NFT stamps and utility items, crypto taxation in UK, frozen USD 85 million + more news

Get your daily, bite-sized summary of crypto-active and blockchain-related news – examine the stories flying under the radar of today’s crypto news.

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NFT’s news

• The Austrian post, the country’s postal service, launched a new product category called Crypto stamp art (CSA) that focuses on digital collection, but the potential owners must first buy a physical stamp to get their NFT twin on the Ethereum (ETH) blockchain, according to Post & Pakke . The digital collection boxes will be launched on 22 July.
• Vincenzo Sospiri Racingmulti-Championship-winning GT team, it said with the support of Lamborghini Squadra Corseand in collaboration with the company’s NFT platform, Go2NFTthey are piloting a new scheme that will allow the team to test Go2NFT technology to certify racing car parts for authentication and auditing capability.

News about taxes

• The British government is seeking views on the taxation of cryptocurrencies and efforts within the framework of DeFi. They said they were particularly interested in finding out whether administrative burdens and costs could be reduced for taxpayers and whether tax treatment could be better aligned with the underlying economics of the transactions involved.

Legal news

• The the court of São Paulo – one of Brazil’s highest courts – has frozen around $ 85 million in crypto and fiat in the customer accounts of Capitala domestic neobank and the former partner of the crypto exchange Binance. Capitual and Binance have been locked in an increasingly bitter legal battle since the middle of last month. The Brazilian company had previously acted as a bridge between the Binance platform, but legal disputes between the parties have meant that customers have not had access to their coins for several weeks. Globo reported that Binance has assured customers in Brazil that the new partner, LATM Gatewayis currently being integrated – and that withdrawals and deposits will be resumed soon.

Regulatory news

• The Bank of England (BoE) warned in its financial stability report for July 2022 that “unless addressed, systemic risks will arise if the activity of cryptocurrencies, and its relationship with the broader financial system, continues to evolve”. They added that this proves the need for “improved regulatory and law enforcement frameworks to meet developments in these markets and activities.”

Crime news

• Maastricht University announced that an investigation of The Dutch prosecuting authority into a 2019 cyber attack on the university has been successful, and that around 500,000 EUR (USD 512,610) in crypto was seized.

Career news

• Ted Lin, growth manager at the crypto platform Binancehair left the company to «spend more time with [his] young family and be more flexible with [his] He added that he will “continue to immerse himself in crypto and Web 3, 4, 5”, as well as “continue to help promote the ecosystem through angel investment and mentorship”.
• Samir Shah, former banking giant JPMorganhead of asset management, has left the bank to take over the position of CEO of crypto-focused investment company Pantera capital.
• Great Britain Financial Conduct Authority (FCA) said it has appointed Matthew Long as Director of Payments and Digital Assets, a new role that oversees the e-money, payments and cryptocurrencies markets and leads related policy development. Matthew is currently Director of the National Economic Crime Command in National Crime Agency, which has a strategic leadership role for economic crime and illegal finance. He also led Britain Financial Intelligence Unit. He will join the FCA in October, according to the announcement.

Lending news

• Payment platform Wirex launched Wirex Credit, which offers interest and no set-up fees for crypto-supported loans. Users can borrow up to $ 100,000 in stack coins, with a loan-to-value (LTV) of up to 80% in the Wirex app, they said.

Investment news

• GFI securitiesa subsidiary of global brokerage BGC partnersannounced that it has arranged an intermediate block trade of CME Group Bitcoin (BTC) option contracts between crypto market makers Cumberland and banking giant Goldman Sachs.
• qiibeea blockchain-based B2B rewards marketplace, said it has raised $ 4.8 million following the completion of a seed funding round led by Z5 capital. Qiibee added that they have earmarked funds secured during this round for the growth of their global team, including in North America.