Innovation

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In recent years, there has been a significant surge in lobbying expenditures within the crypto industry. A new study by Social Capital Markets has revealed a staggering 1,386% increase in lobbying spend by crypto companies, rising from $2.72 million in 2017 to $40.42 million in 2023. This increase highlights a significant acceleration in lobbying efforts,
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Russia’s Ministry of Finance has put forward a proposal that could potentially revolutionize the way digital assets are traded. The proposal suggests that traditional exchanges be allowed to handle digital asset trading, but only for a select group of investors. This move is aimed at creating special regulations for organized trading in digital currency, treating
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A recent proposal by South Korean lawmakers suggests delaying the implementation of crypto gain tax until 2028. The ruling political party put forward this bill on July 12, pointing to the prevailing negative sentiments surrounding the crypto industry as the primary rationale behind the extension. The lawmakers emphasized that the current investment sentiment towards virtual
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The UK Law Commission recently released a scoping paper discussing the potential legal classification of Decentralized Autonomous Organizations (DAOs) within the country. DAOs, which are blockchain-based communities formed around a common purpose, have been hailed as the future of corporate governance. However, the Commission emphasized the difficulties in defining and categorizing DAOs due to the
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The US Securities and Exchange Commission (SEC) has made headlines recently with its decision to accept a proposal that provides exceptions for certain institutions affected by the controversial Staff Accounting Bulletin No. 121 (SAB 121). This move has significant implications for financial institutions and crypto holders alike as it alters the way crypto holdings are