The South African Revenue Service (SARS) has activated the Crypto Asset Reporting Framework (CARF), extending global transparency rules to include cryptocurrencies and offshore accounts. This move aligns with the OECD’s Common Reporting Standard, which aims to enhance cross-border tax compliance. SARS has been intensifying its scrutiny on digital asset reporting as part of its efforts to modernize tax enforcement in South Africa.
Ripple CEO Brad Garlinghouse has been appointed to the CFTC Innovation Committee, which seeks to integrate leaders from the crypto industry to provide insights on fintech and blockchain advancements within derivatives markets. This move aligns […]
Ethereum’s supply is experiencing a significant contraction due to increasing institutional interest and a substantial portion of the supply being locked in staking. This reduction in the “liquid float” of ETH results from major financial […]
Compass Point has initiated coverage on Nebius, trading under the ticker NBIS, with a “Buy” rating and a price target of $150. The company, which is headquartered in Amsterdam, specializes in providing a comprehensive artificial […]