The Diem Association is shutting down. Silvergate Bank confirmed Monday that it’s purchasing the technology and other assets from Diem, the stablecoin project from Meta Platforms (formerly Facebook) first announced as Libra in June 2019. In a statement Monday, the Diem Association said it would “begin the process of winding down” both the group and […]

Thailand has axed plans to levy a 15% withholding tax on cryptocurrency transactions following pushback from the country’s crypto traders. Earned income on crypto trading or mining can be reported as capital gains on income taxes, tax officials said on Monday, according to a Financial Times report. The new rules would allow traders to offset […]

An economic group allied to the ideological organization behind India’s ruling party has for the first time revealed its stance on cryptocurrencies, demanding a ban on private digital currencies. A resolution passed at the 15th national convention of the Swadeshi Jagran Manch (SJM) in the Indian city of Gwalior also “quickly” sought a law to […]

Professionals in the luxury goods market have been thinking hard about how to transfer their largely physical business into the new digital era. Non-fungible tokens (NFTs) have proven their worth in guaranteeing the provenance of one-of-a-kind digital assets, but can they also be used to bridge the gap between physical and digital luxury items? NFTs […]