Pakistan’s Federal Investigation Agency (FIA), which investigates serious and organized crime, said it will ask Pakistan Telecommunication Authority (PTA) to block websites dealing in cryptocurrencies, according to a report by Dawn.The proposal is intended to counter fraud and possible money laundering by blocking crypto-linked websites, FIA Director-General Sanaullah Abbasi … [Read more...] about Pakistan’s Crime Agency to Ask Telecom Authority to Block Crypto Websites: Report
Authority
Hong Kong Monetary Authority Issues Discussion Paper on Crypto Assets and Stablecoins, Seeks Views on Approach
"The approach has taken into account, among other things, the international recommendations, the market and regulatory landscape locally and in other major jurisdictions, and the characteristics of payment-related stablecoins," the announcement says. To facilitate the stakeholders in sharing their views, the HKMA has highlighted certain issues in the form of questions and … [Read more...] about Hong Kong Monetary Authority Issues Discussion Paper on Crypto Assets and Stablecoins, Seeks Views on Approach
Shiba Inu Launches Beta Version of DAO to Give Users More Authority Over Crypto Projects
Once the first phase is complete, using community feedback, Shiba Inu will release a newer version, called “DAO 2,” to allow the community to make generic proposals for consideration or review by a “Multisig-Team, and Breeds,” according to the blog. Source link … [Read more...] about Shiba Inu Launches Beta Version of DAO to Give Users More Authority Over Crypto Projects
Salvadoran Ambassador to US: Bitcoin Challenges Your Authority
By approving bitcoin as legal tender and announcing plans to build a “Bitcoin City,” El Salvador is one step ahead of everyone else in pushing the mainstream adoption of bitcoin, and that seems to be a threat to other countries, including the United States, according to Milena Mayorga, El Salvador’s ambassador to the U.S. Source link … [Read more...] about Salvadoran Ambassador to US: Bitcoin Challenges Your Authority
South Korea financial authority rules that NFTs are taxable
South Korea’s Financial Services Commission, or FSC, announced Tuesday that nonfungible tokens, or NFTs, will be taxed starting next year. According to The Korea Herald, this tax law amendment would impose a 20% tax on income from virtual assets that exceed 2.5 million won ($2,102) as of Jan. 1, 2022. The FSC’s vice chairman Doh Kyu-sang specified that only some NFTs would be … [Read more...] about South Korea financial authority rules that NFTs are taxable