FameEX Morning Crypto News Recap | November 15, 2023

Adrian Day Cautions About Imminent US Recession, Likens it to Approaching 'Freight Train

Adrian Day, CEO of Adrian Day Asset Management, expressed concerns about an upcoming economic downturn in the United States during a recent interview. He conducted a thorough analysis of the Federal Reserve's actions and elucidated how they are likely to impact the nation's economy, highlighting potential challenges on the horizon.

Dapper Labs Teams Up with Disney to Introduce an NFT Pin Collection Platform

Dapper Labs, famous for NBA Top Shot NFTs, has launched Disney Pinnacle, a platform reimagining pin collecting in a digital format. It will showcase beloved characters from Disney, Pixar, and Star Wars. The waitlist for Disney Pinnacle is now open, promising to blend nostalgia with the world of digital collectibles.

Bim Afolami Assumes Role as UK's Economic Secretary with Focus on Crypto Policy

The UK government's November 13 announcement revealed Bim Afolami's appointment in a ministerial reshuffle. As the Economic Secretary, he will wield significant influence over policies related to the adoption of digital assets and central bank digital currencies (CBDCs) in the United Kingdom, reflecting the country's growing interest in cryptocurrency and CBDC developments.

South Korean Democratic Party Requires Parliamentary Candidates to Disclose Crypto Holdings

The Democratic Party of Korea, controlling 167 of 300 National Assembly seats, will require potential candidates to disclose their digital asset holdings before the 2024 general election to uphold "high moral standards." This measure aims to demonstrate the party's commitment to candidate transparency.

Australia Announces Capital Gains Tax for Wrapped Cryptocurrency Tokens

The Australian Taxation Office (ATO) has provided guidance on capital gains tax (CGT) treatment for individuals in the decentralized finance (DeFi) sector and the wrapping of cryptocurrency tokens. The ATO's guidance reaffirms its commitment to taxing Australians on capital gains associated with the wrapping and unwrapping of tokens in the DeFi space.