Ethereum Startup Launches in Abu Dhabi
@Startale_Group joins Hub71’s 18th cohort, anchoring operations in Abu Dhabi with a $63M Series A boost for blockchain and stablecoin infrastructure. #Update #Blockchain
Regulation
Crypto Income Declaration Required for Ukrainians
The Ukrainian government mandates citizens to declare cryptocurrency income, aligning it with general tax legislation, despite the lack of specific crypto laws. The regulatory framework is still evolving. #Update #Crypto
Bitcoin Faces New SEC Regulation Challenges
A U.S. federal judge blocked Arizona’s case against Kalshi, reinforcing federal preemption over state gambling laws. #Breaking #Legal @Kalshi
Bitcoin Standards Rollout Urged Amid Systemic Risks
FATF urges faster crypto compliance, scrutinizing stablecoins and offshore firms. Only 29% of jurisdictions largely compliant with virtual asset standards. #Update #Crypto
Crypto White Paper Rules Transform MiCA
MiCA mandates structured digital white papers for crypto-assets with specific identifiers, impacting compliance and liability across the EU. #Update #Regulation
Crypto Markets Surveilled by Microsoft AI
CFTC Chairman Michael Selig confirms AI tools for market surveillance amid staff cuts; insider trading fears rise over $1.2M Polymarket bets on U.S.-Iran strikes. #Breaking #Legal
CFTC Embraces AI to Offset Staffing Cuts
@CFTC Chairman Mike Selig testified that AI is aiding the agency amid staff cuts, as it prepares to regulate rapidly growing crypto markets and prediction platforms. #Update #Crypto $BTC $ETH
Bitcoin Surges as Pakistan Reopens Banks
Pakistan allows banks to serve VASPs under PVARA, with conditions on segregated accounts and AML compliance; Binance collaborates with Fauji Foundation. #Update #Crypto
Bitcoin: Virginia Enacts Crypto Transfer Law
Virginia Gov. Abigail Spanberger signed HB 798, requiring exchanges to transfer dormant crypto to the state in-kind after five years, effective July 1, 2026. #Update #Legal
ClearBank Secures MiCA Approval for Stablecoins
@ClearBank Europe has received MiCA approval to offer euro- and U.S. dollar-pegged stablecoins, connecting traditional banking with digital assets via @Circle’s Mint platform. #Update #Crypto $USDC
Crypto Clarity Bill Faces 30% Passage Chance
Ron Hammond of @Wintermute says the Clarity Act has a 30% chance of passing this year, facing hurdles from banks over stablecoin yield issues. Progress is ongoing but uncertain. #Update #Crypto $BTC
Japan Reclassifies Crypto as Financial Instruments
Japan reclassifies crypto as financial instruments to curb insider trading by 2027, with tax cuts from 55% to 20% and severe penalties for unregistered sellers. #Breaking #Legal
Cryptocurrencies Classified as Financial Products in Japan
Japan’s cabinet has approved a draft amendment to classify cryptocurrencies as financial products under the Financial Instruments and Exchange Act, potentially effective by fiscal 2027, enhancing regulation and penalties. #Update #Crypto $BTC $ETH
Bitcoin: France Mandates Self Custody Disclosure
France’s National Assembly passed a bill requiring self-hosted wallet disclosures over €5,000, despite security concerns and government opposition. #Update #Legal