Key Takeaways South Korea’s Financial Services Commission (FSC) has initiated discussions on the second phase of its crypto regulatory framework, aiming to address gaps in the existing system and enhance investor protection. This was a key agenda item at the…
Key Takeaways El Salvador has finalized a $1.4 billion loan agreement with the International Monetary Fund (IMF), following the country agreeing to reduce its emphasis on bitcoin-related policies, which have been a source of international debate since El Salvador made…
Key Takeaways The European Securities and Markets Authority (ESMA) has finalized a comprehensive package of regulatory technical standards (RTS) and guidelines necessary for implementing the Markets in Crypto-Assets Regulation (MiCA). European Union is now preparing for MiCA’s full application, scheduled…
Key Takeaways Vancouver Mayor Ken Sim has introduced a motion to the city council proposing the exploration of Bitcoin as part of the city’s financial strategy. The initiative plans to evaluate BTC potential to safeguard purchasing power and diversify municipal…
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 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 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…
Key Takeaways A new bill introduced in Brazil’s Congress on November 25 by Congressman Eros Biondini seeks to establish a Sovereign Strategic Bitcoin Reserve, referred to as RESBit. The proposal aims to integrate Bitcoin into Brazil’s national financial reserves, potentially…
