Tether, the leading stablecoin issuer, has announced plans to relocate its operations to El Salvador after securing a Digital Asset Service Provider (DASP) license. This strategic move underscores Tether's commitment to advancing Bitcoin adoption and innovation in emerging markets. … [Read more...] about Tether relocates to El Salvador, bolstering focus on emerging markets
MiCA ushers in new era for EU financial digitalization
The European Union's Markets in Crypto-Assets Regulation (MiCA) is set to take full effect on December 30, 2024, marking a significant milestone in the EU's journey toward comprehensive financial digitalization. This regulatory framework aims to establish clear guidelines for crypto-assets, fostering innovation while ensuring consumer protection and market integrity. … [Read more...] about MiCA ushers in new era for EU financial digitalization
UK’s FCA charts course for comprehensive crypto regulation by 2026
The United Kingdom's Financial Conduct Authority (FCA) has unveiled a strategic roadmap to establish a comprehensive regulatory framework for cryptocurrencies by 2026. This initiative aims to align the UK's financial sector with the evolving digital asset landscape, ensuring market integrity and consumer protection. … [Read more...] about UK’s FCA charts course for comprehensive crypto regulation by 2026
Pennsylvania introduces bill for bitcoin reserve
The new bill, called the Pennsylvania Bitcoin Strategic Reserve Act, introduced in the Pennsylvania House of Representatives on Thursday, is the first of its kind and would allow the state’s treasury to allocate up to 10% of its roughly $7 billion state funds into bitcoin as a way to help combat inflation and diversify its investments beyond traditional assets like bonds and … [Read more...] about Pennsylvania introduces bill for bitcoin reserve
Detroit to accept cryptocurrency payments for taxes and fees
Detroit will become the largest city in the United States to accept cryptocurrency payments through a secure platform managed by PayPal, city officials announced. … [Read more...] about Detroit to accept cryptocurrency payments for taxes and fees
Italy to raise capital gains tax on bitcoin from 26% to 42%
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%
Bitcoin reserve gains bipartisan traction as U.S. lawmakers explore new digital strategy
Momentum is building in Washington for the establishment of a U.S. strategic Bitcoin reserve, as lawmakers from both parties see potential benefits in securing the nation’s foothold in the digital asset economy. The proposal has drawn support from key members of Congress, who argue that holding Bitcoin could bolster the country’s financial resilience and provide a hedge against … [Read more...] about Bitcoin reserve gains bipartisan traction as U.S. lawmakers explore new digital strategy
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