In a recent open letter addressed to Vice President Kamala Harris and former President Donald Trump, Charles Cascarilla, the CEO and co-founder of Paxos, pitched a persuasive argument about the urgent need for the United States to embrace digital assets and reform its outdated financial regulations. This request emphasizes a crossroads for American finance, where
Regulation
In a significant move, cryptocurrency exchange Gemini has announced that it has received in-principle approval from the Monetary Authority of Singapore (MAS) to operate cross-border money transfer and digital payment token services. According to a recent statement released on October 29, this approval signals a pivotal step in Gemini’s broader strategy to enhance its positioning
In an era where digital currencies are reshaping financial landscapes, the Satoshi Action Fund has emerged as a critical player advocating for the preservation of Bitcoin self-custody rights at the state level. By paralleling strategies honed by the cannabis sector to find loopholes and protections within federal regulations, this initiative aims to create what they
In a significant move to strengthen oversight of the digital asset sector, South Korean authorities are gearing up to implement comprehensive regulations concerning cross-border cryptocurrency transactions, slated for rollout in late 2025. As reported by Reuters on October 25, the Ministry of Finance’s proposal will impose stringent registration and reporting requirements on South Korean businesses
In a recent turn of events, Tether CEO Paolo Ardoino has publicly rebutted claims suggesting that the company is facing a federal investigation in the United States. This denial was prompted by a report from the Wall Street Journal that fueled speculation about legal scrutiny directed at the stablecoin issuer. According to Ardoino, these allegations
In an important move towards regulating cryptocurrency activities, the Netherlands has initiated a public consultation to discuss newly proposed regulations concerning crypto ownership and taxation. This process, which commenced on October 24, seeks to gather opinions from both the public and various crypto service providers regarding measures designed to increase transparency and minimize the risk
Bitcoin, initially hailed as the pioneering digital currency, is now facing intensified scrutiny from global regulators. Recent analyses undertaken by researchers at the Federal Reserve Bank of Minneapolis and economists from the European Central Bank (ECB) have ignited a debate surrounding the future of this cryptocurrency. These recommendations, which include the outright prohibition of Bitcoin
In a bid to tackle the rising tide of cryptocurrency-related crimes and illicit financial activities, a significant step has been taken between the United States and Nigeria. Both nations have established a Bilateral Liaison Group, aiming to bolster collaboration in identifying, investigating, and prosecuting cybercrimes associated with digital currencies. This initiative, announced on October 23,
The landscape of cryptocurrency is continuously evolving, prompting nations around the globe to reevaluate their taxation policies concerning digital assets. Denmark is at the forefront of this reformation, proposing a new taxation model that seeks to tax unrealized gains on cryptocurrencies at an imposing rate of 42%. This progressive move has garnered considerable attention and
In recent deliberations, Indian regulators are positioning themselves in a significant debate regarding the future of private cryptocurrencies such as Bitcoin. The sentiment emerging from various government consultations indicates a growing inclination towards a ban on these decentralized digital currencies, while simultaneously promoting the prospective benefits of Central Bank Digital Currencies (CBDCs). This move is
