Regulations News

In July 2024, Turkey implemented the “Law on Amendments to the Capital Markets Law,” commonly referred to as the “cryptocurrency law,” marking a significant step in the country’s efforts to regulate the digital asset sector.

During Kenya’s Taxpayers’ Day on November 1, the government announced it had collected $77.5 million in cryptocurrency taxes over the past year.

Mike Novogratz, the CEO of Galaxy Digital, has publicly endorsed Hester Peirce as an ideal candidate for the next U.S. SEC Chair, highlighting her ongoing advocacy for clearer, more crypto-friendly regulations.

Circle CEO Jeremy Allaire believes that stablecoins are on track to become a globally regulated financial infrastructure.

In a recent interview with CNBC, Ripple co-founder Chris Larsen expressed optimism about a significant shift in the regulatory landscape for cryptocurrencies.

Italian Minister of Economy and Finance Giancarlo Giorgetti has defended the government’s plan to increase the capital gains tax on cryptocurrencies like Bitcoin from 26% to 42%, pushing back against critics at a World Savings Day event on October 31.

British Finance Minister Rachel Reeves announced on October 30 an increase in capital gains tax rates for assets like stocks and cryptocurrencies.