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CZ, Saylor Lose Billions; 75 Nations Share Crypto Tax Data; Iran Sells Arms For Digital Currency
Cryptocurrency's dual nature as both financial innovation and geopolitical tool came into sharp focus this week. Former Binance CEO CZ Zhao and MicroStrategy's Michael Saylor lost billions as Bitcoin tumbled from its $126,000 October peak, highlighting the volatility still plaguing digital assets. Meanwhile, regulatory frameworks tighten globally—the UAE joins 26 countries preparing to exchange crypto tax data by 2028 under the OECD's transparency initiative. On the other side, Iran's defense ministry now reportedly accepts cryptocurrency for ballistic missiles and drones, exploiting digital currencies to evade Western sanctions. As 75 nations move toward tax data sharing and sanctioned states weaponize crypto's borderless nature, the industry faces a critical inflection point between mainstream legitimacy and regulatory crackdown.
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The Smashi Crypto Show (Spotify): aug.us/3Lruqvl
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By Smashi CryptoCryptocurrency's dual nature as both financial innovation and geopolitical tool came into sharp focus this week. Former Binance CEO CZ Zhao and MicroStrategy's Michael Saylor lost billions as Bitcoin tumbled from its $126,000 October peak, highlighting the volatility still plaguing digital assets. Meanwhile, regulatory frameworks tighten globally—the UAE joins 26 countries preparing to exchange crypto tax data by 2028 under the OECD's transparency initiative. On the other side, Iran's defense ministry now reportedly accepts cryptocurrency for ballistic missiles and drones, exploiting digital currencies to evade Western sanctions. As 75 nations move toward tax data sharing and sanctioned states weaponize crypto's borderless nature, the industry faces a critical inflection point between mainstream legitimacy and regulatory crackdown.
Follow us on Instagram: http://aug.us/3WTuhmV
Subscribe to our bi-weekly (Mon Friday) newsletter: http://aug.us/47FMGty
The Smashi Crypto Show (Spotify): aug.us/3Lruqvl