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Digital Assets news

Digital Assets: Donald Trump promises that CBDCs will be banned with his presidency
US politician Donald Trump has spoken out against the creation of a central bank digital currency (CBDC) if he is re-elected as US president. Trump made this statement during a speech in New..
Digital Assets: Some states in the US do not recognize CBDC as a means of payment
Four US states, namely Utah, South Carolina, South Dakota and Tennessee, have proposed bills to exclude central bank digital currency (CBDC) from being a valid form of payment or exchange.
Digital Assets: Fed interest rate cut will return interest in DeFi and stablecoins
According to Fidelity's Digital Assets 2024 report, an interest rate cut by the US Federal Reserve (Fed) could spur renewed institutional investor interest in DeFi and stablecoins.
Digital Assets: Hong Kong ready to accept applications for spot crypto ETFs
Hong Kong is preparing to embrace spot crypto-ETFs, as its financial regulator has announced that it is ready to accept applications for authorization of such funds.
Digital Assets: The Virtual Assets Regulatory Authority in Dubai lays the groundwork for cryptocurrency regulation
Dubai's Virtual Assets Regulatory Authority (VARA) has taken a groundbreaking and pragmatic approach to crypto regulation, setting a global precedent for compliance in the industry..
Digital Assets: The Central Bank of Kazakhstan announced the successful progress of the digital tenge pilot project
After a month-long pilot project, the digital currency of the National Bank of Kazakhstan, known as the digital tenge or CBDC, has been deemed successful. The project has paved the way..
Digital Assets: Russians were banned from managing crypto companies
The European Union has recently approved its twelfth package of economic and individual restrictive measures against Russia. These measures specifically target the rights of Russians to own..
Digital Assets: Updated FTX Exchange Restart Plan Presented
Debtors of the bankrupt cryptocurrency exchange FTX, together with Sullivan & Cromwell lawyers, have made amendments to the exchange's reorganization plan under Chapter 11.
Digital Assets: Brazil passed a law on the taxation of crypto assets on foreign exchanges
In Brazil, citizens are now required to pay a tax of up to 15% on profits obtained from cryptocurrency transactions. This new regulation came into effect on January 1st, 2024.
Digital Assets: New FASB cryptocurrency rules will impact crypto companies by 2025
According to Bloomberg, the Financial Accounting Standards Board (FASB) has released innovative accounting rules for cryptocurrency companies, requiring them to register assets in Bitcoin..