Category News BTS

Binance Acquires Licensed Broker-Dealer in Brazil

Binance, recognized as the world’s largest cryptocurrency exchange by volume, announced on January 2, 2025, its approval from the Central Bank of Brazil to acquire Sim;paul, a licensed broker-dealer operating in Latin America. This allows Binance to operate as a…

Indonesia Rushes to Meet Crypto Oversight Transfer Deadline

Indonesia is yet to finalize the transfer of crypto regulation, supervision and oversight from the Commodity Futures Trading Agency (Bappebti) to the Financial Services Authority (OJK). Since 2018, Bappebti has overseen crypto assets. However, the transition, set to be completed…

IRS Postpones New Crypto Tax Reporting Rules

The US Internal Revenue Service (IRS) issued temporary transition relief on Wednesday, postponing new crypto tax reporting requirements. The delay until the start of 2026, would give time for brokers to adapt to the new regulations, which would determine the…