Executives from major crypto firms, including Ripple, Kraken, and Circle, are vying for seats on the crypto advisory council proposed by U.S. President-elect Donald Trump, according to a Reuters report published on November 22. Trump's team is reportedly deliberating the council's structure and membership. Reuters quoted anonymous sources suggesting firms ...
Crypto.com has partnered with the Singapore-based payments platform Triple-A to enhance the crypto shopping experience and enable users to make direct cryptocurrency payments on leading e-commerce platforms without converting to fiat currency, beginning in Singapore and expanding globally. By integrating Triple-A’s regulated payment solution, Crypto.com wallet users can seamlessly shop ...
South Korea's ruling Democratic Party of Korea (DPK) is planning to implement the long-delayed cryptocurrency tax regulations in early 2025, following a decision not to approve further delays, according to a local news outlet, the Seoul Shinmun. The regulation, which would introduce a 20% tax (22% including local tax) on ...
Switzerland's Financial Market Supervisory Authority (FINMA) has raised concerns about the growing risks of money laundering linked to cryptocurrencies. In its 2024 Risk Monitor report, the regulator highlighted how cryptocurrencies are being used for cyberattacks, illegal transactions on the dark web, and to circumvent sanctions amid ongoing geopolitical tensions. Stablecoins ...
Federal prosecutors in North Carolina are moving to confiscate nearly $5 million in Tether (USDT) recovered from unhosted wallets linked to a sophisticated cryptocurrency romance scam. The funds, seized under a search warrant in August, are currently held by the U.S. Marshal Service, according to a report by the Triangle ...
Robinhood CEO Vlad Tenev has criticized UK policymakers for what he described as a “backward” approach to crypto trading regulations, especially when contrasted with the permissive stance on regulated gambling. In an interview with The Times, Tenev emphasized the importance of individual autonomy in financial decisions, dismissing concerns about young ...
In a recent joint effort, Binance and the Royal Malaysia Police were able to trace and recover a significant portion of a $4.5 million kidnapping ransom. The investigation led to the arrest of 14 suspects connected to the high-profile kidnapping case, which occurred on October 13. The case involved a ...
A rising number of high-net-worth investors are showing renewed confidence in the long-term potential of cryptocurrency, according to a recent survey by Swiss digital bank Sygnum. The survey, which involved over 400 investors across 27 countries, revealed that this renewed interest is fueled by expectations of high returns and the ...
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 the tax rate to a more moderate 28%. The government initially ...
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. Speaking at an event in Brugg, Switzerland, Schlegel reportedly reiterated that ...
