UK Financial Reforms Push for More Investment in Crypto Businesses
Chancellor of the Exchequer Jeremy Hunt shared a package of 30 regulatory reforms for the UK’s financial services, in an effort to boost economic growth post-Brexit. Issuing a digital pound, experimenting with blockchain and boosting investment in crypto businesses made the cut.
UK Extends Crypto Tax Break For Investment Managers in Financial Reforms
The U.K. has confirmed it will extend tax breaks for investment managers to cover crypto assets, after Prime Minister Rishi Sunak said he wanted to make the country a crypto hub.
Turkey Has an Obsession With Crypto — Specifically Dogecoin: Study
The crypto market slump doesn’t mean interest in crypto is also down. A new study from the cryptocurrency education platform CryptoManiaks revealed that many countries are still scouring the internet, hungry for crypto-related information.
Decentralized Identity: A New Era of Consumer Privacy
Most digital identities are currently tied to online platforms, meaning that users who use online services share their data with a specific company.
AVAX in Hostile Conditions, Will Technological Updates Come to Its Rescue
In a tweet posted on 8 December, the official handle of <a href="https://ambcrypto.com/avalanche-avax-rallies-over-the-past-week-but-do-not-celebrate-just-yet/">Avalanche [AVAX]</a> stated that it was improving its technology to benefit its validators. The platform would release new Banff 4 technology to improve bandwidth optimizations for existing validators.
Paraguayan Cryptocurrency Law Shelved After Presidential Veto
The cryptocurrency and mining law that the Paraguayan Congress passed in June was finally shelved on Dec. 5. The document, which sought to bring order to crypto mining and exchange activities in Paraguay, was ultimately dropped after failing to obtain the votes needed to reject the presidential veto it received.
BREAKING: Moscow Is Considering Legalizing Cryptocurrencies in 2023
Russia plans to legalize cryptocurrencies next year, according to sources in the State Duma, with the main aim of mitigating the impact of Western sanctions.
SEC Cautions Companies to Disclose Exposure to Crypto Businesses
On Dec. 8, the SEC’s Division of Corporation Finance released a statement “regarding recent developments in crypto-asset markets.”
What is Crypto Insurance?
Crypto insurance, like other types of insurance, aids in the coverage of expenses when terrible things happen.
Kevin O'Leary Lost the $15M he was Paid to be FTX's Sokesperson
Shark Tank star and investor Kevin O’Leary, known in some circles as Mr. Wonderful, has claimed he has all but lost the $15 million FTX paid him to be its official spokesperson. Speaking at CNBC’s Squawk Box on Dec. 8, O’Leary outlined that after taxes, agents fees, a $1 equity investment into FTX, and buying a whole lot of crypto that's now stuck on the FTX exchange, he's got nothing left to show for his time with FTX. (Cointelegraph)
