Author: NBTC

India is set to enforce sweeping oversight of offshore crypto assets, adopting a global framework that enables automatic data sharing, tighter compliance, and greater regulatory transparency. India Adopts Global Framework to Expose Hidden Offshore Crypto Assets Global tax surveillance of digital assets is tightening, with India preparing to expand oversight of offshore cryptocurrency holdings. A senior finance ministry official reportedly confirmed that the country will implement the Organisation for Economic Co-operation and Development (OECD) Crypto-Asset Reporting Framework (CARF) starting April 1, 2027. Crypto tax software provider Koinx described the framework as a major shift, stating on social media platform X…

Following Binance and many leading cryptocurrency exchanges, the expected news came from Coinbase. According to the statement, Coinbase, the largest cryptocurrency exchange in the United States, will list the altcoin World Liberty Financial (WLFI), which is backed by US President Donald Trump. “Coinbase will be adding support for World Liberty Financial (WLFI) on the Ethereum network (ERC-20 token). Do not send this asset over other networks or your funds may be lost. Transfers for this asset can be made via Coinbase and Coinbase Exchange in regions where trading is supported. If liquidity conditions are met, trading will begin later today.…

The initiative, focused on incorporating President Milei’s policies into Argentina’s regulatory framework, establishes that state budgets cannot rely on money issuance to finance expenditures and proposes penalties for officials who breach these rules. President Milei Vows to Stop Money Issuance With New Bill Argentina is evolving to include a new, restrictive budgetary framework aimed at preserving the country’s fragile economic balance. President Javier Milei introduced the ‘Draft Law on National Commitment to Fiscal and Monetary Stability’ to Congress last week, seeking to enshrine his administration’s zero-issuance policies as law for future governments to follow. According to presidential spokesperson Manuel Adorni,…

Analytics account XRPwallets, which tracks XRP transactions and then shares the details on the X social media platform, has spotted a significant decline in the XRP stash held by the largest U.S.-based crypto exchange Coinbase. The stash has shrunk by more than half a billion coins. XRPwallets revealed a top player whose participation may explain this drastic XRP holdings’ decline. Coinbase slashes its XRP stash The aforementioned data source published the list of top crypto exchanges and their XRP holdings earlier today. This list contained such platforms as Binance, Upbit, Crypto.com and Coinbase. This was an adjusted list compared to…

Japan’s government is considering incorporating cryptocurrencies into the Financial Instruments and Exchange Act (FIEA), a move away from their current classification under the Payment Services Act. The move seeks to strengthen investor protection and align crypto oversight with securities regulation, though the advisory council remains concerned about the potential risks of extending this framework too broadly. Japan Considers Major Shift in Crypto Regulation The Financial Services Agency (FSA) presented a proposal during a Financial System Council working group on September 2 to regulate cryptocurrencies under the Financial Instruments and Exchange Act (FIEA). Currently, crypto assets are governed by the Payment…

eToro has added USD Coin, a fiat-backed stablecoin. USDC is created by Circle and Coinbase through the Centre Consortium. Each token is designed to maintain a 1:1 peg with the U.S. dollar, with reserves held by the issuer. This addition follows eToro’s Nasdaq listing and its other initiatives in the crypto space. USDC operates across multiple blockchains, including Ethereum. It allows fast and low-cost transfers without the limitations of banking hours or international fees. eToro users can now buy and sell USDC on the platform. They can also convert USDC to fiat and, where available, withdraw it to the eToro…

After funding hundreds of projects with millions of dollars, the Ethereum Foundation is temporarily pausing the Ecosystem Support Program’s (ESP) open grant application process to refocus on a more proactive funding model that is better aligned with the ecosystem’s strategic needs. The transition comes as the foundation faces challenges reviewing the high volume of inbound applications, which it said has left “limited capacity to pursue new strategic opportunities.” In a Friday blog post, the Ethereum Foundation stressed that the ESP will continue funding new projects, but under a refined approach to grantmaking. More details are expected in the fourth quarter,…

Fed Chairman Jerome Powell will be releasing important consumer price index (CPI) reports on September 11. Financial markets eagerly anticipate such reports, to get a glimpse into inflationary trends within the economy. The remarks of Powell, particularly in the recent economic climate, should have a market impact and affect trading appetite in a host of asset classes. CPI is an index of the average movement of prices paid by consumers on the goods and services within the time. It is considered, probably, the most significant measure of inflation and is published month by month by the U.S. Bureau of Labor…

Key Takeaways Binance launched Medá, an IFPE entity in Mexico, backed by over $53 million to expand financial technology services. Medá aims to enhance financial inclusion and provide affordable transaction solutions for Mexican pesos within the Binance ecosystem. Binance has established a new entity in Mexico, Medá, which will operate independently as an Electronic Payment Funds Institution (IFPE) and focus on advancing financial technology services across Latin America. Medá, authorized and supervised by Mexican financial authorities, will facilitate deposits and withdrawals in Mexican pesos within the Binance ecosystem, which currently serves over 285 million users around the world. Medá is…

KuCoin cryptocurrency exchange is aiming to capture 10% of the blockchain mining capacity behind the world’s largest memecoin, the Dogecoin network, through the launch of a new cloud mining platform. KuCoin exchange is launching a cloud mining platform that offers retail and institutional investors access to verifiable hashrate backed by global mining facilities with 300 megawatts (MW) to 2 gigawatts (GW) of power resources. The new platform, KuMining, will offer investors access to Bitcoin (BTC) and Dogecoin (DOGE) hashrate and merged mining for Litecoin (LTC). The platform is launching with a hashrate of approximately 10 exahashes per second (EH/s) and…