crypto
⚠️ Belarus🥔: New tax rules for cryptocurrency operations starting January 1, 2025 Paid Members Public
⚠️ Belarus🥔: New tax rules for cryptocurrency operations starting January 1, 2025 Currently, activities with digital tokens are only permitted within the High-Tech Park (HTP), designed to promote the IT sector and cryptocurrency projects. Therefore, the regulation only affects operators who are residents of the HTP, which can be legal entities
💣 AI has learned to evade KYC on cryptocurrency exchanges Paid Members Public
💣 AI has learned to evade KYC on cryptocurrency exchanges A new tool called ProKYC generates fake documents and videos with non-existent identities. The link includes a video showing how ProKYC works against ByBit. ▶️ Developers claim their program is also capable of evading KYC on platforms such as Stripe and Revolut.
💰The rise of cryptocurrencies in Latin America: a response to the economic crisis Paid Members Public
💰The rise of cryptocurrencies in Latin America: a response to the economic crisis For many citizens in Latin America, cryptocurrencies have become an alternative to protect their savings. A study by Fluyez, one of the region’s leading exchanges, revealed that 46% of users use them for savings, 37% for
⚠️EU: Coinbase to delist some stablecoins by year-end Paid Members Public
⚠️EU: Coinbase to delist some stablecoins by year-end Why❓ Because the industry in the region is preparing for stricter regulations. ➡️ The new cryptocurrency regulatory framework, known as the Markets in Crypto Assets Regulation (MiCA), introduced in early 2023, will take full effect in December this year. ➡️ Main requirements for stablecoins:
💪UAE🇦🇪: The regulator exempts cryptocurrency transactions from VAT Paid Members Public
💪UAE🇦🇪: The regulator exempts cryptocurrency transactions from VAT A significant move in the United Arab Emirates: the new regulation retroactively exempts cryptocurrency transactions made since January 1, 2018. ➡️ On October 2, the Federal Tax Authority (FTA) published amendments, placing digital assets under the same regulatory regime as traditional financial services.
📢 In 2025, SWIFT plans to launch transfers with digital currencies Paid Members Public
📢 In 2025, SWIFT plans to launch transfers with digital currencies SWIFT's initiative involves integrating various types of digital assets across multiple platforms. ▶️ In March, SWIFT representatives announced they are developing a new platform to connect CBDCs. They are now ready to enter the testing phase, which will enable
📱Visa launches a platform where banks can issue tokenized deposits backed by fiat and stablecoins Paid Members Public
📱Visa launches a platform where banks can issue tokenized deposits backed by fiat and stablecoins Visa's international tokenized assets platform (VTAP) is set to launch in 2025. ▶️ VTAP will offer a trusted infrastructure for financial institutions to safely leverage blockchain technology. ▶️ Banks participating in this experiment will have
⚡️ The Swiss crypto bank Sygnum🇨🇭 launches a solution to recover Web3 wallets with Safe Paid Members Public
⚡️ The Swiss crypto bank Sygnum🇨🇭 launches a solution to recover Web3 wallets with Safe An interesting advancement in the world of cryptocurrencies... If a user loses their signing key, the new module can restore access to their wallet. ▶️ The integration between Sygnum and Safe{RecoveryHub} focuses on providing autonomous storage