The Italian government is considering raising the capital gains tax on Bitcoin investments from 26% to 42%, according to Deputy Economy Minister Maurizio Leo. Speaking at a news conference at Palazzo Chigi on Oct. 16, Leo discussed the new budget bill approved by the Council of Ministers, which includes the proposed increase in the withholding...
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SEC, FBI, and DOJ Target Crypto Firms in Coordinated Fraud Investigation
In a coordinated effort, the United States Securities and Exchange Commission (SEC), the Justice Department, and the Federal Bureau of Investigation (FBI) have targeted a complex network of overlapping crypto firms and individuals accused of fraudulent activities. On Oct. 9, the SEC filed civil suits in the District Court of Massachusetts against three market makers...
Argentina Overtakes Brazil in Crypto Inflows: Chainalysis Report
Argentina has emerged as the leading Latin American country in terms of estimated cryptocurrency inflows, surpassing Brazil, according to a new report by Chainalysis. Between July 2023 and June 2024, crypto users in Argentina deposited a total of $91 billion, making it the top crypto destination in the region. Brazil followed closely with $90 billion...
Crypto Adoption on Track to Hit 8% by 2025: Report
Institutional interest and economic uncertainty are driving forces behind the accelerated global adoption of cryptocurrencies, according to a report from MatrixPort. Global cryptocurrency adoption is approaching a significant milestone, with 7.51% of the world’s population now using digital currencies. The report projects that this figure will exceed 8% by 2025, indicating that cryptocurrencies are transitioning...
Taiwan’s New Anti-Money Laundering Laws Put Crypto Firms on Notice
The Financial Supervisory Commission (FSC) of Taiwan has introduced new Anti-Money Laundering (AML) regulations that will require full compliance from all local virtual asset service providers (VASPs) by 2025. The updated AML measures, released on Oct. 2, aim to crack down on illicit activities in the crypto sector and align Taiwan’s regulatory framework with global...
Hacker Pleads Guilty to Stealing $37 Million in Cryptocurrency
Evan Frederick Light, an Indiana resident, has pleaded guilty to charges of conspiracy to commit wire fraud and money laundering after stealing over $37 million in cryptocurrency. The United States Department of Justice (DOJ) announced on Oct. 1 that Light unlawfully accessed an investment firm’s computer servers to steal customer information, ultimately exploiting the data...
Indonesia’s Postal Service Introduces NFT Stamps with “Cenderawasih” Theme
Pos Indonesia, the state-owned postal service of Indonesia, has launched its first-ever postage stamp with a non-fungible token (NFT) counterpart. The newly unveiled stamp features “Cenderawasih,” the bird of paradise, and offers both a physical and digital version, aiming to merge traditional postage with blockchain technology. Announced through the company’s Instagram page, the NFT stamps...
Bitcoin Miner Accuses Arkansas Officials of Targeting Firm with Selective Noise Laws
Bitcoin mining company NewRays has filed a lawsuit against Arkansas County Judge Allen Dodson and prosecuting attorney Phil Murphy, accusing them of selectively enforcing noise regulations against its crypto mining operations. The lawsuit, filed on Sept. 26, claims that the enforcement of newly enacted local laws unfairly targets the firm’s business while benefiting a civil...
Kamala Harris Vows to Make the U.S. a Global Leader in Blockchain and AI
Vice President Kamala Harris has reaffirmed her administration’s commitment to ensuring that the United States becomes the world leader in emerging technologies such as blockchain, artificial intelligence (AI), and quantum computing. Speaking at The Economic Club of Pittsburgh on Sept. 25, Harris emphasized the importance of maintaining American dominance in these fields to remain competitive...
Vitalik Buterin Applauds Celo’s Milestone as It Surpasses Tron in Stablecoin Usage
Ethereum co-founder Vitalik Buterin has publicly praised Celo for a major achievement in the use of stablecoins on its blockchain. In a post on X (formerly Twitter) on Sept. 25, Buterin commended Celo for surpassing Tron in daily active addresses for stablecoins, highlighting the platform’s growing role in improving global access to finance. “This is...