Crypto News
Why Emerging Economies Need Strategic Crypto Reserves
You’ve probably heard this at a dinner party: “If only we had bought Bitcoin ten years ago.” Now imagine that conversation echoing in the corridors of a central bank, where the stakes are a nation missing one of the most asymmetric financial opportunities of the century.For emerging economies — countries like India, Brazil, Indonesia, South Africa, Nigeria, Thailand, or Vietnam — strategic exposure to cryptocurrencies is essential for future economic resilience. They collectively represent over 40% of the global population and approximately 25% of global GDP, yet they remain vulnerable to external economic shocks, including currency fluctuations, trade disruptions, and more. Today, their sovereign reserves remain heavily reliant on traditional assets like gold and foreign exchange. But those aren’t sufficient...
OKX Chief Legal Officer Mauricio Beugelmans Leaves the Exchange
OKX chief legal officer Mauricio Beugelmans has left the cryptocurrency exchange, according to his Linkedin profile.Beugelmans, who has been instrumental in shaping OKX’s global compliance policy, states on his profile that his tenure lasted three years and eight months at the exchange, from August 2021 to March 2025.Just last month, OKX paid over $500 million in penalties and forfeited fees in a settlement with the U.S. Department of Justice which stated that the company had facilitated more than $5 billion in “suspicious transactions and criminal proceeds.”A source familiar with the matter said Beugelmans’ exit was related to the recent DoJ settlement.The DOJ said in a press release last month that OKX facilitated more than $5 billion in “suspicious transactions and...
Blackrock CEO Says US Debt Crisis Could Propel Bitcoin as Reserve Currency Challenger
Blackrock CEO Larry Fink cautions that the United States risks forfeiting its global economic leadership to digital assets such as bitcoin if it fails to confront its mounting debt. He advocates for modernization through tokenization and decentralized finance (DeFi), emphasizing the potential to democratize investment opportunities. Fink Touts Tokenization as Fix for ‘Broken’ Finance SystemSource link
Brazil Bars Major Pension Funds From Investing in Cryptocurrencies
Brazil’s top financial policy body banned some pension funds from investing in cryptocurrencies because they are too risky.The National Monetary Council (CMN) forbade closed pension entities known as Entidades Fechadas de Previdência Complementar (EFPCs) from allocating any portion of their guarantee reserves into bitcoin (BTC) or other digital currencies. The EFPCs manage retirement savings for tens of thousands of unionized and company-employed workers and their reserves are typically made up of bonds and equities.“The resolution also prohibits investments in virtual assets, considering their specific investment characteristics and associated risk,” a Ministry of Finance notice circulating among local news outlets reads.The ruling was published last week under under Resolution 5.202/2025 by the National Monetary Council (CMN).In contrast, last year British pension...
Metaplanet Issues $13M Zero-Coupon Bond to Buy More Bitcoin
Japanese hotel firm Metaplanet (3350) has issued a 2 billion yen ($13.3 million) zero-coupon ordinary bond, with proceeds earmarked for additional bitcoin (BTC) purchases. The bond is scheduled to redeem on Sept. 30.In addition, Metaplanet has been added to the BetaShares Crypto Innovators ETF (CRYP), a fund with over $50 billion in assets under management, according to CEO Simon Gerovich. Metaplanet holds the largest weighting in the ETF at 15.5%, surpassing notable industry names such as Strategy (MSTR) and Coinbase (COIN), which take the second and third spots, respectively. The ETF is traded on the Australian Securities Exchange (ASX) and offers investors exposure to companies operating at the forefront of the crypto and blockchain sectors. While, the CRYP ETF is...