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 …
A game-changing crypto bill has been introduced in South Korea, and it could open the doors to a government-backed stablecoin market, one that favors local innovation and tighter security for users. Korean Stablecoins May Soon Go Mainstream The proposed Digital Asset Basic Act, introduced by ruling party lawmaker Min Byeong-deok, lays out a licensing system …
Slovenia, a small but highly developed European country with a population of 2.1 million, boasts a rich industrial history that has significantly contributed to its robust economy. As the most economically developed Slavic nation, Slovenia has consistently grown since adopting the Euro in 2007. Its openness to innovation has been a key driver of success …
South Korean lawmaker Min Byeong-deok has introduced a new bill aimed at strengthening crypto regulations. Called the Digital Asset Basic Act, the proposal includes a licensing system for stablecoin issuers. To qualify, issuers must hold over 500 million Korean won (about $367,890) in owner’s capital. Min, a member of the ruling Democratic Party, said the …
As Kenya imposes a 1.5% tax on every crypto transaction, it threatens to disrupt Africa’s digital integration. It can also jeopardize the region’s fintech leadership, driving startups and talent abroad. The African Continental Free Trade Area (AfCFTA) sees 54 nations as a unified market incorporating digital assets. But new rules and regulations in different African …
India’s crypto investment scene is under pressure. Despite ₹1 crore in current Bitcoin trading volume, the Indian tax regime is stifling growth with its harsh tax policies. Investors once enjoyed a massive 123% gain on Bitcoin holdings in recent years — but now, they’re calling the current tax system “daylight robbery.” The Harsh Reality of …
The BRICS nations are all set to launch a bold new plan this July: A financial system that challenges the dollar’s dominance as the world’s top currency. Just like the dollar once replaced the British Pound as the global reserve, the dollar itself may be facing a big change now. BRICS Unites for ‘Rio Reset’ …
Gemini Space Station, Inc., a well established cryptocurrency exchange by the Winklevoss brothers, has filed for a confidential Initial Public Offering (IPO) with the United States Securities and Exchange Commission (SEC). According to the announcement on June 6, 2025, Gemini submitted a draft registration statement in Form S-1 with the SEC to offer its Class …
The National Bank of Kazakhstan (NBK) officially launched its crypto card initiative on June 3, aligning with President Kassym-Jomart Tokayev’s directive to enhance the country’s digital asset ecosystem. The announcement was made during a key meeting with stakeholders, including banks, crypto exchanges, and fintech firms, to assess the development of tokenized financial services and digital …
The UK’s Financial Conduct Authority (FCA) has proposed ending its 2021 ban on crypto exchange-traded notes (cETNs) for retail investors. Under the new plan, retail access would be allowed for cETNs listed on FCA-recognized exchanges. The goal is to support the growth of the UK’s crypto market while maintaining investor protections through existing financial promotion …
On June 6, Japan’s parliament officially revised the Payment Services Act (PSA), introducing a domestic asset holding order aimed at preventing crypto outflows and protecting Japanese investors from the risks of overseas crypto exchange collapses. Why Did Japan Revise Its Payment Services Law? The revision is a direct response to the rising bankruptcy risks among …
Elon Musk just echoed what many Bitcoin supporters have been saying for years — the U.S. government is spending way more than it can afford, and things could be heading toward a financial disaster. In a recent post, Musk pointed out how Trump’s tax cuts could add a whopping $2.4 trillion to the country’s already …
Tigran Gambaryan, Binance’s Head of Financial Crime Compliance, is officially parting ways with the crypto exchange after enduring eight months of detention in Nigeria over money laundering allegations. Now cleared of all charges, Gambaryan confirmed in a recent interview that Friday, June 6 will mark his final day at Binance. Tigran Gambaryan Bids Farewell to …
Singapore is taking a firm stand on crypto regulation, with the Monetary Authority of Singapore (MAS) issuing a strict June 30 deadline for unlicensed digital asset service providers. The move targets firms based in or staffed in Singapore that serve overseas customers, requiring them to obtain a license or shut down operations immediately, with no …
The United States is getting closer to passing a major crypto law. On June 10, lawmakers will review the CLARITY Act, a bill aimed at setting clear rules for digital assets. This review, called a markup, is a key step before the bill can be voted on in the House of Representatives. ????NEW: @FinancialCmte has …
Elon Musk and President Donald Trump’s public clash took a dramatic turn on Friday. In a new fresh controversy, Musk has announced the immediate shutdown of SpaceX’s Dragon spacecraft, a key vehicle used by NASA. Musk Slams Spending Bill, Trump Threatens to Cut Billions Trump criticized Musk and said that the government should stop giving …
The South African Reserve Bank (SARB) has filed an appeal challenging a recent Pretoria High Court ruling, which criticized the use of outdated, apartheid-era legislation to regulate cryptocurrency. The central bank is pushing back against a legal loophole that could potentially allow unlimited funds to exit South Africa via crypto, a move SARB warns could …
A major regulatory storm is brewing in Europe, and it could put Bitcoin users in legal jeopardy. A recent consultation by the European Data Protection Board (EDPB) could potentially ban Bitcoin across Europe, according to Alexandre Statchtchenko, co-founder of French crypto exchange Paymium. Why Is the EDPB Targeting Bitcoin? The EDPB’s draft guidelines argue that …