Legal

Pump Fun updates terms to block UK users days after FCA warning

Pump.Fun has restricted access to users in the UK days after receiving a regulatory warning from the country’s financial watchdog. The decision comes after a Dec. 3 warning from the UK’s Financial Conduct Authority (FCA), which flagged the Solana-based memecoin launchpad for potentially offering financial products without authorization. In compliance with UK regulations, Pump.Fun updated its terms of service on Dec. 6 to exclude British users....

Ethereum climbs 28% against Bitcoin since November as it hits $4,000

Ethereum has recovered most of its losses against Bitcoin since November, gaining 28% to 0.04 BTC from a low of 0.0322 on Nov. 21. Ethereum also broke $4,000 for the first time since February, currently sitting at $4,009, as of press time. Trading data showed marginal shifts day-over-day, with the rate moving from 0.03805 BTC on Dec. 4 to 0.0388 BTC on Dec. 5, marking...
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Long term Bitcoin HODLers in Czech Republic to pay zero capital gains tax from January

The Czech Republic approved an amendment granting exemptions for income from cryptoasset transfers. The move, passed on Dec. 6 and set to take effect...

South Korean watchdog squashes rumors of corporate crypto roadmap

South Korea’s Financial Services Commission (FSC) denied reports claiming the government has finalized a roadmap for issuing real-name crypto accounts to corporations, including public...

Circle balances compliance in Canada with operational efficiency through staff layoffs

Circle has become the first stablecoin issuer to meet Canada’s new listing requirements for its USD Coin (USDC), marking a significant milestone amid ongoing...

Congressman French Hill vows to probe banking exclusion of crypto businesses

Rep. French Hill announced plans to intensify scrutiny of alleged efforts by regulators to cut off crypto businesses from banking services, citing concerns raised...

Putin says Bitcoin is inevitable, endorses BTC over US dollar as global reserve currency

Russian President Vladimir Putin said Bitcoin (BTC) and digital currencies are unstoppable, positioning them as key tools for reducing financial inefficiencies and enhancing economic...

Trump confirms nomination of Paul Atkins as the new SEC chair

President-elect Donald Trump confirmed Paul Atkins’ nomination as the next US Securities and Exchange Commission (SEC) chairman in a Dec. 4 Trust Social post.  Trump...

Australia’s ASIC explores stablecoins, wrapped tokens in new crypto framework

The Australian Securities and Investments Commission (ASIC) is inviting public feedback on proposed changes to its crypto regulation framework, as outlined in a Dec....

Missouri Senate introduces bill to disqualify CBDCs as legal tender

The Missouri Senate introduced SB 194 on Dec. 1, proposing to ban central bank digital currencies (CBDCs) as legal tender within the state. The...

Grayscale files application to convert Solana trust into spot ETF

Grayscale Investments has taken another step to expand its footprint in the digital asset market, filing with the US Securities and Exchange Commission (SEC)...

Trump wants Paul Atkins to lead SEC but he is reluctant to clean Gensler’s ‘mess’

President-elect Donald Trump’s rumored frontrunner for the SEC chair position, Paul Atkins, is reportedly reluctant to take on the role due to the daunting challenge...

South Korean politicians agree to implement 2-year moratorium on crypto taxation

South Korea’s Democratic Party agreed to delay the implementation of crypto taxation laws, signaling a temporary truce in the heated debate over digital asset...

Former Diem co-founder says Meta’s stablecoin project was a ‘political kill’

Meta’s former stablecoin project, Diem, which initially launched as Libra in 2019, ended after facing significant political and regulatory obstacles in the US, according...