The Thai Securities and Exchange Commission (SEC) has launched a Digital Asset Regulatory Sandbox, allowing crypto services to be tested in a controlled environment. This initiative aims to promote innovation in Thailand’s capital market by accommodating six specific digital asset-related services, including exchanges and custodial wallet providers. Thai SEC Launches Digital Asset Regulatory Sandbox The…
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Stablecoin issuer Tether Holdings Ltd. recently announced a partnership with a crypto payments provider to advance blockchain education in South Africa. The collaboration aims to both demonstrate the benefits of stablecoin payments and build trust in digital financial solutions. Building Trust in Digital Financial Solutions Stablecoin issuer Tether Holdings Ltd. partnered with Xion Global to…
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Tanzania plans to amend its Income Tax Act to tax crypto trades. The proposal includes a three per cent withholding tax on income from digital asset transactions. Digital platform owners or facilitators of digital asset transfers will act as withholding agents. Foreign citizens operating such platforms must register under Tanzania’s Simplified Tax Regime. The government…
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Digital asset investment products experienced substantial inflows totaling $932 million for the second week. The inflows were an immediate reaction to the lower-than-expected Consumer Price Index (CPI) report released on Wednesday, CoinShares said in a Monday report. The report detailed that the latter three trading days of the week accounted for 89% of the total…
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The French securities regulator, the Autorité des Marchés Financiers (AMF), has issued a renewed warning against using the digital asset platform Bybit. The AMF reminded French investors that Bybit is an unregistered crypto platform operating illegally in the country. The regulator has advised French investors who use Bybit to take all the necessary precautions to…
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Digital asset investment products witnessed minor outflows amounting to $126 million in the past week as investors displayed hesitancy amidst a stalled positive price momentum. While trading volumes did experience a slight increase from $17 billion to $21 billion on a week-on-week basis, activity in exchange-traded products (ETPs) and exchange-traded funds (ETFs) dropped relative to…
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Bitcoin has shown resilience in comparison to the broader digital assets market, maintaining a dominance metric of 55.3%, the highest level since April 2021. In a recent note, Matteo Greco, a research analyst at digital asset investment firm Fineqia International, said that Bitcoin market cap dominance has hit its highest level in three years despite recent…
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Turkey’s Misyon Bank has announced its partnership with Swiss firm Taurus to leverage its digital asset custody and tokenization technology. The neobank, established just a year ago, aims to position Turkey as a regional center of excellence for custody services and tokenization, according to a report from local media outlet BThaber. Taurus is a renowned player…
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Goldman Sachs, the CBOE, Standard Chartered, and other financial institutions participated in the pilot of the Canton Network, a protocol aiming to achieve interoperability in apps using resources from various blockchains. Digital Asset, the company behind the pilot, stated that this test showed the opportunity to reduce costs, risk, and inefficiencies by using this kind…
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Digital asset investment products recorded $1.1 billion in inflows in the last seven days following a price uptick in the market. A new CoinShares Digital Asset Funds Flow Weekly Report shows a positive swing in cryptocurrency products for another week as crypto prices record massive weekly gains. Inflows of US$1.1bn into digital asset ETPs, momentum…
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