Nigeria has started tracking cryptocurrency transactions and linking them to individuals as part of the Nigeria Tax Administration Act 2025. Summary Nigeria has started tracking crypto transactions through its tax identification number under the Tax Administration Act 2025. Crypto exchanges are required to report customer data, transaction details, and suspicious activity to tax and financial…
A fight over stablecoin rewards is threatening to fracture Coinbase’s support for Washington’s next major crypto bill. Summary Coinbase may oppose a key crypto bill if stablecoin rewards are restricted. Rewards tied to USDC are a major revenue source for the exchange. The dispute risks delaying market structure legislation in Congress. Coinbase is drawing a…
Bitnomial has cleared a key regulatory step that allows it to launch prediction markets in the U.S. Summary The CFTC issued a no-action letter covering Bitnomial’s event-based contracts. Relief applies to narrow reporting and recordkeeping rules for certain swaps. The approval clears the way for regulated U.S. prediction markets on Bitnomial. Bitnomial has taken a…
Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. In September, Nasdaq filed proposed rule changes enabling the trading of tokenized securities that would still settle through DTC, the traditional U.S. clearing and settlement system. Weeks later, Binance approved BlackRock’s tokenized…
Big Four accounting firm PwC is moving into the crypto space after years of maintaining a cautious distance, supported by a pro-crypto environment fostered by the Donald Trump administration. Summary PwC is now engaging with crypto clients across audit and consulting, amidst a more favorable US policy stance. The firm has advised companies on using…
Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. Crypto has never suffered from a lack of noise: ICO boom, DeFi summer, NFTs, FTX and Terra collapse, etc. For more than a decade, the industry has relied on volume — louder…
Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. Western Union’s stablecoin integration, alongside issuances from PayPal and Ripple, signals that the shift toward a multi-trillion-dollar stablecoin economy is already underway. Summary Stablecoins are already systemically important: Processing $46T annually and…
India’s central bank, the Reserve Bank of India, has urged major economies to focus on developing central bank digital currencies instead of stablecoins, which it believes pose mounting risks to financial stability and monetary sovereignty. Summary The Reserve Bank of India has urged global policymakers to prioritize central bank digital currencies over stablecoins. The central…
The U.S. Securities and Exchange Commission’s deputy director of the Division of Corporation Finance, Cicely LaMothe, has announced her retirement after a 24-year tenure with the commission, during which she supported several pro-crypto initiatives that helped lay the groundwork for the SEC’s current, more supportive posture toward the digital asset space. Summary Cicely LaMothe has…
Many crypto industry proponents have criticized a proposed 5% tax on California billionaires, saying it would push wealth out of the state while doing little to fix the problems in the healthcare system it is designed to fund. Summary California’s proposed 5% billionaire tax would apply to unrealized gains and a wide range of personal…
