JPMorgan Chase is stepping deeper into the world of cryptocurrency. The U.S. banking giant has partnered with Coinbase, one of the largest crypto exchanges, to offer new digital asset services to its customers. Starting this fall, Chase credit card holders will be able to buy cryptocurrencies directly through Coinbase. This marks a major step in bringing crypto closer to everyday banking. The partnership will go further in 2026, with a new feature added to the Chase Ultimate Rewards program. For the first time, customers will be allowed to redeem their reward points for USDC, a stablecoin backed by the U.S.…
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In a transformative step toward government transparency and digital innovation, the Philippines Government is set to record their spending on a Polygon blockchain powered platform that allows the public to access and verify select national budget documents in real-time. The Philippine’s Department of Budget and Management (DBM) has officially announced the move at Boncodin Hall in the DBM Central Office, representing a historic first in the use of blockchain technology to publish and secure public financial records. Accessible via blockchain.dbm.gov.ph, the new system enables anyone to view tamper-proof versions of two critical budget documents: the Special Allotment Release Orders (SAROs)…
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The US President Donald Trump’s Working Group on Digital Assets published its highly anticipated report on Wednesday, detailing policy recommendations for regulating cryptocurrencies in the United States. The report focuses on key areas: defining crypto market structures, clarifying jurisdictional oversight, updating banking regulations, promoting US dollar dominance via stablecoins, and creating tailored tax policies for digital assets. Through the report, Trump’s administration has attempted to create a “taxonomy” of digital assets. It classifies all the characteristics of commodities and securities. This distinction aims to provide regulatory clarity and position the US as a global leader in digital asset innovation. Rule…
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Indonesia is changing the way it taxes cryptocurrency, and starting August 1, the new rules will bring higher tax rates, especially for people trading on foreign platforms. According to a new regulation from the finance ministry, local crypto transactions will now be taxed at 0.21%, up from the previous 0.1%. But if the trade happens through an overseas exchange, the tax jumps to 1%, up from 0.2%. This move is part of the government’s effort to tighten control over the fast-growing crypto market. On the other hand, the buyers won’t have to pay value added tax (VAT) anymore. Before, buyers…
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Five Democratic U.S. senators are questioning the head of the country’s housing finance agency over a new plan to factor in crypto when approving certain mortgage loans. Led by Senator Jeff Merkley, the group sent a letter on Friday to Federal Housing Finance Agency (FHFA) Director William Pulte, asking him to clarify how he plans to “fully assess the potential risks and benefits” of the move and its possible impact on the U.S. housing market and broader financial system. The letter was also signed by Senators Elizabeth Warren, Chris Van Hollen, Mazie Hirono, and Bernie Sanders. They requested a formal…
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France has been in the forefront of regulating crypto, irrespective of the fact that the country is yet to adopt crypto. In this landscape, signaling growing convergence between traditional finance and the crypto sector, French Societe Generale, a banking giant has partnered with 21Shares, one of Europe’s leading crypto asset managers, to serve as a market maker for a suite of Bitcoin and Ethereum exchange-traded products (ETPs). Under this partnership announced, Societe Generale will provide liquidity for four of 21Shares’ flagship ETPs, ABTC, CBTC (Bitcoin), and AETH, CETH Ethereum throughout Germany and Eastern Europe. This arrangement also aims to enhance…
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According to sources, the White House is set to unveil a much anticipated report on digital assets on July 30, 2025. This report marks the culmination of a 180 day review by the Presidential Working Group on Digital Asset Markets established by President Donald Trump just days after his second-term inauguration. The report will outline sweeping recommendations that could reshape America’s role in the global cryptocurrency landscape. Bo Hines, Executive Director of the Working Group and a key architect of the administration’s crypto strategy, is convinced that “America is now leading the way on digital asset policy.” According to Hines,…
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In a move to combat cybercrime, the UK government has announced a ban on ransomware payments by all public sector organizations and operators of critical national infrastructure, known as the UK ransomware payment ban. Security Minister Dan Jarvis says the initiative will “smash the cyber criminal business model.” Source: Dan Jarvis The proposed ransomware payments ban, following a months-long public consultation, extends existing restrictions that already prohibit central government departments from paying ransoms. Only, it will now extend to a range of public bodies, including the National Health Service (NHS), local councils, and infrastructure sectors such as energy and transport.…
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Tornado Cash mixer co-creator Roman Storm could face a 45-year sentence on charges of conspiracy to commit money laundering. Storm’s defense team brought up the possibility of a mistrial to Manhattan federal judge Katherine Polk Failla on Monday. This move came as they challenged the testimony given by government witness Hanfeng Lin on Tuesday, according to Inner City Press. If proven and agreed upon, this could truly change his case. This could also result in proving his trial to be invalid as a result of judicial error. If not dismissed his case could be handed over to a different judge. …
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Three key crypto bills are revived in the House after a narrow vote, signaling renewed debate over stablecoins, market rules, and a U.S. CBDC. Three Republican-backed cryptocurrency bills, previously failed in the U.S. House of Representatives, have been revived following a narrow procedural vote that could soon bring them to the floor for further consideration. House lawmakers passed a resolution 215-211 via a vote to reconsider legislation aimed at reshaping the United States’ approach to digital assets. A bill to regulate payment stablecoins, another to define a federal crypto market structure, and a third seeking to restrict the development of…