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David Sacks, an adviser to former President Trump on AI and cryptocurrencies, has divested over $200 million in digital assets, including bitcoin and ethereum, ahead of his new role. His firm, Craft Ventures, sold all liquid cryptocurrency holdings and exited investments in Coinbase and Robinhood, while Sacks personally faced significant tax costs. Despite these divestments, he retains interests in some illiquid digital asset firms, as part of a waiver to serve as Trump's AI and crypto adviser.
Ripple has secured a license from the Dubai Financial Services Authority (DFSA) to offer regulated cryptocurrency payment services in the Dubai International Financial Centre (DIFC), becoming the first blockchain-enabled payments provider licensed by the DFSA. This approval allows Ripple to expand its blockchain-based payment solutions to businesses across the UAE, enhancing its regional presence since establishing its Middle East headquarters in 2020. Additionally, Ripple launched its USD-denominated stablecoin, RLUSD, in December 2024, further solidifying its commitment to regulatory compliance and innovation in the digital asset space.
Ripple has obtained a license to provide crypto payment services in the UAE, marking a significant step in its expansion within the Middle Eastern market. This development underscores the growing acceptance and integration of cryptocurrency in the region's financial landscape.
Coinbase has officially registered in India and is set to launch its crypto trading platform in the country. This move marks a significant expansion for the company as it seeks to tap into the growing Indian market for digital currencies.
Coinbase has officially registered in India and is set to launch its crypto trading platform in the country. This move marks a significant expansion for the company as it seeks to tap into the growing Indian market for digital currencies.
Coinbase Global Inc. has registered with India's Financial Intelligence Unit, paving the way for its cryptocurrency trading services in the country. The exchange plans to launch a retail trading platform later this year, marking its second attempt to enter the Indian market after a previous suspension due to regulatory issues.Despite the challenges posed by India's strict tax framework, including a 30% tax on digital asset income and a 1% TDS on transactions, Coinbase aims to join other exchanges like Binance and KuCoin in navigating the regulatory landscape.
Coinbase has officially registered with the Financial Intelligence Unit (FIU) to initiate its crypto trading services. This move marks a significant step for the company as it expands its operations in the cryptocurrency market. The registration is expected to enhance compliance and regulatory oversight.
The strategic crypto reserve is set to drive significant growth within the ecosystem. This initiative aims to enhance development and sustainability, positioning the project for future success. The focus on a robust reserve underscores a commitment to long-term viability and innovation.
The strategic crypto reserve is set to drive significant growth within the ecosystem. This initiative aims to enhance development and sustainability, positioning the project for future success. The focus on a robust reserve underscores a commitment to innovation and expansion.
Singapore Exchange Ltd. (SGX) is set to launch bitcoin perpetual futures in the latter half of 2025, specifically targeting institutional clients and professional investors. Retail customers will be excluded from trading these instruments, which will have strict eligibility criteria and are pending regulatory approval from the Monetary Authority of Singapore. This initiative aims to enhance institutional access to cryptocurrency derivatives through a regulated platform.
Crypto Policies and Governance
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The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
Trump adviser divests 200 million in crypto before new appointment
United States Dollar
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Coinbase Global, Inc.
Robinhood Markets, Inc.
USA
David Sacks
Donald Trump
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05:20 16.03.2025
Ripple gains DFSA license to provide crypto payment services in Dubai
07:46 13.03.2025
Ripple obtains license to provide crypto payment services in Dubai
06:54 13.03.2025
Coinbase establishes presence in India with upcoming crypto trading platform
04:55 12.03.2025
Coinbase establishes presence in India with upcoming crypto trading platform
04:55 12.03.2025
Coinbase registers in India to launch cryptocurrency trading platform this year
04:40 12.03.2025
coinbase secures registration with financial intelligence unit for crypto trading services
15:52 11.03.2025
strategic crypto reserve to drive ecosystem expansion and growth
11:23 11.03.2025
strategic crypto reserve to drive ecosystem expansion and growth
11:23 11.03.2025
Singapore Exchange to launch bitcoin futures for institutional investors in 2025
02:45 11.03.2025
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