The German Ministry of Finance is reportedly seeking to impose a 25% tax on cryptocurrencies, departing from current laws that make crypto gains tax-free after one year of holding. The German Federal Ministry of Finance reportedly issued a draft proposal to transition cryptocurrency trading profits to the standard 25% flat-rate tax starting in 2028. The ministry’s proposal would apply to all crypto assets acquired after Jan. 1, 2027, according to a draft proposal seen by local news outlet Die Welt on Wednesday. The draft also proposes grandfathering protections, meaning that digital assets bought before this deadline may be treated under the old taxation rules. Read more
From the whereabouts of the CryptoQueen to a mysterious death involving a DeFi builder paranoid about the “pedo elite,” here are 10 crypto mysteries that still have no good answer. In an industry built on transparency and verifiability, newcomers might assume that crypto and blockchains leave very little room for mystery. They’d be completely wrong of course, because the murky world of digital assets is rife with underhanded dealings, unsolved enigmas and fortunes disappearing behind pseudonyms. From the identity of Bitcoin’s mystery creator to what really happened to a DAI developer on a beach in Puerto Rico, here are 10 crypto mysteries that remain unsolved. Read more
BitMart provided no asset figures or withdrawal timetable and will launch a feedback portal within five working days during a financial adviser review. BitMart appointed Alvarez & Marsal as its financial adviser on Wednesday, its self-imposed Sept. 9 deadline for an update, but did not publish the restructuring and business resumption roadmap it said it was developing. Alvarez & Marsal will work with BitMart’s legal advisers to evaluate the exchange’s assets, financial position, stakeholder issues and possible paths forward, according to Wednesday’s announcement. The review will also consider proposals from unidentified third parties, BitMart said on X. BitMart said it will deploy a dedicated web portal within five working days to collect user feedback on its action plan and future direction. It said further updates on the feedback process and action plan would follow on a rolling basis over the next three weeks. Read more
Banca d’Italia ordered crypto service providers to implement internal controls to screen for crypto transfers tied to sanctioned entities. Italy’s central bank, Banca d’Italia, ordered mandatory sanctions screening for cryptocurrency transfers to help curb illicit flows across the EU. The bank said that crypto asset service providers (CASPs) must put policies and internal controls in place to enforce EU financial sanctions when processing crypto transfers, according to a Monday announcement. The central bank said that CASPs should strive to ensure adequate controls to identify customers and transactions linked to sanctioned entities. Read more
The US Senate has a limited window to pass a crypto market structure bill, but if it were to fail, the legislation could be completely remade or scrapped under Democrats in 2027. With lawmakers in the US Senate set to consider legislation pushed by many in the cryptocurrency industry for regulatory clarity, there’s a limited window for the bill to become law, potentially delaying it into the next session of Congress with different politics in play. The US Senate is scheduled to return to session on Monday after more than a month in which lawmakers were on state work periods. Senator John Thune, the Republican majority leader in the chamber, has scheduled a cloture vote on the Digital Asset Market Clarity (CLARITY) Act for Tuesday, in which his compatriots will need support from a handful of Democrats to meet the 60-vote threshold and overcome a filibuster. Should the bill fail to advance with a three-fifths supermajority, the Senate will have less than 36 days of business before 2027, when a new session of Co...