CRYPTOCURRENCY
Virtual Money Is Regulated In Alaska
Digital currency enterprises in Alaska must receive a money transmission license by January 1, 2023. Investments and monetary worth will incorporate virtual money. Investors in Alaska, South Dakota, Wyoming, New Hampshire, Nevada, Texas, Tennessee, and Florida still pay no capital gains tax.
Gate.io Closer To US Debut Following Local Licensing
Gate US, the U.S. branch of Gate.io, the fourth biggest cryptocurrency exchange by trading volume, claims it has operating licenses in multiple jurisdictions. Gate US would not specify what states it has gotten permits from but stated it is not accepting consumers from the nation at this time. It joins other top US exchanges by volume including Binance US and Gemini.
Crypto.com Injects $150M for its New France Ecosystem Development
Crypto.com to inject the sum of $150 million as it looks to build out its headquarters in France
Philippines Central Bank to Suspend Issuing Licenses to New Virtual Asset Service Firms
The central bank said it will stop processing licenses for new virtual asset services providers (VASP) for three years.
DLT Finance Receives BaFin Licenses to Launch Trading Platform for Digital Assets
The new platform is now offering a variety of digital asset services to institutional clients after receiving nine new trading licenses.
Alibaba Launches NFT Marketplace for Copyright Trading
Alibaba has launched a new marketplace for trading copyright licenses.