According to Zac, CEO of BlockFi, the cryptocurrency lending platform has modified its services. It has increased its deposit rates and removed the one free-fee monthly withdrawal. This announcement comes after the firm secured a loan of $250 million from FTX. Also, the firm had laid off over 20% of its employees due to the…
As the usage of digital assets and criminal activities grows, regulation becomes a necessity. Governments are striving to keep up with the innovative crypto industry. This accounts for the rise in crypto regulations recently. These regulations aim to protect the funds and rights of investors in the crypto space. BTC Markets Receives License From ASIC …
According to reports, a ministerial panel in India will meet next week. The purpose of the meeting is to discuss the GST (Goods and Services Tax) on crypto transactions. Indian Panel To Discuss Crypto Tax Beginning 28th Of June According to Bloomberg, the panel would comprise state and federal finance ministers. The report states the…
In the latest regulatory action, Iowa has fined BlockFi over $943k. This was after the crypto firm allegedly sold unregistered securities to the public. In addition, the regulatory agency ordered the exchange to stop making false statements about securities. The Iowa Insurance Division (IID) Fines BlockFi Over $934k The IID is a regulator that handles…