Senate Finance Committee Chair Probing ‘Lack of Safeguards’ in Crypto Tax Incentives

Ron Wyden, a Democratic Senator, is investigating the activities of crypto firms that are taking advantage of the tax incentives they are offered by the Opportunity Zone program. The main concern of Senator Wyden is the perception that some of these companies could be exploiting what he referred to as the lack of transparency measures…

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Cryptocurrency A Main Source Of Aid For Battling Ukrainians

The co-founder of Near protocol and Ukrainian-born entrepreneur of cryptocurrency IlliaPolosukhin explains in detail how cryptocurrency has turned into a vital tool of support for Ukraine’s combat forces. IlliaPolosukhin who is the Near Protocol co-founder stated that the cryptocurrency is becoming the biggest and main driving factor of humanitarian support as well as some of…

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Malaysian Ministry Proposes NFT Legalization for Boosting Crypto

The adoption of crypto in Malaysia has been backed by the Ministry of Communications and Multimedia (KKMM), while the deputy minister is also calling on the country’s government for legalizing cryptocurrencies. According to reports on Monday, Datuk Zahidi Zainul Abidin, the deputy communications and multimedia minister, urged the regulatory authorities in Malaysia to give legal…

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US Lawmakers Introduce Bills forcing Crypto Exchanges to Cut off Russian Wallets

A bill will be introduced by Republican Brad Sherman in the House, which is directed at cracking down businesses in the United States that handle crypto transactions for Russian individuals and banks. On Thursday, Sherman spoke at a hybrid markup meeting that was conducted with the House Financial Services Committee. That’s when he disclosed that…

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