Crypto ETPs See Record Weekly Inflows
The latest data reveals that the digital asset market experienced a significant week, with a record-breaking $3.85 billion flowing into investment products, primarily in Bitcoin.
Former Binance CEO Says China Will Build a Bitcoin Reserve
Changpeng Zhao, the former CEO of Binance, spoke at the Bitcoin MENA conference held in Abu Dhabi about the likelihood of China establishing a strategic reserve of Bitcoin.
Bitmain Expands Production Line to US
Bitmain, a leading manufacturer of Bitcoin mining hardware, has announced the expansion of its production line to the United States.
Czech Republic Puts Off Implementation of Tax on Crypto Gains
The Czech Republic has enacted a groundbreaking tax reform that will waive capital gains tax on Bitcoin and other digital assets held for more than three years, with the new policy taking effect on Jan. 1, 2025.
FSOC: Stablecoins Threaten Financial Stability
The United States Financial Services Oversight Council (FSOC) has expressed concern about the lack of adequate risk management standards in the stablecoin market.
British Regulator Bans Pump.fun in UK
The Financial Conduct Authority (FCA) of the United Kingdom has issued a warning regarding Pump.fun, a memecoin generator platform that is not authorized to operate in the country.
Australian Regulator AUSTRAC Cracks Down on Cryptocurrency ATM Providers
AUSTRAC is taking a strict approach towards cryptocurrency ATM providers in Australia who do not adhere to the country’s anti-money laundering regulations.
