Kenya has announced its decision to apply a 1.5% tax on commissions earned by foreign crypto companies from their customers. The new regulations encompass all foreign crypto exchanges that generate interest by facilitating the buying and selling of digital assets in Kenya. This move is an extension of the existing 1.5% digital tax service enforced
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Binance, a major cryptocurrency exchange, is preparing to launch “Binance Japan” next month by rebranding the Japanese exchange it acquired last year. In November 2020, Binance purchased shares in Sakura Exchange BitCoin (SEBC) trading platform, which has now been renamed under the Binance brand, according to an official SEBC notice and Japanese media outlet CoinPost.
Cross River Bank has been issued a consent order by the Federal Deposit Insurance Corporation (FDIC) that demands further oversight, according to an announcement made on April 28. The FDIC has suggested that the bank has been engaging in “unsafe or unsound banking practices” regarding fair lending laws and regulations. As part of the order,