Kyrgyzstan reportedly introduces regulations for crypto exchanges

The new regulatory framework aims to bring the legal status to cryptocurrency exchanges in Kyrgyzstan. The government of the Kyrgyz Republic is moving forward to cryptocurrency adoption by introducing a national regulatory framework for crypto trading platforms. Kyrgyzstan’s State Service for Regulation and Supervision of Financial Markets (Gosfinnadzor), a regulatory agency operating under the Ministry […]

Afghans Turn To Bitcoin Stability After Taliban Takeover

Bitcoin adoption in Afghanistan has increased as citizens seek stability in the face of cash shortages and rising prices after Taliban takeover. Afghans have been resorting to bitcoin for storing and exchanging value since the Taliban took over control of most of the country. On August 15, hundreds of residents of Kabul, the country’s capital, […]

Filipino Users Of Axie Infinity Subject To Income Tax

Regulatory bodies in the Philippines are looking into the popular game Axie Infinity, the blockchain game that has seen a meteoric rise across the globe, particularly in the Philippines. An official The Local Department of Finance recently said that earnings made from Axie Infinity will be subject to income tax. The Finance Undersecretary of the […]

The future for stablecoins like USDC

Centre, the consortium that includes Circle and Coinbase, let it be known in July that the backing of USDC was not all in cash, and hadn’t been so for more than a year. However, it has now announced that all backing will be in cash and short-term treasuries from September. Will the centralised stablecoin model […]