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NFT Gaming

UAE Signs Crypto Tax Reporting Agreement, Opens Industry Consultation

by admin September 22, 2025



In brief

  • The UAE Ministry of Finance signed the Multilateral Competent Authority Agreement under CARF on Sunday, following its November 2024 announcement.
  • Implementation begins in 2027, with the first international tax information exchanges expected in 2028.
  • An eight-week public consultation launched on September 15 invites all crypto stakeholders to weigh in on potential impacts and compliance requirements.

The United Arab Emirates has committed to automatic crypto tax reporting with global authorities, launching an industry consultation to hammer out implementation details before the 2027 rollout.

The nation signed the Multilateral Competent Authority Agreement on the Automatic Exchange of Information under the Crypto-Asset Reporting Framework, developed by the Organization for Economic Cooperation and Development in 2023, which establishes mechanisms for automatic exchange of tax-related information on crypto-asset activities between countries. 

Crypto firms will need to comply with the new reporting rules by 2027, with the UAE beginning to share data with international tax authorities the following year.



“The framework establishes a mechanism for the automatic exchange of tax-related information on crypto-asset activities, ensuring that the UAE provides certainty and clarity to the crypto-asset sector while upholding the principles of global tax transparency,” the Ministry said on Sunday.

The move comes as the Emirates continues building its reputation as a global hub for digital assets, following its 2024 decision to exempt crypto transactions from value-added tax and Dubai’s establishment of clear regulatory guidelines for Web3 firms.

To ensure the framework meets market needs, the Ministry has launched an eight-week public consultation running through November 8. 

The Ministry is soliciting feedback from crypto firms and service providers to share their views and recommendations on potential impacts and areas requiring further clarification.

The consultation “aims to develop clear and effective regulatory rules informed by the insights of experts and stakeholders, and aligned with market needs,” the statement read.

Industry experts see the development as largely positive, with Nitesh Mishra, co-founder and CTO at hedging platform ChaiDEX, telling Decrypt the agreement “brings greater legal clarity and certainty to crypto activities in the UAE, making the environment safer for compliant investors.”

“It aligns the UAE with global tax transparency standards, boosting trust with regulators and international partners,” he added.

Allowing “public input on the rules” means “the final regulations are likely to reflect market and investor needs,” Mishra said, and will help “attract institutional investors as the rules help establish a fair, well-regulated marketplace.”

Benjamin Young, business setup expert at Aston VIP, told Decrypt that the UAE signing the agreement “reinforces the country’s commitment to global regulatory alignment and transparency in digital assets, while also helping strengthen investor confidence.”

“It will require local and international firms operating in the UAE to ensure compliance with new reporting obligations,” he added, which may “increase operational demands but should contribute to a healthier long-term ecosystem.”

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September 22, 2025 0 comments
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SEC, Gemini Trust Reach Agreement Over Lending Dispute
Crypto Trends

SEC, Gemini Trust Reach Agreement Over Lending Dispute

by admin September 15, 2025



The US Securities and Exchange Commission (SEC) and Gemini Trust Company filed a status update in court, letting a federal court know they had reached a “resolution in principle” to resolve a securities case stemming from a 2023 complaint.

In a Monday filing in the US District Court for the Southern District of New York (SDNY), the SEC and Gemini Trust said that, “subject to review and approval” by the commission, the two parties requested that all litigation in the civil case be indefinitely stayed.

The filing stated that both parties would file another status report if the case weren’t resolved by Dec. 15.

Source: SDNY

The securities case against Gemini Trust and Genesis Global Capital began with a complaint filed by the SEC in January 2023. The commission alleged that Genesis and Gemini “engaged in an unregistered offer and sale of securities to US retail investors” between February 2021 and November 2022.

The agreement in principle likely marked one of the last steps in the winding down of the case against the two firms after the SEC and Genesis announced a $21 million settlement in 2024.

The agency, then under acting SEC chair Mark Uyeda, told Gemini in February that it would not recommend pursuing an enforcement action as part of a separate investigation against the company. 

Related: Gemini (GEMI) stock soars in Nasdaq debut amid crypto IPO boom

The securities case alleged that investors sent Genesis assets through Gemini’s Earn Program with the expectation that the company would pay interest. The SEC said that both companies raised “billions of dollars’ worth of crypto assets, principally from US retail investors,” without registering with the regulator. 

“[I]nvestors lacked material information about the Gemini Earn program that would have been relevant to their investment decisions,” alleged the January 2023 complaint. “Instead of providing investors with the full panoply of information required by the federal securities laws, Defendants have instead only made selective and inadequate disclosures.”

Trump and Gemini: Partners in crypto policy?

Gemini co-founders Cameron and Tyler Winklevoss were financial and personal supporters of US President Donald Trump during his 2024 campaign and have continued to maintain close ties to the White House this year.

The twins were present during the signing of the GENIUS stablecoin bill, and reportedly pressed for Trump to reconsider the nomination of Brian Quintenz as chair of the US Commodity Futures Trading Commission.

The White House asked a Senate committee to delay a hearing on Quintenz’s nomination before it broke for an August recess, and, as of Monday, no other hearing had been scheduled.

Last week, Quintenz released screenshots of texts between himself and the Winklevosses from July that suggested they were looking for certain assurances regarding enforcement actions if his nomination were to move forward.

Gemini also began its initial public offering on Friday, reportedly raising $425 million with 15.2 million shares.

Magazine: Can privacy survive in US crypto policy after Roman Storm’s conviction?



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September 15, 2025 0 comments
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Trump Media
GameFi Guides

Trump Media Invest $105M in CRO Following Crypto.Com Treasury Agreement

by admin September 6, 2025


Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

Trump Media and Technology Group, the parent company behind Truth Social, has now completed a $105 million purchase agreement with popular digital exchange Crypto.com. This development follows the previous announcement of the Trump Media Group CRO Strategy Inc. to build a $6.42 billion CRO treasury.

Trump Media Strategic Cronos (CRO) Partnership

According to a press release on September 5, Trump Media will acquire 684.4 million CRO at about $0.153 per token. The payment structure is 50% stock and 50% cash, and both the CRO tokens and Trump Media shares received will be subject to a lockup period (i.e., cannot be sold immediately). 

This tranche represents about 2% of CRO’s circulating supply, separate from an additional 19% of supply that Trump Media Group CRO Strategy, Inc. (a related entity) is set to acquire. Commenting on this deal, Trump Media’s CEO and Chairman, Devin Nunes, has shared much potential of CRO in alignment with the company’s strategic goals. 

Nunes said: 

Trump Media is pleased to close this agreement and quickly begin to fulfill our strategic partnership with Crypto.com. We’re convinced that CRO has tremendous potential to spread widely as a versatile utility token and a superior form of safe, fast payment and money transfer, and we’re excited to add this innovative asset to our balance sheet.

Notably, the American media company will custody the tokens using Crypto.com Custody, which also allows them to stake CRO for yield (extra revenue). Crypto.com Co-Founder Kris Marszalek shares much optimism on this aspect of the deal, lauding the utility of the CRO token. 

Marszalek said:

This is the first of many steps to driving utility and value for CRO and the Cronos blockchain. We are proud to provide support to Trump Media with our best-in-class custody solution and generate additional value through CRO’s staking model.

Meanwhile, the purchase agreement also presents a clause that allows Truth Social to adopt CRO as a pioneering reward system using Crypto.com  wallet infrastructure.

CRO Price Overview

At the time of writing, CRO is trading at $0.26810, down by 0.95% in the past 24 hours, culminating in a 16.42% loss over the week. Alongside this purchase deal with Crypto.com, Truth Social’s parent company unveiled Trump Media Group CRO Strategy, Inc., a new entity set to merge with SPAC Yorkville Acquisition Corp to form a dedicated treasury vehicle focused on acquiring and managing CRO.

CRO trading at $0.268 on the daily chart | Source: CROUSDT chart on Tradingview.com

Featured image from Reuters, chart from Tradingview.com

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.



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September 6, 2025 0 comments
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Texas Longhorns quarterback Arch Manning (#16) runs up field for a first down during the CFP Semifinal Cotton Bowl Classic football game between the Ohio State Buckeyes and Texas Longhorns on January 10, 2025 at AT&T Stadium in Arlington, TX
Gaming Gear

Fox and Google Reach Agreement to Keep Fox Channels on YouTube TV

by admin August 30, 2025


Fret not, football fans, Fox channels are staying on YouTube TV. Google and Fox reached an agreement to end their dispute that could have led to the removal of Fox channels from Google-owned YouTube TV. 

Google announced the deal last night in a YouTube blog post stating, “We’re happy to share that we’ve reached an agreement with Fox to keep their content on YouTube TV, preserve the value of our service for our subscribers and offer more flexibility in the future. This means that Fox channels, including the Fox Broadcast Network, Fox News, and Fox Sports, remain available for our subscribers along with 100+ channels and football fans will not miss any of the action this weekend.”

With the first big Saturday of college football this weekend — starting with No. 1 Texas facing off against No. 3 Ohio State at noon on Fox — and the first Sunday of NFL football next weekend, the pressure was on for Google and Fox to get a deal done. And after a short-term extension that allowed negotiations to extend past a Wednesday deadline, the two parties were able to renew their contract without any disruption in service.

Enjoy the football this weekend, folks.



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August 30, 2025 0 comments
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