A Republican and Democratic representative have jointly released a proposed tax framework for cryptocurrencies that would exempt certain stablecoin transactions from taxation and provide clarity on the tax treatment of staking rewards.
The US Federal Reserve has withdrawn a policy statement from 2023 that had effectively prohibited the banks it supervises from engaging with cryptocurrency.
Crypto asset ownership in the UK has fallen to 8% of adults, down from 12% in 2024, based on a YouGov survey for the Financial Conduct Authority.
Inflows into crypto-linked exchange-traded products totaled US$864 million last week, making it the third consecutive week of positive flows.
The digital asset firm Galaxy has revealed plans to establish an office and a new entity in Abu Dhabi, signaling a committed expansion into the Middle Eastern market.
The Office of the Comptroller of the Currency, a national US bank regulator, announced Tuesday that banks can serve as intermediaries for cryptocurrency transactions.
The UK’s Financial Conduct Authority has launched a consultation on proposed reforms to investment regulations, directly seeking input from the cryptocurrency industry as a key stakeholder.
