The Nigerian government is looking to impose taxes on the cryptocurrency industry. The Federal Inland Revenue Service (FIRS) plans to introduce a new tax law to achieve this. Despite being a major crypto market, Nigeria currently receives minimal tax income from crypto-related activities. The FIRS is seeking support from the Nigerian National Assembly to implement […]
Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news from the past week. In this issue: El Salvador attracts $ 1.61 billion in investments for its economic overhaul plan, the Venezuelan government blocks Binance using a state-owned ISP, and the Paraguayan justice system convicts an individual for energy …
President Nayib Bukele used his personal X account to present the third phase of his economic plan for El Salvador. Titled “Logistics,” this new phase will entail raising private investments to modernize the country’s port infrastructure. The first step involves an investment of $ 1.61 billion to modernize the Acajutla and La Union ports. …
In a decisive move following a significant security incident, Ledger, a well known crypto hardware wallet manufacturer and security firm, announced a response plan. Approximately $ 600,000 in assets were stolen from users due to an exploit involving blind signing on EVM decentralized applications (dapps). Ledger detailed on Dec. 20, 2023, that it has …
Billionaire Elon Musk, the CEO of Tesla and Spacex, has underscored the need for “comprehensive deregulation.” He made this call in response to several actions by the U.S. Securities and Exchange Commission (SEC) that he believes are severely constraining our civilization. This comes after his prediction of a “comprehensive overhaul” of the SEC with 100% […]