Investment Education

According to Foresight News, Circle's co-founder and CEO, Jeremy Allaire, has announced that the company's US dollar stablecoin (USDC) and Euro stablecoin (EURC) are now in compliance with the newly introduced stablecoin regulations, MiCA, in the European Union. The company has officially started issuing these stablecoins to its European customers from July 1st. The new regulations aim to ensure the stability and security of transactions involving stablecoins. Circle's compliance with these regulations indicates its commitment to adhering to international standards and providing secure financial services to its customers. This development is significant as it marks the expansion of Circle's services in the European market, potentially increasing the adoption and use of its stablecoins. It also demonstrates the company's adaptability in conforming to new regulatory environments, which is crucial in the rapidly evolving digital currency landscape.

According to PANews, stablecoin giant Circle has been granted an Electronic Money Institution (EMI) license by French regulators. This license allows Circle to issue EURC and USDC within the European Union, in compliance with the Markets in Crypto Assets (MiCA) regulations. The EMI license is a significant milestone for Circle, as it enables the company to expand its operations within the European Union. The issuance of EURC and USDC will be in line with the MiCA regulations, which are designed to foster innovation while ensuring the stability and integrity of the financial market. This development is a testament to the growing acceptance and regulation of digital currencies in the global financial landscape. It also underscores the importance of regulatory compliance for companies operating in the crypto space.

Welcome to the Artificial Intelligence Outlook for Forex trading. https://www.youtube.com/watch?v=92m3AS_er7o VIDEO TRANSCRIPT Okay, hello everyone, and welcome back. My name is Greg Firman, and this is the Vantage Point AI ...

According to Foresight News, the US Internal Revenue Service (IRS) and the Treasury Department have finalized new tax regulations for cryptocurrency. From 2026, cryptocurrency trading platforms will be required to report transactions to the IRS. This regulation essentially implements a provision of the Infrastructure Investment and Jobs Act passed by the Biden administration in 2021. Even without these new rules, cryptocurrency holders are required to pay taxes. However, there has been no real standardization on how to report these holdings to the government and individual investors. Starting from 2026, covering transactions from 2025, cryptocurrency platforms must provide a standard 1099 form, similar to the forms sent by banks and traditional brokerage firms. This move is aimed at bringing more transparency and regulation to the rapidly growing cryptocurrency market. The new rules are expected to provide a clearer framework for both the government and individual investors in the cryptocurrency market.

According to PANews, the US District Court in the District of Columbia has dismissed the claim by the US Securities and Exchange Commission (SEC) that secondary sales of BNB are securities. The court's decision marks a significant development in the ongoing debate over the classification of digital assets. The SEC's claim was based on the assertion that BNB secondary sales fell under the category of securities, a classification that carries specific regulatory implications. However, the court rejected this claim, providing a potential precedent for future cases involving digital assets and their classification. This decision could have far-reaching implications for the digital asset industry, potentially influencing future regulatory decisions and the legal status of various digital assets. The court's decision is a significant development in the ongoing debate over the classification of digital assets.

According to Odaily, the US Treasury Department's Internal Revenue Service (IRS) has announced a cryptocurrency tax system for 2025. The system is designed to establish record-keeping rules for digital asset brokers. However, the rules related to Decentralized Finance (DeFi) and non-custodial wallets have been temporarily shelved. The agency believes that mainstream crypto platforms handling the 'vast majority' of transactions can no longer wait for rules, but other issues require more research and will establish corresponding rules 'later this year'.The newly released tax rules will take effect for transactions from 2025 and require brokers to closely monitor the cost basis of their clients' tokens from 2026. The new rules for cryptocurrency brokers require trading platforms, custodial wallet services, and digital asset exchange platforms to submit disclosures about client asset changes and earnings. These assets will also include stablecoins such as USDT and USDC and high-value Non-Fungible Tokens (NFTs) in very limited circumstances, although the IRS explicitly refuses to resolve the long-standing debate about whether tokens should be considered securities or commodities.Under the new rules, the IRS will not require reporting of most regular stablecoin sales and has set an annual threshold of $600 for NFT earnings, which needs to be reported only if it exceeds this threshold.

According to Odaily, the US Securities and Exchange Commission (SEC) has filed a lawsuit against Consensys, the company behind the development of the MetaMask wallet. The details surrounding the lawsuit are yet to be disclosed. Consensys is well-known in the digital currency industry for its development of the MetaMask wallet, a popular tool among cryptocurrency enthusiasts. The lawsuit by the SEC marks a significant development in the ongoing scrutiny of digital currency companies by regulatory bodies. Further information regarding the lawsuit and its potential implications for Consensys and the MetaMask wallet will be provided as it becomes available.

According to Odaily, the United States' inflation rate expectations for a one-year period in June have been predicted at 3%, a slight decrease from the previous value of 3.30%. Similarly, the inflation rate expectations for a five to ten-year period in June are also projected at 3%, down from the previous value of 3.10%. These figures indicate a marginal decline in inflation rate expectations, suggesting a potential stabilization in the economic climate. However, these are merely predictions and the actual inflation rates may vary based on various economic factors and market conditions. It is important for investors and economists to keep a close watch on these figures as they can significantly impact financial planning and investment strategies.

According to Odaily, X Payments, a subsidiary of X, has been granted a Money Transmitter license in 31 states across the United States. The states where the license has been approved include Arizona, Arkansas, Colorado, Connecticut, Florida, Georgia, Illinois, Iowa, Kansas, Kentucky, Louisiana, Maryland, Michigan, Mississippi, Missouri, Nebraska, Nevada, New Hampshire, New Mexico, North Carolina, Ohio, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Utah, Virginia, West Virginia, and Wyoming. This development marks a significant milestone for X Payments as it continues to expand its services across the country.

According to PANews, Bolivia has lifted its ban on Bitcoin and other cryptocurrencies. The prohibition, which was put into effect in December 2020, has now been officially revoked by the Central Bank of Bolivia (BCB) on June 26. The bank has announced that financial institutions are now permitted to engage in cryptocurrency transactions. Despite the fact that cryptocurrencies can now be traded through authorized electronic channels, the Central Bank of Bolivia has issued a reminder to its citizens that cryptocurrencies are not considered legal tender. This means that while they can be used for transactions, they are not recognized as an official currency by the Bolivian government. This move marks a significant shift in Bolivia's stance on cryptocurrencies, which were previously banned due to concerns over their potential use in illegal activities. The lifting of the ban indicates a growing acceptance of digital currencies and could potentially pave the way for further integration of cryptocurrencies into the country's financial system.