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Trump will demand that BRICS countries refrain from creating a new currency or supporting alternatives to the US dollar, threatening to impose 100% tariffs on goods 🌍
Donald Trump stated that if BRICS countries do not abandon the idea of creating a new currency, they will face 100% tariffs on goods during his presidency. According to him, the bloc of countries, including Russia, China, and Iran, is trying to weaken the dollar, but this will not be allowed. In 2023, the president of Brazil proposed creating a common currency for South America to reduce dependence on the dollar. However, due to internal disagreements within BRICS, the likelihood of creating a new currency is low.
Ripple released 1 billion XRP tokens worth $1.92 billion: 55% of the total XRP token supply will be unlocked, 37.24 billion tokens remain 🔓
Ripple released 1 billion XRP tokens worth $1.92 billion, which is the company's standard practice of unlocking such a volume of tokens on the first day of each month. According to the original XRP plan, Ripple intends to unlock 55 billion tokens, which is almost 55% of the total supply. Currently, the company holds less than 37.24 billion tokens, with the exact number of tokens in circulation to be announced later.
South Korea has postponed the introduction of the cryptocurrency tax until 2027: lawmakers agreed on the delay after three postponements since 2022 📅
South Korean lawmakers have agreed to postpone the introduction of the cryptocurrency tax until 2027. A vote on this proposal is expected to take place on Monday, December 2. The government explained the delay as a necessity for additional preparation before taxing cryptocurrency income. This is already the third delay of the tax initially proposed back in 2022. The tax was last scheduled to come into force in January 2025, but its implementation is now being postponed for two years.
The mayor of Vancouver, Ken Sim, proposed creating a bitcoin reserve to diversify resources and protect against economic instability, with the plan to be presented on December 11 📉
The mayor of Vancouver, Ken Sim, has proposed creating a bitcoin reserve to strengthen the city's finances, which will be presented on December 11. The goal is to explore whether bitcoin can diversify resources and serve as a hedge against economic instability. Vancouver aims to become one of the most bitcoin-friendly cities in North America. The city already leads in the number of bitcoin merchants and crypto-community meetups. This initiative reflects a global trend toward using bitcoin as a financial tool.
Coinbase has declined to enter the Turkish market, while Yapı ve Kredi Bankası has applied for a cryptocurrency custodian license — the CMB's list includes 77 companies, including Binance Türkiye and Bitfinex 💼
The Swiss Canton of Bern has approved the creation of a Bitcoin mining report with 85 votes in favor and 46 against, despite government doubts and questions about energy consumption ⚡
A federal court in Abuja granted bail to 109 foreign nationals accused of cybercrimes in the amount of 1 billion naira, with guarantors worth 200 million each 💰
Ripple will receive NYDFS approval to issue the stablecoin RLUSD in the US with the launch on December 4, entering into competition with Circle, Paxos, and Gemini in the stablecoin market 📅
The UK Supreme Court rejected Craig Wright's appeal, concluding his attempts to prove his involvement in Bitcoin's creation ⚖️
Tether added 1 billion USDT to its reserves after issuing 3 billion USDT on Sunday, bringing the total volume to 14 billion since November 8 📈
YouTube deleted Ripple's channel amid XRP price rising to its yearly high. The CEO of Alpha Lions Academy called it "suspicious." 🚨
More than 8,620 Solana wallets linked to a hacker attack on DEXX, losses amounted to nearly $30 million, recovery efforts are ongoing 🛡
Hackers stole 62 billion Ugandan shillings ($16.8 million) from the Central Bank of Uganda, part of the funds was transferred to Japan, more than half has been returned 💰
In Uganda, the hacking of the Central Bank accounts was confirmed, during which hackers stole 62 billion Ugandan shillings ($16.8 million). Finance Minister Henry Musasizi stated that the scale of the losses is exaggerated and added that an audit and investigation are underway. Part of the stolen funds was transferred to Japan, and more than half of the money has already been returned. The investigation also considers the possible involvement of bank employees.
Taiwan to implement new AML rules for crypto services starting November 30: mandatory registration for crypto exchanges, fines up to NT$5 million ($153,700), and imprisonment up to 2 years 🚨
Taiwan's Financial Supervisory Commission (FSC) will introduce new AML rules for crypto services starting November 30. All crypto exchanges, including foreign ones, must register in compliance with the requirements. Non-compliance could result in fines of up to NT$5 million ($153,700) and imprisonment. The new rules include enhanced control over fiat currency storage, data security, and prevention of unfair trading. Penalties were also imposed on crypto exchanges MaiCoin and BitoPro for violating AML regulations.
Hong Kong issued tokenized green bonds worth $100 million under the Green Program on February 16, 2023, and also started subsidizing tokenized bond issuance 💰
On February 16, 2023, Hong Kong issued tokenized green bonds worth $100 million. On November 28, 2023, the Hong Kong Monetary Authority (HKMA) launched a tokenized bond issuance subsidy scheme covering up to 50% of expenses. The subsidy is capped at HK$2.5 million and is available to companies with a substantial presence in Hong Kong. The program aims to develop digital securities and tokenization in the capital market.
From December 1, Coinbase will stop accruing USDC rewards for users in the European Economic Area due to new MiCA regulations governing cryptocurrencies in Europe 🚫
From December 1, Coinbase will stop accruing USDC rewards for users in the European Economic Area (EEA) due to compliance with new MiCA regulations governing cryptocurrencies in Europe. These regulations require adherence to strict requirements aimed at market stability, investor protection, and transaction transparency. USDC rewards will remain available for users outside the European Economic Area.
Best news of the last 10 days
Putin has signed a law on the taxation of digital currencies: mining and sales without VAT, cryptocurrency income taxed at 13% and 15%, and from 2025, a profit tax of 25% 💰📉
BingX and SafePal unite to improve liquidity and cryptocurrency trading: the partnership strengthens the Global Broker Program and expands access to innovative services 💼
OKX, Forteus, and Komainu have entered into an agreement for 24/7 trading and secure asset storage with mirrored balances and reduced counterparty risks 💼
XT.com suspended withdrawals after a suspected hack of $1.7 million, citing "unusual asset transfer" and wallet update 🔒
Ripple Labs launched the XRPL Foundation in France to support the XRP Ledger ecosystem, attract developers, and advance Web3 initiatives 🚀
Ripple Labs established the XRPL Foundation, a non-profit organization registered in France, to develop the XRP Ledger ecosystem. The foundation was created in partnership with XRPL Commons, XRPL Labs, and XAO DAO, focusing on attracting developers, strategic partners, and promoting regulatory initiatives. Its mission is to strengthen the XRPL ecosystem and Web3 technologies.
Japanese police for the first time arrested 57 users of foreign crypto-casinos, identifying 130 suspects using an asset tracking tool 🚔
Japanese police for the first time arrested local users of foreign crypto-casinos using a virtual asset tracking tool. Among the detained is a 35-year-old firefighter from Tokyo. Since September, 130 suspects have been identified, and 57 people have been arrested. Users criticize the police's priorities, noting unresolved issues such as the economic crisis and major crypto hacks.
The US court allowed the SEC to file a consolidated response of up to 70 pages in the case against Binance, Changpeng Zhao, and Binance US, with the response expected by December 4 🏦⚖️
The US court approved the SEC's request to file a consolidated response to motions to dismiss the lawsuit against Binance, Changpeng Zhao, and Binance US, allowing an extension of the limit to 70 pages. Binance accuses the SEC of lacking clear standards for cryptocurrency regulation, while the SEC claims that many token transactions are investment contracts. The response must be filed by December 4.
Tether will discontinue support for the euro stablecoin EURT on all blockchains by November 27, 2025, due to MiCA regulations and declining user interest 🌍📉
Tether announced the termination of support for the stablecoin EURT, urging users to withdraw their assets by November 27, 2025. This decision is due to changes in European regulations and decreased demand for EURT. The company will focus on new projects such as MiCA-compliant stablecoins EURQ and USDQ. The new regulations strengthen control and requirements for stablecoins, affecting EURT's position.