Thailand has approved a five-year personal income tax exemption on profits from digital assets. The new policy will take effect from January 1, 2025, and run through December 31, 2029 — marking a significant shift in the country’s digital asset strategy. Thailand’s Big Leap Towards Becoming a Digital Asset Hub Deputy Minister of Finance Chulaphan …
The European Union (EU) is facing growing concerns that it may be losing its edge in the global crypto race, with experts warning it could become a “crypto flyover zone” between the US and Asia. While the EU was once a pioneer in digital asset regulation, newer, more agile jurisdictions are now pulling ahead. EU …
Coinbase CEO Brian Armstrong visited London this week, meeting with British policymakers to discuss how the UK can take a leading role in the global crypto market. He stressed the need for clear and supportive rules that allow crypto companies to grow while protecting users. Great to be in London today to meet with policymakers …
JPMorgan Chase & Co. (NYSE: JPM), a top-tier bank with around $4 trillion in assets under management (AUM), has filed a trademark related to the digital currency with the United States Patent and Trademark Office (USPTO). The highly esteemed bank filed a patent for JPMD, thus triggering speculation of a stablecoin launch in the near …
Eric Trump, the Executive Vice President of the Trump Organization, has denied claims that he is involved in a Tron (TRX) deal to go public. In an X post, Eric noted that the information circulating the Internet claiming that he and Donald Trump Jr are involved in a reverse merger deal between Tron and SRM …
Vietnam officially legalized digital assets and set up a legal framework for artificial intelligence (AI) for the first time. The country passed the Law on Digital Technology Industry with overwhelming support—441 out of 445 delegates voted in favor, marking a major turning point for Southeast Asia’s growing digital economy. Vietnam Recognizes Crypto Under New Law …
On June 11, a KAMAZ truck was discovered in Russia’s Republic of Buryatia operating an illegal cryptocurrency mining. The setup in the truck was connected to a 10 kilovolt power line without permission. This illegal activity comes at a time when the russian officials are preparing to introduce harsher penalties. Discovery of Illegal Crypto Activity– …
India’s Central Board of Direct Taxes (CBDT) has initiated a large-scale investigation into individuals and entities who failed to report income from Virtual Digital Assets (VDAs), including cryptocurrencies. What Happened? The CBDT has identified widespread non-compliance related to crypto income and has sent notices via email, asking recipients to update their Income Tax Returns (ITRs). …
After over four years of legal battle, the Ripple vs SEC case could finally be over. Both parties have recently filed a joint motion to settle. Ripple aims to unlock $125 million from escrow, $50 million would go to the SEC as a civil penalty, and $75 million would return to Ripple. The goal is …
As Europe rolls out its new MiCA rules, major crypto companies are lining up to get licensed and operate across the EU. But some regulators are worried that things are moving too fast. According to Reuters, Gemini, the crypto platform founded by billionaire twins Tyler and Cameron Winklevoss, is about to receive a license in …
The United States Securities and Exchange Commission (SEC) declared the Form S-3 registration statement by Trump Media and Technology Group Corp. (NASDAQ: DJT) effective on Friday, June 13, 2025. As a result, the Donald Trump-backed company has the agency’s greenlight to implement a Bitcoin (BTC) treasury plan. “We’re aggressively implementing our plans to expand the …
Several fund managers have heeded the request from United States Securities and Exchange Commission (SEC) to file amended form S-1 for their respective spot Solana (SOL) ETFs. On Friday, all fund managers seeking to offer spot Solana ETFs filed amended Form S-1. On the top list of fund managers seeking to offer spot Solana ETFs …
The Ethereum Foundation (EF) has donated $500k towards the legal defense of Roman Storm, a co-founder of Tornado Cash, who was charged by the United States. The EF argued that Storm should not be criminalized for advocating for privacy through writing a mere computer code. Notably, the United States Office of Foreign Assets Control (OFAC) …
Ripple and the SEC may finally be close to settling their long legal battle, and a well-known lawyer thinks Judge Analisa Torres will approve the latest request that could end it all. Lawyer Bill Morgan believes this joint motion, filed by both Ripple and the SEC, will likely be accepted, even though he isn’t impressed …
On Thursday, the Philippines enacted stricter crypto rules under the new SEC Memorandum Circulars Nos 4 and 5, mandating a CASP license with a capital requirement and reporting of AML. Experts say this new framework in the Philippines lays the groundwork for broader crypto adoption in the country. Key Components of the New SEC Crypto …
The United States Securities and Exchange Commission (SEC) has continued postponing decision-making on spot crypto ETFs. In the past 24 hours, the SEC delayed the decision to either approve or deny listing and trading of shares of Grayscale Hedera Trust (HBAR). The agency also made a similar decision on VanEck Avalanche ETF and Bitwise Dogecoin …
The United States Securities and Exchange Commission (SEC) and Ripple Labs filed another motion to U.S. District Court Judge Analisa Toress requesting the dissolution of the existing injunction. According to the court filing dated June 12, 2025, both parties requested the court to order a release of the $125 million penalty from the escrow. The …
On June 12, Brazil’s strategic Bitcoin Reserve Bill 4501/2023 passed first committee, pushing the country closer to holding $BTC as part of its national reserve. The significant move suggests the creation of a national reserve termed “RESBiT,” which allows up to 5% of the country’s foreign exchange to be allocated to Bitcoin. Key Highlights of …
Singapore is tightening its grip on crypto firms operating without a license, and the impact is already being felt across the industry. On May 30, the Monetary Authority of Singapore (MAS) issued a final notice requiring unlicensed digital asset exchanges with operations in Singapore and overseas clients to shut down by June 30, according to …
The United States Senate voted in favor of advancing the GENIUS Act with a 68 to 30 vote on Wednesday, June 11. In a bid to regulate the stablecoin market, which has grown to more than $254 billion in market capitalization, the U.S. Senate came together across both major parties to support the GENIUS Act. …
Today, the House Committees of Financial Services and Agriculture passed the bipartisan CLARITY Act (H.R. 3633), setting it for a full floor vote next. The financial committee advanced the measure with a 32-19 vote, agriculture committee passed it with a 47-6 vote. Key highlights of the CLARITY Act It aims to resolve the longstanding jurisdiction …
Peter Thiel-backed exchange aims to go public amid growing institutional interest and a friendlier U.S. crypto stance Bullish, the crypto exchange backed by billionaire investor Peter Thiel, has confidentially filed for an initial public offering (IPO) with the U.S. Securities and Exchange Commission (SEC). As investor confidence returns to the digital asset space, the timing …
South Korea is one of the leading crypto hubs with a proactive approach to digital assets. It is actively involved in creating a structured, innovative, and robust regulatory framework for the crypto industry. In 2025, the nation will continue to prioritize transparency and security in its digital economy by tightening the existing rules. Table of …
The state of Connecticut has passed a law to prohibit the state from investing in Bitcoin (BTC) or in any other virtual currency. The bill dubbed HB7082 and officially titled “An Act Concerning the Regulation of Virtual Currency and State Investments” imposed a comprehensive ban for the state and local governments from investing into crypto …
The United States Securities and Exchange Commission (SEC) has requested prospective fund managers seeking to offer spot Solana (SOL) exchange-traded funds (ETFs) to amend their S-1 forms within the next week. According to people familiar with the matter, the U.S. SEC intends to make comments on the amended submission of the S-1 forms within the …
South Korea has taken the lead on stablecoin regulation. On June 10, the country passed the Digital Asset Basic Act, allowing companies to issue stablecoins under clear rules—while the US still struggles to finalize its own legislation. South Korea Legalizes Stablecoins Under the new law: Companies can issue stablecoins with a minimum capital of 5 …
SEC Chair Paul Atkins recently opened up about the agency’s crypto stance on self-custody. Speaking at the SEC’s final Crypto Task Force Roundtable titled “DeFi and the American Spirit,” Atkins implied a more open stance, marking a clear break from the agency’s previous hostile approach. SEC Chair Paul Atkins says the right to self custody …
On June 3, the Latvian Cabinet approved Bill No. 24-TA-3148, a major step toward aligning the country’s tax laws with the Crypto Asset Reporting Framework (CARF) and the EU’s DAC8 directive. The new legislation introduces stricter reporting and due diligence rules for crypto asset service providers and will come into effect on January 1, 2026. …
Ripple’s legal battle with the SEC continues to make headlines. Attorney Bill Morgan took to social media and criticised VanEck for playing both sides. Morgan brought to attention VanEck’s inconsistency as they pushed for fairness in ETFs, but chose to remain silent for XRP when it was in a similar situation. Don’t recall you complaining …
Canada was one of the first countries to enact crypto regulations, starting with anti-money laundering (AML) compliance in 2014. Since then, it has continued to refine its crypto regulations, balancing innovation with security with its robust crypto regulations framework. As of 2025, Canada has not released any new crypto-related laws, it is rather focusing on …