Italy will raise the tax to 42% from 26% as part of plans to raise more revenues in the 2025 budget, according to Deputy Economy Minister Maurizio Leo. … [Read more...] about Italy to raise capital gains tax on bitcoin from 26% to 42%
Nearly half of traditional hedge funds have exposure to digital assets
Nearly half (47%) of traditional hedge funds surveyed this year have exposure to cryptocurrencies, up from 29% in 2023 and 37% in 2022, as increased clarity around regulations and the launch of exchange-traded funds in the U.S. and Asia draw more investors into the asset class, according to a new report by AIMA and PwC. … [Read more...] about Nearly half of traditional hedge funds have exposure to digital assets
Fintech giants enter stablecoin race as demand for digital assets grows
Leading fintech firms Revolut and Robinhood are exploring entry into the burgeoning stablecoin sector, reflecting a growing trend among traditional financial companies to delve into digital currencies. Revolut is reportedly planning to launch its own stablecoin to expand its digital asset offerings and solidify its position as a pioneer in fintech innovation. The company’s move … [Read more...] about Fintech giants enter stablecoin race as demand for digital assets grows
TOKEN2049 Doubles Down On Record Shattering Success: The World’s Largest Crypto Event With 20,000 Attendees and 800 Side Events
TOKEN2049, the world’s largest Web3 and crypto conference, celebrated its week-long extravaganza as the entire industry converged in Singapore. The week culminated in the flagship conference on 18-19 September at Marina Bay Sands, where it saw 20,000 attendees and over 800 side events take place in the heart of Asia’s leading fintech capital. … [Read more...] about TOKEN2049 Doubles Down On Record Shattering Success: The World’s Largest Crypto Event With 20,000 Attendees and 800 Side Events
Louisiana integrates cryptocurrency for state payments
Louisiana State Treasurer Dr. John Fleming announced the integration, which allows residents to pay for state services using Bitcoin, Bitcoin Lightning, and USD Coin. The first payment was successfully made to the Louisiana Department of Wildlife and Fisheries. … [Read more...] about Louisiana integrates cryptocurrency for state payments
Carrefour’s Bitcoin acceptance marks pivotal shift in retail sector
The Carrefour Express in Rouen has begun accepting Bitcoin payments, signaling a transformative moment for the global retail industry. This move aligns with a growing trend where major corporations explore cryptocurrency as a legitimate payment method, seeking to modernize consumer transactions and tap into a tech-savvy demographic. … [Read more...] about Carrefour’s Bitcoin acceptance marks pivotal shift in retail sector
Tether to launch UAE dirham-pegged stablecoin amid growing demand in the Gulf
Tether, the world’s largest stablecoin issuer, is set to introduce a new digital asset pegged to the United Arab Emirates dirham (AED), marking a significant expansion of its product offerings in a rapidly growing market. This move is part of Tether's broader strategy to diversify its stablecoin portfolio, which already includes tokens pegged to the U.S. dollar, euro, and … [Read more...] about Tether to launch UAE dirham-pegged stablecoin amid growing demand in the Gulf
China escalates crypto crackdown with new anti-money laundering regulations
China has intensified its regulatory scrutiny of cryptocurrency activities by formally classifying crypto transactions as a form of money laundering under updated anti-money laundering (AML) laws. This development marks a significant escalation in the country’s ongoing crackdown on digital assets, further tightening the noose around what Beijing views as a major financial risk. … [Read more...] about China escalates crypto crackdown with new anti-money laundering regulations