Crypto


Finance

My Big Coin Founder Gets 8-Year Jail Sentence for Fraud

Randall Crater, 52, was convicted in July of defrauding investors of more than $6 million.

French authorities sentenced two men to jail for using crypto to fund terrorism in Syria (Shutterstock)

Policy

India's Crypto Tax Amendment Could Punish Evaders With Jail Time, Attorneys Say

In 2022 India instituted a 30% tax on profits and a 1% tax deducted at source (TDS) on all transactions for the crypto sector.

Indian Finance Minister Nirmala Sitharaman, right, with U.S. Treasury Secretary Janet Yellen. (Indian Finance Ministry)

Policy

UK Finance Ministry to Propose Broad Rules for Crypto, Invites Industry Feedback

The Treasury also gave crypto companies a time limited exemption to approve their own crypto promotions until more regulation comes.

The FCA's head of markets oversight, who also oversaw crypto AML enforcement, is stepping down. (Unsplash)

Policy

Kazakhstan Looks to Tighten Rules for Crypto Exchanges After FTX Collapse

The Astana Financial Services Authority is seeking market feedback on new rules targeting operational resilience and separation of customer assets.

Flag of Kazakhstan (Gwengoat/Getty Images)

Finance

Coinbase Exec Says Institutional Investors Still Into Crypto Post-FTX

David Duong, head of institutional research at the exchange, says the collapse of Sam Bankman Fried's platform didn’t lead to a pullback.

David Duong, head of institutional research at crypto exchange Coinbase, told CoinDesk TV, that institutional investors have remained committed to crypto, even after the collapse of FTX. (LinkedIn)

Policy

Crypto India Looks for Relief but Holds Out Little Hope in Budget Speech

India is unlikely to make any crypto related tax cuts, multiple sources said.

Nirmala Sitharaman (right) with U.S. Treasury Secretary Janet Yellen (Indian Finance Ministry)

Policy

Philippines Securities Regulator Seeks Comment on Draft Crypto Rules

Draft laws published this month seek to bring crypto assets under the purview of the country's Securities and Exchange Commission.

Manila, Philippines. (Alexes Gerard/Unsplash)