Author: NBTC
Key Takeaways Finland will adopt the OECD’s Crypto-Asset Reporting Framework (CARF) in 2026 to enhance tax transparency for digital assets. Crypto exchanges and platforms in Finland will be required to collect and report users’ crypto transaction data to Finnish tax authorities. Finland is targeting 2026 to start implementing new domestic crypto-asset reporting obligations, joining global efforts to standardize tax transparency for digital assets, Bloomberg Tax reported Friday. The Nordic EU member state is adopting the OECD’s Crypto-Asset Reporting Framework (CARF), an initiative designed to enable automatic exchange of crypto transaction data between tax authorities. The CARF implementation will require crypto…
A Columbia University study has found that a significant portion Polymarket’s trading activity was inflated by artificial wash trading, though the platform itself was not directly responsible. Summary Researchers said wash trades made up about 25% of all transactions on Polymarket over the past three years. The study found the highest manipulation in sports markets, while crypto-related markets saw minimal impact. The findings come as Polymarket hits record highs in traders and volume following the announcement of the upcoming launch of POLY token and U.S. re-entry plans. A new study by Columbia University researchers has revealed that Polymarket’s trading activity…
Banxa, a global infrastructure provider for embedded cryptocurrency, has announced its integration with the Polkadot ecosystem. The collaboration introduces regulated fiat-to-crypto on and off-ramps, compliance infrastructure, and stablecoin liquidity to Web3 developers and users. This integration aims to improve the accessibility of decentralized applications by bridging the gap between traditional finance (TradFi) and blockchain systems. We’re joining forces! 🤝@BanxaOfficial partners with @Polkadot — unlocking seamless and compliant access to crypto.✅ Native liquidity✅ Local on/off ramps✅ Full regulatory complianceTogether, we’re shaping the future of cross-chain finance.👉 Read more:… pic.twitter.com/uM8LRNMA8z — Banxa (@BanxaOfficial) November 6, 2025 The collaboration allows those developers who…
Kyrgyzstan is moving ahead with its national cryptocurrency strategy, launching a stablecoin and preparing for a public sector rollout of a central bank digital currency (CBDC),according to Binance co-founder and former CEO Changpeng Zhao (CZ). The new stablecoin, believed to be KGST, is pegged 1:1 to the national currency, Kyrgyzstan’s Som, and is registered in the State Register of Digital Assets. It differs from USDKG, a dollar-backed stablecoin backed by $500 million in gold reserves from the Kyrgyz Ministry of Finance planned to launch in Q3. At the same time, the country’s CBDC, the digital som, is now legally recognized…
Spanish authorities have arrested the alleged ringleader of a crypto pyramid scheme that conned more than 3,000 victims out of €260 million ($300 million) with the promise of 20% annual returns. Álvaro Romillo Castillo, who goes by the pseudonym “Cryptospain,” was arrested on Thursday and denied bail due to him being considered a flight risk ahead of a scheduled court appearance on Friday. Castillo allegedly led the Madeira Invest Club, a so-called “private investment club” that offered investors opportunities in real estate, expensive whiskey, high-end vehicles, yachts, gold, and crypto while dangling the carrot of guaranteed returns. The alleged crypto…
Hana, a crypto mobile application designed for daily transactions, has announced a partnership with MoneyGram to enable stablecoin-to-cash withdrawals across Southeast Asia. The partnership links the wallet of Hana with MoneyGram Ramps, which enables users to exchange USD Coin (USDC) on the Stellar blockchain to local fiat currency. This service is available at local MoneyGram outlets without having to use the full banking infrastructure. Money just got faster: @USDC on @StellarOrg is now instant cash in Southeast Asia via @hanawallet x @MoneyGram. No banks, no stress. https://t.co/c7rR9u5y8h — Build on Stellar (@BuildOnStellar) November 6, 2025 Through the integration, fully backed…
Layer 2 solutions have changed the pace of crypto transactions, cutting both time and costs across major networks. Without them, blockchain adoption would still be crawling under the weight of slow confirmations and high fees. This list looks at seven Layer 2 coins that are shaping 2024’s ecosystem. Top 5 Layer 2 Crypto Coins: What Layer 2 Really Does Layer 2, often called an off-chain scaling network, builds on top of an existing Layer 1 blockchain like Ethereum. Its purpose is to fix two big problems: speed and scalability. By moving transactions off the main chain and later settling them…
Federal Reserve Governor Christopher Waller floated the idea of the central bank creating a “skinny master account” for crypto firms which would grant them access to the Fed’s payment rails while keeping them away from a full Fed master account. You’re reading State of Crypto, a CoinDesk newsletter looking at the intersection of cryptocurrency and government. Click here to sign up for future editions. The narrative Federal Reserve Governor Christopher Waller suggested this week that crypto companies could use a limited version of the Fed’s master account system, which would let these firms access U.S. payment rails while limiting their…
The shutdown of the US government entered its 38th day on Friday, with the Senate set to vote on a funding bill that could temporarily restore operations. According to the US Senate’s calendar of business on Friday, the chamber will consider a House of Representatives continuing resolution to fund the government. It’s unclear whether the bill will cross the 60-vote threshold needed to pass in the Senate after numerous failed attempts in the previous weeks. Amid the shutdown, Republican and Democratic lawmakers have reportedly continued discussions on the digital asset market structure bill. The legislation, passed as the CLARITY Act…
LeverUp, a new LP-free decentralized perpetuals exchange, has launched on Monad, offering zero-fee trading, uncapped market depth, and leverage up to 1001x. Summary Traders pay no net fees as all protocol fees are redistributed back to participants. Uncapped market depth lets users open positions of any size by trading directly with the protocol, independent of LPs or TVL. Native stablecoin LVUSD provides a stable, efficient settlement layer, while all positions and trades are fully verifiable on-chain. A new decentralized perps exchange is live on Monad LeverUp, a new decentralized perps exchange, has officially launched on the high-performance layer-1 blockchain Monad.…