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The top 10 countries in the world for crypto business in 2024 are: Dubai, Switzerland, South Korea, Singapore, USA, Estonia, Italy, Russia, Germany, Brazil. It is reported that Dubai scores the highest in terms of regulatory clarity, exemption from capital gains tax, favorable corporate tax (9%) and affordable licensing fees, making it the number one cryptocurrency destination. (Socialcapitalmarkets)
Two people have been arrested by the UK's Financial Conduct Authority and the Metropolitan Police on suspicion of illegally operating a cryptocurrency business worth $1.30 billion, and the Financial Conduct Authority has said it will do everything in its power to stop cryptocurrency companies from operating illegally.
Revolut, a British financial tech giant with about 10,000 employees worldwide and 1,300 in the UK, said it would move to its new headquarters in London's Canary Wharf next year and hire 4,000 staff. Revolut said that as an early adopter of cryptocurrencies in the fintech space, the company is looking to partner with more cryptocurrency wallets such as MetaMask. The company also said it hopes to hire 12 new employees for its new cryptocurrency business.
Mr. Barr, the Fed governor, said regulators were exploring "targeted adjustments" to existing liquidity rules as they review the regulatory treatment of certain types of deposits, including those related to venture capital or cryptocurrency businesses.
WisdomTree Prime, WisdomTree's digital currency app, has been launched in New York, giving users access to digital assets such as Bitcoin and Ethereum. However, CEO Jonathan Steinberg has come under pressure from shareholders over the company's foray into decentralized finance. Graham Tuckwell, the company's largest shareholder, has expressed opposition to Steinberg's initiative and called on investors to oppose his re-election. Tuckwell pointed out that Steinberg's decentralized finance initiat...
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