Russia is set to “integrate” its CBDC, the digital ruble, into its tax system, with legislation set to roll out before the year’s end.Per Prime, the State Duma’s Committee on Budgets and Taxes has approved a private member’s bill that seeks to amend the Tax Code.The amendment will allow tax…

The head of the US Security and Exchange Commission (SEC)’s Crypto Assets and Cyber Unit David Hirsch just sent a chilling warning to the crypto industry, which has already found itself heavily in the agency’s crossfire in recent months.Speaking on Tuesday at the Securities Enforcement Forum Central in Chicago, Hirsch…

Crypto asset management giant Grayscale just filed paperwork with the US Securities and Exchange Commission (SEC) to create a new Ether (ETH) Futures Exchange Traded Fund (ETF), as per a report by the Wall Street Journal.Grayscale filed for the ETF under the Securities Act of 1933, having also previously filed…

Japan’s largest investment bank, Nomura, unveiled its Bitcoin Adoption Fund through its crypto subsidiary, Laser Digital.On September 19, Nomura’s subsidiary, Laser Digital announced it would use Koimanu, an entity established in 2018 by Nomura, Ledger, and Coinshares, to custody the fund’s assets.The primary goal of this initiative is to create…

One week after leading GambleFi project Rollbit (RLB) launched its European expansion campaign with SSC Napoli, price action has taken a tumultuous turn for the worst as RLB tumbles -10% overnight, leaving some asking ‘is Rollbit coin going to zero’?The major sporting partnership with the Serie A team fuelled huge…

Shenzhen, China, is readying a new digital yuan giveaway as the city looks to showcase the CBDC at a range of upcoming sporting events.Per Shanghai Securities News, the city is set to hand out e-CNY tokens to some 50,000 citizens as part of its latest adoption drive.The coins will be…

In a recent development in the ongoing legal battle between the United States Securities and Exchange Commission (SEC) and Binance.US, a U.S. judge has declined the SEC’s immediate request for access to Binance.US’s software and other documentation. The hearing, held on September 18, addressed the SEC’s motion to compel Binance to…

On Sept. 18, Malta’s Financial Services Authority (MFSA) initiated a public consultation to harmonize its crypto regulations with Europe’s Markets in Crypto-Assets (MICA) regulations, slated to become effective in December 2024.On Monday, Malta’s Financial Services Authority (MFSA) initiated a public consultation on proposed changes to its regulatory framework for crypto…

In a new development today, the U.S. Securities and Exchange Commission (SEC) has asked a court to dismiss the objections raised by Binance US regarding the regulator’s recent legal motion. According to CoinDesk, the SEC claimed that an audit of Binance US revealed difficulties in confirming that the company was fully…

Anticipation of a pause in interest rate hikes, spurred by the upcoming Federal Open Market Committee (FOMC) meeting on September 20, stimulated a marked increase in Bitcoin prices earlier today.Bitcoin rose over 3.4% to hit a September high above $27,400 after a stagnant weekend where it held the key $26,000…