Significant events in the DeFi and crypto space continue to shape its future. This week's developments include new projects, legislative changes, and partnerships in AI that influence digital assets.
World Liberty Financial’s Plans for Strategic Reserve
The DeFi project World Liberty Financial plans to establish a 'strategic reserve' of acquired digital assets. This move is backed by Donald Trump, aligning with his past initiatives for a national crypto reserve.
India's Measures Against Undeclared Crypto Gains
Starting from February 1, 2025, India implements a 70% penalty on undeclared cryptocurrency profits as part of its 2025 Union Budget, which includes amendments to the taxation framework for digital assets.
FDIC's Changes in Crypto Regulations for Banks
The FDIC is revising its guidelines to allow US banks to engage with crypto businesses without prior approval. This change comes amid criticism of previous regulatory approaches.
These events highlight the dynamic development of the DeFi and crypto space. The new initiatives and legislative changes will significantly impact the sector's future directions.
