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Montenegro Court Officially Revokes Extradition Approval For Do Kwon

The Appellate Court of Montenegro has accepted an appeal by Do Kwon's attorneys - revoking the High Court's decision to extradite the Terraform Labs' founder to either South Korea or the USA. Therefore, the Appellate Court has annulled the decision of the Higher Court in the country's...

, by Sead Fadilpašić

Indian Government Collects Over $12 Million From Crypto Taxes

India’s Central Board of Direct Taxes (CBDT) has collected more than 100 crore INR ($12 million) from one percent TDS (Tax Deducted at Source) on crypto transactions in this financial year. The Indian government had implemented one percent direct tax on all crypto transactions from...

, by Jai Pratap

Zcash Creator Zooko Wilcox to Step Down as CEO of Electric Coin

Zooko Wilcox, the creator of the privacy-oriented blockchain network Zcash, is stepping down as CEO of Electric Coin Co., the primary developer behind Zcash. Wilcox has served as the project's leader since its creation in 2015. The decision was made by the Board of Directors, which includes...

, by Hassan Shittu

Digital Yuan ‘Spurs Rise in Mainland China-Hong Kong Cross-border Payments’

The Chinese digital yuan pilot’s spread to Hong Kong may be playing a part in driving up cross-border payments, media outlets have suggested.Per China Fund News, via the Securities Times, certain types of “cross-border payments” between Mainland China and Hong Kong, as well as the...

, by Tim Alper

More Hong Kong Banks Set to Join Digital Yuan Pilot, Gov’t Confirms

Hong Kong’s government says more banks based in the country are preparing to join Mainland China’s digital yuan pilot. Mainland China’s central bank, the People’s Bank of China (PBoC), wants to expand its CBDC’s cross-border applications. And it seemingly...

, by Tim Alper

China Looks to Make ASEAN Digital Yuan Move – CBDC ‘Breakthrough’ Imminent?

China is planning to showcase its digital yuan to the ASEAN nations, and could seek to make “cross-regional use” of its CBDC in the bloc.Some of the ASEAN (the Association of Southeast Asian Nations) members are politically aligned with China.But others are have closer ties to...

, by Tim Alper

Chinese Bank Uses Digital Yuan Giveaway to Promote Waste Recycling Drive

A Chinese commercial bank has launched new digital yuan-powered recycling rewards programs, with citizens receiving CBDC tokens in exchange for recycling their waste.Per Danzong, via Xinhua, the Qingdao Branch of the Bank of Communications has launched a CBDC-powered rewards solution.The bank...

, by Tim Alper

China’s JD, ICBC to Launch Digital Yuan Supply Chain Financing Solution

Chinese firms and commercial banks are working on new digital yuan supply chain financing solutions, with a new CBDC smart contract solution set to launch.Per CICC (via Cnfol), the latest innovation has been developed by JD Technology, in conjunction with the Industrial and Commercial Bank of China...

, by Tim Alper

Chinese Central Bank Unveils SIM Card-based Offline CBDC Wallet

The Chinese central bank has unveiled an offline SIM card-based digital yuan “hard” wallet solution that lets users pay with the central bank digital currency (CBDC) with powered-down phones.The innovation could eventually allow 2G phone-owning citizens to use their handsets to use the...

, by Tim Alper

Former Credit Suisse Executive Launches Crypto Trading Platform for Financial Institutions

A new Zurich-based startup Rulematch is creating a customized crypto trading experience for banks and securities firms. The trading venue is launched by a former Credit Suisse executive David Riegelnig. Rulematch has commenced Bitcoin (BTC) and Ether (ETH) spot trading against USD to clients...

, by Sujha Sundararajan

Cogwise Real-Time Trading AI Model’s Test Phase Brilliance: Averaging 16.8% Weekly Returns

In a groundbreaking development for the world of finance and investment, the Cogwise AI team has unveiled a cutting-edge feature that is poised to change the way traders make decisions. The innovative "AI News Aggregator" integrates advanced artificial intelligence and machine learning algorithms...

, by Kliment Dukovski

LatAm Embraces Wider Stablecoin Adoption: Circle Report

Fintech firms in Latin America are rapidly embracing digital finance solutions, fueled by an increase in crypto adoption among citizens. In a recent report, USDC issuer Circle revealed that citizens of LatAm countries received $562 billion in digital currency value between 2021 and 2022....

, by Sujha Sundararajan

IMF Head Urges For Clear Rules and Infrastructure to Curb Crypto Risks

Kristalina Georgieva, the managing director of the International Monetary Fund (IMF), addressed ways to curb cryptocurrency risks on financial stability. Georgieva stressed that crypto assets need to be regulated with clear rules and infrastructure. Speaking at an international conference in...

, by Sujha Sundararajan

Coinbase Crypto Wallet Offers “Simple Mode” for Improved UX: CEO Armstrong

Brian Armstrong, the CEO of Coinbase crypto exchange, has explained that the wallet modifications, launched last week, focus on payments. On December 5, Coinbase announced enhanced features on its wallet app in a move to facilitate seamless money transfers. The update aims to simplify the...

, by Sujha Sundararajan

National Security Officials Discuss to Combat DPRK’s Crypto Illicit Use in WMD Programs

National Security Advisors of the United States, South Korea and Japan convened to discuss a collective response to North Korea’s illicit crypto financing for weapons of mass destruction programs (WMD). The discussions were held during a trilateral meeting at the White House on Saturday....

, by Sujha Sundararajan

Google Ad Change Policy Specifically Targets Cryptocurrency Coin Trusts – Here’s the Latest

Silicon Valley tech giant Google is updating its crypto ad policy to improve its advertising standards, effective January 29, 2024. The revision, specifically, targets Cryptocurrency Coin Trusts – a financial product allowing investors to trade in trusts holding large cryptocurrency...

, by Sujha Sundararajan

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