In a statement made earlier today, Cboe Global markets Inc. have announced that the company will be re-entering the crypto world. This comes after an agreement to acquire Eris Digital Holdings LLC was made, amid a growing appetite for the assets.
Personal comparison site Finder recently conducted a survey which took a look at how crypto assets are performing in different countries around the world. The survey highlighted which assets are most commonly owned in specific countries and in which countries do specific assets have the highest adoption rate.
South Korean lawmakers are inundating parliament with crypto tax delay bills. The National Assembly’s financial committees are in the midst of weighing up the values of four separate attempts to derail Seoul’s plans to implement 20% capital gains tax charges on all cryptocurrency trading profits over $2,100 (per year).
The crypto industry in South Korea is currently preparing itself for another potential round of crypto regulations. A financial regulatory chief has recently hinted that, after subjecting crypto exchanges to some of the most restrictive regulations in the world, the decentralized finance (DeFi) and non-fungible token (NFT) sectors would be regulated next.
India, Vietnam and Pakistan are all helping to lead the expansion of crypto markets in central and southern Asia. India's market grew by over 641% this past year and Pakistan's grew by 711%. India also has a 59% share of activity taking place on decentralised finance (DeFi) platforms, with Pakistan holding a 33% share.
According to a report that was commissioned by the Select Committee on Financial Technology and Regulatory Technology, Australia should create a new regulatory regime for cryptocurrency to encourage business onshore and to help the country to compete with the UK and Singapore.
During recent weeks, media outlets and lawmakers have been criticising the South Korean government’s plans to introduce a tax on crypto trading from 2022. Many have suggested that Seoul will have to back down from its plans.
Putin is the latest world leader to make a positive statement about crypto, saying that the digital asset is “not worthless” and that it has the “right to exist”. The president of Russia also added that it could one day find a niche in economies “as a means of accumulation.”
According to Benoit Coeure, both the world and the financial system as we know it is currently in an “age of disruption” The head of the Bank for International Settlements’ (BIS) has said that instead of letting “disruption run its course,” central banks should “harness the power of innovation” so that the best element of the current financial system can be preserved.
Coinsilium PLC recently saw its profits surge as its portfolio of blockchain, DeFi and cryptofinance start-ups increased in value alongside a surge of investor interest in cryptocurrencies and NFTs.