GIC Bets on Digital Assets

The blue chip focused Singapore sovereign wealth fund has invested in a crypto bank, in a signal that digital assets are here to stay.


Cryptocurrency theft on the rise

The increase in the value of cryptocurrency theft comes even as the sector continues to mature with exchanges, wallets, and other digital assets custodians investing in their security mechanisms against hacking.


European Central Bank demands veto for EU stablecoins

The ECB has also requested its rulings on stablecoins be binding on national authorities, and that those issuing stablecoins should be subject to the same liquidity requirements as banks and other financial institutions.


Mode raises £6 million from private placing

The firm says the new cash will be used to power a push into Open Banking and develop a loyalty and rewards engine for its mobile customers base, including a bitcoin rewards option.


The taxation of cryptoassets

An individual will be subject to income tax on the profits made when disposing of cryptoassets, if they are classed as ‘trading’.