El Salvador exempts foreign crypto investors from taxes, while over 500,000 users signed up in its Bitcoin wallet
    16 Sep 2021
    542 Views

    El Salvador announced the country is looking to exempt foreign investors from taxes on Bitcoin profits to encourage foreign investment. While “over half a million users” have registered in the country’s Chivo Bitcoin wallet, President Nayib Bukele said. According to Javier Argueta, the legal advisor to El Salvador’s President, the policy aims to encourage entrepreneurs…

    Google partners with NFT leader Dapper Labs to support blockchain-based Web 3.0
    16 Sep 2021
    546 Views

    Search engine giant Google partnered with Canadian blockchain firm Dapper Labs to help bolster Web 3.0 development, including blockchain gaming and the NFT marketplace. The blockchain company’s CEO Roham Gharegozlou tweeted about the deal on Tuesday, noting that the firm was “amped to welcome Google to the Flow blockchain.” According to Forbes, Google Cloud will…

    UAE regulators adopt a framework against money laundering for virtual assets
    16 Sep 2021
    538 Views

    Dubai-based UAE’s financial watchdog (NAMLCFTC) has adopted a regulatory framework for virtual assets. Regulators seek coordination among public and private sectors to combat money laundering and terror financing. As Gulf News reported, the UAE’s National Committee for Combatting Money-Laundering and Financing of Terrorism and Illegal Organisations (NAMLCFTC) has adopted a regulatory framework for virtual assets…

    First regulated virtual assets trading platform launches in Abu Dhabi
    16 Sep 2021
    492 Views

    The first virtual assets trading platform that is fully compliant with the Abu Dhabi Global Market (ADGM) virtual asset policy framework announced to be launched, as a result of the Emirates Blockchain Strategy launched in the UAE in 2018, which aims to transform 50% of government transactions into the blockchain platform by the end of…