The platform by One Trading is a trailblazer in offering BTC/EUR and ETH/EUR perpetual futures trading pairs in the EU. By securing an OTF (Organised Trading Facility) licence from the Dutch Authority for the Financial Markets (AFM), One Trading is poised to revolutionize the trading of derivatives and introduce crypto futures within the EU territory.

This platform stands alone as the first worldwide to provide real-time settlement of all derivative positions 24/7, boasting a sub-1-minute settlement time. Recognized as the swiftest trading venue globally, it can process over 1 million orders per second and has public execution latencies of less than 70 microseconds. This is achieved while maintaining seamless horizontal scalability without any performance compromise. As the solitary regulated exchange that merges derivatives product creation and trading without external clearing, One Trading is a game-changer in the financial market infrastructure by eliminating costly post-trade processes in favour of a more clear, safe, and robust structure.

One Trading ran a rigorous testing phase before the official launch, with several market participants now live on the platform to provide liquidity. The forthcoming weeks will see the expansion of One Trading’s platform to include eligible retail clients.

CEO Joshua Barraclough commented on the launch, stating: “The advent of our perpetual futures platform marks a significant achievement in our three-year journey. We have always aimed at simplifying trading by making markets accessible, transparent, and cost-effective. Today, we are realizing that vision by introducing a fully regulated, vertically integrated onshore exchange for perpetual futures. Customers will no longer have to shoulder heavy fees in margin to access leverage, trade CFDs or resort to trading on unregulated offshore venues.”

About One Trading: One Trading, headquartered in the Netherlands, is the first perpetual futures trading venue in the EU. It is dedicated to providing a secure, swift, and scalable platform for trading crypto-assets and derivatives. With an emphasis on innovation and regulatory compliance, One Trading is setting new industry standards and offering unparalleled services to its customers. More information can be found on our Website, X, or LinkedIn.

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Endorsement of MiCA Marks a New Era in Crypto Asset Regulation

Tuesday’s unanimous vote by the Economic and Financial Affairs Council of the European Union – comprising the finance ministers of all member states – highlights the collective intent to bring the crypto industry under a more robust legal framework. The ministers approved amendments to the highly anticipated MiCA regulation, setting the stage for its phased implementation from 2024 onwards.

Today’s approval in Brussels reflects the amendments passed by the European Parliament in April, thus pushing other countries, including the United States and the United Kingdom, to bolster their regulatory mechanisms. The call for stricter oversight has been amplified following recent industry disruptions, such as the FTX collapse and the TerraUSD stablecoin implosion.

According to Elisabeth Svantesson, Sweden’s finance minister, recent developments underscore the urgent necessity for regulatory norms that protect European investors in these assets and prevent potential misuse within the crypto sector for money laundering and terrorism financing.

MiCA: A Possible Blueprint for US Crypto Regulation

Since its inception in 2022, MiCA aims to become the first official regulatory framework governing the crypto industry. Once enacted, it will safeguard consumers from fraudulent activities, offering clarity and transparency to the industry. The regulation mandates crypto companies to comply with rules that meticulously define various industry aspects. Furthermore, companies will need to secure approval to operate within the EU, assuming liability for any potential loss of investors’ assets.

MiCA covers a broad spectrum of cryptocurrencies, utility tokens, digital assets, and stablecoins, clearly delineating how these and related services should be conducted across the EU.

In contrast, the US has made minimal progress in enhancing its industry oversight. However, SEC commissioner Hester Peirce believes that MiCA offers a balance between consumer protection and promoting innovation, making it a potentially viable model for the US to follow.

Disclaimer: This article is for informational purposes only and should not be construed as legal, tax, investment, financial, or other advice.

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Are you staking on the Ethereum network and worried about protecting your IP address? Fear not! In this article, we’ll go over some tips and tricks to keep your staking private and your IP address hidden from prying eyes. Let’s dive in!

Hiding in Plain Sight: Protect Your Ethereum IP Address

The first and most straightforward tip to protect your IP address on the Ethereum network is to use a Virtual Private Network (VPN). A VPN is an encrypted connection that routes your internet traffic through a remote server, masking your IP address and effectively making it look like you’re browsing from another location. By using a VPN, you can keep your staking private and secure while remaining anonymous.

Another way to protect your IP address is to use a proxy server. A proxy server acts as an intermediary between your computer and the internet, forwarding your requests and hiding your IP address. This is an excellent option for those who don’t want to use a VPN or can’t afford it. However, using a free proxy server can be risky, as some of them might be malicious and steal your data. Make sure to do your research and use a reputable proxy service.

A Golden Tip to Keep Your Staking Private on Ethereum Network

The golden tip to keep your staking private and protect your IP address on the Ethereum network is to use a hardware wallet. A hardware wallet is a physical device that stores your private keys and signs transactions offline, effectively eliminating the need for your IP address to be exposed in the first place. By using a hardware wallet, you can keep your staking private and secure while avoiding any potential online threats.

In conclusion, protecting your IP address on the Ethereum network is crucial to keep your staking private and secure. By using a VPN, a proxy server, or a hardware wallet, you can keep your identity anonymous and protect your assets from potential hackers. Remember to stay safe and do your research before using any privacy tools on the internet.

We hope you found this article useful and informative. If you have any additional tips or suggestions, feel free to leave them in the comments below. Happy staking!

The post Keep Your Staking Private: Tips to Protect Your IP Address on Ethereum Network appeared first on Crypto Market Insights: Dive In with CryptoUpdate.io.

Crypto and Taxation

The much crucial question for taxation is mainly about reporting of Bitcoin or reporting of crypto asset at the time of filing the ITR. However, Crypto has also purchase from the exchanges based at India may not be consider being the foreign asset. Hence, normal provisions such as holding of different asset will also be applicable. Hence, till the total income is almost less than 50Lakh, you need not to worry and also you need not to simply report it in the ITR.

So, the question is that when should you report the crypto while filing of the ITR? When the total income gets cross 50 Lakh INR, so you will have to file the ITR-2. This also show bitcoin and different types of the crypto as the asset in schedule of Sch-AL for ITR-2.

In case you have purchased the currency through different exchanges or through the intermediary which are mainly based outside India. The currency holdings will even be consider like the foreign asset. On the other hand, you should also need to report in the ITR if the total income is absolutely less than almost Rs 50 Lakh.

Definitely, you should also report income as well as the sale of the crypto assets as well as updates of budget updates. You should know that this would also be taxed for 30% from the next financial year.

The post How to report Crypto Tax & how will it get taxed? appeared first on Crypto Market Insights: Dive In with CryptoUpdate.io.