TLDR Sol Strategies invests CAD 25 million in Solana through a revolving credit facility at 5% interest The company has used $4 million so far and plans to distribute the remaining funds by 2027 Sol Strategies currently holds 1.5 million…
Key Street Shops FTX creditor refunds will begin within 60 days of January 3, 2025. BitGo and Kraken were appointed as distribution managers, requiring creditors to use the FTX Customer Portal for Debtors for KYC and tax submissions. After a…
Key takeaways Sberbank, TBank and Tochka Bank are now part of the digital ruble pilot program. By July 2025, major Russian banks must support digital ruble functions or face fines from the CBR. Sberbank, Russia’s largest lender, has joined the…
For the first time, we are seeing a single US state (in this case New Jersey) pursue NFT-specific regulation in what is sure to be a tumultuous situation. A state billtitled the ‘Digital Assets and Blockchain Technology Act,’ has already…
TLDR HashKey Group obtained VASP registration in Ireland through a European subsidiary Registration allows crypto-fiat exchange, wallet services and transfers Compliant with EU Fifth Anti-Money Laundering Directive (AMLD5) HashKey already has licenses in Hong Kong, Singapore, Japan and Bermuda Registration…
Key Street Shops The IRS has delayed crypto tax reporting requirements until January 1, 2026. The delay helps brokers prepare for a new cost basis determination system for crypto assets. The Internal Revenue Service has delayed new crypto tax reporting…
Key takeaways The Bitcoin Freedom Act allows Oklahoma businesses to accept Bitcoin and employees to be paid in Bitcoin. The legislation is expected to enter into force on 1 November 2025 and contains provisions on tax consequences and payment agreements.…
The Russian government reportedly blacklisted OKX’s IP address on Wednesday for possible illegal activity related to the violation of Article 15.3 of Russia’s information law, reports said. According to Ross ComnadzorRussia’s internet censorship regulator, the Seychelles-registered cryptocurrency exchange disclosed information…
TLDR Portuguese bank Investimentos Globais (BiG) has stopped all fiat transfers to cryptocurrency platforms, while other major Portuguese banks continue to allow such transfers The bank, which manages about €7 billion in assets, implemented this restriction amid increased oversight of…
President-elect Donald Trump has appointed Bo Hines, the former college football player and House GOP nominee, as Executive Director of the President’s Council of Digital Asset Advisors, or Crypto Council. Hines will work closely with Trump’s new AI and crypto…
