China’s local legislature has formally declined to create local rules for disposing of seized cryptocurrency. Instead, it called for national-level regulations from the Beijing authorities.… Continue reading
India’s Tax Authority Pushes to Reshape Crypto Framework: Tax, Regulatory Clarity, Administrator Agency
Story Highlights CBDT is asking platforms to explain how taxes, unclear regulations, and liquidity issues have affected them. It also questioned the questioned the lack… Continue reading
Hong Kong warns of fraud risk after new stablecoin rules
A Hong Kong Securities and Futures Commission (SFC) official has warned that the introduction of the new local stablecoin regulatory framework has increased the risk… Continue reading
Fuze hit with fine as Dubai\’s VARA spots AML failures
The Dubai Virtual Assets Regulatory Authority (VARA) has issued a notice on its website stating that it has fined Morpheus Software Technology FZE. The firm,… Continue reading
Brazilian Crypto Industry Takes Action to Avoid Tax Obliteration
The cryptocurrency industry is mobilizing in Brazil to shut down the Provisional Measure that expands the crypto income tax for all users. Analysts agree that… Continue reading
U.S. Treasury Department Starts Work on GENIUS, Gathering Views on Illicit Activity
The U.S. Treasury Department is seeking new ideas for detecting and cutting off illicit crypto activity as it begins to put the new stablecoin law… Continue reading
$30M scheme to buy Trump pardon for Roger Ver collapses
A $30 million plan to buy a presidential pardon for Roger Ver, a.k.a Bitcoin Jesus, charged with tax evasion, collapsed earlier this year before it… Continue reading
Circle\’s Jeremy Allaire on GENIUS Act: \’Internet of Money Has Arrived\’
Jeremy Allaire, cofounder of Circle, the company behind USDC stablecoin, has dropped a motivational post on X. Allaire emphasized the importance of persistence in the… Continue reading
Sherrod Brown, targeted by crypto PAC in 2024, to run for US Senate again
Former Ohio Senator Sherrod Brown, who lost his US Senate seat in 2024 to Republican Bernie Moreno amid more than $40 million in spending backed… Continue reading
SEC delays Truth Social Crypto ETF decision as political undertones loom
While the SEC’s extended review of Truth Social’s Bitcoin and Ethereum ETF is procedural, it can be seen as a high-stakes balancing act for an… Continue reading