QuadrigaCX Crypto Exchange Could Soon Be Placed in Bankruptcy – CoinDesk
“Ernst and Young (EY), the court-appointed monitor for collapsed Canadian crypto exchange QuadrigaCX, has proposed transitioning the company from a restructuring process to bankruptcy proceedings.”
tags: CryptoAssets Liquidity CyberRisk Canada Blog
Crypto Lenders Push No-Tax Perk of Leveraging Bitcoin for Cash
Since crypto values plummeted last year, US lenders have been luring people with paper profits to leverage them into cash by borrowing against their hodlings. And because the IRS treats crypto money as a capital asset like stocks or property, not as a currency, there’s no tax bill on the transactions.
tags: CryptoAssets Taxation Blog
Malta: Financial Regulator Approves First 14 Crypto Assets Agents
The Malta Financial Services Authority has approved its first 14 crypto assets agents that previously sought for a license, five months after the Virtual Financial Assets Act came into power.
tags: CryptoAssets Regulation Blog
Pakistan Central Bank Eyes Digital Currency Launch by 2025
Pakistan’s central bank is considering the launch of a digital currency by 2025, in order to promote financial inclusion and reduce inefficiency and corruption. The central bank is also planning to make its services fully digitized and technology equipped by the year 2030.
tags: CryptoAssets CBDC Blog
Mastercard Introduces Consumer-Centric Model for Digital ID
Restoring Trust in a Digital World introduces MasterCard’s vision for digital identity and presents a detailed framework of how it will work.
XRP Exchange-Traded Product Goes Live on Swiss SIX Exchange – CoinDesk
“An exchange-traded product (ETP) tracking the price of the XRP cryptocurrency has gone live on Switzerland’s primary stock exchange SIX.”
tags: CryptoAssets Ripple ETFs Blog
Bitcoin soars 20 percent, mystery buyer seen as catalyst
Bitcoin burst to its highest level in almost five months on Tuesday, soaring 20% and sending smaller cryptos up, with analysts ascribing the move to a major algorithmic order by an anonymous buyer that triggered a frenzy of computer-driven trading.
tags: Bitcoin Blog CryptoAssets
Send money internationally for free via Coinbase
Coinbase customers can now transfer funds to any user with a Coinbase account around the world using XRP and USDCoin with no fee. The development enables users to send and receive money instantly, as well as convert them into local currency.
tags: CrossBorder Liquidity CryptoAssets Blog