Andreessen Horowitz’s (a16z) crypto division views the re-election of former President Donald Trump as a pivotal moment for the future of cryptocurrency regulation in the US. The venture capital firm, a major investor in the crypto and web3 sectors, interprets Trump’s favorable stance on cryptocurrencies as a promising development for the industry. In a recent..
An alert has been issued against Crypto.com’s operations in Poland. Allegedly, after offering financial services in Poland without the necessary authorization, Crypto.com’s Maltese operator Foris DAX MT has been added to the Polish Financial Supervision Authority’s (KNF) alert list. The listing, which took place on 6 November 2024, comes after claims that Foris DAX MT..
France’s National Gaming Authority (ANJ) is reportedly planning to block access to Polymarket, a blockchain-based prediction market that gained prominence during the US presidential election. The platform, which operates on decentralized technology, recorded $3.5 billion in trading volume as users wagered on election outcomes. According to a report from French news outlet The Big Whale, ANJ..
On 6 November 2024, Donald Trump claimed victory in the US presidential election, marking his return to the White House. From firing SEC Chair Gary Gensler to adding Bitcoin to strategic reserves, Trump made several promises to the crypto industry during his campaign. While his policies across various sectors are already a hot topic of..
Democratic Senator Elizabeth Warren decisively secured her Massachusetts Senate seat today, defeating crypto-friendly Republican challenger John Deaton with a commanding lead. With 74% of the 145,000 votes counted, Warren has secured a landslide victory for her third term in the US Senate, according to election data from the Associated Press. Warren’s re-election extends the Democratic stronghold..
Hong Kong’s Securities and Futures Commission (SFC) is set to grant more digital-asset exchange licenses by the end of 2024 following a five-month review of exchanges operating under provisional permits. Eric Yip, SFC’s Executive Director for Intermediaries, announced at the annual Fintech Week that a finalized list of fully licensed exchanges would be published by..
Chainalysis found that the UK has solidified its position as the largest cryptocurrency economy within Central, Northern, and Western Europe (CNWE). The UK received $217 billion in on-chain value between July 2023 and June 2024. CNWE, the second-largest cryptocurrency economy globally, saw approximately $987.25 billion in transaction volume during this period, accounting for about 21.7%..
The introduction of stablecoin regulation in the UK is anticipated to have far-reaching implications for the crypto industry. So, will the UK introduce legislation aimed at regulating stablecoins soon? Dante Disparte, global head of policy at Circle—a leading issuer of USDC—spoke to CNBC and said that he believes the UK will introduce stablecoin law. According..
Indonesia’s Commodity Futures Trading Regulatory Agency (Bappebti) has extended the deadline for local cryptocurrency exchanges to meet licensing requirements under the Physical Crypto Asset Traders (PFAK) framework. The extension, granted under Bappebti Regulation No. 9 of 2024, gives exchanges until the last week of November 2024 to comply with the updated standards, according to an..
Senior executives at Blockchain.com, a London-based cryptocurrency company valued at £5 billion, are facing legal action for failing to submit their financial filings on time. The co-founder and president, Nicolas Cary, along with operations executive Al Turnbull, were summoned by Companies House in May 2024. The summon was issued for neglecting to meet the financial..
During Budget 2025 press conference, Italy’s Deputy Minister of Economy Maurizio Leo announced an increase in Bitcoin capital gains tax to 42%. “For capital gains from bitcoin, we expect an increase in withholding tax from 26% to 42%,” said Leo. On 16 October 2024, local media reported that the Italian government introduced the Bitcoin capital..
The European Securities and Markets Authority (ESMA) is pushing for mandatory external audits of cybersecurity defenses among crypto companies. The call comes as part of an effort to protect consumers from the increasing risks associated with cyber threats targeting the cryptocurrency sector, according to a Financial Times report. ESMA is calling for stricter cybersecurity measures within..
