The DeFi and crypto world is rapidly evolving. This overview keeps you up-to-date with the most significant developments.
World Liberty Financial Plans to Create Strategic Reserve
World Liberty Financial, backed by Donald Trump and his family, has announced plans to create a strategic reserve of tokens. According to co-founder Chase Herro, the reserve will include Bitcoin, Ethereum, and other digital assets.
India Imposes 70% Penalty on Undeclared Crypto Gains
As of February 1, 2025, India enforces a 70% penalty on undeclared cryptocurrency gains. This is part of the Union Budget's amendment, classifying cryptocurrencies as Virtual Digital Assets (VDAs).
FDIC Plans to Ease Crypto Restrictions for Banks
The FDIC plans to revise its guidelines to allow U.S. banks to engage with crypto businesses without prior approval. Acting Chairman Travis Hill mentioned that past policies discouraged such partnerships.
Ongoing regulatory changes and initiatives by major players underscore the importance of keeping track of developments in the crypto industry both nationally and internationally.
