Liquity price analysis: LQTY price falls to $1.26 as bears reclaim control

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  TL;DR Breakdown China is launching a rigorous campaign to regulate the growing NFT market, focusing on counterfeit and fraudulent activities. The country’s legal institutions are working to define the boundaries between innovation and potential crimes in the NFT sector. China is taking a proactive stance against the risks associated with Non-Fungible Tokens (NFTs). As the popularity of these digital asset certificates continue to surge, so do the risks associated with them, from financial to legal, and everything in between. Pseudo-innovation vs. true innovation China’s prosecutorial organs are tasked with navigating the fine line between genuine development and criminal activity. In the burgeoning world of NFTs, there’s a clear mandate to protect what Wang Xiafang refers to as “true innovation.” However, authorities are equally committed to identifying and penalizing “pseudo-innovation” — schemes designed to exploit the system under the guise of innovation, ultimately driving out the good. The NFT marketplace involves a complex web of stakeholders: copyright owners, creators, platforms, and buyers. Ideally, the copyright owner and creator are the same, promoting a smoother transaction process. But in cases where these…

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• BRICS’ India thinks de-dollarization is not possible

  TL;DR Breakdown The idea of sidelining the U.S. dollar in global trade remains distant, despite appeals for de-dollarization. India’s Oil Minister believes the dollar will continue to dominate international oil markets. Indian refiners have experimented with alternate currencies, like the yuan, due to sanctions on Russia. BRICS nations are exploring the idea of a common currency to strengthen their economic bloc. Description While global trade sees a flurry of currencies in motion, the idea of completely sidelining the U.S. dollar in favor of others, like the yuan, ruble, or rupee, remains a distant dream. Within the BRICS alliance, India stands firm in its belief that the mighty dollar’s dominance won’t wane anytime soon, despite the appeal of … Read more While global trade sees a flurry of currencies in motion, the idea of completely sidelining the U.S. dollar in favor of others, like the yuan, ruble, or rupee, remains a distant dream. Within the BRICS alliance, India stands firm in its belief that the mighty dollar’s dominance won’t wane anytime soon, despite the appeal of de-dollarization. The Lure of Local…

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• Exclusive: Do Kwon remains in handcuffs likely to face up to 6 months behind bars

  TL;DR Breakdown Cryptopolitan, on good authority, brings you the inside happenings at Do Kwon’s hearing in Montenegro.  Do Kwon will reportedly be taken into extradition custody in Montenegro as the courts consider handing him over to South Korean authorities. The sun has set down on Do Kwon, and it’s not a fun affair. Sources present in court have informed Cryptopolitan that Do Kwon will remain behind bars for a while. According to reports, Do Kwon is to remain in Montenegro custody for six months while the country’s courts consider an extradition request from South Korea. All goes against Do Kwon favor In March, the South Korean national and colleague Terra executive Han Chang-Joon were arrested in Montenegro for allegedly possessing forged documents. South Korean officials were already on the hunt for Do Kwon, and after his detention, both South Korea and the United States requested his extradition. Kwon is also facing potential imprisonment in Montenegro for document forgery. A few hours ago, Do Kwon appeared in court, and here is part of his footage. What remains clear is that Montenegro’s…

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• China’s new dawn? Central bank pitches reform roadmap

  TL;DR Breakdown China’s central bank adviser suggests macroeconomic tweaks aren’t sufficient to rekindle growth; holistic structural reforms are needed. Liu Shijin emphasizes demand-side reforms like equal public services for migrant workers and supply-side changes to boost entrepreneurship in emerging sectors. Amid concerns of dwindling investor confidence, there’s a call for Beijing to ideologically and politically recognize private businesses. Description China, the colossal economic powerhouse, might be at a critical crossroads. The nation’s central bank adviser suggests that simply fiddling with macroeconomic policies won’t reignite its growth. Instead, a holistic structural reform, celebrating entrepreneurship and innovation, is the route to reviving the economic giant’s lost momentum. A Shift in Economic Winds Gone are the days … Read more China, the colossal economic powerhouse, might be at a critical crossroads. The nation’s central bank adviser suggests that simply fiddling with macroeconomic policies won’t reignite its growth. Instead, a holistic structural reform, celebrating entrepreneurship and innovation, is the route to reviving the economic giant’s lost momentum. A Shift in Economic Winds Gone are the days when Beijing had vast avenues to play with…

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• Israel foreign residents could get tax-free crypto sales

  TL;DR Breakdown A bill recently passed a preliminary reading in the Israel parliament, the Knesset, which could grant foreign residents an exemption from capital gains taxes on the sale of digital currencies. The explanatory note accompanying the bill highlights the regulatory gap in the country’s digital currency industry and proposes legislative amendments to address this issue. One notable aspect of the bill is the separation of the terms “digital currency” and “security” which is in contrast to the proposed regulatory framework put forward by the Israeli Securities Authority (ISA). Description A bill recently passed a preliminary reading in the Israeli parliament, the Knesset, which could grant foreign residents an exemption from capital gains taxes on the sale of digital currencies. The bill, sponsored by Likud party member Dan Ilouz, also seeks to reduce the tax rate on crypto bonuses for employees from the current 50% … Read more A bill recently passed a preliminary reading in the Israeli parliament, the Knesset, which could grant foreign residents an exemption from capital gains taxes on the sale of digital currencies. The bill,…

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