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Singapore minister warns against crypto investments amid rising fraud
Mar 06,2025
Singapore's Minister of State for Home Affairs, Sun Xueling, has issued a strong warning about the risks of investing in cryptocurrency, citing an alarming rise in fraud cases. During a parliamentary debate on 4 March, she explained that the anonymou...
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Cryptocurrency adoption surges with over 824 million people owning digital assets
Mar 06,2025
A new report from venture capital firm Epoch reveals that over 824 million people globally now own some form of cryptocurrency, marking a significant surge in adoption. Rapid growth is largely fuelled by strong price performance, increasing instituti...
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New Hampshire moves closer to allowing Bitcoin investments
Mar 06,2025
New Hampshire's Bitcoin bill has cleared a major hurdle, passing the House Commerce and Consumer Affairs Committee with a 16-1 vote. The bill now moves to the House floor, where lawmakers will decide whether to allow the state treasurer to invest up ...
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Russia considers crypto trading trial for elite investors
Mar 06,2025
Russia is considering an experimental cryptocurrency trading programme for top-tier investors, requiring a minimum holding of 24 million roubles ($250,000). The Ministry of Finance and the Bank of Russia are leading discussions on the initiative, whi...
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Vietnam moves to regulate crypto with new legal framework
Mar 06,2025
Vietnam's Ministry of Finance is set to introduce a legal framework for digital assets and cryptocurrencies, with plans to launch a state-licensed digital currency exchange. Deputy Minister Nguyen Duc Chi confirmed the initiative, highlighting the go...
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Belarus eyes crypto mining to use surplus energy
Mar 05,2025
Belarusian President Aleksandr Lukashenko has urged officials to strengthen the country's energy infrastructure and consider cryptocurrency mining to utilise surplus electricity. Addressing newly appointed Energy Minister Aleksei Kushnarenko, he high...
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El Salvador faces new IMF restrictions on Bitcoin transactions
Mar 05,2025
The International Monetary Fund (IMF) has urged El Salvador to stop public-sector Bitcoin purchases as part of its$1.4 billion funding deal with the country. In newly issued documents, the IMF stressed that the government should not voluntarily accum...
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CoinDCX to manage seized crypto assets for India's enforcement directorate
Mar 05,2025
India's Enforcement Directorate (ED) has chosen CoinDCX to manage and store seized digital assets as part of a crackdown on cryptocurrency-related financial crimes. The partnership follows high-profile fraud cases like GainBitcoin and BitConnect, whi...
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Senate votes to overturn IRS rule on DeFi brokers
Mar 05,2025
The United States Senate has voted 70-27 to overturn an IRS rule that would have imposed new tax reporting requirements on decentralised finance (DeFi) brokers. The decision, backed by both parties, follows concerns that the rule was impractical for ...
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BankPozitif partners with Taurus for crypto safekeeping in Turkey
Mar 05,2025
BankPozitif, a leading digital bank in Turkey, has partnered with Swiss firm Taurus to provide institutional-grade cryptocurrency safekeeping services. This move places BankPozitif at the forefront of Turkey's rapidly growing digital asset sector, as...
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South Korea moves closer to Bitcoin ETF decision
Mar 05,2025
South Korea's financial regulators are closely monitoring Japan's moves towards approving Bitcoin exchange-traded funds (ETFs), with reports suggesting that Seoul may follow suit if Tokyo takes further action. Since late last year, South Korea's Fina...
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Israel unveils early digital shekel plan
Mar 05,2025
Israel's central bank has unveiled an early blueprint for a potential digital shekel, setting out its design, functionality, and regulatory considerations. While no final decision has been made on issuing a central bank digital currency (CBDC), the B...
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