Global #Cryptocurrencies

Cryptocurrencies inspired by internet memes and online communities are achieving billion-dollar valuations at unprecedented speeds, outpacing traditional corporate America.

Italy has stirred the crypto community with its recent announcement to significantly raise the capital gains tax on Bitcoin and other cryptocurrencies.

The Central Bank of the United Arab Emirates (CBUAE) has recently granted in-principle approval for the issuance of a stablecoin pegged to the UAE dirham (AED).

South Korea, once a bastion of crypto regulation, is showing signs of softening its stance on spot crypto ETFs. The recent formation of a new crypto committee within the Financial Services Commission (FSC) has sparked renewed discussions about lifting the existing ban on these financial products.

A recent report by Chainalysis has revealed a surge in cryptocurrency adoption in Argentina, driven primarily by the country's ongoing economic challenges.

In a notable shift in monetary policy, global central banks—excluding the Bank of Japan—are easing their approaches to increase liquidity in financial systems.