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News from December 2024
The Financial Conduct Authority (FCA) has initiated plans to regulate the expanding cryptocurrency sector, as 12% of UK adults now own cryptocurrencies, an increase from 10% in previous years.
On November 27, the Russian Federation Council approved a bill establishing a taxation framework for cryptocurrency transactions, including an exemption from value-added tax (VAT) for mined coins.
Bitget announced it recently secured registration with the United Kingdom's Financial Conduct Authority (FCA).
Nils Andersen-Röed, Head of Binance’s Financial Intelligence Unit and former Europol investigator, said that blockchain's transparency is a "powerful tool" against illicit activity.
The UK Financial Conduct Authority (FCA) is seeking feedback on its Discussion Paper DP24/4 to shape the proposed "Cryptoasset Admissions and Disclosures and Market Abuse Regime."
Brian Armstrong, co-founder and CEO of Coinbase, said that the percentage of global GDP operating on cryptocurrency rails is expected to increase significantly over the next decade.
Marc Andreessen, general partner of Andreessen Horowitz, has raised concerns about what he describes as "Chokepoint 2.0," a strategy targeting political opponents and tech startups through de-banking and economic pressure.
Bybit has announced the cessation of withdrawal and custody services for French nationals and residents, attributing the decision to regulatory changes in the French Territories.
Blockchain consultant Stéphane Rodriguez has reported that users of the cryptocurrency exchange Bybit in France are unable to sell their tokens to recover funds before the platform's account closure.
Sarah Knafo, a French Member of Parliament and Vice President of the ENS group in the European Parliament, expressed her opposition to the introduction of a digital euro and advocated for a strategic national Bitcoin reserve.
Stefan Berger, a Member of the European Parliament (MEP), has called for the European Union to appoint a dedicated representative for cryptocurrency.
Christian Lindner, former Federal Minister of Finance and leader of the Free Democratic Party (FDP), has advocated for Germany to embrace the opportunities presented by Bitcoin and other digital currencies.
Christian Lindner has emphasized the importance of crypto assets in contributing to "global prosperity," highlighting that the United States is considering including them in its reserves.
Sarah Knafo, a French Member of Parliament and Vice President of the ENS group, expressed concerns over a new European regulation known as MiCA.
Verena Ross, chair of the European Securities and Markets Authority (ESMA), said that the implementation of the Markets in Crypto Assets Regulation (MiCA) on December 30, 2024, represents a "significant step" toward regulating the cryptocurrency...