South Africa Releases Draft Guidance on Crypto Asset Taxation
South Africa’s tax authority has issued draft guidelines that clarify how existing income tax and capital gains tax rules apply to crypto assets, with public comments open until August 31
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Crypto Licensing Boom Hits Europe as MiCA Takes Effect
The European Union has seen a sharp rise in approved crypto firms under its MiCA rules, with 37 new licenses added recently to reach around 281 total entities. This marks a key step in the bloc's push for regulated digital asset services
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Revolut Delists USDT for European Users Under MiCA Rules
Revolut is removing support for Tether's USDT stablecoin in eligible European accounts due to the EU's Markets in Crypto-Assets framework. Users have until August 31 to act on their holdings
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Senator Gillibrand Calls for Ban on Elected Officials Issuing Memecoins
Senator Kirsten Gillibrand has proposed barring members of Congress, the president, and their spouses from issuing or sponsoring digital assets like memecoins, citing concerns over potential conflicts of interest amid recent financial disclosures
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India's RBI Pushes to Keep Banks Away from Crypto
The Reserve Bank of India has urged lawmakers to maintain strict separation between the banking system and cryptocurrencies, including private stablecoins, while keeping prohibition as an option
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Trump's Record Crypto Earnings Fuel Ethics Debate in Washington
President Donald Trump's 2025 financial disclosure revealed over $1.4 billion in crypto-related income out of $2.2 billion total, led by massive gains from the TRUMP memecoin and World Liberty Financial ventures, prompting renewed questions about conflicts of interest amid ongoing crypto legislation
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CZ Reveals Key Factors Behind 2026 Crypto Market Downturn
Binance founder Changpeng Zhao points to capital flows into AI, geopolitical tensions, and standard market cycles as drivers of the current weakness in Bitcoin and altcoins
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EU Issues 230 MiCA Licenses as July Deadline Approaches with Germany Leading
The European Union has granted around 230 licenses under its Markets in Crypto-Assets regulation. Germany tops the list with 56 approvals as the July 1 transitional deadline draws near, leaving many firms at risk of market exclusion
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Hong Kong Expands Crypto Tax Reporting to 8,000 Financial Institutions
Hong Kong advances implementation of the OECD Crypto-Asset Reporting Framework, requiring thousands of additional firms to register and report user data starting in 2027, alongside preparations for regulated stablecoin issuance
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EU Lawmakers Call for Review of DeFi, Staking, NFT Rules Under MiCA
The European Parliament’s ECON committee has urged the European Commission to evaluate additional regulations covering decentralized finance, staking, lending, NFTs, and related activities as part of ongoing MiCA framework assessment. A vote is expected on July 7
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