Author: Areeba Rashid

Hong Kong cracks down on crypto fraud, Thailand taxes foreign income, and more regulatory moves. Hong Kong authorities have taken swift action against an unlicensed crypto exchange, JPEX, arresting six individuals on fraud allegations. In response, the government is intensifying efforts to educate investors about the importance of utilizing platforms with Securities and Futures Commission licenses. According to a recent report, Thailand’s Revenue Department plans to implement personal income tax on foreign revenues, including those from cryptocurrency trading, for individuals residing in Thailand for over 180 days. This policy change closes a previous loophole and obligates individuals to declare overseas…

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Binance’s potential European stablecoin delisting sends shockwaves in the crypto World, navigating regulatory rapids with MiCA compliance on the horizon. In a startling revelation that has sent ripples through the crypto sphere, Marina Parthuisot, the head of legal affairs at Binance France, has unveiled a potentially game-changing decision made by the crypto behemoth. Binance, one of the world’s largest cryptocurrency exchanges, is mulling over the possibility of delisting the bulk of its stablecoin offerings for European investors by June 2024. The genesis of this unprecedented move lies in Binance’s proactive stance to align itself with impending European regulatory measures, particularly…

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The SEC’s access to Binance.US software is restricted, escalating the dispute as CZ responds on social media, while Ceffu’s role remains enigmatic. In a recent courtroom showdown, a federal judge denied the United States Securities and Exchange Commission (SEC) unrestricted access to Binance.US’s software. This decision, handed down on September 18, has intensified the ongoing dispute between the SEC and Binance, prompting Binance CEO Changpeng Zhao (CZ) to take to X (formerly Twitter) to address a key point of contention. The primary concern revolves around the role of Ceffu within the Binance.US ecosystem. Binance.US had previously agreed to comply with…

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Shocking Ethereum DeFi Breach Conic Finance Hacked, $3.2M ETH Stolen. Investigation Underway Beosin Alert Reports on July 21. A severe security issue on the Ethereum Omnipool has been reported by Conic Finance, a well-known liquidity pool balancing platform linked to the decentralized finance (DeFi) protocol Curve. A startling $3.2 million worth of Ether (ETH) was taken from the network as a result of the breach. The alarming exploit came to light through Beosin Alert, a trusted Web3 risk-alert source, which reported the massive breach on July 21. In a single transaction, nearly the entire sum of pilfered cryptocurrency was swiftly…

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