As the political landscape shifts following the election of President Donald Trump, expectations for substantial changes in cryptocurrency regulation are burgeoning. Faryar Shirzad, the chief policy officer of Coinbase, has articulated positive projections regarding the future of crypto legislation, suggesting that legislative efforts could gain unprecedented momentum. The expectation is that Trump’s administration, paired with
Regulation
In a notable development in South Korea’s ongoing discourse on digital asset regulation, the Democratic Party has announced a two-year postponement of the proposed cryptocurrency taxation laws. This decision, articulated by Rep. Park Chan-dae, signals a temporary reprieve for millions of South Koreans involved in cryptocurrency trading. With nearly 10 million citizens—about 20% of the
In 2019, Meta (formerly Facebook) made headlines with the ambitious launch of its cryptocurrency project, originally named Libra. The initiative was envisaged as a groundbreaking global payment network, backed by a diverse array of international currencies. Among its early supporters were prominent financial players such as Visa, MasterCard, and PayPal, which signaled a strong start
The crypto landscape in the United Kingdom is evolving rapidly, with ownership among adults climbing to 12% from 10%, according to the latest findings from the Financial Conduct Authority (FCA). This surge reflects a growing acceptance of digital currencies among the populace, despite the inherent risks associated with cryptocurrency investments. With awareness reaching an impressive
In a significant policy shift, the Central Bank of Brazil (BCB) has proposed new regulations concerning the management of stablecoins within the country’s financial ecosystem. This regulatory move prohibits centralized exchanges from permitting users to transfer stablecoins to self-custodial wallets. Known as “tokens denominated in foreign currencies,” these digital assets play an increasingly vital role
Iran’s Central Bank is on the cusp of launching an innovative financial solution—the Digital Rial. This central bank digital currency (CBDC) is envisioned to modernize Iran’s banking infrastructure and streamline financial operations. Announced by Central Bank Governor Mohammad Reza Farzin during the 11th Annual Conference on Modern Banking and Payment Systems, the Digital Rial represents
In recent developments, the Trump administration is contemplating a significant transformation in the landscape of cryptocurrency regulations by enhancing the authority of the Commodity Futures Trading Commission (CFTC) over the burgeoning digital asset market, which is valued at approximately $3 trillion. This potential shift denotes a fundamental change in how digital currencies such as Bitcoin
On December 1, Coinbase is set to discontinue rewards for USD Coin (USDC) holders within the European Economic Area (EEA), a decision stemming from the forthcoming Markets in Crypto-Assets (MiCA) regulation. This regulatory landscape significantly alters how stablecoins like USDC are categorized and treated in the eyes of financial authorities. As articulated in an email
Hong Kong is not just a bustling metropolis; it is actively cultivating its image as a premier financial and cryptocurrency center. According to recent reports from the Financial Times, the government is proposing generous tax exemptions aimed at enhancing its attractiveness to hedge funds, private equity firms, and affluent family offices. This proposal is significant
In a significant move, the Federation Council of Russia has taken an essential step by approving comprehensive amendments to its Tax Code, aimed at bringing clarity and regulation to digital currencies, chiefly Bitcoin (BTC). This legislation, which was officially adopted on November 27, marks a pivotal moment in the relationship between the state and the
