Bitcoin has reached a new milestone, surpassing $107,000 for the first time, following a surge in positive Market sentiment. This excitement has been fueled by discussions of a potential national bitcoin reserve and an expected cut in interest rates. Many on Wall Street are optimistic, with some forecasting that bitcoin could hit $500,000 by 2025. ...
AUSTRAC, Australia’s financial watchdog, has launched a task force focused on monitoring cryptocurrency ATM providers to ensure compliance with anti-money laundering laws. With an increase in scams and money laundering linked to crypto, AUSTRAC aims to enforce strict measures for the 1,200 operating crypto ATMs, making sure these machines are not used for illegal activities. ...
At a summer crypto conference, Donald Trump compared attendees to pioneering inventors, promising to support their success in the digital economy. Since the 2022 crypto crash, many crypto leaders have aligned with Trump’s political movement, investing heavily in his campaign. They hope he can bring a more favorable regulatory environment and has even driven up ...
President-elect Donald Trump has chosen former SEC Commissioner Paul Atkins to lead the Securities and Exchange Commission. Atkins, known for his support of cryptocurrencies, aims to reshape regulations for the industry, which has faced tough enforcement under the current SEC Chair, Gary Gensler. Trump highlighted Atkins as a proponent of sensible regulations that can foster ...
Russian President Vladimir Putin has declared that it is impossible to effectively ban Bitcoin and other digital currencies. During a recent speech, he emphasized that these digital assets will continue to grow in usage as people look for cost-effective and reliable alternatives. In a significant move, Russia has now recognized digital currencies as property, allowing ...
Russian President Vladimir Putin has recently signed a law that officially recognizes digital currencies as property for foreign trade settlements. This new legislation includes significant updates to the tax framework for cryptocurrency activities. Specifically, crypto mining and sales will be exempt from value-added tax (VAT), but operators must inform tax authorities about their clients or ...
President Vladimir Putin has signed a new law aimed at regulating cryptocurrency mining and transactions in Russia. This law acknowledges digital currencies as property and amends the country’s Tax Code. While cryptocurrency mining and sales will not incur value-added tax, operators must report their activities or face fines. Cryptocurrency trading will attract a 13% income ...
As artificial intelligence continues to advance, Congress is under pressure to establish regulations. Legislative leaders aim to introduce AI regulations soon after the elections, but reaching a consensus remains challenging. Senate Majority Leader Chuck Schumer has promised to act, emphasizing the urgency of addressing AI’s risks while also avoiding excessive government intervention. Some lawmakers, like ...
 "Manufacturers challenge new e-waste recycling guidelines, claiming they raise costs and stifle the urgent transition to formal regulation.")
Manufacturers of consumer electronics are expressing concerns about the Indian government’s new draft guidelines for recycling e-waste. They argue that the proposed rules set unrealistic minimum prices, making it more expensive to recycle electronic products. For example, the cost for recycling metals has jumped to Rs 80 per kilogram, which is a significant increase. This ...
As a seasoned Bitcoin analyst, I’ve been closely monitoring the cryptocurrency’s performance throughout 2024. The year started with a bang, as Bitcoin surged to a new all-time high of over $73,700 in March, fueled by the SEC’s approval of Bitcoin spot ETFs. This development opened the door for more institutional investors to enter the market, ...
