Category: Law of the Chain
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US Treasury explores $10B Bitcoin purchase amid 5% price surge
Scot Bessent reveals US considers Bitcoin purchases; Treasury explores $10B allocation; Bitcoin rises 5%; SEC monitors ETF approvals; MicroStrategy holds 190K BTC.
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New York crypto tax targets Bitcoin and Ethereum for $1B school funding
New York proposes a crypto tax to fund upstate schools, targeting Bitcoin and Ethereum transactions; projected revenue exceeds $1 billion annually.
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Hong Kong SFC enforces stricter crypto custody rules for 11 exchanges by Q2 2024
Hong Kong SFC mandates stricter crypto custody rules for exchanges like Binance and OKX, affecting 11 licensed platforms by Q2 2024.
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Senator Lummis confirms Bitcoin Act as US policy for 2025 crypto market
Senator Lummis confirms the Bitcoin Act remains key for US policy, involving BTC, blockchain, and a $1.5 trillion crypto market by 2025.
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SEC delays spot Solana ETF decision to October 2024
SEC delays spot Solana ETF decision to October 2024, affecting SOL price and crypto markets. Grayscale and VanEck await regulatory approval.
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New York Assembly proposes 0.2% tax on Bitcoin and NFT transactions in 2024
New York Assembly proposes 0.2% excise tax on crypto and NFT transactions, affecting Bitcoin and Ethereum traders, with potential $50M annual revenue.
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3000 Bitcoin mining rigs seized in Tajikistan and Kazakhstan in 2023
Illegal Bitcoin mining surges in Tajikistan and Kazakhstan, with 3000 rigs seized in 2023, costing governments $50 million in lost revenue annually.
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Bitcoin designated US Treasury reserve asset with MicroStrategy holding 190,000 BTC
MicroStrategy’s Michael Saylor announced Bitcoin as a US Treasury reserve asset, holding 190,000 BTC, valued at $8 billion, alongside Tesla and Square.
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BPI says GENIUS Act loopholes risk $17T banking sector with stablecoin yields
BPI warns GENIUS Act loopholes let stablecoins like USDT and USDC offer 5% yields, threatening traditional banks and $17T deposits.
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Hong Kong SFC requires 98% cold storage for crypto exchanges by 2025
Hong Kong SFC enforces stricter custody rules for crypto exchanges like Binance and OKX under ASPIRe, requiring 98% cold storage by 2025.
