it may eventually pursue the central bank digital currency, it would relegate the development of a retail CBDC wallet to the private sector.
The U.S. regulator is requesting for public feedback on the ETF application, which seeks to convert shares of the Grayscale Bitcoin Trust (GBTC) into a spot ETF, the first of its kind in the U.S. market.