Mastercard has introduced the Crypto Partner Program, a global initiative connecting more than 85 crypto-native companies, payments providers, and financial institutions. The program aims to create a forum for collaboration that aligns innovation in digital assets with traditional payment systems.
Enterprise use cases such as cross-border remittances, payouts, and settlements are growing, underscoring the practical potential of on-chain payments. Participants will collaborate with Mastercard to design products that combine the speed and programmability of digital assets with existing card rails and global commerce.
The initiative builds on Mastercard’s long-standing approach to blockchain and digital assets, including Start Path and the Engage platform, which provide opportunities for collaboration, innovation, and growth.
The program focuses on turning technical innovation into scalable, compliant solutions that can operate across markets and everyday commerce.
Partners in the Crypto Partner Program include Binance, Circle, Crypto.com, Solana, Ripple, PayPal, and over 80 other industry leaders, demonstrating the growing ecosystem of companies working together to shape the future of digital payments.
Would you like to learn more about AI, tech and digital diplomacy? If so, ask our Diplo chatbot!
Turkey’s ruling AK Party has introduced a bill in parliament to formalise cryptocurrency taxation and revise key tax and spending rules. The legislation links crypto taxation to Turkey’s Capital Markets Law and sets a clear framework for digital assets.
Under the proposal, regulated crypto platforms would withhold a 10% tax on gains quarterly, applicable to both individuals and companies, residents and non-residents. Transaction service providers are subject to a 0.03% tax, and investors on unlicensed platforms must declare gains annually.
The president would have the authority to adjust the withholding tax between 0% and 20%, depending on factors such as token type, holding period, issuer, or wallet type. Exemptions include VAT-free crypto deliveries and corporate tax changes for foundation university hospitals from 2027.
If approved, the crypto taxation provisions would take effect two months after publication, signalling Turkey’s first formal steps to regulate digital assets and integrate them into the national tax system.
Would you like to learn more about AI, tech and digital diplomacy? If so, ask our Diplo chatbot!
South Korea’s finance minister, Koo Yun-cheol, has pledged urgent reforms to how government agencies manage digital assets following high-profile failures in state custody.
Recent incidents revealed that police and tax authorities mishandled seized cryptocurrency, highlighting weaknesses in oversight and security practices. Authorities will review current management methods and implement measures to prevent future losses.
Operational risks around securing crypto in public institutions have become increasingly apparent. A notable case involved Seoul police in Gangnam losing access to 22 BTC, worth around $1.4 million, after failing to retain private keys and allowing a third-party firm to manage the assets.
Prosecutors are now investigating potential bribery linked to the case.
The government says it holds only digital assets acquired through lawful enforcement, such as seizures for unpaid taxes or criminal cases. The reforms aim to strengthen security, improve operational controls, and restore confidence in the public sector’s handling of crypto amid growing scrutiny.
Would you like to learn more about AI, tech and digital diplomacy? If so, ask our Diplo chatbot!
The German banking giant has applied for a digital asset custody licence from BaFin, marking a significant step in its expansion into cryptocurrency services. The move positions Deutsche Bank to offer safekeeping solutions for clients seeking exposure to digital assets.
Plans form part of a broader strategy to build a dedicated digital assets division, according to David Lynne, a commercial banking executive. DWS Group’s initiatives highlight rising institutional interest in crypto partnerships in Germany.
Previous experimentation includes a tokenised investment platform developed in Singapore with Memento Blockchain, enabling access to digital asset funds through fiat on-ramps.
Activity mirrors wider domestic momentum, as Deutsche WertpapierService Bank has already launched crypto infrastructure linking traditional and digital accounts.
Regulatory clarity and growing client demand appear to be key drivers, with Deutsche Bank signalling a cautious yet deliberate approach to integrating cryptocurrencies into its mainstream banking services.
Would you like to learn more about AI, tech and digital diplomacy? If so, ask our Diplo chatbot!
Roughly $500 billion has been wiped from the cryptocurrency market over the past week as a Bitcoin-led sell-off accelerated. Total digital asset capitalisation fell by about $467.6 billion since 29 January, reflecting broad risk-off sentiment across global markets.
Bitcoin briefly dropped to a 15-month low of $72,877 before rebounding 1.31% to $76,681.72. The asset remains down 13% year-to-date and nearly 39% below its October peak above $126,000, underscoring sustained selling pressure.
Macro forces are driving the downturn. Escalating US-Iran tensions pushed capital toward traditional safe havens, while currency shifts, interest rate differentials, and tightening liquidity conditions weighed on leverage and stablecoin flows.
Analysts say the decline reflects positioning resets and broader market nervousness rather than a single catalyst.
Near-term outlook remains cautious. Liquidation pressure persists, though key structural supports continue to hold. Technical analysts identify $73,000 as critical downside support, while reclaiming the $77,500–78,000 range would be needed to restore bullish momentum.
Would you like to learn more about AI, tech and digital diplomacy? If so, ask our Diplo chatbot!
Financial Conduct Authority research shows UK crypto ownership has declined even as Bitcoin prices surged. Adult participation fell from 12% in 2024 to 8% in the latest survey, equal to about 4.6 million people, although levels remain double those recorded in 2021.
A closer look suggests consolidation rather than collapse. Investors who stayed in the market are committing more capital, with higher-value portfolios becoming more common as retail activity gives way to institutional demand and Bitcoin ETF inflows.
Participants’ knowledge levels are improving. The regulator notes that active investors are more risk-aware and better informed, with ownership skewed towards men aged 18–34 from higher-income demographics and ethnic minority backgrounds.
Bitcoin retains the strongest recognition at 79%, while 57% of current investors hold BTC, a gradual year-on-year increase. Ether ownership stands at 43%, Dogecoin appears in 20% of portfolios, and awareness of newer altcoins remains limited, according to CoinMarketCap.
Stablecoin recognition has risen to 53%, reflecting broader discussion around payments and regulation.
Would you like to learn more about AI, tech and digital diplomacy? If so, ask our Diplo chatbot!
UK banks are blocking or delaying close to 40% of payments to cryptocurrency exchanges, sharply increasing customer friction and slowing market growth, according to a new industry report.
Around 80% of surveyed exchanges reported rising payment disruptions, while 70% described the banking environment as increasingly hostile, discouraging investment, hiring, and product launches in the UK.
The survey of major platforms, including Coinbase, Kraken, and Gemini, reveals widespread and opaque restrictions across bank transfers and card payments. One exchange reported nearly £1 billion in declined transactions last year, citing unclear rejection reasons despite FCA registration.
Several high-street and digital banks maintain outright blocks, while others impose strict transaction caps. The UK Cryptoasset Business Council warned that blanket debanking practices could breach existing regulations, including those on payment services, consumer protection, and competition.
The council urged the FCA and government to enforce a risk-based approach, expand data sharing, and remove unnecessary barriers as the UK finalises its long-term crypto framework.
Would you like to learn more about AI, tech and digital diplomacy? If so, ask our Diplo chatbot!
Russia is moving to integrate cryptocurrency into everyday finance as lawmakers prepare a bill to allow retail participation under clear limits. The draft would remove crypto from special regulation, signalling broader adoption for the public.
Under the proposed framework, non-qualified investors would be able to buy crypto up to 300,000 rubles, roughly $3,800. Officials emphasise that these limits aim to prevent excessive speculation while providing controlled exposure to digital assets.
The move marks a significant change after years of tight restrictions and cautious oversight from financial authorities.
The legislation is designed with international use in mind, allowing tokens issued in Russia to participate in foreign markets and supporting cross-border settlements. Policymakers aim to integrate crypto into the economy while protecting retail investors.
Regulators, including the Bank of Russia and the Finance Ministry, continue to stress the importance of risk management. Limits and risk checks will ensure retail crypto use remains secure.
Would you like to learn more about AI, tech and digital diplomacy? If so, ask our Diplo chatbot!
The Central Bank of Russia has introduced a detailed proposal aimed at bringing cryptocurrencies under a unified regulatory framework, marking a significant step towards formal legal recognition of digital assets.
Under the proposal, both qualified and non-qualified investors would be permitted to purchase cryptocurrencies. Investor status would be determined by factors such as education, professional background, income level, and asset holdings.
Non-qualified investors would be restricted to buying up to 300,000 roubles worth of crypto per year through authorised intermediaries.
Digital currencies and stablecoins would be classified as currency values under Russian law, yet their use as a means of payment for goods and services would remain prohibited. The framework maintains the state’s long-standing opposition to domestic crypto payments.
Russian residents would also gain the right to purchase and transfer crypto assets abroad, provided such transactions are reported to the Federal Tax Service. The central bank aims to finalise the legislative groundwork by 1 July 2026.
Would you like to learn more about AI, tech and digital diplomacy? If so, ask our Diplo chatbot!
The UK government has announced plans to bring cryptoassets firmly within the regulatory perimeter, aiming to support innovation while strengthening consumer protection and attracting long-term investment into the sector.
From 2027, cryptoasset firms will be regulated by the Financial Conduct Authority under rules similar to those governing traditional financial products, such as stocks and shares. The move is intended to provide legal clarity and increase confidence among consumers and businesses.
Ministers say that proportionate regulation will support innovation, ensure competitive markets, and strengthen the UK’s position as a global hub for digital assets. Enhanced oversight will boost transparency, aid sanctions enforcement, and help detect and tackle illicit activity.
The initiative forms part of a broader strategy to shape global crypto standards, including ongoing cooperation with the United States through the Transatlantic Taskforce, as the UK seeks to secure its role in the future of digital finance.
Would you like to learn more about AI, tech and digital diplomacy? If so, ask our Diplo chatbot!
