In the last six months, many governments worldwide have introduced or revised their tax frameworks to include cryptocurrencies. Countries like Denmark, South Korea, the Netherlands, Italy, Japan, and New Zealand are leading this regulatory shift. The Netherlands now mandates...
The United States has earned itself the reputation of being "the land of opportunity", and that was very true in the early days of cryptocurrency. The country was home to startups and investments that fueled innovation and growth in...
The Italian government is reportedly reviewing its substantial 42% tax on crypto gains, with sources suggesting a possible revision. A recent Bloomberg report indicates that the government may approve a proposal from one of its coalition partners to lower...
Deutsche Bundesbank, Germany's central bank, has officially joined Singapore's Project Guardian, a collaborative initiative aimed at advancing financial markets through asset tokenization. In a press release published on November 8, the central bank announced the move, stating that its...
The residents of the U.S. city of Detroit will soon be able to pay taxes and other city fees using cryptocurrency, as the city’s Treasury Department plans to introduce crypto payment options by mid-2025. On November 7, the Department...
Martin Schlegel, the Chairman of Swiss National Bank (SNB), has described cryptocurrencies like Bitcoin and Ethereum as a “niche phenomenon” and unlikely to be a mainstay of the Swiss financial ecosystem soon despite their rapid growth in recent years....
The California Department of Financial Protection and Innovation (DFPI) announced on November 7 that it has permanently revoked the operating license of the bankrupt cryptocurrency lender BlockFi, citing continued violations of the California Financing Law (CFL) and unsafe business...
Israel's State Comptroller and Ombudsman, Matanyahu Englman, has flagged significant issues in the country's cryptocurrency tax collection, warning that these shortcomings should be addressed before imposing broader tax increases on the public. Englman, whose role is to review and...
Binance has asked that the court dismiss the amended complaint of the U.S. Securities and Exchange Commission (SEC) in their ongoing lawsuit regarding its alleged violations of U.S. securities law. The SEC's amended complaint, which was filed in September...
Pakistan is taking steps to legalise cryptocurrency as the government proposes amendments to the State Bank of Pakistan (SBP) Act, indicating a significant shift in its financial policy. As reported by local news outlet The Express Tribune, these amendments...
