Spain has implemented a new regulation requiring Spanish citizens to disclose their cryptocurrency holdings held on foreign platforms for tax purposes. Individuals and businesses must report their holdings exceeding €50,000 by filling out a specific declaration form called Form 721. The reporting period is from January 1, 2024, to April 1, 2024, with the deadline […]
At the GDEC 2023 conference, Ravi Menon, the Managing Director of the Monetary Authority of Singapore (MAS), criticized Bitcoin and similar digital currencies, questioning their viability as a form of money. Menon argued that private cryptocurrencies, including Bitcoin, have failed as a means of storing value due to their volatility and use for speculation. However, […]
In a thought-provoking exchange on X, Matteo Pellegrini, founder of the Orange Pill app, has sparked a significant debate among Bitcoin experts and enthusiasts. Pellegrini shared insights from a recent conversation with an undisclosed source, revealing a potential strategy by the US Government to exert control over Bitcoin through a spot Exchange-Traded Fund (ETF).According to […]
In a thought-provoking exchange on X, Matteo Pellegrini, founder of the Orange Pill app, has sparked a significant debate among Bitcoin experts and enthusiasts. Pellegrini shared insights from a recent conversation with an undisclosed source, revealing a potential strategy by the US Government to exert control over Bitcoin through a spot Exchange-Traded Fund (ETF).According to […]
Robert F. Kennedy Jr., an environmental lawyer and anti-vaccine activist, recently expressed his concerns about Central Bank Digital Currency (CBDC) and its potential impact on personal freedom. In an interview on the “What Bitcoin Did” podcast, Kennedy warned that CBDC could be used by governments to track individuals’ spending, giving them complete knowledge of every […]
The International Monetary Fund (IMF) is concerned about the growing popularity of cryptocurrencies and the limited adoption of central bank digital currencies (CBDCs). IMF Director Kristalina Georgieva has emphasized the need for guidance in implementing CBDCs to ensure safety, efficiency, and to counter fragmentation. Despite efforts to promote CBDC adoption, countries that have introduced CBDCs […]
South Korea is preparing to launch a pilot program for deposit tokens based on a central bank digital currency (CBDC). This initiative, led by the Bank of Korea and financial authorities, will enable 100,000 individuals to make purchases using deposit tokens issued by commercial banks. The move comes as CBDCs gain increasing attention, with 11 […]
The Tron blockchain has surpassed Bitcoin in popularity among terror groups Hezbollah and Hamas, according to a recent analysis by Reuters. The number of Tron (TRX) wallets seized has seen a significant increase since 2021, while the number of Bitcoin (BTC) wallets seized has declined. Both Hezbollah and Hamas are designated as terror groups by […]
Changpeng Zhao, the founder and former CEO of Binance, the world’s largest cryptocurrency exchange, has been ordered by a US federal judge to remain in the United States until his sentencing in February. The judge ruled in favor of the prosecution, who argued that there was a risk Zhao would flee if allowed to return […]
South Korea is preparing to launch a pilot program for deposit tokens based on a central bank digital currency (CBDC). This initiative, led by the Bank of Korea and financial authorities, will enable 100,000 individuals to make purchases using deposit tokens issued by commercial banks. The move comes as CBDCs gain increasing attention, with 11 […]
