Category: crypto

Hong Kong’s Securities and Futures Commission has agreed to separate the Certified Virtual Asset Platform exam from its mandatory course, lower assessment fees, and improve study materials after discussions with industry representatives. Concerns were raised about new virtual asset rules, including lack of guidance and uncertainty for firms in the sector. Discussions also focused on…

BitTorrent will use all revenue from its decentralized services to buy back BTT tokens every quarter starting in the third quarter of 2026. Repurchased tokens will be permanently burned, with transaction details published after each burn. Revenue from BTTInferGrid is expected to increase funds for future buybacks.

Ripple has received full authorization as a Crypto Asset Service Provider in Luxembourg. This allows the company to offer regulated crypto payment services across the European Economic Area. The approval completes Ripple’s Markets in Crypto-Assets requirements and strengthens its position in the European crypto market post-MiCA deadline. Luxembourg is becoming a key location for firms…

South Korea’s largest telecom company KT plans to invest 18 trillion won over three years, including a Token Factory and a won stablecoin platform. The investment will focus on digital asset infrastructure, AI data centers, cybersecurity, and network technologies. KT also plans to partner with global AI firms and expand blockchain payment projects in South…

Asia’s crypto market is seeing varied approaches, with Dubai and Taiwan implementing formal licensing systems while India and Russia focus on state control. Dubai granted its 50th VASP license, Taiwan introduced new laws for exchanges and stablecoins, India is keeping banks away from crypto, and Russia is set to launch the digital ruble.

Binance users in France can no longer trade on the platform due to missing MiCA approval. Users can withdraw assets but not trade. Coinbase and OKX are targeting affected users seeking licensed platforms. MiCA has narrowed Europe’s crypto market, giving approved exchanges an edge in compliance.

Bitcoin ETFs saw $527 million in net outflows from June 29 to July 2, continuing their eight-week streak of withdrawals. Ethereum ETFs also experienced weak demand, while XRP, SOL, and HYPE funds saw inflows. Despite some daily inflows, overall demand for Bitcoin and Ethereum funds remains uneven.

Kraken now allows eligible users to use tokenized stocks and ETFs as collateral for futures and margin trading on Kraken Pro. This update gives traders a way to support leveraged crypto positions without selling their tokenized holdings first. The feature is available to eligible users outside the U.S. and includes 10 xStocks assets.

South Africa’s Revenue Service has released draft guidance on taxing crypto assets under current laws, not as currency but as assets subject to income and capital gains rules. The proposal is open for public feedback until August 31, 2026. The draft clarifies tax treatment for trading, swaps, payments, mining, and other activities related to crypto…

Senator Cynthia Lummis is pushing for the CLARITY Act to set clear rules for digital asset markets in the US. The bill has passed key steps but needs a full Senate vote. It aims to define how digital assets are treated under US law and split oversight between the SEC and CFTC.