#cryptocurrencies
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Jack Dorsey: "Bitcoin is the Internet's Native Currency"
Jack Dorsey, the innovator behind Twitter's microblogging system, has had a profound impact on the online world, making waves far beyond those of Mark Zuckerberg and Elon Musk. He's not only an ardent supporter of cryptocurrencies but also the founder of a crypto literacy project. Celsius: SEC Darling to Debt Abyss!
Celsius Network, launched in 2017, was a crypto lending platform that adhered to SEC regulations. It enabled users to borrow cryptocurrencies and earn revenue from deposits. The native CEL token facilitated transactions and rewarded liquidity. With $903.8 million in funding, it was a promising venture. OECD Countries to Implement the Crypto Asset Reporting Framework
The Organisation for Economic Co-operation and Development (OECD) has introduced to its member nations CARF - an all-encompassing tax regime designed specifically for the crypto sector. It seems that cryptocurrencies are no longer serving as a "silent harbor" for anarchists who prefer not to share their hard-earned money with the government. Bittrex Seeks Dismissal of SEC Legal Dispute
In its court filing, Bittrex asserts that the SEC’s regulatory jurisdiction over cryptocurrencies as securities is lacking unless specifically granted by Congress. This challenges the SEC’s interpretation of existing securities regulations and aims to establish a clearer regulatory framework for digital assets. 
Slovakia Votes to Lower Crypto Taxes!
The National Council of the Slovak Republic, Slovakia’s parliament, has approved measures to lower taxes on cryptocurrencies and provide additional benefits for cryptocurrency holders. The amendment, passed on June 28, will reduce the personal income tax rate on profits obtained from the sale of cryptocurrencies held for at least one year. 
Cryptocurrencies Trapped by High Interest Rates
Analytical company Nansen has issued a report examining the impact of inflation on both the traditional and cryptocurrency markets. Their experts forecast global growth following the conclusion of the era marked by interest rate hikes and the implementation of transparent regulation. 
Cathie Wood: The ARK Invest Founder and Technology Advocate
Cathie Wood, founder and CEO of ARK Invest, has a keen eye for promising areas in technology, such as blockchain, cryptocurrencies, and other groundbreaking innovations. Renowned as a financial savant, Wood is admired for her strong appetite for risk-taking. Thailand and Singapore Against Crypto Staking and Lending
In a recent development, the Securities and Exchange Commission (SEC) of Thailand has implemented new regulations that require cryptocurrency exchanges and other entities to publicly disclose the potential risks associated with trading cryptocurrencies. The SEC Sets Its Sights on AI
The U.S. Securities and Exchange Commission (SEC) is broadening its horizons, extending its reach beyond BTC and altcoins to the AI market. This surprising development came to light when the former Chairman of the Commission discussed the latest regulatory initiatives involving cryptocurrencies. 
Why Are Cryptocurrency Exchanges Fleeing from Canada?
Multiple large cryptocurrency exchanges have ceased their operations in Canada, opting instead to collaborate with jurisdictions that display a friendlier attitude toward cryptocurrencies. They attribute this decision to the harsh regulatory requirements imposed by Canada. So, what are these demanding criteria? 
The IMF, in an article addressing CBDCs and cryptocurrencies in Latin America and the Caribbean, acknowledges, "While a few countries have completely banned crypto assets given their risks, this approach may not be effective in the long run."
Interestingly, the article places more emphasis on the benefits of Central Bank Digital Currencies (CBDCs) rather than cryptocurrencies, while also highlighting potential problems linked with digital assets.
Furthermore, the IMF recommends improving transparency by including cryptocurrency transactions in national data records. The Future of Money is Tokenization, Says BIS Report
Switzerland-based monetary authority, the Bank of International Settlements (BIS), has made public its plan to build a global "unified ledger" to facilitate Central Bank Digital Currencies (CBDCs) and tokenized assets. Even though it acknowledges the potential of tokenization, BIS has expressed its misgivings about decentralized cryptocurrencies. Deutsche Bank Pursues Digital Asset Custody Services
Deutsche Bank, one of Germany’s largest financial institutions managing $1.3 trillion in assets, is making significant move in the realm of digital assets. The bank has recently applied for a regulatory license to provide custody services for a range of digital assets, including cryptocurrencies.