December 2024 saw significant crypto policy developments worldwide, with the U.S. appointing a new SEC chair and approving Bitcoin ETFs, the EU implementing its MiCA legislation, and several countries introducing new rules on mining, transactions, and taxation.

A new legislation that exempts small crypto transactions and long-term holdings from taxation passed the lower house. On social media, the move was proclaimed the beginning of "Velká Kryptoměnová Revoluce" - the Great Cryptocurrency Revolution.

While South Korea seeks to foster innovation and public trust, Russia focuses on leveraging crypto for immediate economic and geopolitical gains. Both approaches highlight how crypto policy is deeply intertwined with national priorities and geopolitical circumstances.

Major European economies are implementing sweeping changes to cryptocurrency regulation and taxation.

Shortly after receiving approval from the local anti-money laundering watchdog, Binance is now haunted by another regulator. Other global crypto exchanges might face the same charges.

With BTC prices hitting a new all-time high, El Salvador’s crypto treasury is around $85 million in profit. The country has also changed its tax system to attract more foreign investment.

The Spanish Treasury is preparing a tax reform that will allow digital assets to be used as payment towards debts to the central administration.

The 1% TDS on digital asset transactions has provoked “an exodus of users, funds and trades to offshore platforms,” according to a study by Esya Centre.