European retail investors will likely feel the biggest effect of the MiCA regulations through more stringent data collection and the potential introduction of crypto taxation laws.
"This is even more personal after Gensler's SEC effectively froze our business opportunities here at home for years," the CEO wrote.
While Bitcoin’s (BTC) remarkable rise above $100,000 captured the attention of the financial world in 2024, a different segment of the cryptocurrency landscape is quietly gaining traction: stablecoins. Mainstream financial players such as Visa, PayPal, and Stripe are increasingly investing in stablecoin projects—cryptocurrency tokens designed to maintain a stable value, typically pegged to the US […]
In recent weeks, the crypto industry has been celebrating significant political shifts, with a pro-crypto President-elect and key appointments signaling a potentially favorable environment for digital assets in the United States. As reported by Bloomberg, the landscape seems to be changing, prompting optimism about the future of cryptocurrencies. Trump Administration Appointments Signal New Era For […]
Do Kwon, the South Korean entrepreneur behind the failed cryptocurrencies TerraUSD and Luna, is set to appear in a Manhattan federal court on Thursday, facing serious criminal fraud charges. This follows his recent extradition from Montenegro, where he had been detained for over a year after attempting to use falsified travel documents at the country’s […]
The Indonesian government is reportedly racing to finalize the authority transfer to oversee the crypto industry from the Commodity Futures Trading Agency (Bappebti) under the Trade Ministry to the Financial Services Authority (OJK) ahead of its approaching deadline. Related Reading: Montenegro Extradites Do Kwon: Authorities Hand Terra Founder Over To The FBI Indonesia’s Crypto Oversight […]
The approval makes Binance the first crypto exchange to have a broker-dealer license in Brazil.
A Hong Kong legislator has proposed leveraging the “one country, two systems” framework to add Bitcoin to its national reserve for financial stability.
Bitcoin crossed $100K, marking a bullish year. Still, legal battles, regulatory crackdowns and poor decisions tested the industry.
Although the US dollar has lost over 90% of its value since 1913, it continues to dominate all other fiat currencies as a store of value.
The lawsuit alleges that the IRS’ latest rulemaking exceeds the agencies’ statutory authority and violates the Administrative Procedure Act.
As Bitcoin (BTC) hovers around $92,000 and the critical $100,000 resistance level, the cryptocurrency market is rife with speculation about its next movements. Prominent crypto analyst Ali Martinez recently outlined potential scenarios for BTC’s future, suggesting that a steep correction may be on the horizon. Crypto Experts Signal Concerns In recent social media posts highlighted […]
In a significant development for the cryptocurrency landscape, the US Internal Revenue Service (IRS) has finalized regulations that will require decentralized finance (DeFi) brokers to report gross proceeds from digital asset transactions. IRS Classifies DeFi Platforms As Brokers Under the new regulations, which will take effect in 2027, DeFi platforms acting as front-end service providers […]
The regulation is set for implementation on Feb. 25, 2025, enabling the country's crypto service providers to halt "risky" crypto transactions with insufficient user information.
The US tax regulator, the Internal Revenue Service (IRS), has restated its stance on cryptocurrency staking, clarifying that rewards generated from staking activities are taxable as soon as they are received. The IRS added that staking rewards do not constitute new property, and are therefore subject to immediate taxation upon generation. IRS Confirms Crypto Staking […]
ASIC sues Binance Australia for misclassification of clients. Interpol targets Hex’s founder with a Red Notice. Tornado Cash updates emerge.
Cathie Wood, CEO of ARK Invest, has reiterated her optimistic outlook on Bitcoin (BTC) in a recent interview with Bloomberg, suggesting that significant political and regulatory changes could propel the cryptocurrency to new heights. Bitcoin To Exceed $1 Million By 2030? With the election of Donald Trump, Wood anticipates a surge in private-company acquisitions that […]
Amid yesterday’s crypto market slump, the US Securities and Exchange Commission (SEC) approved the first-ever dual Bitcoin (BTC) and Ethereum (ETH) index exchange-traded funds (ETFs) from Franklin Templeton and Hashdex. The ETFs are scheduled for launch in January 2025. SEC Approves First Dual Bitcoin-Ethereum Index ETFs For the first time, the US financial regulator has […]
Michael Saylor, co-founder and chairman of business intelligence firm MicroStrategy, has unveiled a comprehensive crypto framework aimed at further integrating Bitcoin and other digital assets into the US economy. Shared via social media on Friday, Saylor’s proposal comes at a time of increasing institutional interest in cryptocurrencies and aims to position the United States as […]
Cryptocurrency traders in Hong Kong now have a choice of seven platforms for buying and selling four cryptocurrencies.
In a potential win for the crypto industry, the Senate Banking Committee has canceled its vote on the reappointment of US Securities and Exchange Commission (SEC) Commissioner Caroline Crenshaw, known for her critical stance on Bitcoin and other digital assets. This development, reported by FOX Business journalist Eleanor Terrett, means that Crenshaw will not secure […]
The Income Tax Appellate Tribunal (ITAT) in Jodhpur, India, has today clarified the taxation of crypto transactions conducted before the financial year (FY) 2022-2023. According to the ruling, profits from all such transactions will be treated as capital gains. ITAT Gives Clarity On Pre-2022 Crypto Taxation In what is considered a landmark ruling for India’s […]
The UK Financial Conduct Authority (FCA) has released a discussion paper outlining several proposals and inviting public feedback on crypto regulations in the country. Notably, one proposal seeks to ban public crypto offers from non-regulated entities. Cryptocurrency Public Offers Draw The FCA’s Attention According to the FCA, the proposals – detailed in the discussion paper […]
Bitpanda has secured in-principle approval from Dubai’s VARA, paving the way for its entry into UAE’s growing crypto market and advancing its global expansion strategy.
Excluding memecoins, there are currently tens of thousands of cryptocurrency tokens and coins, with more being developed every day.
The FIT21 market structure bill passed the House of Representatives in May 2024 with bipartisan support by a 278-136 margin.
In an important victory for the crypto industry, Rep. French Hill, a Republican from Arkansas, is expected to become the next chair of the House Financial Services Committee after being endorsed by the GOP’s steering committee. This move implies a favorable trend in cryptocurrency regulation under President-elect Donald Trump’s administration, which has already made key […]
On Thursday, the Texas House of Representatives took a significant step toward integrating cryptocurrency into state financial strategy by introducing a bill aimed at establishing a strategic Bitcoin reserve. Sponsored by Republican state Representative Giovanni Capriglione, the proposed legislation seeks to allow the state to accept taxes, fees, and donations in Bitcoin, with the intention […]
As the market continues its massive rally, Ukrainian lawmakers are preparing to legalize crypto soon officially. Local reports revealed that the parliament is working on a draft law but is not considering tax exemptions for digital assets. Related Reading: Coinbase CEO Slams Anti-Crypto SEC Commissioner, Urges Senate To Vote Her Out Ukraine Prepares To Legalize […]
As the cryptocurrency exchange FTX, once run by convicted founder Sam Bankman-Fried, continues its bankruptcy proceedings, significant developments have emerged regarding the recovery of funds for affected users. A recent court filing reveals that debtors in the case have successfully recovered millions of dollars in political donations made by Bankman-Fried and his associates. How FTX […]