RAKBANK, holding AED 88.3 billion in assets, has become the first conventional bank in the UAE to offer Bitcoin and cryptocurrency trading services to retail customers. This move marks a significant step in bringing digital assets into mainstream banking. By allowing everyday customers to trade crypto directly through its platform, RAKBANK is making digital currency …
Georgia is one of the top 10 bitcoin-friendly countries with a favorable tax regime. It has the second-highest bitcoin mining hashrate, making it a leader in the global crypto sphere. With low-cost electricity, the country is attracting new crypto startups and investors for crypto-related activities. Cryptocurrency is not considered legal tender in Georgia; however, owning …
In a major move for the region, OKX has become the first global crypto exchange to offer regulated crypto derivatives to retail investors in the United Arab Emirates. This expansion falls under the Dubai Virtual Assets Regulatory Authority (VARA)’s pilot program, opening the door for everyday traders to access more advanced tools. OKX Brings Derivatives …
Following the establishment of GENIUS Act, major US companies are stepping up to aggressively expand their crypto offerings. One of them is PayPal, which is bringing cryptocurrency deeper into mainstream commerce. The payments giant has announced a new feature called “Pay With Crypto,” allowing U.S. merchants to accept over 100 cryptocurrencies at checkout. However, these …
El Salvador’s Bitcoin journey is facing fresh doubts. The government says it’s still buying BTC every day, but the IMF disagrees. This raises questions about how much Bitcoin is really helping and if the country’s original crypto vision is starting to fade. Locals Still Use BTC in Berlin In the mountain town of Berlin, El …
Maksym Sakharov, CEO of decentralized bank WeFi, says Japan’s slow and cautious regulatory process is the main reason Web3 startups and crypto funds are moving overseas—not the high taxes. Japan requires a two-step approval from the Japan Virtual and Crypto Assets Exchange Association and the Financial Services Agency, which can take 6 to 12 months …
South Korea is racing to finalize a trade agreement with the U.S. before August 1, when tariffs on Korean exports could rise to 25%. Seoul aims to secure terms at least as favorable as Japan’s recent 15% tariff cap. Key issues include shipbuilding cooperation, while sensitive topics like beef and rice imports are off the …
Fitch Ratings downgraded Finland’s long-term foreign-currency issuer rating from “AA+” to “AA,” citing rising government debt and insufficient measures to control spending. Debt is expected to rise to 86.3% of GDP in 2025 and may exceed 90% by 2029, well above peer averages. Despite a €9 billion fiscal package, deficits are set to remain above …
U.S. Senator Cynthia Lummis has called Bitcoin “freedom money,” praising it as a hedge against inflation and a tool for financial independence. Her remarks come amid growing interest in Bitcoin as a stable store of value, especially during times of economic turbulence. Bitcoin as a Lifeline in Tough Times Appearing on Fox Business, Senator Lummis …
Ghana, a West African nation, is preparing to license cryptocurrency platforms in response to the growing demand for digital assets. New Framework by September According to a report from Bloomberg, the Bank of Ghana plans to propose a new regulatory framework by September to oversee and license crypto platforms nationwide. With around 3 million adults, …
Ghana plans to officially license and regulate cryptocurrency platforms as part of new digital finance reforms. The Bank of Ghana will require crypto exchanges and wallet providers to register and comply with licensing, AML, and KYC rules. Draft legislation is expected by September 2025. This move aims to protect consumers, prevent illicit activity, and boost …
Congress has introduced a bill directing the VA Secretary to conduct a study on implementing blockchain technology within the Department of Veterans Affairs. The study aims to assess blockchain’s potential to improve efficiency, security, and transparency in benefits processing and records management. The VA will consult experts and veteran groups and report findings to Congress …
India has upgraded its tax surveillance to tackle evasion in digital banking, cryptocurrency, and cloud storage. The Central Board of Direct Taxes (CBDT) is actively involved in global crypto regulation talks. From April 1, 2026, digital evidence will be crucial in investigations, enhancing authorities’ ability to track tax evasion. Access to crypto wallets will be …
The Indian government has stirred up fresh confusion for crypto users and traders. Currently, global crypto exchanges in India exist in a grey area, as they are neither legal nor illegal, and crypto assets remain unregulated under Indian law. Regulation Unclear, But Compliance Mandatory “At present, crypto or virtual assets are not regulated in India. …
South Korea’s Financial Supervisory Service (FSS) has issued fresh verbal guidance urging local asset managers to reduce their ETF exposure to crypto-related companies like Coinbase and MicroStrategy. This move reinforces the country’s long-standing 2017 policy that restricts financial firms from investing in or holding digital assets. Some Korean ETFs currently exceed 10% exposure to these …
India’s crypto users continue to struggle with the high taxes and a lack of clear regulations. Former MP Ritesh Panday has once again stood up for India’s crypto community and is urging the government to cut 30% tax, remove the 1% TDS and bring in clear regulations. Over-Regulation Could Kill India’s Web3 Potential He explained …
India’s crypto ecosystem just got a major boost. Hashed Emergent and Black Dot Policy Advisors have unveiled the COINS Act, a bold blueprint for crypto regulation in India. This is a first-of-its-kind model law, which focuses on clarity, innovation, and user rights. This is a big step toward establishing a progressive and consistent approach to …
As of 2025, Spain is strengthening its crypto regulatory framework, aligning it with global standards. With a transparent, secure, and highly regulated market this year, Spain is reinforcing its reign over digital assets. Additionally, the government is providing clarity in the regulations to prevent crypto-related risks in the financial space while enhancing the fintech sector …
The ETH price rallied toward the $4,000 mark at the start of the week, a few hairs away from touching levels not seen since December 2024. Now trading at around $3,800, Ethereum crypto has registered a 30% gain over the past week, jumping from $2,900. This rise is fueling investor enthusiasm around the altcoin’s growing …
The White House is all set to drop its first full crypto policy report. This comes after a big week of crypto legislation and regulatory breakthroughs. On January 23, 2025, President Trump signed an executive order titled “Strengthening American Leadership in Digital Financial Technology” to position the U.S. as a global leader in the crypto …
Block Inc. (NYSE: XYZ), an American tech company founded by Jack Dorsey and best known for the creation of Cash App, will replace Hess Corp. (NYSE: HSE) in the S&P 500 index. The removal of the energy company was instituted after it was acquired by Chevron Corp. (NYSE: CVX). Beginning on Wednesday, July 23, the …
After passing the final House vote on Thursday, the GENIUS Act was enacted into law by President Donald Trump on Friday, July 18. The signing into law of the Genius Act was witnessed at the White House by top crypto leaders, including Tether (USDT) CEO Paolo Ardoino and Coinbase Global Inc. (NASDAQ: COIN) CEO Brian …
21Shares, a veteran crypto investment company with more than $11 billion in assets under management (AUM), has announced a strategic partnership with Teucrium, an asset management company focused on commodity and futures ETFs. Through the strategic partnership, 21Shares announced that it has filed two Funds – the 21Shares FTSE Crypto 10 Index ETF and the …
A shift is underway at the SEC, as it is stepping away from surprise enforcement and instead focusing on clear, reliable rules, especially around crypto and digital assets. In a latest interview with Bloomberg, SEC Chair Paul Atkins pointed to work already underway, including a crypto task force led by Commissioner Hester Peirce. Just this …
The United States House of Representatives has passed all three crypto bills—the Clarity Act, the GENIUS Act, and the Anti-CBDC Act—in a historic landslide victory. The Clarity Act passed the House by 294 to 134, with 78 Democrats voting in favor. The GENIUS Act passed the House of Representatives in a vote of 308 to …
The United States government ostensibly holds 28,988 Bitcoin (BTC) units from the previously presumed reserves of around 200k coins. According to a report from the U.S. Marshals Service, the government has silently offloaded its Bitcoin stash without leaving an on-chain footprint for the public to consider. The move has prompted huge criticism from the pro-Bitcoin …
The United States House of Representatives has voted to advance three major crypto bills on Wednesday. The GENIUS Act, Clarity Act, and the Anti-CBDC Act received an overwhelming support from the Republicans and a majority disapproval from the Democrats. After the three bills failed the procedural votes on Tuesday with 196 to 223 votes, the …
The Congress has turned into a political showpiece on Tuesday, July 15, after 12 Republicans failed a procedural vote on several crypto-related legislation. What had begun as a positive crypto week for President Donald Trump has turned sour after the Congress signaled different interpretations of certain clauses, especially in the Genius Act, which have been …
As U.S. lawmakers gear up to vote on two major crypto bills, the CLARITY and GENIUS Acts, Rep. Maxine Waters has raised a red flag, calling the proposals dangerous giveaways to Wall Street, Big Tech, and even the Trump family. Writing in MSNBC, Waters warned that the new legislation could strip the SEC of its …
The United States lawmakers are preparing for important votings on several crypto-related bills this week. Later this week, the House of Representatives will vote on the market structure bill in addition to the GENIUS Act. If the House passes the GENIUS Act without any changes as approved by the Senate, the bill will be forwarded …