Geopolitics

US Treasury Secretary Scott Bessent announced that approximately $1 billion in Iran-linked cryptocurrency could be seized this week. The Block reported on October 9 that Bessent made the remarks a day earlier at Newsmax's NPolicy Summit in Washington, stating 'We know where the assets are, and we ar

Bitcoin (BTC) saw a slight recovery, trading at around $82,720 on October 10. U.S. Treasury Secretary Bessent said the United States plans to seize $1 billion worth of cryptocurrency linked to Iran this week. The U.K. government sanctioned three cryptocurrency exchanges and two payment platforms, accusing them of helping Russian entities evade financial sanctions. Two of them processed transactions for the Kremlin-backed A7 network, which moved more than $9 billion in funds last year. Macroecono

The Income Tax Department and Reserve Bank of India have flagged serious risks posed by cryptocurrencies in India, citing enforcement challenges and tax administration difficulties as scrutiny of virtual digital assets intensifies. Officials have cautioned that transactions routed through private

According to Bitcoin Magazine, Bitcoin fell below $81,000 on Thursday morning, October 8, down 3% in 24 hours and 4% over seven days. The decline was driven by surging Brent crude prices following renewed tanker attacks in the Strait of Hormuz, which raised expectations of higher U.S. interest

According to FinanceFeeds reporting on the enforcement campaign, U.S. authorities on September 14 filed a civil forfeiture complaint against approximately $61 million in cryptocurrency allegedly connected to black-market Iranian oil sales. Federal prosecutors in Manhattan identified Chinese

Treasury Secretary Scott Bessent announced that the U.S. is preparing to seize approximately $1 billion in cryptocurrency associated with Iran, speaking at the NPolicy Summit in Washington. The action aims to enhance economic pressures on Iran and reinforce ongoing U.S. sanctions. This follows a pre

According to Treasury Secretary Scott Bessent speaking at the Policy Summit in Washington, the U.S. Treasury plans to seize approximately $1 billion in cryptocurrency associated with Iran this week. Bessent confirmed that U.S. authorities have identified the locations of the targeted crypto assets a

Chris Larsen, Ripple's co-founder and chairman, donated at least $22.5 million to US political candidates and super PACs for midterm elections, according to a Bloomberg interview published on October 9. Larsen contributed $4 million to support Ohio Democratic Senate candidate Brown after

The Brent oil price held above $102 a barrel on October 8 after the Pentagon instructed US Central Command to complete preparations for a possible resumption of large-scale combat operations against Iran. December Brent traded at $102.87, down 1.35% on the day, having given back part of an October 8

The UK sanctioned crypto services Cryptomus, Heleket and TokenSpot alongside payment companies tied to Kyrgyzstan on October 8, extending its campaign against financial infrastructure suspected of helping Russia move money around Western restrictions. The measures were part of 38 new

According to Bloomberg, Ripple co-founder and crypto billionaire Chris Larsen has disclosed at least $22.5 million in direct donations to federal candidates and super PACs during the current U.S. midterm election cycle, with plans to increase his political spending. Larsen, now one of America's

According to a previously undisclosed Binance internal report cited by the Wall Street Journal, a network linked to Iranian businessman Babak Zanjani—designated by U.S. and Israeli authorities as operating a covert payment system for Iran's Islamic Revolutionary Guard Corps (IRGC)—engaged in

According to Bloomberg, Ripple co-founder and Chairman Chris Larsen has criticized the crypto super PAC Fairshake over its decision to invest $30 million against Ohio Democrat Sherrod Brown in the current election cycle. Larsen, who has donated at least $22.5 million to Fairshake and federal

U.S. Treasury Secretary Scott Bessent said on October 9 that the Trump administration plans to seize approximately $1 billion in cryptocurrency assets this week as part of a broader escalation from "maximum pressure" to "absolute isolation" of Iran. According to Bessent, speaking at the Newsmax

According to ChainCatcher, China's central government recently issued guidance on developing new productive forces, calling for deep integration of the real economy and digital economy. The policy emphasizes establishing systems for data ownership, market transactions, and benefit distribution,

The Ministry of Finance intends to build a legal framework for the cryptocurrency market in Russia to bring digital asset operations under clear legal regulation, reduce risks for citizens, and establish transparent rules for market participants. Deputy Finance Minister Ivan Chebeskov said at an industry forum that digital assets have already become a significant part of the global financial system and that such instruments are used on a substantial scale in Russia. According to him, cryptocurre

Sber demonstrated a cryptocurrency purchase service in the SberBank Online app on October 7 at the SberInvestments forum, and cryptocurrency transactions are now available to select users in test mode only. The bank plans to make cryptocurrency transactions available to all clients not only through SberBank Online, but also through the SberInvestments and SberBusiness apps. The legal basis for this was provided by the Law on Digital Currencies and Digital Rights, which Vladimir Putin signed in A

Crypto Tax in India offers no loss deduction benefit to investors, leaving Bitcoin buyers sitting on unrecoverable losses after the 33% crash. An Indian crypto investor who purchased one Bitcoin at its October 6, 2025 all-time high of $126,210.50 faces a paper loss of approximately Rs. 31 lakh, or 2

Mudrex founder Edul Patel stated on May 22 that Crypto Tax in India is driving users to offshore platforms, with nearly 73% of Indian trading volumes having migrated away from domestic exchanges. The 1% TDS on gross transaction value and 30% flat capital gains tax, combined with the inability to off

India's central bank has reasserted a call for a cryptocurrency policy "leaning towards prohibition," while the country's tax department warned that trading via offshore exchanges is hard to track, according to government documents reviewed by Reuters. The Reserve Bank of India (RBI) said banks