Panama’s President Laurentino Cortiso has said he will not sign a bill to regulate cryptocurrencies in the country until it includes tougher anti-money laundering measures. In April, the Economic Affairs Committee of the National Assembly of Panama (AN) approved a bill to regulate digital assets. It aims to make it easier for cryptocurrency exchanges to obtain licenses to operate in Panama. If the bill goes into effect, the government will also use blockchain to transparently

The South Korean tax authorities have set their sights on sinking Terraform Labs and its co-founder Do Kwon. Terraform Labs and its co-founder Do Kwon have been fined 100 billion won ($78 million) by South Korea’s National Tax Agency, according to a report published by local publication Naver, on charges of tax evasion. Earlier it was reported that the company attracted the attention of the supervisory authorities of South Korea amid the collapse of LUNA

The head of capital markets oversight and transparency at the Netherlands Financial Markets Authority (AFM) has declared crypto assets unsuitable for investment. Paul-Willem van Gerwen stated that despite the growing market interest in cryptocurrency derivatives trading, AFM views such trading as risky. The regulator considers this market not mature enough compared to other derivatives markets. According to the head of the oversight department, due to the volatility of crypto products, a problem arises in which

Canadian mining company Bitfarms reported a drop in net profit to $5 million in the first quarter of 2022. In this regard, the company’s management decided to reduce plans for business development. According to Bitfarms financial reports, the company’s net profit for the first quarter of 2022 fell to $5 million, which is 50% less than the profit for the fourth quarter of last year. Therefore, the management of Bitfarms decided to reduce the scale

The Japanese company Square Enix announced its intention to develop games on the blockchain, invest in the Web3 industry and the metaverse. Square Enix has released a recent financial report and announced its intention to make blockchain and Play to Earn (P2E) technology a part of its business model in the future. The company has disclosed part of its investment program. One of the main goals of the company is to standardize the principles for

Web3 movie funding platform Decentralized Pictures has announced the launch of a blockchain-based application for funding film projects. The service is going to be launched on May 20, during the days of the Cannes Film Festival, company representatives said. The app is to be launched at the same time as the documentary competition that Decentralized is going to sponsor with the Gotham Film & Media Institute. The platform works on the same principle as decentralized

Investment company Grayscale Investments announced the listing of the exchange-traded fund (ETF) Future of Finance on the London Stock Exchange (LSE), Deutsche Börse Xetra and Borsa Italiana. The company promises that the Grayscale Future of Finance UCITS ETF (GFOF) will allow investors to buy shares and bet on the performance of companies working with digital assets. The fund is based on the Bloomberg Grayscale Future of Finance (BGFOF) index, which tracks the performance of financial

The B3 stock exchange plans to enter the cryptocurrency market within six months, promising users access to a wide range of services. The Brazilian site announced that after six months it will launch its first cryptocurrency product – futures trading on bitcoins (BTC) and ether (ETH). André Milanez, chief financial officer of the company, did not specify whether B3 would form a partnership or offer futures trading directly. There are currently eleven crypto ETFs available

Chainalysis, an analytics company that provides government agencies with services and tools for tracking blockchain transactions, has raised a $170 million investment. The Chainalysis investment round has taken over as the head of Singapore’s GIC wealth fund, The Information reported. Thanks to the funding, the company is valued at $8.6 billion, making it one of the most expensive cryptocurrency projects. GIC Private Limited is a fund that, according to Bloomberg, owns more than $100 billion

One of the four Japanese financial giants, the SBI Group will acquire a majority stake in the cryptocurrency trading platform BITPoint Japan. The cryptocurrency exchange has long been a competitor of the giant’s cryptocurrency division – SBI VC Trade. SBI buys 51% stake in BITpoint from Remixpoint for a total of $98.6M. BITPoint is now valued at over $193M. As a result of the transaction, SBI will receive 5% of Remixpoint shares. At the same