Weekly Crypto Digest: Key Events in the World of Digital Assets
The past week has brought several significant developments in the cryptocurrency market and global economy. In Europe, BlackRock is launching a Bitcoin exchange-traded product, highlighting the continued institutional interest in digital assets. The Czech Republic is moving toward more favorable regulation by exempting long-term crypto holders from capital gains taxes. Meanwhile, Poland’s central bank has rejected the idea of adding Bitcoin to its reserves, citing security concerns. In Asia, Hong Kong has, for the first time, recognized Bitcoin and Ethereum as proof of assets for investment immigration. In the U.S., Alabama Man to Plead Guilty in Bitcoin-Focused SEC X Account Hack. Read on for more details about these and other key events in our digest.
Review of the past week:
| February 5, 2025 |
BlackRock to List Bitcoin Exchange-Traded Product in Europe. The fund will likely be domiciled in Switzerland, according to people familiar with the plans who were not authorized to discuss the matter publicly. BlackRock could start marketing the fund as soon as this month, one person said. Read more |
| February 6, 2025 |
Czech president signs law exempting capital gains taxes on crypto held for three years. The tax exemption bill was unanimously approved by the country’s parliament in early December. Read more |
| February 8, 2025 |
Polish Central Bank Rejects to Add Bitcoin to Reserves for Security Reasons. Poland is adopting an alternative approach to the integration of Bitcoin into its national reserves, as countries such as the United States, Germany, and the Czech Republic investigate the possibility. Read more
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| February 9, 2025 |
Hong Kong investment immigration recognizes Bitcoin and Ethereum as proof of assets for the first time. Two successful immigration cases used crypto assets worth HK$30 million as proof. |
| February 10, 2025 |
Alabama Man to Plead Guilty in Bitcoin-Focused SEC X Account Hack. According to the charges, Eric Council Jr. used a fake ID to gain access to a device with SEC account credentials and then falsely said spot bitcoin ETFs had been approved. |
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