IRS Delays New Crypto Tax Reporting Rules Until 2026

The US Internal Revenue Service (IRS) announced a one-year delay in the implementation of new tax reporting requirements for cryptocurrencies. It is now set to take effect on 1 January 2026. The postponement gives brokers more time to adapt to the regulations, which focus on determining the cost basis of cryptocurrencies on centralized platforms, according … Read more

Indonesia Fails To Transfer Crypto Oversight From Trade Ministry To Financial Services Authority

Indonesia’s plan to shift crypto asset supervision from the Commodity Futures Trading Agency (Bappebti) under the Trade Ministry to the Financial Services Authority (OJK) has yet to materialize. The transition, mandated by the Financial Sector Law, was expected to be completed by January 12, 2025, but progress has stalled due to the absence of supporting … Read more

China Enforces Stricter Crypto Monitoring to Curb Illegal Transactions

China’s foreign exchange regulator has imposed stricter controls on cryptocurrency-related activities, requiring banks to monitor and report high-risk trades. The State Administration of Foreign Exchange (SAFE) mandates that banks track foreign exchange behaviors linked to underground banking, cross-border gambling, and illegal crypto transactions. These measures compel banks to assess the identity, funds, and frequency of … Read more

What is BIO Protocol? Revolutionizing Biotech Through Decentralized Science (DeSci)

BIO is a curation and liquidity protocol for DeSci, designed to accelerate biotechnology. It empowers global communities of patients, scientists, and biotech experts to collaboratively fund, develop, and own biotechnological projects and intellectual property (IP). The team behind BIO previously launched Molecule, a platform for tokenizing early-stage biomedical projects, and VitaDAO, the largest decentralized community … Read more