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Crypto lawyer: 'User education is very important'

Web3/Crypto
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Irina Heaver, crypto lawyer at NeosLegal | Crypto Republique

Irina Heaver, a crypto lawyer at NeosLegal, emphasized the importance of user education in the cryptocurrency sector. She said that resources like "Binance Academy" and the internet facilitate staying informed and taking responsibility. Heaver made these remarks during her presentation at Binance Blockchain Week.

"Everybody should take individual responsibility, but that's where education comes in as well," said Heaver. "User education is very important. Binance has an academy, and there's so much information on the internet—it's almost your own fault if you don't know something. You can Google anything nowadays, right?"

Binance Academy, established in 2018, is an educational platform focused on blockchain and cryptocurrency. It offers over 1,000 articles, glossary entries, and courses covering topics such as blockchain, cryptocurrency, and Web3. The platform serves millions of learners worldwide in more than 30 languages and includes initiatives like the Learn and Earn program, University Outreach Program, Student Ambassador Program, and partnerships with online learning platforms and industry associations.

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According to the event's website, Binance Blockchain Week is a conference that gathers innovators, founders, investors, regulators, and officials to discuss the future of blockchain and Web3. This year's theme is "Momentum," which signifies how momentum drives the industry through challenges towards significant achievements.

Heaver is a partner at NeosLegal with over two decades of experience advising Bitcoin, Crypto, and Web3 projects. Since 2016, she has provided guidance on more than 250 projects related to token launches, fundraising, and market expansion in Dubai/UAE. Her work involves collaboration with venture capitalists (VCs), investors, governments, and regulators. She has also contributed to drafting cryptocurrency laws for several governments.

NeosLegal is a law firm specializing in advising Bitcoin, Crypto, and Web3 projects since 2016. The firm assists founders in complying with regulatory requirements while working alongside governments, regulatory agencies, and royal families to shape policies within the crypto and Web3 sectors.

Organizations Included in this History
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The UK cryptocurrency market continues to pose challenges for exchanges as they adapt to stricter regulatory requirements. Cryptocurrency exchange Bitget recently relaunched its UK platform after halting services in May 2024 to comply with the UK Financial Conduct Authority’s (FCA) Financial Promotions regime. This relaunch reflects Bitget’s efforts to align with the FCA’s evolving standards, aimed at enhancing consumer protection in the digital asset space.

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The Italian government recently announced a plan to increase the capital gains tax on bitcoin and other cryptocurrencies from 26% to 42%. This proposal, part of broader fiscal measures to support election pledges and reduce Italy’s fiscal deficit, has raised concerns among cryptocurrency investors and industry leaders.

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On November 14, the European Banking Authority (EBA) released comprehensive guidelines for Payment Service Providers (PSPs) and Crypto-Asset Service Providers (CASPs) to ensure alignment with European Union (EU) and national restrictive measures. These guidelines aim to reduce risks and strengthen compliance when transferring funds or crypto assets.

Nov 22, 2024

The UK government is set to introduce new cryptocurrency regulations aimed at countering the growing appeal of the United States as a destination for crypto businesses. In response to concerns of regulatory delays following Brexit, the legislation focuses on establishing a clearer framework for stablecoins and staking activities, with the goal of strengthening the UK’s position as a global hub for digital assets.

Nov 22, 2024

OpenAI, the world’s largest artificial intelligence company, has announced it will establish a new base in Paris.

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On October 30, UK Chancellor Rachel Reeves announced a capital gains tax (CGT) rate increase for high-income individuals, raising it to 24%. This change has raised concerns in the cryptocurrency community, where some investors fear that increased tax and regulatory pressures will diminish the UK's appeal for digital asset investment.

Nov 20, 2024