Japan's Largest Banks Plan Joint Stablecoin Launch by March 2027
In brief Japan’s MUFG Bank, Mizuho Bank, and SMBC have established a council to develop operational frameworks for stablecoin issuance. The banks plan to launch...
Tag : Plan
Zcash price jumps as Ironwood plan targets counterfeit token concerns
Zcash price has recovered roughly 50% from last week’s lows after a proposal for a new network upgrade sought to address concerns raised by a...
House Committee unveils crypto tax plan that could reshape DeFi
The U.S. House Ways and Means Committee has released seven crypto tax discussion drafts that would introduce new rules for decentralized finance lending, stablecoin payments,...
Israel crypto tax plan misses target as reporting gap widens
Israeli tax authorities have received far fewer crypto tax corrections than expected under a voluntary disclosure program that offers criminal immunity to eligible taxpayers. Summary...
Bernie Sanders, Elizabeth Warren Urge Labor Department to Drop Bitcoin, Crypto 401K Plan
In brief Bernie Sanders and Elizabeth Warren urged the Labor Department to drop a proposal to make it easier to offer crypto and other alternative...
Texas Bitcoin reserve plan advances as federal push faces delays
Texas has moved closer to holding Bitcoin directly after naming a new advisory committee to guide the state’s Strategic Bitcoin Reserve. Summary Texas has named...
SEC postpones plan allowing 'innovation exemption' for tokenized stocks: Report
The US Securities and Exchange Commission has reportedly postponed its plan to allow trading of tokenized stocks after stock exchange officials raised concerns over how...
German lawmakers block Green plan to end Bitcoin tax break
Germany’s Finance Committee has rejected a proposal from the Green Party to scrap the country’s tax exemption for cryptocurrencies held longer than one year. Summary...
Bitcoin liquidations hit $320M after SEC stock plan delay
Bitcoin liquidations surpassed $320 million in longs on May 22 after the SEC unexpectedly delayed its tokenized stock plan. Summary Crypto markets saw $320 million...
Bitcoin reserve plan gets 20-year lock in new ARMA bill
U.S. lawmakers have introduced ARMA, a new bill that seeks to create a Treasury-run Strategic Bitcoin Reserve with a 20-year holding rule. Summary ARMA would...