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IOC released mobile game with rewards in NFT

Posted by  on  04/02/2022
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The International Olympic Committee (IOC) has announced a partnership with game developer nWay to launch the NFT-enabled multiplayer Olympic Games Jam: Beijing 2022. According to CNBC, users can now download the app on their mobile phone, play a variety of sports-inspired games from the Winter Olympics program, and receive special collectible tokens. NFT data can be used to gain new character and equipment levels, as well as “super powers” that allow the character to develop

The Central Bank of Nepal is exploring the benefits of launching its own digital currency

Posted by  on  03/02/2022
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The Central Bank of Nepal began to explore the possibility of launching its own digital currency, but in the next three years the Central Bank is not going to introduce it into the country’s financial system. Revati Prasad Nepal, Director of the Foreign Exchange Department of Nepal Rastra Bank, announced the creation of a special working group that will explore the benefits and risks of the possible introduction of a state stablecoin. In addition to

IRS will refund a Tennessee couple’s Tezos staking tax deductions

Posted by  on  03/02/2022
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The Internal Revenue Service (IRS) has recognized that staking profits are not subject to income tax unless denominated in USD and are prepared to reflect this in future tax rules. The U.S. District Court for the Middle District of Tennessee has ruled that the IRS is required to refund the Jarretts the tax credits they paid as Tezos (XTZ) staking income tax. In May 2021, Joshua and Jessica Jarrett filed a lawsuit alleging that the

DeFy Trends CEO: “Industry Self-Regulation Drives Global Crypto Adoption”

Posted by  on  02/02/2022
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DeFy Trends founder and CEO Imgesu Çetin said that regulatory uncertainty and price volatility is hindering the global adoption of cryptocurrencies. Imgesu Cetin believes that it is vital for the cryptocurrency industry to create effective self-regulation no matter how slow some countries are moving in regulating the industry. In his opinion, regulatory uncertainty, price volatility, concerns about illegal activities all affect the cryptocurrency markets and show why they need to be regulated. The CEO of

APRA called for the development of regulation of the blockchain and cryptocurrencies

Posted by  on  02/02/2022
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The Australian Prudential Regulation Authority has stated that it is necessary to develop blockchain and cryptocurrency regulation in order to promote innovation and protect the interests of users. Many financial companies are ready to modernize their business processes by introducing blockchain into them and using digital assets. The Australian Prudential Regulatory Authority (APRA) believes that the development of the latest technologies should develop specific guidelines that will allow these organizations to apply innovations without compromising

Everest platform announced integration with Polygon

Posted by  on  01/02/2022
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Financial services provider Everest will provide Polygon developers and users with access to biometric IDs, eKYC/AML and the $CRDT stablecoin. Integration with Everest should allow developers using Polygon to create DeFi protocols for platforms with native eKYC, fiat conversions, and the Everest $CRDT stablecoin. It becomes possible to customize the use of $CRDT, for example, for placing fiat deposits, or to limit the use to a specific purpose, a specific seller, or a period of

Court banned the Argentina national football team from cooperation with Binance

Posted by  on  01/02/2022
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Football fan token operator Chiliz has blocked a sponsorship agreement between the Argentine Football Association (AFA) and the Binance exchange in arbitration. The injunction directs AFA to cancel all trades announced or signed with Binance, as AFA previously entered into an exclusive fan token issuance contract with Chiliz-owned platform Socios. The judge who decided on action against AFA considered that the agreement signed with Socios conflicts with the terms of the new contract with Binance.

Deloitte: More than 50% of Indians are ready to continue investing in cryptocurrencies

Posted by  on  31/01/2022
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According to a Deloitte study, even amid the uncertainty of cryptocurrency regulation in India, more than half of investors are ready to continue investing in cryptocurrencies. Analytical company Deloitte, at the request of the Indian newspaper Times of India, conducted a study during which it polled 1,800 respondents from India about their willingness to invest in cryptocurrencies. The Deloitte report says that more than 50% of those surveyed intend to continue investing in cryptocurrencies, 26.8%

US Treasury: KYC law for non-custodial wallets will be reconsidered

Posted by  on  31/01/2022
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The US Department of the Treasury will consider requiring cryptocurrency platforms to provide information about clients transferring assets to non-custodial wallets. According to a US Treasury document, the KYC (know your customer) requirement for non-custodial wallets may be addressed in the current semi-annual agenda, which will be published in the Federal Register on January 31. The agenda sets out the priorities of the Ministry of Finance, but this does not mean that the rules will
CedarFX - Trade with the First Eco-Conscious Broker

CedarFX – Trade with the First Eco-Conscious Broker

Posted by  on  30/01/2022
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It’s not every day that you come across a broker with a vision to make a positive impact beyond the world of finance. CedarFX, however, is changing that perception. The leading online broker has recently launched a revolutionary Eco Account option to its traders, making it the first-ever Eco-conscious broker to exist! Through their various account options, CedarFX is dedicated to helping traders reach higher by offering ultra-high leverage and low spreads. Traders can get