Coinext Crypto Exchange CEO Highlights Competitiveness Driven by Brazil’s Crypto Regulatory Environment José Ribeiro, the CEO of the cryptocurrency exchange Coinext, shared his perspective on Bitcoin and the crypto landscape in Brazil during the Web Summit in Lisbon. During the Web Summit, Ribeiro discussed the vibrant crypto economy in Brazil and the growing competition in the country’s payments sector due to regulatory clarity. He highlighted that while cryptocurrency might be “out of fashion,...

Turkey’s New Crypto Asset Regulations Expected in 2024 – Focus on Taxation and Licensing Turkey officials confirmed that the nation is considering debuting a new crypto market regulation, effective 2024. The regulation will emphasize addressing crypto licensing and taxation, per a Reuters report. Turkey is seeking to address concerns raised by the Financial Action Task Force (FATF) and to overcome its ‘grey-list’ status. The country ranked fourth globally in crypto transaction volumes in 2022, a...

UK Appoints Bim Afolami as Economic Secretary to Oversee Crypto Regulation Bim Afolami has been appointed as the economic secretary to the Treasury of the United Kingdom, where he will have authority over policies that impact the adoption of digital assets and central bank digital currencies within the country. According to a recent announcement by the UK government, the appointment is part of a restructuring effort involving ministers and secretaries. Under the administration of UK Prime Minis...