IRS reveals final regulations for crypto broker rules

The Internal Revenue Service did not include decentralized exchanges or self-custodial wallets under its broker reporting requirements.

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Trump Exempts Certain Tech Products from Tariffs: Will Cryptocurrency Reap the Benefits?

President Donald Trump has recently granted exclusions for a range of technology products from tariffs, which could potentially benefit the cryptocurrency industry. By exempting certain tech items from tariffs, it may lead to cost savings for companies involved in the development and production of blockchain and cryptocurrency technologies. The decision to provide exemptions for certain [...]

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OpenSea petitions SEC to exempt NFT marketplaces from regulatory oversight

OpenSea, a popular NFT marketplace, is calling on the Securities and Exchange Commission (SEC) to exempt NFT platforms from securities regulation. The platform argues that NFTs are unique digital assets that should not be classified as securities, which would subject them to strict regulations. This move comes amidst increased scrutiny from regulatory bodies on the [...]

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Ukraine introduces new tax law: 23% tax on select crypto income, stablecoins exempted

The Ukrainian government has proposed a new tax law that would impose a 23% tax on cryptocurrency transactions. This tax would not apply to stablecoins, which are cryptocurrencies pegged to assets like the US dollar to minimize price volatility. The proposal outlines that individuals and businesses engaging in cryptocurrency transactions would need to report their [...]

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APX Lending Secures Exemptive Relief from Canadian Securities Administration to Boost Growth

APX Lending, a leading blockchain-based lending platform, has received exemptive relief from the Canadian Securities Administrators. This decision allows APX Lending to operate its lending platform without needing to register as a securities dealer in Canada. The Canadian Securities Administrators granted this relief after determining that APX Lending’s lending activities do not fall under the [...]

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FTX’s Bankman-Fried Is Allegedly Using Alameda Funds to Pay for Legal Defense

According to two sources close to FTX, Sam Bankman-Fried, the disgraced co-founder, gave his father, Stanford Law professor Joseph Bankman, millions of dollars. The funds are reportedly being used to pay for legal costs. The sources said that Bankman-Fried allegedly gave “at least $10 million” from the now-defunct quantitative trading firm Alameda Research to his [...]

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Crypto Companies in Japan Get Tax Relief Under Revised Rules

The tax administration of Japan has provided an exemption to companies issuing cryptocurrencies under a revision of the corporate tax rules. A local crypto media report described the move as a step toward improving the business environment for the digital asset sector in the country. Japan Tax Authority Gives Cryptocurrency Businesses a Tax Exemption Japan’s

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Georgia’s new bill considers giving crypto miners tax exemptions

Reps Don Parsons, Todd Jones, Katie Dempsey, Heath Clark, and Kase Carpenter of Georgia introduced HB 1342, a bill with no title, on Monday. The bill would amend the state tax legislation “to exempt the sales or usage of electric power used in the commercial mining of digital assets” and would most likely only apply […]

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Missouri bill would ban CBDCs, make gold and silver legal tender

Missouri lawmakers have been trying hard to pass an anti-CBDC bill, and one of these days, they may succeed.

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Hong Kong proposes tax breaks to attract crypto hedge funds, investors

Hong Kongs move to exempt crypto gains from taxes targets hedge funds and family offices in a bid to boost its competitiveness.

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UAE exempts crypto transfers, conversion from value-added tax

The UAE has exempted cryptocurrency transfers and conversions from value-added tax, positioning itself as a more crypto-friendly jurisdiction for digital asset transactions.

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