Crypto trading in Europe enjoyed some major updates this week as Revolut X added support for a set of 30 new markets. Users across the European Economic Area can now trade over 200 cryptocurrencies. At the same time, VanEck introduces its SUI ETN to 15 European countries, strengthening blockchain expansion efforts across the region, and…
November 13, 2024 at 11:20 AM GST updated: November 13, 2024 at 11:15 AM 2 mins read News Italy cuts proposed crypto tax rate from 42% to 28%, aiming to support digital asset growth. Coalition proposes crypto tax reform, seeking a balanced approach for investment appeal and revenue. New crypto policy may include education and…
In a huge statement following the US Election, the European Union (EU) has said it will purchase oil from the United States, not BRICS member Russia. Indeed, European Commission President Ursula von der Leyen said Friday that the union is considering replacing Russian liquefied natural gas (LNG) imports with those from the US. The move…
October 24, 2024 at 11:50 AM GST updated: October 24, 2024 at 11:35 AM 2 mins read News Denmark will impose a 42% tax on unrealized cryptocurrency gains starting January 2026. The new tax policy will apply to crypto gains from as far back as Bitcoin’s 2009 inception. Crypto exchanges must report transactions as Denmark…
Western leaders from Europe are facing jitters as the BRICS 2024 summit is held in the Kazan region of Russia. Talks of isolating Russia through sanctions have failed as representatives from over 40 countries are participating in the outreach. Policies about de-dollarization, ending reliance on the Euro and Pound, and pushing local currencies for trade…
VanEck has introduced staking for its Solana Exchange Traded Note (ETN) in Europe, which currently has assets under management (AUM) totaling $73 million. The Solana ETN, which trades under the ticker VSOL, will now enable investors to benefit from staking rewards that will be accrued and reinvested daily. A Non-Custodial Staking Model The announcement was…
In a post on X on Oct. 20, adviser to the Senior Management of the Market Infrastructure and payments business area of the ECB, Jürgen Schaaf, labeled Bitcoin “a speculative bubble that will eventually burst.” He claimed that this would leave behind “substantial social damage amid its high energy use and facilitating illicit payments.” The…
Italy plans to raise its capital gains tax on bitcoin to 42%, up from 26%, as part of efforts to fund election promises and curb the fiscal deficit. The government cites growing bitcoin adoption as a key factor. This comes as the European Union prepares to implement its Markets in Crypto-Assets Regulation (MiCA), aiming to…
BRICS is undermining the hegemony of Washington and Brussels as nations increasingly seek equal dialogue and cooperation that prioritize their own interests, according to Russia’s State Duma speaker. He stressed that countries are moving away from serving the U.S. and its allies, instead choosing partnerships that respect sovereignty and offer mutually beneficial cooperation, signaling a…
Serbia’s Deputy Prime Minister Aleksandar Vulin has championed BRICS as a compelling alternative to the European Union, emphasizing the economic bloc’s appeal for Serbia. He highlighted how BRICS does not impose political conditions like the EU, stressing cooperation based on respect and neutrality. Vulin’s comments signal a possible shift in Serbia’s global alliances, particularly as…
Robinhood Markets’ crypto subsidiary is expanding its cryptocurrency offerings in the EU by enabling customers the ability to deposit and withdraw more than 20 different digital assets including Bitcoin (BTC), Ethereum (ETH), Solana (SOL), USD Coin (USDC). Robinhood debuted its crypto trading service in the EU in December of last year. While users could buy…
September 7, 2024 at 04:55 AM GST updated: September 7, 2024 at 12:50 AM 2 mins read News EU settles with X: Halts AI data use, ensures EEA privacy compliance. X agrees to delete EU user data from May 7 to Aug 1 after DPC legal action. DPC to consult EDPB on AI data use,…
Turkey has reportedly formally requested to join the BRICS economic bloc to expand its global influence and establish new alliances beyond its traditional Western partners. Turkish President Recep Tayyip Erdogan’s administration views the shifting geopolitical landscape as an opportunity to strengthen ties with both Eastern and Western nations while remaining committed to NATO. Erdogan emphasized…