Author: Julian Maddox

The United Arab Emirates (UAE) has announced a significant change in its value-added tax (VAT) regulations, exempting transactions involving virtual assets, including cryptocurrencies. The amendments, retroactive from January 1, 2018, will come into effect on November 15, 2024, according to the UAE’s Federal Tax Authority (FTA). Key Amendments in VAT

A wallet-draining service based on The Open Network (TON) has announced its closure, citing a lack of high-value targets, or “whales,” within the network. The operators behind the scam shared their decision on 7th October via Web3 anti-scam platform Scam Sniffer, declaring that the relatively small size of the TON

The United States Health Sector Cybersecurity Coordination Center (HC3) has raised alarms about the rising threat of the Trinity ransomware, which targets sensitive data and demands cryptocurrency payments. According to HC3, at least one US healthcare entity has fallen victim to this emerging ransomware. Trinity ransomware targets critical infrastructure On

Toy manufacturer LEGO Group has reportedly taken down a scam promoting a fraudulent “LEGO Coin” token that appeared on its official homepage after hackers gained access on Oct. 5. The scam, which falsely promised “secret rewards” to those who purchased the so-called LEGO Coin, was visible for approximately 75 minutes

Ripple, the global blockchain-based payment provider, has partnered with Mercado Bitcoin, Latin America’s largest crypto exchange, to improve cross-border payments in Brazil. Announced on 3rd October, the collaboration will utilise Ripple’s blockchain-powered payment solution, focusing on institutional transactions between Brazil and Portugal. Streamlining Treasury Operations This partnership will initially focus

Kraken has launched a derivatives trading platform in Bermuda, following approval from the Bermuda Monetary Authority (BMA). The platform is now licensed under the island’s regulatory framework, positioning Bermuda as an increasingly attractive hub for crypto businesses seeking to expand. Class F License Secured Kraken’s legal entity, Payward Digital Solutions,

Taiwan’s Financial Supervisory Commission (FSC) has announced new Anti-Money Laundering (AML) regulations for virtual asset service providers (VASPs), which will come into full effect in 2025. This move aims to strengthen the country’s oversight of the crypto sector and align it with global standards. Key Features of the New Regulations