Tax & Law
Crypto taxation, court rulings, regulatory moves — what changes the rules.
US Clarity Act Gains Momentum as Lawmakers Push for Immediate Crypto Regulatory Framework
Senator Cynthia Lummis calls for swift passage to prevent crypto business exodus while banking groups resist stablecoin provisions.
South Korea to Pilot Blockchain Deposit Tokens for Government Spending Starting Q4 2026
South Korea's Ministry of Economy and Finance is partnering with 9 major banks to roll out a blockchain-based payment system that will replace traditional government procurement cards.
The Legal Battle Between Justin Sun and World Liberty Financial: Controversy Over a Hidden Blacklist Function
Justin Sun accuses WLFI of concealing a blacklist function inside their smart contract to freeze user assets, triggering an intense legal dispute.
The Legal Battle: Justin Sun vs. Donald Trump's WLFI Project
A heated dispute has erupted as crypto billionaire Justin Sun stands accused of manipulating the token market for World Liberty Financial.
🇮🇹 Italy Sets Strict Deadline for Crypto Platforms Under MiCA Framework
Italy has officially set mandatory deadlines for digital asset platforms and services as they transition to the EU's MiCA regulation. The move is seen as a bold step to tighten the legal framework and protect investors as Europe's crypto market enters a critical regulatory phase. CONSOB: VASPs Must Obtain a License or Exit the Market by December 30 In its latest announcement, Italy's securities regulator CONSOB emphasized tha
Polish President Vetoes Crypto Crackdown Bill
President Karol Nawrocki vetoed the Crypto-Asset Market Act, citing concerns that the bill would "threaten the freedom of Polish citizens, personal property, and the stability of the state." The bill drew criticism for allowing authorities to easily block crypto-related websites and for creating excessive regulatory overreach. 🏦 Vanguard Opens Crypto ETF Trading Access to Over 50 Million Customers The $11 trillion asset management giant will allow customers to trade third-party crypto ETFs and funds starting Tuesday
FDIC Set to Release Stablecoin Regulatory Framework This Month
The Federal Deposit Insurance Corporation (FDIC) will soon release a proposed regulatory framework to implement the GENIUS Act — the new U.S. law governing stablecoins. The announcement was made by FDIC Acting Chairman Travis Hill in prepared remarks submitted to the House Financial Services Committee. A new regulatory framework for stablecoins is on the way According to Hill, the FDIC has begun drafting implementation rules for the GENIUS Act, with a formal proposal set to be released this month.
Switzerland Delays Crypto Tax Data Sharing Until 2027
The Swiss government has announced it will delay the enforcement of its crypto asset tax data-sharing mechanism with foreign tax authorities until 2027, even though the CARF legal framework is still set to be codified into law on January 1, 2026. CARF will be enacted in 2026 but won't take effect immediately According to an announcement from the Swiss Federal Council and the State Secretariat for International Finance (SIF), the Crypto-Asset Reporting Framework (CARF) — the global data-sharing framework developed by the OECD — will be enshrined in law as planned on January 1, 2026. However, enforcement and data sharing will not begin until 2027 at the earliest.
CZ's Lawyer Dismisses "Paid-for Pardon" Claims, Calls It a Disinformation Campaign
Binance co-founder Changpeng "CZ" Zhao's personal attorney Teresa Goody Guillén has forcefully denied allegations that CZ "bought" a pardon from former U.S. President Donald Trump. Appearing on the Pomp Podcast, Guillén called the recent criticism "a pile of misstatements stacked on top of each other," emphasizing that public commentators are fundamentally mischaracterizing what happened. Pushing Back Against Political Accusations Guillén specifically called out Democratic Senator Eli
US Ends Government Shutdown, Crypto Regulatory Process Restarts
US President Donald Trump has officially signed the funding bill, ending a 43-day government shutdown — the longest in American history. The move allows federal agencies to resume normal operations and clears the path for crypto-related regulatory processes to continue. The bill passed the Senate earlier in the week and was approved by the House on Wednesday, before President Trump signed it just hours later. The funding package secures the government's budget through
Brazil Officially Classifies Stablecoin Transactions as Foreign Exchange: Crypto Must Follow Banking Rules
Brazil's central bank (Banco Central do Brasil – BCB) has issued a new regulatory framework bringing crypto companies under bank-style oversight and, notably, classifying stablecoin transactions as foreign exchange activity. This marks a major turning point in digital asset regulation in Latin America's most active crypto market. ✅ Stablecoin = Foreign Exchange Under Resolutions 519, 520, and 521, all buying, selling, exchanging, or payment activity using fiat-pegged digital assets (e.g.
"The Most Hated Bull Run?" Bitcoin Reclaims $106,000 as Markets Rally on U.S. Government Shutdown Resolution Hopes
Bitcoin kicked off the new week on a strong note, climbing back above $106,000 as markets cheered the prospect of the U.S. government ending its record-breaking shutdown. Bitcoin wasn't alone — other risk assets also staged a solid recovery amid a return of economic news flow and improved investor sentiment. Market Catalyst: Government Reopening and a $2,000 "Tariff Dividend" On Sunday evening, President Donald Trump surprised markets by announcing a plan to send $2,000 to most Americans as a "dividend" from international trade tariffs. The move immediately drew comparisons to COVID-19 stimulus checks, when fresh cash injections flowed into markets and sent Bitcoin on a powerful bull run.
Bitcoin Mining Stocks Stage Strong Recovery After Trump Tariff Shock
🇺🇸⚒️ Crypto markets and Bitcoin mining stocks saw an impressive rebound following last weekend's record-breaking crash, as investors regained their composure in the wake of former U.S. President Donald Trump's tariff announcement. 📈 Following Friday's $19 billion liquidation event — widely considered the largest in crypto market history — Bitcoin miner stocks surged back on Monday. Bitfarms (BITF) and Cipher Mining (CIFR) led the recovery with double-digit gains, while
Traders Blame Trump Tariffs for Crypto Market Crash
Santiment: "Retail investors always need a specific event to explain a market downturn." The crypto market saw a sharp selloff on Friday after U.S. President Donald Trump announced 100% tariffs on Chinese goods. Many traders immediately pointed to this as the reason Bitcoin and other digital assets dropped across the board. However, according to analytics platform Santiment, the real cause of the market crash is far more complex. "This is
Bitcoin Plunges to $102,000 After Trump Imposes 100% Tariffs on China
The crypto market was rocked over the weekend as Bitcoin (BTC) on Binance dropped to $102,000 after President Donald Trump announced 100% tariffs on Chinese goods. The move reignited fears of a new U.S.-China trade war, triggering a broad selloff across risk assets. Key Developments: Bitcoin Loses Nearly $10,000 in Just Hours Shortly after Trump's announcement, the BTC/USDT trading pair on Binance Futures plunged sharply dow
U.S. Government Shutdown Risk: Will the Crypto Market Structure Bill Face More Delays?
The U.S. government is at risk of shutting down at midnight Tuesday if Congress fails to reach a new budget agreement. This development would not only disrupt federal agency operations but could also directly impact the progress of a digital asset market structure bill currently awaiting Senate review. The bill, also known as the Responsible Financial Innovation Act, aims to clearly delineate the roles of the Securities and Exchange Commission (SEC) ⚖️ and the Commodity Futures Trading Commission (CFTC) in overseeing digital assets. It passed the House in July and was expected to be reviewed by the Senate Banking Committee by late September. However, the timeline has already slipped to October, and a government shutdown could push it back even further.
Fnality Raises $136M, US Lawmakers Push Bipartisan Crypto Legislation and Trump's Retirement Order
The crypto market on September 21 saw several major developments: a leading blockchain payments company closed a successful funding round, US lawmakers pressured the Securities and Exchange Commission (SEC) to implement a former President Donald Trump executive order, and Democrats signaled willingness to work with Republicans on digital asset market regulation. Fnality raises $136 million from major banking institutions London-based blockchain payments company Fnality has raised
EU's Chat Control Law: A Threat to Encryption and an Opening for Web3?
The European Union is closing in on a decision about the Chat Control bill, one of the most controversial proposals touching digital privacy. The bill requires platforms to scan private messages for illegal content before encryption — effectively creating a backdoor in the security system. Privacy Violation Concerns Experts warn that the legislation could conflict with Articles 7 and 8 of the EU Charter of Fundamental Rights, which protect the confidentiality of communications and personal data rights. The prospect of scanning messages on users' devices before they're sent — even absent any sign of wrongdoing — has raised widespread concerns about mass surveillance.
US Pushes BITCOIN Act: Michael Saylor and Tom Lee Join Congressional Roundtable
US lawmakers are set to host a roundtable with 18 top crypto industry leaders, including Michael Saylor — Executive Chairman of MicroStrategy — and Tom Lee — CEO of BitMine and founder of Fundstrat. The discussion will center on advancing the BITCOIN Act, a landmark proposal that could shape the future of digital assets in the United States. The BITCOIN Act: What's in It The BITCOIN Act, introduced by Senator Cynthia Lummis, calls on the US government to purchase 1 million Bitcoin ov
Dogecoin ETF Launches in the U.S.: A Step Toward Legitimacy or Just Packaged Speculation?
On September 12, the Rex-Osprey Dogecoin ETF (DOJE) was officially approved and is set to launch in the United States. It marks the first-ever Dogecoin ETF — a new milestone for the world's most famous memecoin — but it has also sparked considerable debate among investors. How It Differs from Bitcoin ETFs Unlike Bitcoin ETFs approved under the Securities Act of 1933, DOJE was cleared under the Investment Company Act of 1940, which governs mutual funds and diversified ETFs. This requires the fund to gain exposure to Dogecoin through a C
U.S. SEC Establishes Dedicated Crypto Task Force, Prepares to Discuss Financial Surveillance and Privacy
The U.S. Securities and Exchange Commission (SEC) continues to demonstrate its deep interest in the digital asset market, recently announcing it will hold a public roundtable focused on financial surveillance and privacy. The event is scheduled for October 17 at SEC headquarters in Washington D.C., chaired by Commissioner Hester Peirce. This will be the sixth roundtable in a series of crypto discussion events the SEC has held since former Chairman Gary Gensler left office. According to Peirce, developing a clear understanding of pri
US Government Puts Economic Data on the Blockchain via Chainlink and Pyth
The US government has announced plans to publish economic data directly onchain, partnering with two leading blockchain oracle providers — Chainlink ($LINK) and Pyth Network ($PYTH). The move aims to increase transparency in public spending and signals America's ambition to become the global "crypto capital." According to Chainlink, the platform will handle data transmission from the Bureau of Economic Analysis (BEA), covering: real Gross Domestic Product (GDP), the Personal Consumption Expenditures (PC
SEC Launches "Project Crypto": U.S. Declares Leadership in the Blockchain Finance Era
On August 1, 2025, SEC Chair Paul S. Atkins officially announced the launch of "Project Crypto" — a sweeping initiative to modernize the U.S. securities regulatory framework and pave the way for the comprehensive digitization of financial markets on blockchain infrastructure. The U.S. wants to become the global capital of digital assets Speaking at an event hosted by the America First Policy Institute, SEC Chair Paul S. Atkins declared that America stands at "a historic threshold" in its financial transformation, and *
U.S. Congress Passes the GENIUS Act: A Historic Turning Point for Stablecoins and DeFi
On July 25, the U.S. Congress officially passed the GENIUS Act (Guaranteed Electronic USD Infrastructure and Uniform Standards Act) — the first comprehensive legislation to regulate the stablecoin market in the United States. Widely regarded as a historic milestone, the law clears the path for the legalization and scaling of stablecoins and decentralized finance (DeFi) within the traditional financial system. Key Provisions of the GENIUS Act According to the published text, the legislation establishes the following critical requirements: * ✅
US Advances the "One Big Beautiful Bill": Elon Musk Pushes Back Hard, Crypto Community Eyes Tax Relief
On July 1, the US Senate cleared a key procedural hurdle to advance the One Big Beautiful Bill Act (OBBB) — the sweeping spending and tax-cut legislation proposed by the Trump administration. As financial markets buzzed over the prospect of incoming stimulus, the crypto community was caught off guard to find itself included in the bill's tax exemption roadmap. Elon Musk warned he would launch a new political party if the bill passes. The OBBB cleared a procedural vote in the Senate by the narrowest of margins (51–49
Web3 Weekly: "DeFi Day," Stablecoins Surpass Visa, Binance Alpha Explodes, and a Wave of Twitter Bans
Last week (June 9–15) was a turbulent one for the Web3 world, with a rapid-fire series of events spanning policy, product launches, and media conflict. Here are the highlights you can't afford to miss. 1. DeFi Day: CZ Names It, SEC Loosens Its Grip, ETH Rebounds? On June 9 (U.S. time), newly appointed SEC Chair Paul Atkins sent shockwaves through the industry with his speech "DeFi and the American Spirit" — widely read as a clear signal of a regulatory shift for crypto. CZ (former Binance CEO) immediately declared the date
Who Really Controls Bitcoin's Price in 2025? Whales, Developers, or Governments?
Bitcoin entered 2025 with a price above $100,000, cementing its status as a core financial asset in both retail and institutional portfolios. But amid massive capital flows and sharp volatility, the question remains: who actually controls Bitcoin's price? Is it the "whales" holding tens of thousands of BTC? The developers tweaking the source code? Or governments and regulators? Whales: The Silent Giants Who Move Markets If any group comes "closest" to controlling Bitcoin's price, it's the wh
SEC Chair Paul Atkins Announces Sweeping Crypto Market Reform Plan: "End Regulation by Enforcement"
Washington D.C., May 12, 2025 – In an ambitious address at the SEC Crypto Asset Task Force roundtable, newly appointed Chair Paul Atkins unveiled a comprehensive reform agenda to modernize digital asset regulations and put an end to years of "regulation by enforcement" that has drawn sharp criticism from the industry. Blockchain – A Revolution Like MP3? Atkins compared the shift to blockchain-based securities to the revolution MP3 once brought to the music industry
India Tightens Crypto Tax Policy in 2025: Opportunity or Barrier to Growth?
While countries around the world are gradually adjusting their policies to create a more crypto-friendly environment, India — one of the largest crypto markets globally — continues to hold a hardline stance with stringent tax policies and tighter regulations heading into 2025.
SEC Clarifies: Certain Stablecoins Are Not Securities
In a landmark statement, the U.S. Securities and Exchange Commission (SEC), through its Division of Corporation Finance, officially confirmed that certain stablecoins — known as "Covered Stablecoins" — are not considered securities under U.S. federal law. What Is a Covered Stablecoin? According to the SEC's statement, a Covered Stablecoin must meet three specific criteria: 1. Pegged 1:1 to the U.S. dollar 2. Redeemable on demand at a fixed 1:1 ratio with
Last Week in DeFi: From Stablecoin Depeg to U.S. Law Clearing the Path
The decentralized finance (DeFi) market had another volatile week packed with major developments: sUSD lost its peg, PancakeSwap sparked controversy over voting rights, the U.S. formally repealed a rule that had burdened DeFi protocols, and major projects pushed forward with liquidity expansion moves. Here are the highlights worth knowing: 1. sUSD Depeg: Confidence in SNX Shaken Synthetix's sUSD stablecoin has been trading below $0.90 following the passage of SIP-420. The
Global Markets in Shock: Tariffs, No Rate Cuts, and a Crypto Bloodbath
In the early hours of April 7, global financial markets descended into chaos. Former U.S. President Donald Trump's "Liberation Day" policy — which unleashed a wave of new tariffs — triggered a violent selloff across both equities and crypto. Wall Street Plunges, Gold Surges U.S. stocks opened deep in the red: Nasdaq 100 futures fell as much as 6.2%, the VIX fear index spiked 34%, and Japan's Nikkei 225 hit its circuit breaker. Spot gold surged back above $3,040/oz as investors rushed to safety.
HOW ARE TARIFFS SHAKING UP CRYPTO PRICES?
In the financial world, nothing exists in a vacuum — every policy decision can trigger a chain reaction. One of the clearest examples is tariffs, the traditional government tool for regulating international trade. We're used to seeing tariffs rattle stock markets and currency exchange rates, but what about crypto? In February 2025, U.S. President Donald Trump announced new tariffs on Canada and Mexico, and crypto markets reacted immediately: Bitcoin and altcoins across the board dropped sharply.
Do Crypto Traders in China Have to Pay Taxes?
In the digital economy era, cryptocurrency (crypto) has become a popular investment channel worldwide. However, in China, due to its unique legal framework, the question of taxes on crypto trading remains a major concern for many investors. Are users required to pay taxes when trading Bitcoin, Ethereum, or other digital assets? This article will help you better understand current tax regulations and how to optimize your tax obligations in the Web3 space. 1. Does China Allow Crypto Tradi
SEC and the Crypto Roundtable: A New Chapter or the Same Old Loop?
On March 22, the U.S. Securities and Exchange Commission (SEC) held a roundtable with experts from the crypto industry, signaling a shift in how the agency approaches digital assets. However, despite expectations that the event would be a "Spring Sprint Toward Crypto Regulatory Clarity," many feel the results still fell short of what the industry was hoping for. SEC Acknowledges Past Failures One of the highlights of the roundt
White House Crypto Summit: Key Proposals Presented to the U.S. Government
On March 7, the first White House Crypto Summit took place in Washington, drawing significant attention from both the government and the digital asset industry. Although President Donald Trump was not in attendance, the event brought together senior officials and industry leaders including David Sacks, SEC Commissioner Hester Peirce, Acting CFTC Chair Caroline Pham, and Michael Saylor — co-founder of MicroStrategy. One of the summit's most notable features was a closed-door session where crypto industry leaders were given the opportunity to present policy proposals directly to the White House and regulatory agencies.
Will China Pass Cryptocurrency Legislation in 2025?
On January 12–13, 2025, the Central Political and Legal Affairs Commission held a major meeting in Beijing that touched on cryptocurrency. The crypto community in China and around the world immediately buzzed with speculation about whether China was preparing a formal regulatory framework for digital assets. However, deeper analysis suggests that the likelihood of China passing dedicated crypto legislation this year is low. China Is Not Ready to Legislate
New IRS Crypto Tax Rules: What They Say, What They Mean, and How to Respond
In December 2024, the U.S. Internal Revenue Service (IRS) officially released new tax regulations targeting digital asset brokers, marking a significant step toward tightening oversight of the crypto market. The rules are designed to improve tax collection, combat money laundering, and cut off terrorist financing. However, the crypto community faces serious concerns about privacy, decentralization, and the industry's capacity for innovation. 1. The New IRS Tax Rules: Key Provisions The regulation, known as the
Everything You Need to Know After Trump Nominates Paul Atkins as SEC Chair
According to Unchained, citing sources, President-elect Donald Trump has selected Paul Atkins to chair the U.S. Securities and Exchange Commission (SEC). If confirmed, the appointment would mark a significant step in Trump delivering on his campaign promises, potentially creating a more crypto-friendly regulatory environment. Following the announcement, Bitcoin paused its decline and rebounded to around $96,000, with markets reacting positively. It's also worth noting that Paul Atkins has served as an advisor to the RSR token, and RSR surged more than 100% within 24 hours of the news breaking.
Israel May Crack Down on Crypto Taxes
Israel's State Comptroller Calls Out Tax Authority Over $800 Million Crypto Tax Gap According to a report by Israel's Globes, State Comptroller Matanyahu Englman criticized the tax authority for failing to enforce strict crypto tax regulations, resulting in significant lost revenue. The criticism comes amid Israel's mounting debt burden from its prolonged conflict. Englman noted that the government could have collected an additional 3 billion NIS (roughly $800 million) from crypto transa
Web3 Finance & Tax and Blockchain Security Compliance Awareness: Perspectives from Private Crypto Funds
As more and more traditional financial institutions — and even non-financial institutions — begin entering the private crypto fund business and making crypto-related asset allocations, operating private crypto funds in a compliant manner has become critically important. This paper summarizes the types and characteristics of crypto funds with varying strategic attributes, trading methods, and capital sources, as well as the macro regulatory landscape for private crypto funds.
Crypto Legalization in Russia: How It Works and Can It Help Evade Western Sanctions?
There's a thin line between love and hate, especially when it comes to the Russian government's stance on cryptocurrency. In December 2021, Elvira Nabiullina, Governor of the Central Bank of Russia, declared: "We cannot welcome investment in such assets. We believe Russia's financial infrastructure should not be used for cryptocurrency transactions." By July 2024, she had expressed a completely different view: "We expect the first cryptocurrency payment transactions to be completed by the end of this year."
Mt. Gox and the U.S. Government Could Unleash $15 Billion in Bitcoin Selling Pressure
Bitcoin's rally could extend into September even as Mt. Gox and the U.S. government may add nearly $15 billion in selling pressure. Bitcoin's sluggish price recovery could continue into September as Mt. Gox and the U.S. government may introduce nearly $15 billion in additional selling pressure. More than $14.8 billion worth of Bitcoin BTC tickers down $58,965 could soon flood the market and add further downward pressure. The U.S. government currently holds over 203,000 Bitcoin valued at $12.1 billion, while the defunct crypto exchange
DBS Bank Pilots Blockchain-Based Government Grant Disbursement
Singapore's DBS Bank has deployed a blockchain-based solution to streamline the disbursement of government grants. DBS Bank announced that for this pilot, it partnered with Enterprise Singapore (ESG), an agency under Singapore's Ministry of Trade and Industry, and the Singapore Fintech Association (SFA), an organization that promotes financial technology in the country. DBS Bank Uses Smart Contracts to Disburse Government Grants In the pilot, SFA disbursed government grants to 27 m
China's Supreme Court Amends Anti-Money Laundering Law to Include 'Virtual Assets'
The Supreme People's Court said the number of people prosecuted for money laundering has increased 20-fold since 2019. China's Supreme People's Court and Supreme People's Procuratorate have updated their interpretation of the country's Anti-Money Laundering (AML) law to recognize "virtual asset" transactions for the first time. China passed its current AML law on January 1, 2007, and the latest amendment is the first major update in nearly two decades. At a conference on August 19, the Supreme People's Cou
XRP Soars 8% Amid Hopes for Ripple-SEC Lawsuit Resolution
XRP is trading at its highest level since March 25, buoyed by trader optimism that the legal dispute between the SEC and Ripple Labs may be nearing its end. The optimism from traders has pushed XRP, the payment-focused token, to the forefront of the market, surpassing both Bitcoin (BTC) and Ethereum (ETH). As reported by Coin68, a filing published on July 30, 2024, reveals that the U.S. Securities and Exchange Commission (SEC) intends to modify its securities allegations against the tokens lis
Circle Launches First MiCA-Compliant Stablecoin on Base
According to an announcement on July 9th, EURC on Base will be the first stablecoin compliant with the MiCA law within the network. Circle Launches First MiCA-Compliant Stablecoin on Base. Image: Crypto News The stablecoin issuer Circle has launched EURC, a euro-backed stablecoin, on the Layer-2 platform Base. 1/ 🥁 ... $EURC is coming to @base! We’re excited to bring EURC to Base, its first euro-backed stablecoin, enabling developers to deliver faster and cheaper commerce with a euro-backed
German Government Sells $195 Million in Bitcoin
Following a move to transfer over $600 million in Bitcoin on June 19th, the German government has sold $195 million worth within the past 24 hours. The German government has sold $195 million in Bitcoin According to data compiled by on-chain analytics firm Arkham Intelligence, wallets believed to be owned by the German government liquidated assets over the past 24 hours, contributing to a challenging trading day for the world's largest cryptocurrency. Earlier on June 19th, the German governme
SEC Officially Approves Ethereum Spot ETFs
The U.S. Securities and Exchange Commission (SEC) has announced the approval of all proposed Ethereum Spot ETFs, officially recognizing ETH as a "commodity" asset. SEC Officially Approves Ethereum Spot ETFs As predicted by experts, in the early hours of May 24, the U.S. Securities and Exchange Commission (SEC) officially approved 8 Ethereum Spot ETF proposals, marking a complete turnaround in just a few days. Specifically, SEC approved the Ethereum Spot ETF proposals from Grayscale and Bitwis
SEC Delays Decision on Invesco Galaxy's Ethereum Spot ETF Approval
The deadline for SEC to decide on the approval or rejection of Invesco Galaxy's Ethereum spot ETF is set for July 5, 2024. SEC Delays Approval Schedule for Invesco's Ethereum Spot ETF. Image: Forbes Expectations for the debut of an Ethereum spot ETF have been diminishing recently. Recently, the U.S. Securities and Exchange Commission (SEC) once again postponed its decision regarding Invesco Galaxy's proposed fund. Screenshot of a portion of SEC's announcement According to a May 6 announcemen