🇨🇳 The People's Bank of China, in its annual report, highlighted Hong Kong's progress in exploring cryptocurrency licensing issues and paid attention to international experience in regulating digital assets.
Although cryptocurrency trading remains banned in mainland China, Hong Kong is emerging as a key platform for developing regulatory approaches to digital assets in Asia.
Could China be cautiously starting to shift its hardline stance?
@DeCenterOrg
Although cryptocurrency trading remains banned in mainland China, Hong Kong is emerging as a key platform for developing regulatory approaches to digital assets in Asia.
Could China be cautiously starting to shift its hardline stance?
@DeCenterOrg
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This sharp growth typically indicates heightened buying activity in the market.
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🇺🇸 The President of the Federal Reserve Bank of San Francisco stated that cryptocurrencies should be considered a separate asset class:
🔴 Bitcoin and other crypto assets currently do not meet the requirements to be classified as currencies. They are not competitors to the dollar but rather to gold.
🔴 The dollar remains stable due to the economic environment, while BTC's price is driven by demand.
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🇨🇭 Switzerland is planning to create a Bitcoin reserve — a petition is underway to urge the Central Bank to start purchasing BTC and include the asset in the country’s Constitution.
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🇺🇸 The U.S. Internal Revenue Service (IRS) has temporarily eased crypto tax calculation rules.
Digital asset holders on centralized exchanges (CeFi) are no longer required to use the FIFO (First In, First Out) method for tax reporting if they haven’t selected a preferred method, such as HIFO (Highest In, First Out) or Spec ID.
FIFO increases tax liabilities by assuming the sale of the earliest purchased assets. This decision helps prevent potential challenges for taxpayers, especially during a bull market.
@DeCenterOrg
Digital asset holders on centralized exchanges (CeFi) are no longer required to use the FIFO (First In, First Out) method for tax reporting if they haven’t selected a preferred method, such as HIFO (Highest In, First Out) or Spec ID.
FIFO increases tax liabilities by assuming the sale of the earliest purchased assets. This decision helps prevent potential challenges for taxpayers, especially during a bull market.
@DeCenterOrg
🇸🇾 Syria is considering the creation of a digital Syrian pound on blockchain, the legalization of BTC trading and mining, and allowing businesses to use energy resources for crypto operations.
These measures aim to revive the economy, stabilize the national currency, and attract foreign investments.
@DeCenterOrg
These measures aim to revive the economy, stabilize the national currency, and attract foreign investments.
@DeCenterOrg
🇨🇳 China is tightening control over cryptocurrencies: banks are required to monitor and flag all transactions involving digital assets.
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🇹🇷 Garanti BBVA, one of Turkey's largest banks, will begin offering cryptocurrency trading services.
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Bitcoin, as a new and unique asset class, will grow faster than most traditional instruments, maintaining its momentum amid global economic shifts. Ultimately, according to Saylor, its value could reach an impressive $13 000 000.
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The list includes tokens that utilize AI agents, are created using AI tools, or are based on AI technologies and trends.
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Today marks the 16th anniversary of the first cryptocurrency. On January 3, 2009, the genesis block — the starting point of the Bitcoin blockchain — was created. Satoshi Nakamoto received the first 50 BTC.
In the hash of the genesis block, Satoshi embedded a message: the headline of The Times article, "Chancellor on brink of second bailout for banks." This was a reference to how governments handle crises by printing massive amounts of money, devaluing people's savings.
Later, the Creator stepped away, leaving the project in the hands of the community, which continues to develop Bitcoin to this day.
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🇺🇸 Michael Saylor met with Eric Trump to discuss the prospects for cryptocurrency development in the United States.
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🐳 MicroStrategy plans to raise up to $2 billion through a public offering of preferred stock, with the proceeds directed towards purchasing BTC.
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🇺🇸 Today, the 119th U.S. Congress, already being called the most crypto-friendly in history, officially began its work.
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