Blockchain DXB: 🔴 02nd Jan 🔴 📊 Franklin Templeton BTC reserves 🚀 in 2025 🟠Genius Group BTC strategy 🔴China’s new forex rules ❗USA Internal Revenue Service Temporary relief
Blockchain DXB
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02nd Jan: Blockchain DXB) Podcast📊 Franklin Templeton) BTC reserves 🚀 in 2025 🟠Genius Group BTC strategy 🔴China’s new forex rules ❗USA Internal Revenue Service) Temporary relief📊Franklin Templeton) Digital Assets: 2025 Crypto Outlook predicts significant advancements in the crypto space driven by regulatory clarity, institutional adoption, and technological innovation. Key highlights include:- U.S. regulatory developments, such as crypto ETFs and stablecoin frameworks, will position the U.S. as a leader in crypto innovation.- Bitcoin will solidify as a global financial asset, with nations adding it to strategic reserves.- Decentralized finance (DeFi) will expand through tokenized products and the adoption of stablecoin.- AI and blockchain integration will accelerate, enabling automation in transactions and portfolio management.- The shift from speculation to utility will make crypto integral to global financial and operational systems.2025 is projected as a transformative year for the crypto industry. Report here https://shorturl.at/oRjDM)💯Genius Group, an AI-based edtech company, has purchased $10 million worth of bitcoin, bringing its total holdings to 319.4 BTC. Committed to a "bitcoin-first" strategy, the company plans to invest 90% or more of its reserves in bitcoin, targeting $120 million initially. CEO Roger Hamilton) highlighted their rapid progress, achieving this milestone within two months of adopting the strategy. via Bitcoin.com) https://shorturl.at/7ch5z)🔴 China’s new forex rules require banks to monitor and report risky activities, including cryptocurrency trades. According to an article by South China Morning Post SCMP) here https://lnkd.in/dE9rj_H3) strengthens Beijing's crackdown on crypto, making it harder to bypass regulations. The rules mandate tracking identities, funds, and trading patterns while restricting services to high-risk entities.❗ Official IRS Document here https://shorturl.at/iNRIK) outlines temporary relief measures for taxpayers handling digital assets with brokers from January 1 to December 31, 2025. During this period, taxpayers can use alternative methods to identify which digital asset units are sold or transferred, including using records like purchase dates or standing orders. The relief addresses situations where brokers lack the technology to process specific instructions. Safe harbour rules under Rev. Proc. 2024-28 also apply, but the measures are only valid during the relief period and not beyond. This ensures compliance flexibility while brokers update their systems.CoinTracker) head of tax Shehan C.) said in a Dec. 31 X Twitter) post. “You won’t have to be locked into FIFO as before,” Great information on X by him🟠 Two UAE news⚡ UAE's RAK DAO and India Blockchain Alliance strategic partnership aims to advance regional blockchain ecosystems⚡ Saudi startup investment shifts focus to AI, enterprise software, and SMEs.
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