In 2025, China intensified its crypto crackdown: A June 1 ban suspended all transactions, enabling asset seizures and penalties for trading/mining/holding. coinpedia.org Jan rules mandate banks to monitor/report suspicious crypto deals, risking blacklisting. ifcreview.com Bans extend to NFTs/stablecoins, prioritizing e-CNY. coinlaw.io Mainland stays strict; HK tests innovation.
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Geopolitical conflicts can drive safe-haven demand for cryptocurrencies as investors seek decentralized assets to hedge against instability, currency devaluation, and capital controls, boosting adoption.
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US IRS treats crypto as property, taxing sales, trades, and income as capital gains (short-term up to 37%, long-term 0-20%). This deters frequent trading, encourages long-term holding to lower rates, and boosts record-keeping. Non-reporting risks audits, penalties, and interest, reducing risk appetite and compliance costs. From 2025, broker Form 1099-DA enhances oversight, curbing evasion but raising privacy fears in DeFi.
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