India appears to be re-evaluating its position on cryptocurrencies, a move that reflects a growing international trend favoring digital assets. According to reports, this reassessment follows notable shifts in the United States, where accommodating policies surrounding cryptocurrency are on the rise. The momentum generated by these progressive strategies abroad has led to intensified discussions within
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In a groundbreaking announcement, Binance, the world’s leading cryptocurrency exchange, reported that its user base engaged in a staggering $26 billion worth of peer-to-peer remittances from 2022 to 2024. This achievement has not only highlighted the growing adoption of crypto as a viable alternative for traditional remittance channels but also underscored how these transactions have
In the ever-evolving landscape of cryptocurrency, Bitcoin remains at the forefront of investor discussions. Recently, Tom Lee, the Chief Investment Officer of Fundstrat Global Advisors, appeared on CNBC’s “Squawk Box” to share his insights on Bitcoin’s current position and future potential. Lee’s analysis comes at a crucial time when market conditions – characterized by concerns
In a pioneering move towards the integration of digital assets into public finance, New Hampshire State Representative Keith Ammon has put forth a bill aimed at establishing a strategic reserve of digital assets for the state treasury. Introduced on January 9, the legislation seeks to reserve up to 10% of the total public funds—approximately $360
In a significant move that has captured the attention of the cryptocurrency community, Tether, the issuer of the USDT stablecoin, has enhanced its Bitcoin portfolio by acquiring an impressive 7,629 BTC, translating to an estimated value of $705 million. This strategic purchase, unveiled through on-chain analytical insights provided by Arkham Intelligence, has increased Tether’s total
The Czech Republic has taken notable strides in the realm of cryptocurrency regulation with its recent legislative amendment, which was ratified on December 6 and scheduled to come into effect on January 1, 2025. This significant move introduces a framework for income exemptions derived from cryptoasset transfers, aiming to alleviate the tax burden for individual
In a significant development that reflects the dynamic nature of regulatory measures surrounding cryptocurrencies, South Korea’s Democratic Party has opted to delay the imposition of new taxation laws on crypto profits. As observed in a report by the Korean Herald, this decision marks a temporary ceasefire in the ongoing discourse over the governance of digital
In a significant move, Russia’s Federation Council has passed extensive amendments to the Tax Code, specifically targeting the burgeoning sector of digital currencies, including Bitcoin (BTC). This legislation, finalized on November 27, marks a pivotal moment in the country’s approach to cryptocurrency regulation. Introduced by Alexander Shenderiuk-Zhidkov, the Deputy Chairman of the Federation Council’s Committee
Grayscale Investments is making substantial headway with its latest proposals for Bitcoin and Ethereum Covered Call Exchange-Traded Funds (ETFs), as outlined in a recent filing with the U.S. Securities and Exchange Commission (SEC) dated November 18. These innovative funds are crafted to leverage options contracts linked to Grayscale’s prominent cryptocurrency exchange-traded products (ETPs), namely the
In a significant development within the cryptocurrency arena, Binance has unveiled a new yield-bearing stablecoin named BFUSD, specifically tailored for futures and perpetual traders. Announced on November 18, this stablecoin aims to reshape the trading experience by offering an enticing annual percentage yield (APY) of approximately 19.55%. This yield enables users to earn rewards daily