Tag: Digital

Arizona reconsiders Bitcoin reserve plan using forfeited digital assets

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Arizona lawmakers have voted to revive a bill that would expand the state’s forfeiture laws to include digital assets and establish a new Bitcoin reserve fund. Following a June 19 motion in the Senate, House Bill 2324 is headed back to the Arizona House of Representatives for reconsideration.  The measure, which had previously failed to pass the House on May 7, was brought back after a narrow 16-14 Senate vote.  Republican Senator Janae Shamp, one of the lawmakers who initially voted against the bill, filed the motion to reconsider.  It…

JPMorgan Files Service Mark to Expand Digital Asset and Blockchain Services

JPMorgan Chase has filed a service mark for “JPMD,” signaling an aggressive push into blockchain, digital assets, and decentralized finance infrastructure at institutional scale. JPMorgan Files Service Mark for JPMD in Strategic Blockchain and Digital Asset Expansion Plan JPMorgan Chase Bank submitted a service mark application on June 15 for the mark “JPMD,” signaling a […] Source CryptoX Portal

Davis Commodities Bets on Bitcoin in $30 Million Digital Assets Strategy

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Davis Commodities is pivoting into digital finance with a $30 million initiative, blending bitcoin reserves and real-world asset tokenization to modernize the global agricultural trading industry. Agricultural Giant Davis Commodities Unveils Digital Finance Push With $30 Million Bitcoin and Tokenization Strategy Davis Commodities Limited (Nasdaq: DTCK), a Singapore-based leader in agricultural commodities trading, has announced […] Original

Shift to Digital Asset Tech Won’t Be Slow — Franklin Templeton CEO

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In an opinion piece published in Fortune, Franklin Templeton CEO Jenny Johnson wrote that the “advantages of blockchain are so compelling that we don’t foresee the shift to digital asset technology being slow or incremental,” echoing the growing positive sentiment some traditional finance institutions have toward crypto. “Indeed, we expect our industry will evolve more in the next five years than in the last 50,” Johnson said. “The pressing question is whether financial institutions will choose to embrace the digital asset wave (and the disruption coming with it), actively fight…

Kenya’s Crypto Tax Could Hinder Africa’s Digital Growth Opportunity.

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Opinion by: Chebet Kipingor, business operations manager at Busha As Kenya pushes forward with a revised 1.5% crypto transaction tax, it risks losing more than revenue — it could forfeit its regional fintech leadership, drive startups across borders, and fracture Africa’s digital economy before it can unify. Parliament is debating implementing the Digital Asset Tax (DAT) on every cryptocurrency transaction. While the intention to broaden the tax base is valid, the policy’s current form could deliver unintended consequences for Kenya and financial inclusion efforts across the continent. With over 450…

MAS Confirms Near-Ban on Foreign-Only Digital Token Services

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The Monetary Authority of Singapore (MAS) has shed light on its Digital Token Service Providers (DTSPs) regime, following widespread panic in the industry over a potential ban on crypto firms serving overseas clients In a June 6 announcement, MAS reiterated that starting June 30, crypto firms “providing services solely to customers outside of Singapore relating to digital payment tokens and tokens of capital market products will need to be licensed.” However, the regulator warned that such licenses will be granted only in “extremely limited circumstances.” “MAS has set the bar…

Fed Signals ’Brighter Future for Digital Assets’: Senator

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The US Senate has confirmed Michelle “Miki” Bowman as President Donald Trump’s pick to be vice chair for supervision for the Federal Reserve, signaling a potential change in the central bank’s regulatory approach after the departure of Michael Barr. In a 48-46 vote on June 4, senators confirmed Bowman to be the vice chair for supervision, allowing her to introduce policy recommendations and oversee the supervision and regulation of companies under the Fed’s authority. Wyoming Senator Cynthia Lummis, often an advocate for cryptocurrencies in Congress, lauded the confirmation as a…