In a significant development for the global cryptocurrency landscape, Russia’s Federation Council has sanctioned expansive amendments to the nation’s Tax Code, specifically pertaining to the regulation and taxation of digital currencies, notably Bitcoin (BTC). This legislative move, which was approved on November 27, 2023, symbolizes a pivotal advance in the governmental quest to find structured
Regulation
The appointment of a chairperson for the U.S. Securities and Exchange Commission (SEC) is pivotal, especially in light of ongoing transformations in the financial landscape. As President-elect Donald Trump assembles his administration, he has reportedly identified Paul Atkins as a primary candidate for the SEC chair position to succeed outgoing chair Gary Gensler. This choice
The cryptocurrency market is on the cusp of a significant transformation, primarily driven by the anticipated approval of various altcoin exchange-traded funds (ETFs). According to Eric Balchunas, a senior ETF analyst at Bloomberg, there are currently 14 altcoin-related ETFs waiting for clearance from the U.S. Securities and Exchange Commission (SEC). These proposed funds encompass a
In an unprecedented move, President-elect Donald Trump is set to launch a “Crypto Advisory Council,” according to reports from sources familiar with the development. This announcement resonates deeply within the rapidly evolving cryptocurrency landscape, particularly given Bitcoin’s significant growth since its introduction in 2008. The creation of such a council signifies a potential shift in
In a move that demonstrates a growing commitment to the burgeoning cryptocurrency sector, the UK government is preparing to roll out a comprehensive regulatory framework by early 2025. This announcement, made at the City & Financial Global Tokenisation Summit in London, reflects an eagerness to address the various challenges linked to the oversight of digital
With Donald Trump’s ascent to the presidency, the winds of change are blowing through the crypto landscape in the United States. The current focus among regulators is on reforming the frameworks governing cryptocurrencies, a much-needed action in light of the challenges posed by this rapidly evolving market. As discussions heat up, voices like SEC Commissioner
Polymarket, a pioneering entity in the realm of blockchain-based prediction markets, has recently faced scrutiny that underscores the intersection of innovation and regulation. As of November 22, 2023, reports indicate that access for users in France has been curtailed, amid ongoing investigations by the national gaming authority, L’Autorité Nationale des Jeux (ANJ). This situation exemplifies
In a notable appeal on November 22, the Blockchain Association, an influential coalition comprising over 100 firms in the cryptocurrency sector, addressed President-elect Donald Trump. Their letter urged immediate and decisive actions aimed at revitalizing the U.S. cryptocurrency landscape during the first 100 days of his presidency. The association’s proposals set forth a vision that
In a significant outreach initiative, the Blockchain Association, a notable nonprofit organization representing a myriad of cryptocurrency and blockchain enterprises across the United States, has urged the incoming Trump administration to prioritize certain key regulatory changes. In a pointed letter addressed to President-elect Donald Trump and members of Congress, Blockchain Association CEO Kristin Smith articulated
In a pivotal ruling that resonates throughout the cryptocurrency landscape, a federal court has invalidated the Securities and Exchange Commission’s (SEC) dealer rule, marking a significant challenge to the agency’s regulatory authority. On November 21, the US District Court for the Northern District of Texas found that the SEC indeed exceeded its statutory powers, declaring
