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LUNC is up roughly 60% this week, including a nearly 20% rise over the past 24 hours, CoinDesk data shows. USTC, meanwhile, has almost quadrupled in price. For perspective, the USTC rally has only brought the price to $0.05 versus its original price peg of $1. Original Source
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The investigation into Tomya was seemingly triggered by a complaint by an investor, Musa Ekmekçioğlu. He claimed he was defrauded of $211,500 by someone introduced to him by a Tomya employee. Along with Usta, a consultant who worked with Tomya for a short period was also detained, according to CoinDesk
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"Abu Dhabi is more institutional and more focused around asset management, and that's exactly what Copper is; we only have institutional clients," Tokarev said in an interview. "While there isn't a huge retail market here, you will find all the big institutions, hedge funds and sovereign wealth funds." Source
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Even though Binance acts as an approved broker in some places overseas, it still has to meet many legal requirements to handle securities activities in the Philippines under the country’s Securities Regulation Code. The Philippine Securities and Exchange Commission (SEC) has greatly increased its regulatory fight against the global crypto trading
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Recent scams in the Hong Kong crypto scene has prompted calls for tighter regulation and increased regulatory powers to tackle crypto fraud. Hong Kong is contemplating tightening regulatory measures to tackle crypto scams, as Chief Executive John Lee Ka-chiu announced a review of legislation following an alleged fraud of HK$148 million ($19
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His Majesty’s Revenue and Customs (HMRC) has issued stern instructions to crypto users that they must declare and pay their taxes on digital assets within a strict timeframe or face the consequences. The tax office guidance on how to go about declaring and paying taxes on their crypto holdings published
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If a crypto firm starts acting like a bank, it should be regulated like one, which won't be easy, said Andrea Enria, chair of the supervisory board at the European Central Bank (ECB), during a Wednesday interview with four European Union media outlets. Source
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Users who have already made crypto tax disclosures to the U.K. Treasury have 30 days from the disclosure date to make all necessary payments. If the deadline is not met, the Treasury will take steps to recover the money, and users may face penalties, the post said. Source
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Cryptocurrency miner Phoenix Group has delayed its listing on the Abu Dhabi Securities Exchange. Bitcoin (BTC) mining firm Phoenix Group has moved the date for going public on the Abu Dhabi Securities Exchange (ADX). According to a press release published on Nov. 28, 2023, the firm has rescheduled the listing date to
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