In addition to raising the withholding tax on Bitcoin capital gains to 42%, Italy also plans to remove the 750,000 euro web tax threshold.
Regulation news
While MiCA is seen as a net positive for stablecoin regulation, it introduces consolidation concerns, especially among small crypto firms.
As Trump extends his lead over Harris in the prediction markets, BlackRock CEO Larry Fink said it doesn’t matter to Bitcoin who occupies the White House.
Harris takes a softer stance than Biden on crypto regulation but is more skeptical than Trump on taxes, Bitcoin mining, and self-custody, according to Galaxy Research.
While the UAE central bank has given a significant regulatory nod to a new stablecoin, an FTX customer sued hedge fund Olympus Peak over its alleged profits from the exchange’s meltdown.
The Brazilian central bank has 13 participants for phase 2 so far, and it is willing to take on an unlimited number.
TD Bank facilitated more than $1 billion worth of bank transfers from two international crypto platforms, according to FinCEN.
Since 2019, US regulators have collected a total of $31.92 billion in settlements against 25 crypto companies.
According to Polymarket users, Vice President Kamala Harris is currently favored to win the popular vote by a staggering 72% margin.
The securities regulator authorized Bitcoin options to list on BlackRock’s spot BTC ETF in September.