Kazakhstan plans to establish a state crypto reserve, contingent on the creation of a legal framework to govern its formation and management. Kazakhstan’s National Bank is currently working on a detailed concept for forming and managing the reserve, potentially within…
Lately, the Internal Revenue Service has ramped up the frequency of warning letters sent to cryptocurrency investors. Reports indicate that most recipients receive one of three letter types: 6173, 6174, or CP2000. But what do these letters mean, and do…
The Senate is racing toward a September finish line for crypto rules. But with the House stuck at the starting block, this legislative marathon might take longer than anyone expected. At a Thursday press briefing, Senate Banking Committee Chair Tim…
Hong Kong is stepping up its digital asset push with a new policy roadmap designed to scale innovation, regulation, and adoption. On June 26, the Hong Kong government issued Policy Statement 2.0 on the Development of Digital Assets, outlining the…
SoFi Technologies is relaunching spot cryptocurrency trading on its platform, with users able to buy, sell, and hold crypto as well as undertake global remittances. The online banking and financial services company’s move to relaunch crypto trading will see its…
Deputy Managing Director at the IMF Bo Li sees two unresolved issues in the global fight over stablecoin dominance, specifically in the way stablecoins are classified. During his panel speech at the World Economic Forum’s Summer Davos meeting as reported…
Sen. Adam Schiff from the Democratic Party introduced a new bill, the COIN Act, aimed at blocking U.S. Presidents and their families from promoting or launching cryptocurrency ventures. Why did Democrats come up with a new bill, and what is…
As Washington rolls out stablecoin rules, voices in Beijing are warning it’s time to catch up, or risk being left behind. Beijing might finally be warming up to stablecoins, but not without hesitation. In a sign that China may be…
What does Pulte’s FHFA crypto mortgage signal actually mean for American homebuyers, and could it rewrite lending norms for those who store wealth in Bitcoin and stablecoins? Mortgage, Pulte, and FHFA enter the crypto conversation In a recent announcement, Federal…
Polymarket, the blockchain-powered prediction platform where traders wagered nearly $3.2 billion on the 2024 U.S. election, is reportedly courting investors in a $200 million round. The deal could push its valuation past $1 billion, propelling it into unicorn territory. On…
Turkey’s Ministry of Treasury and Finance is rolling out new regulations to strengthen oversight of crypto transactions. Turkey’s Ministry of Treasury and Finance is stepping up efforts to combat money laundering through crypto. According to information obtained by Anadolu Agency,…
Japan’s Financial Services Agency considers reclassifying crypto assets as financial products under Financial Instruments and Exchange Act (FIEA), which would reduce capital gains tax on crypto to a flat 20%. On June 24, Japan’s Financial Services Agency released a new…
Hong Kong to start issuing first stablecoin licenses within months, with companies like Ant Group and JD.com already in line. In a recent interview with China Daily, Hong Kong Financial Secretary Paul Chan Mo-po revealed that regulators have received “a…
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