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President Kassym-Jomart Tokayev announced plans to build “CryptoCity,” aiming to establish a regulatory sandbox for digital assets. Kazakhstan plans to launch “CryptoCity,” a pilot zone where cryptocurrencies can be used to pay for goods and services, the country’s President Kassym-Jomart Tokayev, said. according to a May 29 announcement on the official website of President ….
The move represents a significant shift from the Pakistani government’s earlier position that cryptocurrencies would never be legalized. Bilal Bin Saqib, head of Pakistan’s crypto council, announced on May 28 that the country is moving to establish a strategic Bitcoin reserve. Speaking at the Bitcoin 2025 conference in Las Vegas, Nevada, Saqib said the government…
The governor posted to his official X account on May 22, roughly a day after the legislature passed a bill to create a strategic Bitcoin reserve in Texas. Texas Governor Greg Abbott has signaled support for a bill recently passed by the state House of Representatives that would establish a strategic cryptocurrency reserve. In a…
Donald Trump is preparing to host up to 220 people at his golf club who contributed to his bottom line through memecoin purchases. California Representative Maxine Waters, ranking member of the US House Financial Services Committee, has announced plans to introduce legislation “to block [Donald] Trump’s memecoin and stop his crypto corruption.” In a May…
India’s Supreme Court questioned the government’s failure to regulate cryptocurrencies despite taxing them, warning that Bitcoin and similar assets pose economic risks. India’s Supreme Court has questioned the government’s lack of regulatory clarity on cryptocurrencies despite imposing taxes on digital assets like Bitcoin. According to Indian legal news outlet LawChakra, the country’s Supreme Court expressed…
The US Senate voted 66-32 in a procedural vote to move forward the stablecoin-regulating GENIUS Act, which will head to a debate on the Senate floor. The US Senate has voted to advance a key stablecoin-regulating bill after Democrat Senators blocked an attempt to move the bill forward earlier in May over concerns about President…
An email notification system used by U.S. federal and state government departments to alert residents to important information, has been used to send scam emails, TechCrunch has learned. The U.S. state of Indiana said Tuesday that it is “aware of fraudulent messages purportedly sent by state agencies” to residents about unpaid tolls. TechCrunch has seen…
Jason Titman, CEO of Swyftx, told Cointelegraph that Andrew Charlton has a deep understanding of blockchain, coupled with a genuine belief in its potential to support the Australian economy. Australia’s crypto industry has expressed positivity after the recently reelected government named pro-crypto politician Andrew Charlton as assistant minister for the digital economy, artificial intelligence and…
Dubai said the partnership will go a long way to achieve its goal of getting 90% of financial transactions fueled by cashless technology by 2026. The government of Dubai has signed an agreement with crypto exchange Crypto.com to launch crypto payments for government services. The agreement, formalized during the Dubai fintech Summit on May 12,…
With increasing government oversight, some crypto users may be forced to look for censorship-resistant stablecoins in the future. Censorship-resistant “dark stablecoins” could come in increasing demand as governments tighten their oversight of the industry. Stablecoins have been used for various groups to store assets due to a lack of government interference; however, with regulations pending,…