The cryptocurrency sphere is poised for critical evolution as we approach 2025, drawing on insights from Coinbase’s latest market outlook. This year is anticipated to catalyze a transformation across multiple dimensions, primarily characterized by tokenization, a resurgence of decentralized finance (DeFi), and a progressive stance toward pro-crypto regulations in the United States. These trends collectively
Regulation
The Bavarian State Office for Data Protection Supervision (BayLDA) has recently mandated Worldcoin, a digital identity project utilizing biometric data, to enhance its privacy protocols significantly. This decision stems from an extensive inquiry launched in April 2023, focusing on the company’s use of iris scanning technology to develop unique digital identities. As scrutiny of biometric
In a significant stride toward enhancing its regulatory landscape, Hong Kong’s Securities and Futures Commission (SFC) has recently licensed four new virtual asset trading platforms (VATPs). This development, announced on December 18, reflects the city’s ongoing commitment to establishing a structured framework for the burgeoning cryptocurrency industry. The newly licensed platforms include Accumulus GBA Technology
In a recent proclamation, Charles Hoskinson, the visionary co-founder of Cardano, highlighted a significant issue within the governance structure of the Cardano Foundation. On December 18, he took to the social media platform X to implore the community to take an active interest in the Foundation’s board configuration and the democratic deficits in its decision-making
The landscape of cryptocurrency regulation in Europe is undergoing a transformative shift with the forthcoming implementation of the Markets in Crypto-Assets (MiCA) regulation. The European Securities and Markets Authority (ESMA) has taken a crucial step by releasing its final guidance, detailing expectations for market conduct and investor protection. After an extensive 18-month initiative that involved
In a pivotal move, the Nigerian Securities and Exchange Commission (SEC) has implemented stringent new regulations aimed at controlling the influence of social media personalities on cryptocurrency promotion. As the digital asset space garners both interest and skepticism, the SEC’s decision underscores the urgent need for enhanced accountability among influencers and the firms they promote.
The UK’s Financial Conduct Authority (FCA) has embarked on an important public consultation as of December 16, with the aim of refining and strengthening regulations within the cryptocurrency sector. This initiative highlights the FCA’s dedication to developing a regulatory framework that not only safeguards consumers but also fosters innovation in a rapidly evolving market. As
In a pivotal moment for the evolving landscape of digital assets in the United States, Congressman French Hill has taken on the role of chair of the House Financial Services Committee. His recent dialogue with CNBC serves as an articulate outline of his strategic priorities aimed at clarifying and reforming the regulatory framework surrounding cryptocurrencies.
Italy recently found itself at the crossroads of economic policy and technological progress when the government suggested a substantial increase in the tax on capital gains from cryptocurrency investments. Initially set at 26%, the proposed hike recommended elevating this figure to 42% as part of the 2025 budget plan. The objective behind this decisive move
In a significant ruling, the Australian Securities and Investments Commission (ASIC) has imposed a hefty $5 million fine on Bit Trade, the firm behind the Kraken cryptocurrency exchange. This monumental decision, stemming from a federal court ruling, highlights the increasing scrutiny on financial entities and their adherence to the regulatory obligations set forth by Australian