🗺 Can emerging countries become the crypto leaders of tomorrow?
🕉 Global GDP distribution is slowly changing, with a decreasing share for G7 countries - as you can see from PWC forecast - The World in 2050 and a growing share for BRICS, E7 and other emerging markets. Also most of emerging countries from PWC forecast (Indonesia, India, Vietnam, Nigeria, Philippines, Brazil, Turkiye, Mexico) are called by Chainalysis in its Global Crypto Adoption Index 2024. This is an important point in understanding which countries will be leading crypto markets in the future. We can divide large emerging economies into 3 groups according to their crypto regulations:
🇹🇷 🇧🇷🇲🇽 🇿🇦 Countries that already have high adoption of crypto and good regulation: Brazil, Mexico, South Africa and Türkiye. Moreover, these are some of the easiest jurisdictions to set up VASP activities in the world. In Brazil, VASPs don’t need any license and SA has already registered about 200 entities, giving them official approval for crypto business.
🇮🇳🇵🇭🇮🇩🇳🇬 India, Philippines and Indonesia already have crypto regulations, although they are tough for crypto business. Besides that, these are large and growing economies with high demand for virtual assets. Nigeria is migrating into this group with its adoption of new licensing procedures for crypto entities and releasing Binance executive, Tigran Gambaryan this week.
🇻🇳🇨🇳🇭🇰 Vietnam has no crypto regulations right now, but plans to regulate in 2026. China has a formal crypto ban. However, SAR Hong Kong is a world leader in cryptocurrency regulation and has launched a Bitcoin ETF second only to US offerings.
✈️ The lion's share of users of Telegram and the TON ecosystem are located in these countries. And if we look ahead a few years, the share of these countries in global GDP and in the crypto market will increase significantly - as the importance of TON ecosystem may also grow.
🕉 Global GDP distribution is slowly changing, with a decreasing share for G7 countries - as you can see from PWC forecast - The World in 2050 and a growing share for BRICS, E7 and other emerging markets. Also most of emerging countries from PWC forecast (Indonesia, India, Vietnam, Nigeria, Philippines, Brazil, Turkiye, Mexico) are called by Chainalysis in its Global Crypto Adoption Index 2024. This is an important point in understanding which countries will be leading crypto markets in the future. We can divide large emerging economies into 3 groups according to their crypto regulations:
🇹🇷 🇧🇷🇲🇽 🇿🇦 Countries that already have high adoption of crypto and good regulation: Brazil, Mexico, South Africa and Türkiye. Moreover, these are some of the easiest jurisdictions to set up VASP activities in the world. In Brazil, VASPs don’t need any license and SA has already registered about 200 entities, giving them official approval for crypto business.
🇮🇳🇵🇭🇮🇩🇳🇬 India, Philippines and Indonesia already have crypto regulations, although they are tough for crypto business. Besides that, these are large and growing economies with high demand for virtual assets. Nigeria is migrating into this group with its adoption of new licensing procedures for crypto entities and releasing Binance executive, Tigran Gambaryan this week.
🇻🇳🇨🇳🇭🇰 Vietnam has no crypto regulations right now, but plans to regulate in 2026. China has a formal crypto ban. However, SAR Hong Kong is a world leader in cryptocurrency regulation and has launched a Bitcoin ETF second only to US offerings.
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🇺🇸 Investigation against Tether
💸 The US Treasury department is investigating Tether and may impose sanctions on the company. The investigation is related to the possible use of USDT in drug trafficking and financing of terrorism.
🧐 Previously, partnership with Tether was important achievement for TON ecosystem development. However, I think that according to size of Tether's operations with US dollars, US regulators won't do much damage to the company. It's only investigation for now.
💸 The US Treasury department is investigating Tether and may impose sanctions on the company. The investigation is related to the possible use of USDT in drug trafficking and financing of terrorism.
🧐 Previously, partnership with Tether was important achievement for TON ecosystem development. However, I think that according to size of Tether's operations with US dollars, US regulators won't do much damage to the company. It's only investigation for now.
Bitcoin Sistemi
BREAKING: US Federal Authorities Investigating Tether
According to breaking information, federal investigators are investigating cryptocurrency company Tether. According to the information passed by WSJ, the
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🇦🇲 Armenia will ban cash operations with crypto
🏛 This October, the Armenian parliament is discussing the first crypto bill in its history. As part of the country's aspirations to join the European Union, legislation in the field of finance is being harmonized. Currently, crypto exchange with cash is very developed in Armenia.
💬 The Government and the Central Bank promise to end this practice, introduce VASP licensing, and monitor cryptocurrency transactions. Exchange for cash will be prohibited. However, all these changes are planned only from 2026.
🏛 This October, the Armenian parliament is discussing the first crypto bill in its history. As part of the country's aspirations to join the European Union, legislation in the field of finance is being harmonized. Currently, crypto exchange with cash is very developed in Armenia.
💬 The Government and the Central Bank promise to end this practice, introduce VASP licensing, and monitor cryptocurrency transactions. Exchange for cash will be prohibited. However, all these changes are planned only from 2026.
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Is it essential to ban crypto operations with cash?
Anonymous Poll
69%
Yes, using cash to exchange cryptocurrencies is a way for money laundering and tax avoidance.
31%
No, exchanging crypto for cash helps to attract additional investments to the country.
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➕ Record inflow in Bitcoin ETFs
📈 Last week US Bitcoin ETFs had a significant inflow of liquidity - $997.6 million, according to Farside Investors. This is the second week in a row with a positive gain. The total for those 2 weeks is more than $3.1 billion, which almost replicates the record-breaking March 2024 BTC ETF inflows when the number of investments exceeded $4 billion in 2 weeks.
🗳 Among the reasons are the easing of monetary policy by global central banks and Trump's possible victory in the U.S. presidential election on November 5. In their program, Republicans promise to soften crypto regulation in the United States and even create a strategic Bitcoin reserve.
🎲 Finally, immediately after the election, a new meeting of the Fed will be held, at which the regulator may reduce the rate by another 0.25%.
📈 Last week US Bitcoin ETFs had a significant inflow of liquidity - $997.6 million, according to Farside Investors. This is the second week in a row with a positive gain. The total for those 2 weeks is more than $3.1 billion, which almost replicates the record-breaking March 2024 BTC ETF inflows when the number of investments exceeded $4 billion in 2 weeks.
🗳 Among the reasons are the easing of monetary policy by global central banks and Trump's possible victory in the U.S. presidential election on November 5. In their program, Republicans promise to soften crypto regulation in the United States and even create a strategic Bitcoin reserve.
🎲 Finally, immediately after the election, a new meeting of the Fed will be held, at which the regulator may reduce the rate by another 0.25%.
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📊 Bitcoin repeats ATH
🔢 Today, BTC's price reached $73,500, almost repeating its ATH on March 2024 ($73,700). US Bitcoin ETFs received $870 mln of inflows this Tuesday, for a total of more than $4 bln for three weeks. This repeats March’s inflows and probably means that BTC's price can reach a new ATH this week.
🦥 However, altcoins don’t demonstrate high performance: Ethereum $2,650 and TON $5,06. Investors prioritize BTC now.
🔢 Today, BTC's price reached $73,500, almost repeating its ATH on March 2024 ($73,700). US Bitcoin ETFs received $870 mln of inflows this Tuesday, for a total of more than $4 bln for three weeks. This repeats March’s inflows and probably means that BTC's price can reach a new ATH this week.
🦥 However, altcoins don’t demonstrate high performance: Ethereum $2,650 and TON $5,06. Investors prioritize BTC now.
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🎁 New Stablecoin on TON
💸 While the crypto community celebrates Bitcoin's 16th anniversary, we have really hot news from Tether. Paolo Ardoino says that the company will launch its new AED-backed stablecoin in the UAE soon.
✈️ And it will be available on TON. Which means more opportunities for fiat on/off ramps in Telegram!
💸 While the crypto community celebrates Bitcoin's 16th anniversary, we have really hot news from Tether. Paolo Ardoino says that the company will launch its new AED-backed stablecoin in the UAE soon.
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🦅 How could Donald Trump change crypto regulation in the US?
🇺🇸 Trump's chances of winning are rated higher on Polymarket than Kamala Harris'. I tried to understand exactly how the regulation of cryptocurrencies will change after the presidential election if the Republican candidate wins. All the information is in this article.
😎 Among other things, I found hidden information on how crypto corporates influence US politicians to shape a more favorable agenda for the industry.
🇺🇸 Trump's chances of winning are rated higher on Polymarket than Kamala Harris'. I tried to understand exactly how the regulation of cryptocurrencies will change after the presidential election if the Republican candidate wins. All the information is in this article.
😎 Among other things, I found hidden information on how crypto corporates influence US politicians to shape a more favorable agenda for the industry.
Hackernoon
What Can Trump Change in US Crypto Regulation?
Trump and his teammates have promised a more liberal approach towards crypto than Democrats.
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🦅 Republican victory
🇺🇸 Donald Trump is overtaking Kamala Harris in swing states and his chances of winning are estimated at 99% on Polymarket.
🚀 Most important, Republicans are gaining a majority in the Senate and Congress.
📃 The Republican-controlled Senate and Congress are likely to pass new laws on crypto and reduce the SEC's authority, making Bitcoin a reserve asset in the US. And if the Fed also cuts rates on November 7, a bull run is very likely.
🇺🇸 Donald Trump is overtaking Kamala Harris in swing states and his chances of winning are estimated at 99% on Polymarket.
🚀 Most important, Republicans are gaining a majority in the Senate and Congress.
📃 The Republican-controlled Senate and Congress are likely to pass new laws on crypto and reduce the SEC's authority, making Bitcoin a reserve asset in the US. And if the Fed also cuts rates on November 7, a bull run is very likely.
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🇺🇸US is moving the crypto market up
💹 Bitcoin reached a new ATH of $76,500 after the Fed cut rates by 0,25%, as anticipated.
🧾 The city of Detroit will accept crypto payments for state services including taxes and legal fees, city hall officials claimed - an initiative that will be launched by mid-2025 in partnership with PayPal.
🎭 Senator Cynthia Lummis has confirmed her plans to create a US Bitcoin reserve, after Trump's and the Republicans' election win. In her X account, she called Trump “Bitcoin president” and posted her face with laser eyes.
💬 US media discuss who will be the next SEC chair after Gary Gensler's resignation. According to Cointelegraph, the most likely candidates are Robinhood’s legal chief Dan Gallagher, former commissioner Paul Atkins and Robert Stebbins. Also possible are commisioner Hester Pierce and exSEC official Christian Giancarlo.
💹 Bitcoin reached a new ATH of $76,500 after the Fed cut rates by 0,25%, as anticipated.
🧾 The city of Detroit will accept crypto payments for state services including taxes and legal fees, city hall officials claimed - an initiative that will be launched by mid-2025 in partnership with PayPal.
🎭 Senator Cynthia Lummis has confirmed her plans to create a US Bitcoin reserve, after Trump's and the Republicans' election win. In her X account, she called Trump “Bitcoin president” and posted her face with laser eyes.
💬 US media discuss who will be the next SEC chair after Gary Gensler's resignation. According to Cointelegraph, the most likely candidates are Robinhood’s legal chief Dan Gallagher, former commissioner Paul Atkins and Robert Stebbins. Also possible are commisioner Hester Pierce and exSEC official Christian Giancarlo.
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What will be the maximum bitcoin price in 2025?
Anonymous Poll
36%
More than $85,000
13%
More than $90,000
11%
More than $95,000
39%
$100,000 and more
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Tonhub Launches Visa Debit Card for Its Users
Tonhub, a non-custodial wallet for storing and using the TON cryptocurrency, continues to expand the possibilities of Web3!
Users can now apply for a Visa card directly within the app, linked to their TON or USDt balance, and make payments seamlessly via Apple Pay and Google Pay.
At Tonhub, your account isn't just a bank record but a smart contract connected to your wallet on the TON blockchain. You own your funds and manage them directly, elevating your crypto wallet to the level of a neobank.
Key Benefits of the New Card from @tonhub:
▪️ Registration in just a few minutes — quick KYC procedure.
▪️ Minimal fees — only 1.5% per transaction.
▪️ Global payments — all the advantages of a fiat debit card (including SEPA and SWIFT transfers).
The project was realized in collaboration with the Holders platform, specializing in issuing non-custodial cards.
Currently, the service is available only to users with a European ID.
By 2025, there are plans to expand card availability to users in CIS countries, Latin America, and the Middle East, as well as integrate the service with wallets like TrustWallet, TonKeeper, and MyTonWallet.
Try out Tonhub and discover the possibilities of Web3 payments.
Tonhub, a non-custodial wallet for storing and using the TON cryptocurrency, continues to expand the possibilities of Web3!
Users can now apply for a Visa card directly within the app, linked to their TON or USDt balance, and make payments seamlessly via Apple Pay and Google Pay.
At Tonhub, your account isn't just a bank record but a smart contract connected to your wallet on the TON blockchain. You own your funds and manage them directly, elevating your crypto wallet to the level of a neobank.
Key Benefits of the New Card from @tonhub:
▪️ Registration in just a few minutes — quick KYC procedure.
▪️ Minimal fees — only 1.5% per transaction.
▪️ Global payments — all the advantages of a fiat debit card (including SEPA and SWIFT transfers).
The project was realized in collaboration with the Holders platform, specializing in issuing non-custodial cards.
Currently, the service is available only to users with a European ID.
By 2025, there are plans to expand card availability to users in CIS countries, Latin America, and the Middle East, as well as integrate the service with wallets like TrustWallet, TonKeeper, and MyTonWallet.
Try out Tonhub and discover the possibilities of Web3 payments.
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🐣 Bitcoin > $84,000
🚀 The bull run continues, with Bitcoin breaking the $84,000 mark today. Over the past week, total inflows into US spot Bitcoin ETFs were $1.6 billion.
📊 BTC dominance (its market share compared to other cryptocurrencies' capitalization) remains at 58.3%. Nevertheless, some altcoins also have positive dynamics for the week:
- SOL $220 (+35%)
- DOGE $0.3113 (+98%)
- ADA $0.60 (+86%)
- SUI $3.27 (+72%)
- CRO $0.15 (+102%)
✈️ TON tokens are also rising:
- TONNEL (+81%)
- STON (+56%)
- DOGS (+39%)
- CATI (+38%)
- NOT (+26%)
🚀 The bull run continues, with Bitcoin breaking the $84,000 mark today. Over the past week, total inflows into US spot Bitcoin ETFs were $1.6 billion.
📊 BTC dominance (its market share compared to other cryptocurrencies' capitalization) remains at 58.3%. Nevertheless, some altcoins also have positive dynamics for the week:
- SOL $220 (+35%)
- DOGE $0.3113 (+98%)
- ADA $0.60 (+86%)
- SUI $3.27 (+72%)
- CRO $0.15 (+102%)
- TONNEL (+81%)
- STON (+56%)
- DOGS (+39%)
- CATI (+38%)
- NOT (+26%)
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🇬🇪 Georgia joined CRS, but still good option for crypto
💱 From September 2024, Georgia started exchanging information on financial transactions with foreign tax authorities using the CRS framework. Now information on bank accounts and financial transactions in Georgia in 2023 can be provided by requests through CRS. This includes crypto-to-fiat transactions if they were conducted in Georgia.
🧮 At the same time, Georgia has convenient tax regimes for digital nomads and cryptocurrency companies. For example, a developer can open a sole proprietorship here and pay tax at a rate of 1% (up to $170k per year). There is also a good option for corporates: an IT company may be interested in a special tax regime of a virtual zone with 0% profit tax and 5% tax on dividends. Finally, income from foreign sources is not taxed.
🏦 In addition to the fact that cryptocurrencies are legal in Georgia, both individuals and legal entities can legally perform operations with crypto through barter transactions and declare income from them to the tax authorities. Although the Central Bank of Georgia has formally banned direct crypto payments, barter transactions are still permitted. So you can get crypto rewards in Georgia and declare them as your official income.
💪 By the way, there is also a special tax regime for wealthy foreigners, who can obtain Georgian tax residency and get total tax exemption from foreign sources without living a single day on Georgian territory.
💱 From September 2024, Georgia started exchanging information on financial transactions with foreign tax authorities using the CRS framework. Now information on bank accounts and financial transactions in Georgia in 2023 can be provided by requests through CRS. This includes crypto-to-fiat transactions if they were conducted in Georgia.
🧮 At the same time, Georgia has convenient tax regimes for digital nomads and cryptocurrency companies. For example, a developer can open a sole proprietorship here and pay tax at a rate of 1% (up to $170k per year). There is also a good option for corporates: an IT company may be interested in a special tax regime of a virtual zone with 0% profit tax and 5% tax on dividends. Finally, income from foreign sources is not taxed.
🏦 In addition to the fact that cryptocurrencies are legal in Georgia, both individuals and legal entities can legally perform operations with crypto through barter transactions and declare income from them to the tax authorities. Although the Central Bank of Georgia has formally banned direct crypto payments, barter transactions are still permitted. So you can get crypto rewards in Georgia and declare them as your official income.
💪 By the way, there is also a special tax regime for wealthy foreigners, who can obtain Georgian tax residency and get total tax exemption from foreign sources without living a single day on Georgian territory.
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🛰 Bitcoin > $90,000. It looks like $100,000 will be coming very soon.
🚀 Bitcoin has finally broken the psychologically important mark of $90k. Apparently, $100,000 is already close - after all, the inflows in ETF are growing at a furious pace, only in the first 2 days of this week more than $2 billion - something like this happened only in March 2024. In general, some period of hot growth apparently awaits us further - waiting for decisions on Bitcoin reserve in the United States and rate cuts by monetary regulators.
🚩In addition, $100,000 is a very beautiful figure to overcome (and take out traders playing with the leverage along the way). Be careful.
🚀 Bitcoin has finally broken the psychologically important mark of $90k. Apparently, $100,000 is already close - after all, the inflows in ETF are growing at a furious pace, only in the first 2 days of this week more than $2 billion - something like this happened only in March 2024. In general, some period of hot growth apparently awaits us further - waiting for decisions on Bitcoin reserve in the United States and rate cuts by monetary regulators.
🚩In addition, $100,000 is a very beautiful figure to overcome (and take out traders playing with the leverage along the way). Be careful.
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🇬🇧 UK: Mission Impossible
📝 UK legislators are going to provide new regulations on stablecoins and NFTs. According to Circle sources in Parliament, adoption of new rules for stablecoins will take time - stablecoin upgrades are still not approved. However, a new version of the UK’s Property Bill will contain the terms 'cryptocurrency' and 'NFT'. These types of digital assets will be qualified as personal property.
⛔️ The UK remains a tough jurisdiction for the crypto business. For the whole of 2024, the FCA granted only 1 VASP registration, and 87% of new VASP registrations were rejected in 2023. The reason for this high rejection rate is potential AML violations.
🕳 Fortunately, cryptocurrency companies do not have to obtain an FCA VASP registration for all activities—the UK has an e-money license, which can be used for some crypto operations. In addition, businesses can enter into partnership agreements with companies that already have FCA registration as a VASP or an e-money license.
📝 UK legislators are going to provide new regulations on stablecoins and NFTs. According to Circle sources in Parliament, adoption of new rules for stablecoins will take time - stablecoin upgrades are still not approved. However, a new version of the UK’s Property Bill will contain the terms 'cryptocurrency' and 'NFT'. These types of digital assets will be qualified as personal property.
⛔️ The UK remains a tough jurisdiction for the crypto business. For the whole of 2024, the FCA granted only 1 VASP registration, and 87% of new VASP registrations were rejected in 2023. The reason for this high rejection rate is potential AML violations.
🕳 Fortunately, cryptocurrency companies do not have to obtain an FCA VASP registration for all activities—the UK has an e-money license, which can be used for some crypto operations. In addition, businesses can enter into partnership agreements with companies that already have FCA registration as a VASP or an e-money license.
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Would James Bond get FCA crypto license?
Anonymous Poll
43%
No, he was a state servant
12%
No, he leaded an immoral life.
12%
No, he could been involved in AML/CFT violations
33%
Yes, he could convince anyone (including FCA)
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