#government

Bram Kanstein, a Bitcoiner and founder of the Bitcoin financial services provider Onramp, has urged the Dutch government to establish a national Bitcoin reserve.

The Hong Kong government is preparing to exempt private investment firms, hedge funds, and family offices from taxes on income earned through cryptocurrency transactions.

Bitcoin mining company MARA Holdings is urging U.S. policymakers to take bold steps to secure the nation’s dominance in cryptocurrency mining. The company has outlined a comprehensive government strategy for blockchain and cryptocurrency technology to achieve this goal.

This month, the UK government will present targeted regulatory proposals to create a favorable environment for crypto startups in the United Kingdom.

The Italian government, led by Giorgia Meloni, is likely to reconsider its proposed cryptocurrency tax hike in next year’s budget, potentially reducing it from 42% to 28%. Currently, the tax rate stands at 26%.

According to analytics platform Arkham, the Bhutanese government transferred $66 million in Bitcoin to Binance today as BTC prices topped $70,000. This transaction leaves the small Asian country with approximately 12,456 BTC ($889 million).

On October 25, a statue honoring Bitcoin's founder, Satoshi Nakamoto, was inaugurated in Lugano, Switzerland. The statue, crafted by Valentina Picozzi, was commissioned as part of Plan ₿—an initiative founded in partnership between Tether and the Lugano city government to foster BTC and blockchain adoption.

Speaking at a town hall in Pennsylvania, Elon Musk once more brought up the Department of Government Efficiency (DOGE), causing the meme coin to pump by over 10%.

Justin Sun Secures a Place in Liberland’s Government Justin Sun, founder of the crypto platform Tron, has won the test elections to the Congress of Liberland, a self-proclaimed microstate located between Croatia and Serbia.

After a year-long legal battle, 21-year-old Evan Frederick Light has pled guilty to stealing over $37 million in cryptocurrency. The final hearing was held on September 30 in South Dakota, with the official report published by the U.S. government on October 1.

Faryar Shirzad, chief policy officer at Coinbase, expressed optimism that the newly elected U.S. government will prioritize cryptocurrency laws immediately after Donald Trump’s inauguration in January 2025.

The Trump administration recently interviewed Paul Atkins, an expert in financial regulation and a potential candidate for the SEC chair, according to Bloomberg, citing anonymous government sources.

President-elect Donald Trump’s team is actively working on creating a new White House position dedicated to overseeing the cryptocurrency market.

President-elect Donald Trump released a statement announcing that Elon Musk and Vivek Ramaswamy will lead the Department of Government Efficiency (DOGE) to “make changes to the federal bureaucracy”.

A Chinese government official with significant cryptocurrency investments was recruited by foreign spies and sold state secrets to cover his crypto-related losses. Wang Moumou received over 1 million yuan for his activities but was ultimately sentenced to life imprisonment for espionage.

The Hong Kong government has announced expanded tax breaks for cryptocurrency investments and a simplified licensing process for crypto platforms.

Based on on-chain data from Arkham Intelligence, around $20 million was stolen from U.S. government crypto wallets. On October 24, the platform published an analysis on their X account.

The U.S. government is considering imposing limits or even a full ban on the sale of Nvidia, AMD, and other U.S.-produced AI chips to certain regions, particularly the Gulf states (United Arab Emirates, Saudi Arabia, Qatar, among others).

The U.S. government is poised to significantly increase its funds following a Supreme Court ruling that opens the door for the sale of 69,370 BTC, seized from the notorious Silk Road dark web marketplace.

In a move that feels like it’s straight out of a crypto-thriller, the UK government proposed a new legislation aimed at clarifying the legal status of digital assets such as cryptocurrencies, NFTs, and others. Known as the Property (Digital Assets etc.) Bill, this marks a significant milestone in providing legal recognition for all digital assets, classifying them as personal property.