California Billionaire Tax Plan Faces Pushback from Crypto Industry
A proposed California wealth tax targeting billionaires has drawn criticism from crypto founders and investors, who warn it could accelerate capital flight and undermine innovation.
Cryptocurrency news, market insight, company coverage, and practical guides related to regulation.
A proposed California wealth tax targeting billionaires has drawn criticism from crypto founders and investors, who warn it could accelerate capital flight and undermine innovation.
China will allow commercial banks to pay interest on digital yuan holdings starting January 1, marking a shift in the central bank digital currency’s role within…
US-listed Bitcoin ETFs recorded $825 million in net outflows over five trading days, underscoring seasonal selling pressure and reduced institutional risk appetite.
Crypto industry mergers and acquisitions hit a record $8.6 billion in 2025, driven by large strategic deals and a more supportive regulatory backdrop.
Spain will fully implement the EU’s MiCA framework by mid-2026, alongside stricter crypto reporting rules under the DAC8 directive starting earlier that year.
The Philippines has begun blocking access to Coinbase and Gemini as regulators intensify enforcement against crypto platforms operating without local licenses.
Hong Kong regulators have finalized licensing rules for crypto trading and custody providers, aligning oversight more closely with traditional securities regulation while launching a new consultation…
Brett Harrison has raised $35 million for Architect Financial Technologies as the firm builds a regulated perpetual futures exchange focused on traditional financial assets outside the…
Crypto.com is hiring an internal market-making team for its prediction markets, saying the move is fully disclosed to regulators and designed to improve liquidity without giving…
OKX reported a sharp increase in trading activity after expanding into regulated markets in the United States and Europe. The exchange cited licensing approvals and regulatory…
BC Card has completed a pilot enabling foreign visitors to pay South Korean merchants using stablecoins converted into prepaid cards.
Ghana has passed legislation legalizing cryptocurrency trading and granting its central bank authority to license and supervise digital asset providers.
Coinbase has agreed to acquire on-chain prediction markets startup The Clearing Company as it expands beyond crypto trading into event-based financial products.
Tether-backed Northern Data has sold its Bitcoin mining unit to companies linked to senior Tether executives.
A bipartisan group of US House lawmakers is urging the IRS to reassess how crypto staking rewards are taxed, citing concerns over double taxation and market…