The Blockchain Association, alongside 75 member companies, has called on Congress to repeal the Internal Revenue Service’s new rule that classifies DeFi software as brokers. In a Wednesday letter to lawmakers, the industry coalition urged support for Senator Ted Cruz’s…
DeFi platform MANTRA Finance said Wednesday that it secured a Virtual Asset Service Provider (VASP) license from Dubai’s Virtual Assets Regulatory Authority (VARA). This achievement allows MANTRA to operate as a virtual asset exchange, offering broker-dealer and investment management services…
Compound Finance enjoys a leading position in the world of decentralized finance (DeFi). But what is the Compound protocol, and how does it work? On a high level, Compound Finance provides a well-tested crypto lending and borrowing platform. However, the…
The crypto community has taken to social media to express its grievances after the U.S. Treasury and Internal Revenue Service (IRS) launched their updated DeFi tax reporting requirements on Friday. As part of the regulation, digital asset brokers will be…
WhiteRock Finance launched its tokenized platform on December 24 to bring real-world assets such as stocks, bonds, and real estate to the blockchain. The platform supports tokenized trading of securities listed on the NYSE, Nasdaq, and LSE. According to the…