UK Treasury en route to legalizing stablecoins amid Terra’s UST crash
During the Queen’s Speech, Prince Charles announced the introduction of a bill that would help tackle illicit finance, reduce economic crime and help businesses grow.
South Korea announces ’emergency examination’ on Crypto; Details
With the Terra (LUNA) and UST debacle, crypto communities around the world have entered into a shock. Many countries are speeding up their regulatory policies in order to tackle such…
Solana (SOL) TVL Reaches 2022 Low; Crashes More Than $6 Billion
Solana total value locked (TVL) continued to plunge in the third week of May due to bearish trends in the market that have seen declining interest in decentralized finance (DeFi).…
Square Enix plans to issue tokens and invest heavily in Web3 gaming
The major game developer is reshaping its business strategy to include a more robust NFT ecosystem by investing in blockchain gaming infrastructure.
After the Terra-LUNA Fiasco, the UK wants to regulate Stablecoins
Following the collapse of TerraUSD (UST) and Terra (LUNA), the British Treasury Department has reaffirmed its resolve to regulate stablecoins. JUST IN: UK Government confirms they will regulate stablecoins following…
Crypto capital gains one of four key areas for Australian Tax Office
“Remember, you can’t offset your crypto losses against your salary and wages,” said ATO assistant commissioner Tim Loh.