This report will provide some essential and quick news about the cryptocurrencies happening worldwide.
1) A Norwegian crypto entrepreneur has departed the country due to a tax dispute
The departure of Haga was precipitated by his appearance on the “Wall of Shame” in the office of Kirsti Bergstø, the leader of Norway‘s Socialist Left Party. The wall features articles about Norwegians who have achieved riches and have emigrated, such as Haga. Bergstø asserts that the wall serves as an inspiration for her artistic endeavors…[continue reading]
2) Trump to Introduce Pro-Crypto SEC & CFTC Leaders
In a recent letter to SEC Chair Gary Gensler and FINRA CEO Robert Cook, Republican legislators have raised concerns regarding Prometheum Capital’s custody services for ETH. Prometheum has classified ETH as a security, despite the SEC’s previous suggestion that it is not. This classification has resulted in a significant amount of confusion…[continue reading]
3) Hong Kong Issues Warning to Crypto Firms Regarding Usage of the “Bank” Label
The Hong Kong Monetary Authority (HKMA) has issued a severe warning to cryptocurrency firms, advising them to avoid the exploitation of the term “bank” in their marketing and operations within Hong Kong. This is in response to allegations that two crypto companies located overseas were fraudulently representing themselves as licensed banking institutions…[continue reading]
4) EU regulator establishes guidelines for crypto providers regarding restrictive measures
The European Banking Authority (EBA), the regulatory agency responsible for addressing problems in the banking sector in Europe, has published two sets of guidelines. These guidelines include a specific guide for payment service providers (PSPs) and crypto-asset service providers (CASPs)…[continue reading]
5) US Digital Chamber Requests Crypto Ownership for Federal Employees
The Digital Chamber of Commerce has requested that the US Office of Government Ethics reconsider its 2022 regulation, which prohibited federal employees from owning cryptocurrency. In a November 13 letter to Acting Director Shelley Finlayson, the blockchain advocacy organization requested that the Ethics Office allow federal employees to possess small quantities of digital assets, such as stablecoins…[continue reading]
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