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Business

India: 6 potential risks of stablecoins for developing economies, according to central bank
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6 July, 2023

India: 6 potential risks of stablecoins for developing economies, according to central bank

The risks enumerated by the Reserve Bank of India include currency threat of currency substitution, circumvention of capital flow controls,...
Singapore orders digital currency firms to keep customer funds ‘under statutory trust’
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6 July, 2023

Singapore orders digital currency firms to keep customer funds ‘under statutory trust’

Under the new measures, digital currency firms in Singapore are expected to "segregate customers' assets from its own assets and...
Tech executives slam EU’s AI regulation over stifling innovation
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5 July, 2023

Tech executives slam EU’s AI regulation over stifling innovation

The coalition argues that the proposed rules could force leading AI researchers out of the region, while the European Union...
Cameron Winklevoss slams Barry Silbert and SEC, defends poison Kool-Aid
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5 July, 2023

Cameron Winklevoss slams Barry Silbert and SEC, defends poison Kool-Aid

Cameron Winklevoss tweeted 'An Open Letter to DCG boss Barry Silbert,' whose troubled Genesis Global Capital offshoot filed for bankruptcy...
US federal judge rules Kraken must hand over user information to IRS
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5 July, 2023

US federal judge rules Kraken must hand over user information to IRS

Following the rejection of Kraken’s opposition to the IRS request, the exchange is now obliged to hand over 160M transaction...
Kenyan president signs Finance Bill, demands 3% tax from digital asset traders
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5 July, 2023

Kenyan president signs Finance Bill, demands 3% tax from digital asset traders

The Finance Bill has come under heavy criticism for its new taxes, including a 3% tax on digital asset sales,...
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