Italy’s government is re-evaluating an ambitious tax increase proposal targeting capital gains from cryptocurrency investments. Initially designed to elevate the tax rate from 26% to a staggering 42%, this plan was part of the country’s budget for 2025, aiming to enhance fiscal revenues. However, persistent backlash from industry leaders, coupled with discord among members of
Regulation
As the world continues to navigate through economic uncertainties, digital currencies have emerged as pivotal assets in reshaping financial strategies. Anthony Scaramucci’s recent assertions at the Bitcoin MENA 2024 conference underscore an evolving perspective on Bitcoin, especially regarding its integration into national reserves by global powers like China. His statements reflect broader implications for how
In an unprecedented development within India’s financial sector, Jetking Infotrain has distinguished itself as the country’s first publicly traded company to embrace Bitcoin (BTC) as a reserve asset. This move, which involved the purchase of 12 Bitcoins on December 9, positions Jetking Infotrain at the forefront of an evolving economic landscape where traditional finance meets
Ripple CEO Brad Garlinghouse recently announced a pivotal development for the blockchain company: it has received the green light from the New York State Department of Financial Services (NYDFS) to launch Ripple USD (RLUSD), a new stablecoin. This announcement, shared via a social media update on December 11, reflects Ripple’s ongoing commitment to regulatory compliance.
In a significant development for the world of cryptocurrency, the Abu Dhabi Global Market (ADGM) has granted Tether’s USDT stablecoin the status of Accepted Virtual Asset (AVA). This noteworthy approval, publicized on December 10 by the Financial Services Regulatory Authority (FSRA), opens up new avenues for licensed entities operating within the ADGM jurisdiction to engage
The future of cryptocurrency regulation in the United States faces an uncertain path as the Senate Banking Committee prepares to deliberate on the renomination of Caroline Crenshaw as a commissioner of the Securities and Exchange Commission (SEC). Serving since August 2020, Crenshaw has become a polarizing figure in the crypto community, known for her critical
In a significant development for the digital finance landscape, the Czech Republic has officially approved an amendment aimed at easing the tax burden on income generated from cryptoasset transfers. This new legislation was passed on December 6, 2023, and is slated to come into effect on January 1, 2025. Positioned as an effort to better
The rise of stablecoins has ushered in a new era of digital finance, promising the efficiency and speed of cryptocurrencies while offering a semblance of stability akin to traditional fiat currencies. However, the Financial Stability Oversight Council (FSOC) has recently spotlighted alarming risks associated with these digital assets in its 2024 annual report. It articulated
The landscape for cryptocurrency exchange-traded funds (ETFs) is facing significant turbulence as the U.S. Securities and Exchange Commission (SEC) reportedly prepares to reject two applications for Solana (SOL) spot ETFs. According to Eric Balchunas, a senior analyst at Bloomberg, these rejections come as a culmination of SEC Chair Gary Gensler’s tenure, marking a contentious era
Recently, the UK’s Financial Conduct Authority (FCA) issued a stern warning to Pump.Fun, a Solana-based platform known for its memecoin launchpad capabilities. This regulatory caution stems from concerns that the platform may be offering financial products without the necessary authorization. In observance of the FCA’s directive, Pump.Fun has taken proactive steps, modifying its terms of