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Governements around the world are recognizing the importance of crypto

The long-term view looks good depsite short-term volatility

Author

Rich Webb
August 27, 2024 • Read Time: 7 minutes

In a bold step toward tightening the grips on cryptocurrency oversight, New Zealand's revenue minister, Simon Watts, has thrown his weight behind a new bill proposing the integration of the OECD's framework for automatic crypto-asset financial reporting.

This is a move mirrored across the world, with governments being forced to acknowledge the reality of crypto and legislate or run tests and trials themselves. While the US Presidential election and macroeconomic indicators are causing volatility in the short-term, long-term signals are of increasing adoption. Let's dive in!

  • New Zealand plans to adopt OECD's framework for crypto-asset financial information exchange by 2026. — Read More

  • Russia to start cryptocurrency trials on September 1 to bypass sanctions, Bloomberg reports. — Read More

  • India's CBDC pilot reaches 5 million users, but the central bank governor advises a cautious rollout. — Read More

  • Paris prosecutors charge Telegram CEO Pavel Durov with multiple counts, including fraud and child pornography, complicity in narcotics sales, and money laundering. — Read More

  • Trump leads Harris by 1% in the latest Polymarket poll, following RFK Jr.'s endorsement of Trump. — Read More

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