Key Takeaways The Czech Republic is moving toward a more streamlined tax framework for crypto transactions with proposed pro-crypto legislative changes. Prime Minister Petr Fiala announced plans to exempt digital asset sales from capital gains tax if the assets are…
Key Takeaways The U.S. Financial Stability Oversight Council (FSOC) has called for comprehensive federal regulation of stablecoins, citing significant risks associated with their rapid growth, market concentration, and limited transparency. In its 2024 annual report, the council emphasized that without…
Key Takeaways Hybrid crypto exchange GRVT has received a Class Modified (M) Digital Asset Business License from the Bermuda Monetary Authority (BMA), enabling it to operate as a regulated decentralized exchange (DEX). This license allows GRVT to integrate decentralized finance…
Key Takeaways Australia’s financial intelligence agency, AUSTRAC, has established a dedicated task force to address compliance issues in the country’s cryptocurrency ATM sector. The initiative aims to mitigate risks of money laundering and scams associated with digital assets, with AUSTRAC’s…
Key Takeaways Stanislav Moiseev, the founder of the darknet marketplace and crypto mixing service Hydra, has been sentenced to life in prison by a Moscow court for his role in operating one of the most extensive illegal online markets. The…
Key Takeaways Leading crypto exchange Coinbase, has announced its withdrawal from the Turkish market and the liquidation of its local operations. The decision, revealed in an update from Turkey’s Capital Markets Board on November 29, comes just three months after…
Key Takeaways Frankfurt-based digital exchange 21X has obtained a license to operate a blockchain-based trading and settlement platform under EU regulatory oversight. The license, granted by Germany’s financial regulator BaFin, comes under the EU’s Distributed Ledger Technology Pilot Regime (DLTR),…
Key Takeaways Brazil’s Central Bank (Banco Central do Brasil, BCB) has put forward a regulatory proposal to limit the transfer of stablecoins, such as Tether’s USDt, to self-custodial wallets. Announced on November 29, 2024, the public can provide feedback on…
Key Takeaways Decentralized exchange (DEX) Clipper recently confirmed a security breach that led to a loss of approximately $450,000. The incident, which occurred on December 1 exploited a vulnerability in the withdrawal functionality of its protocol. Initial speculation about a…
Key Takeaways Russia’s Federation Council has passed a significant new bill that outlines a taxation framework for digital currencies, following a similar approval in the State Duma. The law imposes a 13%–15% personal income tax on crypto sales. As per…
