In a striking appeal to Vice President Kamala Harris and former President Donald Trump, Charles Cascarilla, CEO and co-founder of Paxos, underscored the urgent need for the United States to adapt its financial frameworks to accommodate digital assets. The crux of Cascarilla’s argument is that the next presidential administration must recognize the transformative potential of
Regulation
On October 29, Gemini, the cryptocurrency exchange co-founded by the Winklevoss twins, announced a significant milestone: it has garnered in-principle approval from the Monetary Authority of Singapore (MAS) to engage in cross-border monetary transfers and digital payment token services. This approval is not merely a regulatory checkbox; it signifies a strategic pivot toward enhancing Gemini’s
In a noteworthy shift for the digital asset landscape, South Korea is gearing up to introduce regulations for cross-border cryptocurrency transactions, with plans set to roll out by late 2025. On October 25, a Reuters report outlined the upcoming framework established by the Ministry of Finance that will enforce registration and reporting requirements for businesses
The Satoshi Action Fund is stepping into the spotlight with a determined mission: to secure state-level legal protections for individual Bitcoin self-custody. Drawing inspiration from the cannabis industry’s successful navigation of federal prohibitions, the Fund aims to create “safe haven” states where Bitcoin users can operate with a degree of legal confidence. This piece will
In the world of cryptocurrencies, where speculation often reigns supreme, Tether CEO Paolo Ardoino has taken a firm stance against recent allegations concerning an investigation into his company by U.S. federal prosecutors. Following a report from the Wall Street Journal suggesting that Tether was under scrutiny, Ardoino quickly dismissed these claims as outdated noise, asserting
In a significant move towards the regulation of cryptocurrency, the Netherlands has initiated a public consultation process aimed at gathering insights on proposed regulations concerning crypto ownership and taxation. As stated in an announcement made on October 24, the Dutch Government seeks to enhance transparency regarding cryptocurrency holdings. This initiative primarily addresses concerns over tax
The global regulatory landscape surrounding Bitcoin is undergoing a significant transformation. With rising concerns over fiscal sustainability and wealth inequality, major financial institutions have intensified their scrutiny of Bitcoin, viewed as both a potential threat and a challenge to traditional fiscal mechanisms. Recent recommendations from researchers at the Federal Reserve Bank of Minneapolis and economists
Denmark is on the brink of reshaping its crypto taxation landscape by introducing a pioneering model that sees unrealized gains on cryptocurrencies taxed at a rate of 42%. This forward-thinking approach aims to align digital asset taxation with the existing regulations governing traditional financial contracts, reflecting a robust response to the growing prominence of cryptocurrencies
In an era where digital currencies are gaining unprecedented traction, the United States and Nigeria have established a Bilateral Liaison Group aimed at combatting crimes associated with cryptocurrencies and illicit financial transactions. Announced on October 23, this initiative underscores the commitment of both nations to collaborate in addressing the evolving challenges posed by the digital
In recent months, Indian regulators have been reassessing their stance on private cryptocurrencies like Bitcoin, indicating a potential ban. This contemplation arises from increasing concerns about the safety and stability of non-government-issued digital currencies. The landscape of cryptocurrency in India has burgeoned significantly, with the nation leading globally in crypto adoption; however, this rapid growth