Amid the hue and cry among India’s crypto investor community about the recently introduced tax on virtual assets, the CEO and co-founder of local crypto exchange CoinDCX, Sumit Gupta has become the latest crypto figure to repeat the stance that the proposed 30% tax will hamper wider adoption. Two days earlier, Nischal Shetty, the CEO […]
Social investing crypto trading platform eToro Group said net trading income reached $237 million in the fourth quarter from $176 million in the third quarter, citing strong growth in funded accounts and a rebound in trading activity in crypto assets, according to a Q4 filing. The results were similar to Coinbase’s (COIN) robust fourth quarter […]
German fintech Naga (N4G), which offers investment in stocks and crypto via its mobile app, said the crypto trading platform it announced in January will start operating March 7. The social trading platform Nagax will focus on cryptocurrencies and include a crypto wallet and a crypto exchange with more than 50 assets. A planned non-fungible […]
Brett Harrison, the CEO of FTX US, said that recent public assertions that crypto is an effective means of evading sanctions couldn’t be more wrong. Harrison said that regulated cryptocurrency exchanges have advanced technology and effective procedures for enforcing AML and sanctions, making them an improbable road for moving sanctioned money. AML and KYC regulations […]
The Swiss government is on track to exclude Russia by imposing a sanction on Russian crypto addresses. It will target crypto accounts belonging to its territory. According to a report, Swiss officials denote that this action is intended to secure the integrity of the crypto industry in Switzerland. Although Switzerland is said to be neutral […]