U.S. President Donald Trump has signed an executive order creating a cryptocurrency working group to advance digital asset regulations in the United States. Announced on January 23, this initiative underscores the administration's intention to position the U.S. as a global leader in the evolving digital economy. It follows Trump's promise on the campaign trail and Tuesday's SEC … [Read more...] about Trump establishes cryptocurrency working group to shape U.S. policy
SEC launches task force to clarify crypto regulations
The U.S. Securities and Exchange Commission (SEC) has announced the formation of a specialized task force to establish clearer regulations for cryptocurrencies. Under the leadership of Acting SEC Chair Mark Uyeda, the crypto regulatory task force aims to tackle key challenges in the rapidly evolving digital asset industry, including investor protection, market transparency, and … [Read more...] about SEC launches task force to clarify crypto regulations
Tether relocates to El Salvador, bolstering focus on emerging markets
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%