IRS Extends Crypto Tax Reporting Deadline to 2026 Amid Industry Adaptation
The IRS has delayed new cryptocurrency tax reporting requirements until 2026, giving brokers more time to implement necessary systems. The postponement affects both centralized and DeFi platforms, impacting up to 2.6 million taxpayers while facing legal challenges from industry groups.
Binance Makes History with First Crypto Broker-Dealer License in Brazil
Binance secures groundbreaking approval from Brazil's Central Bank to acquire Sim;paul, becoming the first crypto exchange with a broker-dealer license in the country. This milestone marks Binance's 21st global regulatory achievement and enables expanded services in Latin America's largest economy.
Syria Explores Bitcoin Adoption in Bold Economic Recovery Plan
Syria's transitional government unveils an ambitious proposal to legalize Bitcoin and digitize its national currency as part of post-war economic reconstruction. The comprehensive plan aims to combat inflation, attract foreign investment, and potentially bypass international sanctions through cryptocurrency integration.
IRS Extends Crypto Tax Reporting Rules to 2026, Offering Relief to Exchanges and Investors
The IRS has announced an extension of cryptocurrency tax reporting requirements through 2026, giving exchanges and taxpayers more time to adapt. The update includes flexibility in cost-basis calculation methods for 2025 and new rules for both CeFi and DeFi brokers.
Swiss Bitcoin Initiative: Voters May Force Central Bank to Hold BTC Reserves
Switzerland's Federal Chancellery has approved the 'Bitcoin Initiative,' paving the way for a potential national referendum on requiring the Swiss National Bank to hold Bitcoin reserves. The groundbreaking proposal could make Switzerland one of the first countries to mandate cryptocurrency holdings for its central bank.
Bitcoin's Real Value Hits $1.03T: New Metric Reveals True Investment Landscape
Bitcoin's stored value surges 85% to $1.03 trillion in 2024, according to CryptoQuant analysis combining on-chain and off-chain data. This new metric offers deeper insights into actual capital invested versus market cap, suggesting growing institutional confidence in Bitcoin as a store of value.
Italy Sets New Crypto Tax Rate at 26% in 2025 Budget Law
Italy's Senate has approved significant changes to cryptocurrency taxation, setting a 26% rate on capital gains starting 2025, with a planned increase to 33% in 2026. The new law removes the €2,000 exemption threshold and offers an 18% substitute tax option for assets held by January 2025.
Bitcoin Sentiment Cools as Price Retreats to $93K in Year-End Slump
Bitcoin's market sentiment indicator drops to 65 from November's peak of 94, reflecting waning investor confidence despite remaining in 'greed' territory. The leading cryptocurrency has declined 13.7% over 12 days as traders seek refuge in stablecoins amid technical predictions of continued price volatility.
20 Types of Cryptocurrency Rug Pulls Every Investor Should Know
A comprehensive guide exposing 20 different cryptocurrency scam tactics known as 'rug pulls' that leave investors with worthless assets. Understanding these deceptive schemes, from liquidity drains to fake partnerships, is crucial for protecting your crypto investments.
Crypto Crackdown: Indian Tax Officials Expose Wedding Planners' Digital Currency Network
Income Tax officials in Jaipur have uncovered a sophisticated cryptocurrency operation during raids on wedding planners, seizing ₹20 crore and freezing crypto wallets. The investigation revealed an elaborate scheme converting unaccounted wedding cash into digital currencies through hawala networks.