Month: October 2024

A Financial Conduct Authority (FCA) official has emphasized the importance of high regulatory standards for crypto asset registrations. She defended the UK’s stringent rules, aiming to protect consumers and financial markets while fostering a competitive crypto sector. The regulator warned against relaxing standards, advocating instead for collaboration to build a secure foundation for sustainable innovation […] Source: https://news.bitcoin.com/uk-stands-firm-on-tough-crypto-regulations-warns-against-lowering-crypto-standards/

Yuichiro Tamaki, leader of Japan’s Democratic Party for the People, is advocating for significant cryptocurrency tax reforms ahead of the general election. His party proposes a 20% tax on crypto assets and aims to promote Japan as a web3 leader. The party also supports initiatives like increased leverage for crypto trading. Tamaki believes these changes […] Source: https://news.bitcoin.com/japans-election-heats-up-with-calls-for-crypto-tax-cuts-and-regulatory-reforms/

Japanese cryptocurrency exchange DMM Crypto has secured Neoclassic Capital, a Florida-based global investment firm, as its lead investor. DMM Crypto also partnered with Presto, a quantitative trading company. The investments will support DMM Crypto’s Seamoon Protocol, which aims to create a Web3 economic hub for businesses and creators. Bringing DMM Group’s IP Development Capabilities to […] Source: https://news.bitcoin.com/japanese-entertainment-giants-crypto-arm-in-partnerships-to-support-web3-economy/

Promoting Omegapro, a pyramid scheme that raised over $3 billion from over 3 million customers, might make a group of European football stars face legal action. Hundreds of users affected would be preparing to sue these individuals, alleging that they trusted the company, which offered yields of over 300%, due to the endorsements of these […] Source: https://news.bitcoin.com/football-stars-to-face-legal-actions-regarding-3-2b-pyramid-scheme-promotion/