US crypto execs express hope for regulatory clarity in 2025
The new year will bring freshmen members of Congress and President-elect Donald Trump, who made big promises to the industry during his campaign. Go to Source
Regulation
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China tightens crypto trade oversight with new Forex rules
China’s new forex rules require Chinese banks to track identity, fund sources, and trading frequencies to curb cross-border crypto activities. Go to Source
AI took giant strides in 2024, as AGI comes into view
Amid a year of high points, challenges remain. How will AI developers deal with a looming data shortage, for instance? Go to Source
Vitalik Buterin donates $170K to Tornado Cash developers’ legal fund
Many in the crypto industry have criticized US authorities for sanctioning Tornado Cash smart contract addresses and charging developers with money laundering. Go to Source
Do Kwon is in US custody after extradition battle
The Terraform Labs co-founder was arrested in Montenegro in 2023 for using falsified travel documents as the courts determined whether he would go to the US or South Korea. Go to Source
Crypto Industry Strikes Back: Lawsuit Challenges ‘Unconstitutional’ IRS Regulations
The Blockchain Association, the Defi Education Fund, and the Texas Blockchain Council are preparing to fight back against the recently finalized so-called crypto ‘broker’ rules issued by the Treasury and the IRS. The coalition asserts that these rules are unconstitutional and represent regulatory overreach by these agencies. Crypto Coalition Files Lawsuit to Push Against IRS … Read more
Biden’s New Crypto Rule Shakes Entire Industry – Full IRS Oversight Incoming
The U.S. Treasury’s sweeping IRS rule forces crypto platforms to track and report all transactions, igniting fierce industry backlash and looming legal battles over its survival. US Treasury Expands IRS Reach – Crypto Industry Faces Full Reporting Rule The U.S. Department of the Treasury and the Internal Revenue Service (IRS) have finalized sweeping new regulations … Read more
Can India Lead Crypto Regulation in 2025? Binance Thinks So
Binance expects India to lead global crypto regulation in 2025, driven by progressive frameworks aimed at boosting trust, fostering innovation, and expanding blockchain utility. Will 2025 Be the Year India Leads the Global Crypto Regulatory Race? India’s role in cryptocurrency regulation is drawing attention, with Binance expressing optimism that the country will take a leading … Read more
Russia Enacts Ban on Crypto Mining Operations in 10 Regions, Hints at Expansion
Russia recently enacted a ban on crypto mining operations in 10 regions until 2031, citing high energy consumption issues as the cause. Deputy Prime Minister Alexander Novak stated that this list might expand. Russia Issues Crypto Mining Restrictions in 10 Regions The future of cryptocurrency mining in Russia is in jeopardy. The Russian cabinet recently … Read more
Botswana Council: Virtual Assets Market ‘Poses Limited Risks to Financial Stability’
The Botswana Financial Stability Council’s October 2024 report said the virtual assets market and cyber risks from fintech currently pose minimal threats to financial stability. Tech Advances Fuel Financial Stability Risks Authorities in Botswana consider both the virtual assets market and cyber risks arising from financial technology (fintech) to be relatively undeveloped, posing minimal threats … Read more