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Policy
Bolivia Seeks Regulatory Guidance from El Salvador for Its Cryptocurrency Ecosystem
In a move to develop its cryptocurrency regulatory framework, the Central Bank of Bolivia announced the signing of a cooperation agreement with El Salvador's digital asset regulator on Wednesday. This agreement marks a crucial step towards creating a legal and technical framework for the adoption of cryptocurrencies in Bolivia. The Central Bank of Bolivia and El Salvador's National Commission of …
July 31, 2025, 6:32 a.m.
Policy
US Prepares for Bitcoin Reserve, Bo Hines Predicts Widespread Satisfaction
The long-awaited report from President Donald Trump's crypto working group has finally been released, outlining the administration's vision for the US crypto sector. According to Bo Hines, executive director of the group, decentralized finance protocols are expected to thrive under the proposed regulations. 'Decentralized protocols can definitely meet the rules of the road,' Hines stated, emphasi…
July 30, 2025, 10:19 p.m.
Policy
Samourai Wallet Developers Admit to Operating Unlicensed Money Transfer Service
In a significant development, the creators of the bitcoin mixing service Samourai Wallet have pleaded guilty to conspiring to run an unlicensed money transmission business. This plea agreement, accepted by U.S. District Judge Denise Cote, drastically reduces the potential prison sentence for Keonne Rodriguez and William 'Bill' Lonergan Hill, the masterminds behind the service. Initially, they wer…
July 30, 2025, 8:54 p.m.
Policy
Jury Deliberations to Commence in Roman Storm's Money Laundering Case
A Manhattan jury is poised to begin deliberations in the trial of Roman Storm, the developer of Tornado Cash, to determine whether he is guilty of aiding hackers and other cyber criminals in laundering large sums of money. The jurors heard closing arguments from both the prosecution and the defense, with each side presenting their interpretation of the evidence gathered over the past three weeks …
July 30, 2025, 8:20 p.m.
Policy
US Government Has No Plans for Bitcoin Reserves, According to Latest Crypto Report
The highly anticipated White House cryptocurrency strategy report has been released, but it is unlikely to provide the crypto industry with any new information, including details about federal bitcoin reserves, which remain unclear for a sector eager to learn more. The report provides a comprehensive overview of President Donald Trump's cryptocurrency efforts to date, covering all major and minor…
July 30, 2025, 4:08 p.m.
Policy
Indonesia Announces Crypto Tax Hike: Reuters Report
According to a recent report by Reuters, Indonesia is planning to implement higher taxes on cryptocurrency transactions, effective August 1, as the popularity of crypto investing continues to grow. This move is based on a new regulation issued by the Ministry of Finance. Sellers utilizing exchanges within the country will be required to pay a 0.21% tax on the transaction value, representing an in…
July 30, 2025, 3:10 p.m.
Policy
Bank of Korea Forms Dedicated Unit to Oversee Digital Assets and Inform Cryptocurrency Regulations
According to a report from News1, the central bank of South Korea is set to launch a specialized unit dedicated to virtual assets, as part of its broader strategy to address the cryptocurrency industry. This unit will be tasked with monitoring the digital asset market and facilitating discussions on legislation tailored to the crypto space, including the country's approach to stablecoins pegged t…
July 30, 2025, 11:25 a.m.
Policy
US Senator Introduces Legislation to Support Crypto-Backed Mortgages
Senator Cynthia Lummis, a strong advocate for the digital assets industry, has proposed a new bill that would enable mortgage borrowers to leverage their cryptocurrency holdings as a means of securing loans. This development follows a directive from Federal Housing Finance Agency Director William Pulte, instructing government-backed mortgage entities Fannie Mae and Freddie Mac to develop proposal…
July 29, 2025, 5:31 p.m.
Policy
ECB Warns of Potential Erosion of Monetary Autonomy Due to US-Backed Stablecoin Adoption in EU
The widespread adoption of US dollar-denominated stablecoins for payments and settlements within the European Union could potentially compromise the European Central Bank's ability to regulate monetary conditions. According to an ECB adviser, the pervasive use of these stablecoins, which are digital assets backed by the US dollar, may have a similar impact on the EU as the US dollar has on develo…
July 29, 2025, 12:06 p.m.
Policy
Trump's Nominee for US Crypto Regulator Role Delayed by White House
The confirmation process for Brian Quintenz, President Donald Trump's choice to lead the Commodity Futures Trading Commission, has been put on hold by the White House. Quintenz was set to receive a crucial vote from the Senate Agriculture Committee, but the administration intervened, marking the second time his confirmation has been delayed in the past week. The committee was prepared to vote on …
July 28, 2025, 9:34 p.m.