The Ohio House of Representatives passed House Bill 116, known as the Ohio Blockchain Basics Act, with a vote of 70-26. This legislation aims to promote cryptocurrency adoption by exempting crypto transactions under $200 from capital gains taxes and providing protections for crypto mining businesses. The bill now moves to ...
In the world of cryptocurrency, the courtroom is just as chaotic as the market itself. While Bitcoin and Ethereum were built on the promise of decentralization—cutting out middlemen and regulations—governments aren’t giving up control without a fight. In 2022 alone, the four main U.S. federal agencies overseeing crypto—the SEC, CFTC, ...
Bullish, a crypto exchange founded by EOS creator Block.one and backed by investor Peter Thiel, has filed confidentially for a US IPO with the SEC. The move aims to capitalize on rising investor enthusiasm for digital assets and hopes that a Trump-era administration will offer a lighter regulatory touch. According ...
Japan’s House of Councillors, the Upper Chamber of the country's parliament, has approved a significant amendment to the Payment Services Act, paving the way for sweeping reforms in the country’s cryptocurrency brokerage sector. This move is expected to lower regulatory barriers for crypto intermediaries while strengthening consumer protections. 🇯🇵 Japan ...
Authorities have successfully taken down multiple domains associated with LUMMAc2, a sophisticated malware designed to steal cryptocurrency seed phrases from victims’ devices. This crackdown marks a significant step in combating cybercrime targeting the crypto community. This week, the FBI disrupted LummaC2, a popular infostealer service, which conducted millions of attacks ...
India’s Supreme Court has expressed serious concerns about the absence of a clear regulatory framework for cryptocurrencies, highlighting the risks posed by unregulated Bitcoin trading. During a recent bail hearing for Shailesh Babulal Bhatt, accused of illegal Bitcoin trading, the bench—comprising Justices Surya Kant and N Kotiswar Singh—questioned why the ...
Australia has appointed Tim Wilson as the new Assistant Minister for Technology. This appointment is part of the government's effort to strengthen cryptocurrency regulations and promote innovation in the digital economy, highlighting a commitment to balancing tech advancement with oversight in the crypto sector. The Australian government has been actively ...
The UK government has unveiled a 27-page draft legislation aimed at bringing cryptocurrency activities under formal financial regulation for the first time. This move seeks to foster innovation while protecting consumers by extending existing financial rules to digital assets like stablecoins, crypto exchanges, and custodial services. The proposed regulations require ...
China’s central bank, the People’s Bank of China (PBOC), has reportedly instructed state-owned lenders to reduce dollar purchases in the foreign exchange market. This move signals Beijing’s growing efforts to stabilize the yuan and counterbalance the economic pressures of a strong U.S. dollar. Sources familiar with the matter revealed that ...
UK Treasury official Bim Afolami has criticized what he perceives to be an overregulation of the nation's crypto landscape. Speaking at an event on May 8, 2024, Afolami emphasized the importance of ensuring that regulatory scrutiny does not undermine the crypto industry's growth and innovation potential. Afolami claimed that the ...
