Singapore’s ousted crypto firms may not find shelter elsewhere
Singapore’s MAS orders unlicensed crypto firms to stop serving overseas clients, closing regulatory loopholes. Firms must comply or leave, reflecting global push for stricter crypto compliance and oversight.
Singapore Clarifies Crypto Licensing Rules With Offshore-Only Activities Under Fire – Regulation Bitcoin News
Singapore’s MAS clarifies crypto licensing rules, targeting offshore-only providers. Unregulated firms face compliance deadlines to continue operating in Singapore’s digital asset markets.
US Seizes Crypto and 145 Domains From Identity Theft Marketplace – News Bytes Bitcoin News
The U.S. DOJ seized 145 domains and crypto from BidenCash, a dark web marketplace selling stolen payment card data and personal information with over 15 million compromised records.
Brazil Defies Trump Tariff Threats, Backs Dollar-Free BRICS Trade – Economics Bitcoin News
Brazil is promoting local currency trade within BRICS, defying U.S. tariff threats and advocating for financial independence under President Lula da Silva’s leadership.
Switzerland Opens Crypto Tax Vault To 74 Nations—Details
Switzerland will require crypto firms to report customer data to tax authorities starting 2026, sharing it with 74 nations by 2027 under CARF rules, excluding the US, China, and Saudi Arabia.
Fed Signals End to Ambiguous Crypto Rules, Clearing Road for Innovation – Regulation Bitcoin News
The Federal Reserve aims to clarify crypto regulations, removing ambiguity to foster innovation in digital assets and financial technologies, as stated by Vice Chair Michelle W. Bowman.
Song A Day creator recounts ‘tax nightmare’ after making millions from NFT sale
Jonathan Mann earned millions in Ethereum from NFT sales but faced a tax nightmare as IRS taxed initial value despite market drops, forcing him to sell prized assets to cover obligations.
Korea Crypto News: Hashed Research CEO Appointed Chief Policy Officer at Presidential Office
Korea’s President appoints Hashed Research CEO Kim Yong-beom as Chief Policy Officer, signaling a crypto-friendly administration focused on a Won-based stablecoin initiative.
Federal Reserve Suffers $1,060,000,000,000 in Unrealized Losses As Central Bank’s Rate Hikes Pressure Bonds – The Daily Hodl
The Federal Reserve reports $1.06 trillion in unrealized losses on bonds due to prolonged high interest rates, though these losses won’t impact monetary policy or Treasury remittances unless assets are sold.
Winklevoss’ Gemini submits confidential IPO filing amid renewed investor confidence
Gemini, founded by the Winklevoss twins, filed a confidential IPO draft with the SEC. The exchange, valued at $7.1B in 2021, seeks to go public amid renewed investor confidence and a heated IPO market.
