This report will provide some essential and quick news about the cryptocurrencies happening worldwide.
1) Binance’s chief marketing officer has stated that memecoin listings are not guaranteed
According to Rachel Conlan, the Chief Marketing Officer of Binance, memecoin listings are not guaranteed. Nevertheless, “community feedback and input” is a critical factor in the decision to list a particular cryptocurrency…[continue reading]
2) OKX Introduces Crypto Trading Services in Belgium
OKX, a cryptocurrency exchange based in the Seychelles, has recently established operations in Belgium. It offers a variety of cryptocurrency services, such as spot trading and conversion, through its wallet and exchange…[continue reading]
3) Vancouver’s mayor has proposed a Bitcoin reserve plan
Mayor Ken Sim of Vancouver has suggested the establishment of a Bitcoin reserve as a means of fortifying the city’s financial strategy. The objective of the plan, which will be officially unveiled on December 11, is to investigate the potential of Bitcoin to diversify resources and act as a protective measure against economic instability. Sim’s motion is indicative of the increasing interest in the adoption of Bitcoin by governments…[continue reading]
4) MetaMask Adds Venmo for U.S. Crypto Buying
MetaMask, a prominent cryptocurrency wallet, has recently disclosed a revolutionary partnership with Venmo, a widely used payment application in the United States. The objective of this collaboration is to facilitate the acquisition of cryptocurrencies, thereby increasing their accessibility and user-friendliness for American users…[continue reading]
5) Russia Has Approved a Tax Framework for Digital Currency
This development occurs subsequent to the bill’s initial approval in the State Duma, the lower house, and its final passage in a plenary session on Wednesday. The new law categorizes digital currencies, including those employed as payment instruments under experimental legal frameworks, as property under the Russian Federation Tax Code. This classification alleviates the financial burden on participants in the digital currency mining and sales sector by exempting them from value-added tax (VAT). The services provided by authorized organizations that facilitate transactions under these experimental frameworks will also be exempt from VAT…[continue reading]
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