Ripple Gets Green Light for Dubai Expansion

Ripple, a digital asset infrastructure provider, has received approval to expand its operations in Dubai. The Dubai Financial Services Authority (DFSA) granted Ripple “in-principle approval” to offer its services from the Dubai International Financial Centre. This will allow Ripple to provide seamless cross-border payment services in the United Arab Emirates and align with its goal of offering efficient payment solutions. The approval also strengthens Ripple’s global presence as a regulated entity.
Efficient Cross-Border Payment Solutions
Ripple, a digital asset infrastructure provider, announced on Oct. 1 that it had received “in-principle approval” to expand its services from the Dubai International Financial Centre (DIFC). The approval, granted by the Dubai Financial Services Authority (DFSA), strengthens Ripple’s global presence as a regulated entity.
It also paves the way for introducing seamless cross-border payment services in the United Arab Emirates (UAE). According to a press release, the DFSA’s approval will enable Ripple to offer its “enterprise-grade” digital asset infrastructure to a wider range of customers. By expanding its digital asset infrastructure, Ripple will align its goal of providing efficient cross-border payment solutions.
“Blockchain and crypto technologies are here to stay. With its forward-thinking regulatory approach and clear guidance for innovative businesses seeking to invest and scale, the UAE is positioning itself as a global leader in this new era of financial technology.”
Salmaan Jaffery, chief business development officer for the DIFC, said his organization was pleased with Ripple’s plan to expand its operations and its willingness to comply with the financial center’s rigorous legal and regulatory framework.
By obtaining DFSA approval, Ripple adds to the more than 55 licenses it holds worldwide. Reece Merrick, Ripple’s managing director for the Middle East and Africa, said more than 20% of the company’s global customer base is located in the UAE. Therefore, the expansion into the region addresses a “growing demand for more efficient and cost-effective cross-border payment solutions.”
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The Top 5 Crypto Sectors Driving the Market in October 2024

As October 2024 kicked off, the crypto market has remained steady despite a widespread dip on Tuesday. Since January, there’s been an interesting uptick in specific crypto themes, with artificial intelligence (AI) tokens, bridge cryptocurrencies, and meme coins outshining sectors like exchange tokens and store of value coins. The following editorial explores the top five powerhouse sectors fueling the momentum of today’s crypto economy.
2024’s Top Crypto Sectors—Bridge, AI, Meme Coins, and Beyond
In 2024, the crypto world has been buzzing with AI-themed assets and playful meme coins, with names as quirky as a celebrity or even a famous baby pygmy hippo. According to the latest from Artemis Terminal at artemis.xyz, the bridge crypto sector currently leads the pack with a weighted average of 33.4%. The weighted average on artemis.xyz reflects the percentage change in the total fully diluted market capitalization of tokens within the sector. This calculation factors in each token’s unique influence, adjusting for its market weight.
Bridge Sector
Bridge cryptocurrencies play a key role by enabling assets and data to flow across different blockchain networks, boosting liquidity, and expanding blockchain ecosystems’ utility. These tokens are connected to cross-chain bridge systems like Wormhole, Synapse Protocol, Polygon Bridge, Arbitrum, and Layerzero. Many bridges employ the “wrapped asset” approach, in which the original asset is securely locked on one blockchain, while a corresponding “wrapped” version is created on the destination chain.
AI Sector
Following closely behind is the AI coin sector, which has been quite the sensation this year, sporting a 29% weighted average as per artemis.xyz. The AI crypto sector blends artificial intelligence with blockchain tech, often utilizing machine learning to improve decision-making, security, and functionality in the Web3 space. AI tokens also provide access to AI services on blockchain platforms, bringing cutting-edge, decentralized technology to a broader audience. This sector began gaining serious momentum in late December 2023.
Meme Coin Sector
Then there’s the meme coin sector. These cryptos, born from internet memes or pop culture, often start as jokes, but some have achieved significant value. With large supplies and a strong reliance on community engagement and social media hype, meme coins have carved out their space. Dogecoin (DOGE), the original meme coin, remains the largest by market capitalization. However, this year has introduced a new wave of meme coins, many boasting substantial market values and trading volumes. Artemis Terminal reports a weighted average of 20.9% for meme coins today.

RWA Sector
Next on the list is the real-world assets (RWA) crypto sector. These tokens represent ownership or fractionalized shares of tangible assets like real estate, Treasury bills, commodities, or artwork. On Oct. 2, Artemis Terminal gave the RWA sector a weighted average of 19.1%. According to rwa.xyz, there’s about $12.15 billion in RWA on-chain assets, marking a significant footprint for traditional investments on the blockchain. Giant financial institutions like Blackrock and Franklin Templeton have entered this space.

Data Services Sector
Rounding out the top sectors is the data services crypto space, with a weighted average of 17.9% as of Wednesday. Data services cryptos focus on decentralized solutions for data storage, oracles, management, and analysis. They aim to create secure, efficient, and accessible data ecosystems, leveraging blockchain tech to ensure data integrity and privacy. This sector includes popular tokens like filecoin (FIL), arweave (AR), and chainlink (LINK).
A Shift Toward Practical Applications and Memes
Other notable sectors today include data availability, gaming, smart contracts, NFT platforms, decentralized finance (defi), and the social crypto space. But it’s the bridge, AI, meme coin, RWA, and data services sectors that truly stand out, with bridge and AI tokens leading the charge at the start of October.
As the crypto market continues to evolve, 2024 has showcased sectors that merge tech innovation with market demand. Bridge and AI tokens, in particular, are highlighting their importance in driving cross-chain interoperability and advancing AI integration. These trends signal a shift toward practical applications with a real-world impact in the blockchain ecosystem.
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Mastercard Partners With Amazon to Digitize Payment Acceptance

Mastercard and Amazon Payment Services have partnered to digitize payment acceptance in the Middle East and Africa. Under the partnership, Amazon will adopt Mastercard’s single touchpoint for payment processing across 40 markets, enabling faster, more secure transactions for merchants.
Expanding Payment Acceptance
Mastercard, a U.S. multinational payment card services firm, has partnered with Amazon Payment Services to digitize payment acceptance in the Middle East and Africa. Under the partnership terms, Amazon Payment Services will adopt Mastercard’s single touchpoint for payment processing as its payment solution across 40 markets.
The solution is expected to enable fast, seamless, and secure transactions for merchants. Thousands of merchants in the United Arab Emirates (UAE) and Egypt will benefit from the partnership, which will also create new opportunities for synergies with entities such as telcos and governments.
Amnah Ajmal, Executive Vice President, Market Development, EEMEA, at Mastercard, said the collaboration helps Mastercard scale payment acceptance and accelerate the digitization of payments.
In addition to signing a multi-year commercial partnership, the two organizations signed an innovation agreement to develop new checkout options and improve the customer experience. Peter George, Managing Director, Amazon Payment Services, Middle East & North Africa, commented on the collaboration:
We are delighted to strengthen our collaboration with Mastercard, to deliver on our common goal of shaping the future of online payments in the region. Implementing Mastercard Gateway will empower us to expand our reach as a PSP and reduce the burden of integration since the advanced technology solution is connected to all major acquirers around the world.
Known as Mastercard Gateway, the payment card services firm’s solution offers a single connection for customers to accept payments globally and expand into new markets. The statement said it also eliminates the need for manual card and password entry for online shoppers.
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Uruguay Passes Cryptocurrency Law

Proposed over two years ago, the law recognizes cryptocurrency as virtual assets in the country, establishing the Central Bank of Uruguay as the regulator and overseer of companies seeking to offer cryptocurrency services. The law positions Uruguay at the forefront of Latin American countries that have already included crypto in their regulatory frameworks.
Uruguay Enacts Cryptocurrency Law After Over Two Years of Discussion
President Luis Lacalle Pou recently signed the 20.345 Law, a bill regulating bitcoin and cryptocurrency usage in the country. The law puts Uruguay in a privileged spot, offering clarity for companies that want to provide crypto-related services.
The Central Bank of Uruguay will oversee virtual assets service providers (VASPs) and will have to issue permits for this kind of organization to operate. These permits will be issued taking “legality, opportunity, and convenience” into account. Likewise, the Superintendence of Financial Services (SSF) will have to identify exchanges, wallets, and even miners that fall into the VASP category.
The law modifies the current money laundering and terrorism financing control regulation, including virtual assets as the subject of control and supervision for current enforcing organizations. Also, it reforms the securities law to introduce the concept of decentralized securities, which are “issued, stored, transferred and traded electronically through distributed ledger technologies.”
The current law was inspired by a framework proposed by the Central Bank of Uruguay in 2021 a product of the institution’s research into the cryptocurrency subject. The lower chamber of Congress approved it in December 2022 after being introduced in September. Nonetheless, it had to undergo a series of modifications to be passed and signed into law.
The approval of this project puts Uruguay as one of the few countries that have included crypto and cryptocurrency service providers as part of their regulatory framework, following the steps of Venezuela, Brazil, Argentina, and El Salvador. However, only this last one has established bitcoin as legal tender.
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Ohio Senator Pushes for Cryptocurrency Tax Payments With New Bill

Ohio State Senator Niraj Antani has introduced a bill to legalize cryptocurrency payments for state and local taxes. Emphasizing the importance of cryptocurrency in the present economy, the bill requires Ohio to accept digital currencies like bitcoin and allows state retirement systems to invest in them. Antani highlights Ohio’s historical role in cryptocurrency adoption.
Ohio Senate Bill Proposes Cryptocurrency Payments for Taxes
Ohio State Senator Niraj Antani announced on Monday via social media platform X that he introduced Ohio Senate Bill 317 during the 135th General Assembly (2023-2024). The bill seeks to legalize the use of cryptocurrency for paying state and local taxes and fees, emphasizing cryptocurrency as a current, not just future, technology. Antani expressed pride in being the most pro-cryptocurrency member of the Ohio Senate.
The bill would amend sections of the Ohio Revised Code to require Ohio and its local political subdivisions to accept cryptocurrencies like bitcoin for tax and fee payments. It mandates that Ohio’s Tax Commissioner annually approve a list of acceptable cryptocurrencies for use. Sen. Antani stated:
Cryptocurrency is not just the future, but it’s the present of our 21st-century economy.
He believes this move is crucial for supporting innovation and free enterprise in Ohio. The bill also expressly permits Ohio’s state retirement systems and public universities to invest in cryptocurrencies, if they choose, with fiduciary responsibilities for public investment boards.
Antani explained that in 2018, Ohio was the first state to accept cryptocurrency for taxes under Treasurer Josh Mandel. However, in 2019, the Ohio Attorney General required approval from the State Board of Deposits, which has not acted. The state lawmaker added:
Since they have failed to act, the legislature will.
The bill repeals existing statutes that do not address cryptocurrency use in public payments and investments. It also mandates that state investment boards comply with performance standards set by investment organizations and consider minority- and women-owned firms when managing public funds.
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Binance Secures 20th Global Milestone With Argentina Crypto Registration

Crypto exchange Binance has achieved a significant milestone by joining Argentina’s Virtual Asset Service Providers Registry, marking its 20th global regulatory achievement. This allows Binance to expand its full range of services to Argentina-based users, further embedding itself in the country’s cryptocurrency market.
Binance Joins Argentina’s Crypto Registry, Strengthens Global Compliance
Crypto exchange Binance announced on Oct. 1 that it has been registered in Argentina’s Virtual Asset Service Providers Registry, marking its 20th global regulatory milestone. The announcement states:
We are excited to announce that the National Securities Commission (CNV) of Argentina has incorporated Binance into the country’s Virtual Asset Service Providers Registry. This achievement marks Binance’s 20th regulatory milestone globally.
The company’s compliance program focuses on anti-money laundering (AML) and counter-financing of terrorism (CFT) policies, alongside identity verification processes (KYC and KYB). Binance also has a Financial Crime Compliance unit that collaborates with law enforcement to combat crypto-related crime.
With this registration, the crypto exchange is set to expand its full suite of services to Argentina-based users, strengthening its presence in the country. Binance stressed that this development demonstrates its ongoing commitment to compliance and safe cryptocurrency adoption, both in Argentina and globally.
Guilherme Nazar, Binance’s head of Latin America, emphasized
Argentina is a key market for Binance. We will continue to work closely with the authorities to develop the industry most sustainably and securely for the benefit of the crypto community and society as a whole.
The registration aligns with Binance’s broader efforts, which include recent regulatory achievements in countries such as India, Kazakhstan, and Indonesia.
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Cleanspark CEO Predicts Bitcoin $200K Peak Within 18 Months

Cleanspark CEO Zach Bradford predicts a dramatic rise in bitcoin’s value, forecasting a peak near $200,000 within the next 18 months. His outlook suggests rapid growth followed by stability, driven by bitcoin’s current price behavior and broader market dynamics. He also links the U.S. presidential election to potential price surges, while emphasizing the advantages of bitcoin-only mining and innovative technologies like immersion cooling.
Cleanspark CEO Predicts Bitcoin Surge to $200K Amidst Market Shifts
The CEO of bitcoin mining firm Cleanspark (Nasdaq: CLSK), Zach Bradford, recently shared his bitcoin price prediction in an interview with Bernstein. Noting a potential rapid increase in bitcoin’s value before a prolonged period of stability, he predicted:
Based on my current analysis, I believe we could see bitcoin peak just under $200,000, sometime in the next 18 months. That’ll likely be a peak.
He also pointed to bitcoin’s recent price behavior as a positive indicator for future growth, stating: “One positive sign is that bitcoin’s extended flat period shows that sustained upside may last longer as well. Of course, this is all subject to macro events and other factors.”
Bradford expects the upcoming U.S. presidential election to have a significant impact on bitcoin, noting that the price may surge as soon as January. He opined:
I think we’ll start seeing a meaningful push in bitcoin prices post-election through January, which should result in significant margin expansion for well-placed miners with efficient cost structures.
The Cleanspark CEO emphasized the value of bitcoin-only mining companies, arguing that while some competitors are diversifying into AI, pure-play miners benefit from faster returns due to lower costs and more efficient operations.
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Robert Kiyosaki Shares Strange Investment Pitch, Urges Caution Who You Trust for Investing Advice

Rich Dad Poor Dad author Robert Kiyosaki has shared a story involving Iraqi Dinars and an unexpected divine endorsement. In response, the famous author cautioned investors to “be extra careful” about who is giving them investment advice, emphasizing that “even if it is Jesus.”
Kiyosaki’s Take on a Strange Investment Pitch
Robert Kiyosaki, financial educator and author of “Rich Dad Poor Dad,” warned his followers on social media platform X Monday to be cautious of investment pitches. His book, Rich Dad Poor Dad, co-authored with Sharon Lechter in 1997, has sold over 32 million copies in 51 languages across 109 countries and remained on the New York Times Best Seller List for more than six years.
“When times get weird … the weird turn pro,” the famous author described in his post. “A friend was pitched an investment in Iraqi Dinars. I do not know anything about the investment potential of Iraqi Dinars.” He added:
What was weird was the person pitching the deal. She said: ‘Jesus told me to tell everyone that Iraqi Dinars are safest and the best.’
Kiyosaki responded to the strange encounter with humor. He shared: “Being the wise ass that I am … I jokingly replied: ‘I never said that.'”
He proceeded to caution his followers:
It’s getting weird … so please be extra careful … who is giving you investment advice … even if it is Jesus.
Kiyosaki’s message serves as a reminder to critically evaluate the credibility of investment advice, no matter how unusual the source may seem.
The acclaimed author himself has given various advice, particularly regarding gold, silver, and bitcoin as safeguards against economic instability. He regularly warns that traditional currencies are susceptible to inflation and central bank policies, urging asset diversification into these alternatives. He emphasized that these options can protect wealth during financial crises, predicting a crash of the U.S. dollar and encouraging investors to move away from conventional markets.
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Bitwage CEO: Stablecoins Have Been a Lifesaver for Argentines

Jonathan Chester, CEO of Bitwage, has detailed how the company has been serving Argentine remote workers who prefer collecting payments from employers abroad in stablecoins. Chester stated that 70% of its customers in the country use stablecoins, reinforcing that these have helped Argentines increase their net salaries up to 50%.
Bitwage CEO Jonathan Chester: 70% of Argentine Customers Collect Salaries in Stablecoins
Another high-profile cryptocurrency company has pointed out the relevance of stablecoins for Argentina. Jonathan Chester, CEO of Bitwage, has highlighted the pivotal role that stablecoins, tokens pegged to the value of the digital dollar, play for Argentine remote workers.
Chester stated that of all the Argentine users who harnessed Bitwage’s services to collect their payments, 70% used stablecoins like USDT or USDC. In addition, volumes in the country have skyrocketed. He revealed that Argentina accounted for $100 million out of the $400 million processed by Bitwage during 2024, with a user growth of 400% during the last four years.
In an interview with Argentine media, Chester explained how Argentines use stablecoins to acquire dollars and protect their salaries in a high-inflation environment. He declared:
In Argentina, stablecoins have been a lifesaver, in some cases increasing net wages by up to 50%, as traditional exchanges can’t keep up with inflation.
Chester acknowledged that Argentines were attracted to remote work due to the opportunities of finding employment with higher remuneration paid in dollars, or in this case, dollar-pegged stablecoins. “Bitwage helps these workers collect their wages from clients in the U.S., EU, or the U.K. by sending them stablecoins directly to any wallet of their choice,” he stressed.
Several reports have confirmed that Argentina has become a stablecoin foothold in Latam. Juan Colombo, CEO of Bitso Argentina, confirmed that the nation led stablecoin purchases in the region last year with 60% of the purchasing volumes. In the same way, a February report by Lemon, a national exchange, disclosed that 80% of all the purchases routed through the exchange in 2023 corresponded to stablecoins.
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Bank of Russia Claims Digital Ruble Issuance Won't Cause Inflation

The Bank of Russia has explained that the launch of the digital ruble, the Russian CBDC, will not affect the state’s mechanisms to control inflation or the amount of money issued. The institution clarified that the new currency does not pose risks to the country’s financial stability, and will not change the functions of the banking system.
Bank of Russia: Digital Ruble Not a Risk for the Country’s Financial Stability
The Bank of Russia recently explained that the digital ruble, Russia’s central bank digital currency (CBDC), will not change how the state manages its monetary policy. In a draft outlining the direction of the central bank’s policies for 2025-2027, the bank indicated that it would continue to target inflation with the same tools even after the digital ruble launch.
In the document, the bank stated:
The emergence of a digital form of the national currency will not affect the mechanisms for implementing monetary policy. The Bank of Russia will continue to manage money market rates by conducting operations for providing liquidity to banks and absorbing it.
Russia’s CBDC is a retail currency, meaning that users can make payments using it directly, like with the Chinese digital yuan. This is different from the CBDCs that some countries are researching, which focus on easing the transactions between financial institutions of the money network.
Analysts are worried about the digital ruble and its possible effects on the Russian economy. Nonetheless, the bank assessed that it would not have an inflationary effect and would only increase the demand for cash and funds in bank accounts, but not money issuance.
The bank also declared that the current system with its two-tier structure will be preserved, and credit institutions will remain functioning lenders, offering custody for the people’s savings. These will have to support the digital ruble, giving customers tools to open accounts and make transactions using it.
Finally, the bank reinforced the digital ruble’s advantages, detailing it would offer an alternative to traditional payments and monetary systems. Bank authorities expect a widespread digital ruble adoption by 2025.
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QCP Capital: Middle East Tensions Hit Bitcoin Harder Than Traditional Markets

In its Oct. 2 market analysis, QCP Capital highlights the effect of escalating Middle Eastern conflicts on traditional financial (tradefi) assets and the cryptocurrency market. According to QCP’s researchers, the market response has been muted in tradefi, but risk assets and digital currencies like bitcoin (BTC) faced more substantial losses.
QCP Researchers Analyze Crypto Market Impact of Geopolitical Tensions and Central Bank Policies
QCP Capital‘s latest report underscores the limited reaction of traditional financial markets to escalating geopolitical tensions in the Middle East, despite heightened conflict between Israel and Iran. Traditional assets like the S&P 500 index closed 1% lower, while West Texas Intermediate (WTI) crude oil prices rose by 2%.
However, QCP’s analysis indicates that the cryptocurrency market experienced greater volatility, with bitcoin seeing a 4% drop, finding support near the $60,000 mark. Further escalation could push bitcoin prices lower, potentially to $55,000, according to QCP’s projections.
QCP analysts state:
We seem to have found some support at the $60K level, but further escalation could push us much lower, possibly to the $55K level.
In addition to geopolitical factors, QCP’s analysts compared China’s current economic challenges to Japan’s deflationary period in the 1990s. They noted similarities in policy measures, such as rate cuts and quantitative easing programs introduced by the People’s Bank of China (PBOC).
The influx of liquidity and fiscal support is expected to positively affect asset prices, which could contribute to a bullish sentiment globally. QCP highlighted that this optimism may spill over into the cryptocurrency market, where risk assets, including digital currencies, could benefit from broader economic trends.
“In his recent Q&A, Powell was supportive of further rate cuts in 2024,” the market update from QCP concludes. “Assets prices are expected to remain supported heading into 2025, as both the largest (the Fed) and 3rd largest (PBOC) central banks in the world have started their cutting cycles in earnest.”
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‘Thousands’ Flock to World Liberty Financial Whitelist Following Trump’s Announcement

After former President Donald Trump revealed World Liberty Financial’s (WLF) whitelist signup, WLF’s X account shared that “thousands of people have joined” since the announcement. However, the excitement has been dampened by an influx of fake WLFI token scams flooding X.
WLF: ‘Whitelist Is Already a Massive Success’
The crypto community has been haphazardly tracking the gradual rollout of World Liberty Financial (WLF), a decentralized finance (defi) project supported by Donald Trump, Donald Trump Jr., Barron Trump, and Eric Trump. Bitcoin.com News covered WLFI’s tokenomics and also reported on former President Donald Trump opening whitelist signups. To participate in the WLFI sale, users are required to complete a know-your-customer (KYC) process.
On Tuesday, WLF informed the public that a large number of people had jumped on the whitelist. “Our whitelist is already a massive success,” the WLF X account posted. “Thousands of people have joined, and we’re just getting started. Don’t miss your chance to be part of something revolutionary.”
Unfortunately, scams have surfaced, exploiting the World Liberty Financial and WLF names, with fake X accounts and websites falsely claiming that the token’s “distribution has now started.” Meanwhile, the legitimate WLF project still remains mysterious, with only parts of the tokenomics disclosed and the total supply still unknown.
What we do know is that one whitelist is restricted to accredited U.S. investors, while another is available for non-U.S. individuals. WLF assures that regular retail Americans will eventually be able to utilize the defi platform.
“We plan for all Americans to be able to use this platform in the future, giving everyone access to the tools and opportunities that have been restricted for far too long,” the firm’s X account states.
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Binance Secures Regulatory License in Kazakhstan for Crypto Trading

Binance Kazakhstan has secured a full Digital Asset Trading Facility (DATF) license from the Astana Financial Services Authority. This approval allows the crypto exchange to operate as a trading platform, broker-dealer, and digital asset custodian. Kazakhstan becomes the first Central Asian country where Binance has regulatory approval, positioning it as a key fintech hub.
Binance Kazakhstan Secures Full Digital Asset Trading License
Crypto exchange Binance announced on Sept. 30 that Binance Kazakhstan has secured a full crypto trading facility license from the country’s financial regulator.
“Binance Kazakhstan has become the first digital-asset platform to obtain a full Digital Asset Trading Facility (DATF) license from the Astana Financial Services Authority (AFSA),” Binance stated, elaborating:
The license authorizes Binance Kazakhstan to operate a digital assets trading facility, act as a broker-dealer, and provide custody services for digital assets.
The exchange noted that Kazakhstan is now the first country in Central Asia where Binance has received full regulatory approval, reflecting the country’s innovative approach to financial technology. The license followed a detailed review process, including financial audits and ISO certifications. This regulatory achievement is seen as a milestone for both Binance and the Central Asian region. The rigorous review confirmed Binance’s adherence to standards like the AIFC Digital Asset Activities and AML laws.
According to Vishal Sacheendran, Binance’s Head of Regional Markets, Kazakhstan’s “forward-thinking regulatory framework” establishes the nation as a key hub for growth. Vishal Sacheendran expressed excitement, noting that the DATF license would help drive innovation and adoption of digital assets in Central Asia. “Binance Kazakhstan is not only reinforcing its dedication to regulatory compliance but also contributing to the broader development of the crypto ecosystem in Central Asia.”
The crypto exchange added: “For Binance Kazakhstan, obtaining the full DATF license meant undergoing a rigorous and comprehensive review, including an External Financial Audit, ISO certifications, and multiple internal and external audits to ensure full compliance with all applicable regulatory requirements.”
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Crypto Billionaire Flees London Over Offshore Tax Concerns

Christian Angermayer, a billionaire crypto investor, has reportedly moved from London to Switzerland as the UK considers tightening tax policies on offshore wealth. Angermayer’s relocation signals the potential departure of other wealthy individuals fearing future tax hikes on non-domiciled tax arrangements.
Crypto Investor Angermayer Leaves London Over Tax Concerns
Billionaire crypto investor Christian Angermayer has reportedly left London for Switzerland amid concerns over potential tax increases on offshore wealth. The German-born businessman departed ahead of the anticipated crackdown on non-domiciled tax arrangements. These tax rules allow foreign nationals living in the UK to avoid paying taxes on overseas income unless brought into the country.
Angermayer, who had lived in London for the past decade, moved to Lugano, Switzerland, earlier this month. He reportedly declined other relocation options, including New York and Dubai. According to Bloomberg, Angermayer did not pay taxes on foreign income for up to 15 years. The investor remarked:
Every non-dom I know has left or is about to leave.
“Non-dom” describes a UK resident whose permanent home, or domicile, for tax purposes is outside the UK.
A central policy push could generate £3.2 billion in revenue, but government officials are reportedly uncertain, fearing wealthy residents will follow Angermayer’s example and leave the UK.
Despite these concerns, the opposition party plans to address tax loopholes and aim for an initial £1 billion in revenue in the first year. The Conservatives had already considered scaling back non-dom tax breaks while in office, but the current proposals are seen as more aggressive. The Office for Budget Responsibility will assess any cost estimates before the next fiscal plan is finalized. A Treasury spokesperson clarified that the changes are not official yet, stating:
These reports are speculation, not government policy.
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China's Former Vice Minister of Finance Calls for Research on Crypto as US Policy Pivots

Zhu Guangyao, China’s former vice minister of Finance, has called on the country to continue researching crypto as the US changes its attitude towards the asset class. During the 2024 Tsinghua PBOC Chief Economist Forum, Guangyao stated that crypto should be studied “because it is a crucial aspect of the development of the digital economy.”
China’s Former Finance Vice Minister: China Should Study Crypto Development
China should be studying the development of crypto in international markets, even with all the negative effects surrounding it. This is the recommendation that Zhu Guangyao, a former Finance vice minister, made during a speech at the 2024 Tsinghua PBOC Chief Economist Forum.
Guangyao, who served in the position from May 2010 to June 2018, believes that cryptocurrencies are a main element in the development of digital economies, and as such, must be examined.
On the issue, he stated:
It does have negative effects, and we must fully recognize its risks and harm to the capital market, but we must study the latest international changes and policy adjustments because it is a crucial aspect to the development of the digital economy.
An institutional push has powered the U.S.’s newfound interest in crypto and its consideration of the asset class. Guangyao explained that before, the U.S. had a negative stance on crypto, believing it had a “huge destructive power” as a tool for money laundering and terrorism financing purposes in international markets.
However, now with the approval of several exchange-traded funds (EFTs) for bitcoin and ether, the country’s policy has shifted, and crypto has become more generalized. Guangyao also mentioned that former President and Republican Candidate Donald Trump included crypto as a key element in his campaign, explaining that the U.S. should embrace it to avoid being replaced by China.
While cryptocurrency trading and mining have been banned in China, they faced a resurgence as stocks and real estate investments slumped before the government announced the recent stimulus to reactivate the country’s economy.
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Binance Founder CZ Reflects on Release — Plans to Focus on Blockchain, AI, Biotech

Former Binance CEO Changpeng Zhao (CZ) has shared a personal update, reflecting on his recent experiences and future aspirations. He emphasized his intention to focus on various projects related to education, blockchain, artificial intelligence (AI), and biotechnology. Zhao expressed confidence that future opportunities will exceed those of the past.

CZ Shares Vision Following Prison Release
Changpeng Zhao (CZ), founder and former CEO of crypto exchange Binance, shared a personal update on social media platform X on Sunday, after being released from U.S. custody on Friday. He offered insight into his ongoing efforts and what he envisions for the future.
Zhao emphasized several areas of interest, such as investments in education and blockchain technologies. He remarked:
Giggle Academy has been going well, and will be a big part of my life for the next few years. Will continue to invest in blockchain/decentralized technologies, AI, and biotech. I am a long term investor who care about impact, not returns.
Additionally, CZ expressed a desire to deepen his philanthropic work, sharing: “I will also dedicate more time and funding to charity (and education). I have some rough ideas.”
Reflecting on his incarceration, he noted: “The food taste so good … And what a luxury to be able to have more than one piece of fruit per day!” He added: “Let me chill for a bit. Then figure out the next steps. There are always more opportunities in the future than there were in the past.” He also thanked his supporters, stating: “It meant a lot to me, and kept me strong in the darkest moments.”
The former Binance CEO offered an update on his upcoming book, which he revealed is nearing completion. He shared:
Still working on my book. About 2/3 done, I think. Writing a book is a lot more work than I anticipated, but will see this one through.
He concluded by acknowledging that Binance continues to thrive without his daily input, describing it as “every founder’s dream,” and urged followers to stay tuned for further developments.
What are your thoughts on Binance founder CZ’s reflections and his future plans in areas like education, blockchain, AI, and biotech? Share your views in the comments section. #Write2Earn

US License Expiration Imperils Russia-China Trade in Chinese Yuan

A U.S. license allowing transactions with key players in Russia’s financial system expires on Oct. 12. This could make it harder and more expensive for Russian businesses to trade with China in yuan. The yuan is currently the most traded foreign currency in Russia after Western sanctions and Russia’s de-dollarization efforts. Chinese banks are wary of violating U.S. sanctions and the Russian central bank is hesitant to provide more yuan liquidity.
Importers fear a yuan shortage or Chinese banks refusing Russian payments altogether.
Expiry of the license could halt yuan conversion and open positions on the Moscow Exchange. This would further complicate Russia-China trade, which already faces delays and higher costs.#Write2Earn

Trump Opens KYC Whitelist for New World Liberty Financial Crypto Project

On Monday, former President Donald Trump announced that the whitelist for World Liberty Financial (WLF) is now open to eligible individuals. Addressing his 91 million followers on X, he called it their “chance to be part of this historic moment.”
Trump’s Latest Crypto Venture World Liberty Financial Whitelist Goes Live
The know-your-customer (KYC) process for the Trump family decentralized finance (defi) project has kicked off, according to the WLF website, worldlibertyfinancial.com. This follows details released in mid-Sept. about the Trump defi project, which will feature a coin called the WLFI token, with 63% of it offered to the public under the U.S. Securities and Exchange Commission’s Regulation D rules.
On Sept. 30, Trump reached out to his X followers, explaining that WLF whitelisting had begun. “I promised to Make America Great Again, this time with crypto,” Trump said. “[World Liberty Financial] is planning to help make America the crypto capital of the world! The whitelist for eligible persons is officially open – this is your chance to be part of this historic moment.”

Visitors to the website are prompted to choose if they reside inside or outside the U.S., and then they are directed to begin the KYC process. Users are asked to connect their Web3 wallet, which serves as their KYC identifier for verification. The site explains, “We’ll use it to check if you’ve completed the KYC process, whether it’s pending review, or if any action is required.”
Additional information about WLF is available only to individuals who complete the KYC process. Currently, Trump is in a tight race with 2024 Democratic candidate Kamala Harris, as shown by nationwide polls and prediction markets. Trump mentioned that his newfound interest in crypto began when he launched his non-fungible token (NFT) project, surprised by how many purchases were made using crypto.
Over the past year, Trump has pursued numerous merchandising ventures. Alongside Trump NFTs, he has rolled out the Trump ‘Victory’ Tourbillon watch, ‘Never Surrender High-Tops’ sneakers, Trump Bitcoin sneakers, Trump first edition silver coins, Trump-themed bibles, and even a Trump-branded cologne dubbed ‘Victory47.’
What do you think about Donald Trump’s crypto project and upcoming coin? Share your thoughts and opinions about this subject in the comments section below. #Write2Earn

Bitcoin Price in South Korea Sees Largest Discount Since October 2023

According to recent data, the premium for bitcoin in South Korea briefly turned into a discount last week, a rarity since October 2023. While the premium quickly bounced back, it’s still hovering just below 1%.
Bitcoin Sees Steep Discount in South Korea, Premium Quickly Rebounds but Stays Below 1%
On Sept. 23, bitcoin (BTC) in South Korea was trading at a discount, its largest since October 2023, according to figures from cryptoquant.com (CQ). Specifically, the price was 0.55% below the global average. By Sept. 25, CQ reported that the discount had widened to 1.15%. But by the next day, the premium was back, with BTC trading 0.57% higher than the worldwide average.

Just two days ago, on Sept. 28, South Korea’s bitcoin exchange rate had aligned with the global average. South Korea often experiences a premium on bitcoin due to high demand, strict capital controls, and a more limited cryptocurrency supply. For instance, Upbit, the country’s top exchange by trade volume, offers far fewer coins than many global competitors.
While Binance boasts 425 coins and Bybit offers 662, Upbit lists just 215, and Bithumb carries 299. As of 2:30 p.m. EDT on Sept. 30, the South Korean premium stood at 0.60% on Upbit. Earlier this year, the premium hit significantly higher marks—on March 15, 2024, the day after BTC soared to $73,737, CQ recorded a premium of 10.88%.
Bitcoin is kicking off the week on a rough note, slipping 4% against the U.S. dollar over the past 24 hours. This Monday dip drags its weekly return down to a slight loss of 0.5%. On the evening of Sept. 29, BTC was hovering around $66,000, but by Monday’s trading sessions, the top crypto had been fighting to stay above the $63,000 mark as of 2:45 p.m. EDT.
What are your thoughts on last week’s bitcoin discount in South Korea? Share your thoughts and opinions about this subject in the comments section below. #Write2Earn