Crypto


Policy

Italy to Raise Capital Gains Tax on Crypto to 42% From 26%: Reports

The price of bitcoin (BTC) remained unaffected by the development, rising above $68,000 for the first time since late July.

ROME, ITALY - OCTOBER 16 : Deputy Minister Maurizio Leo illustrates in a press conference the measures approved by the Government on the economic maneuver, ,on October 16  , 2024 in Rome, Italy.  Photo by Simona Granati - Corbis/Corbis via Getty Images) *** Local Caption *** Maurizio Leo

Policy

Dubai's VARA Has Struck Correct Balance in Licensing Time Frame, Says Senior Official

Senior official Sean McHugh disputed any perception of VARA being a friendlier-than-usual crypto regulator.

Skyscrapers in Dubai (Kent Tupas/Unsplash)

Policy

Bitnomial Exchange Sues U.S. SEC, Alleging Regulatory Overreach

Bitnomial's action follows a similar suit filed by Crypto.com on Tuesday.

(Tingey Injury Law Firm / Unsplash)

Finance

OKX Goes Live in UAE, Targeting TradFi Institutions, Retail Market

The exchange is the first to go live with dirham banking integration and a dirham-denominated order book, Rifad Mahasneh, general manager for the Middle East, told CoinDesk.

OKX CMO Haider Rafique, Middle East General Manager Rifad Mahasneh and President Hong Fang at a press conference in Dubai. (Amitoj Singh/CoinDesk)

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Policy

Dubai's VARA Fines, Issues Cease-and-Desist Orders Against 7 Crypto Entities

The action is rare for a region attempting to project itself as a global crypto hub.

Skyscrapers in Dubai (Kent Tupas/Unsplash)

Policy

India's Crypto Discussion Paper on Hold Due to Other Priorities

Financial authorities have had to prioritize matters such as the nation's budget during an election year, meetings with other nations and the impending World Bank annual meetings.

Shaktikanta Das, Governor, Reserve Bank of India (left) and Nirmala Sitharaman, Indian Finance Minister at the G20 Annual Meetings, in Washington DC in October 2022. (Indian Ministry of Finance)

Markets

Crypto Investors Mostly DCA Into Their Coins, Finds Kraken

Dollar-cost averaging can help remove emotion from decisions and focus on long-term outlook, a Kraken executive told CoinDesk.

(Unsplash)

Policy

UAE Exempts Crypto Transactions From Value Added Tax

The update in the law applies retrospectively from Jan. 1, 2018.

16:9 UAE dirham (Pixelline studios/Pixabay)

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Policy

CFTC Subcommittee Sends Up Recommendations for Letting Firms Use Tokenized Shares as Collateral: Bloomberg

BlackRock and Franklin Templeton could see tokenized shares of their money-market funds traded as collateral by the end of the year.

The U.S. Commodity Futures Trading Commission would be granted far-reaching authority over crypto trading and regulation in a new Senate bill. (Jesse Hamilton/CoinDesk)

Policy

Australia's Police Confiscates Crypto Worth $6.4M in Crackdown on 'Ghost' Messaging App

Operation Kraken has nothing to do with the cryptocurrency exchange Kraken, the company said.

Sydney Opera House in Australia (Stanbalik/Pixabay)