Crypto
South African Crypto Investors and Service Providers Told of Legal and Tax Implications of Central Bank’s Plan – Regulation Bitcoin News
South African tax consultancy agency Tax Consulting SA, has stated the current announcement by the central financial institution — that may begin to regulate cryptocurrency in 12 to 18 months — has authorized and tax implications for each crypto traders and organizations offering middleman providers. The agency, nevertheless, says the South African Reserve Financial institution (SARB) “is not going to intervene within the funding selections made by crypto traders.”
Intermediaries Should Register as Monetary Providers Suppliers
In response to a South African tax consultancy agency, Tax Consulting SA, current revelations by the central financial institution deputy governor that his establishment intends to manage cryptocurrency in 12 to 18 months, means cryptos “will quickly be regulated underneath the Monetary Advisory and Middleman Providers (FAIS) Act.” This, due to this fact, means all organizations or people deemed to be offering middleman or advisory providers will probably be required to register as monetary providers suppliers with related our bodies.
In a report shared with Bitcoin.com Information, Tax Consulting SA predicts that as the following step, SARB will introduce know your buyer (KYC) procedures and alternate management rules. The consulting agency is, nevertheless, fast to level out that the South African Reserve Financial institution (SARB) “is not going to intervene within the funding selections made by crypto traders.”
As an alternative, the central financial institution will subject the so-called “well being warnings” and supply enough safety to traders who’re vulnerable to shedding every thing. Whereas acknowledging that the SARB has not outlawed cross-border crypto buying and selling and funding, the consulting agency insists that traders will nonetheless have to stick to sure reporting requirements.
Tax Implications
The tax agency’s report within the meantime warned of potential tax implications that will come up which crypto traders should concentrate on. The report states:
One other concern will probably be in relation to tax compliance, for instance, as tax evasion will probably be rather more simply detectable with transactions falling underneath the purview of the SARB’s Monetary Intelligence Centre (FIC).
As soon as the regulatory framework is in place, non-compliance will probably be simpler to identify and at that time, South Africa’s “wild west” crypto trade will probably be a factor of the previous, the report concludes. Tax Consulting SA additionally warns that in this era previous to the introduction of the regulatory regime, “crypto traders [need] to make sure that they’re updated with their compliance obligations.”
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Crypto
Which Crypto To Buy Right Now? 10 Best Cryptocurrency Coins For 2025
As Ripple’s XRP ongoing legal troubles continue to keep traders on edge, Polkadot (DOT), Ethereum (ETH), Ethena (ENA), and Cardano (ADA) remain steady. Meanwhile, Injective (INJ), Optimism (OP), Uniswap (UNI), and Tron (TRX) show mixed signals in trading activities. In the middle of all this, whispers of a new market disruptor are growing louder—JetBolt (JBOLT), making headlines with its blazing presale and zero-gas technology. With over 250 million JBOLT tokens already sold, JetBolt’s momentum is undeniable.
With everything from groundbreaking ecosystems to cross-chain powerhouses, the question remains: which crypto to buy right now? Would established crypto coins or rising blockchain superstars dominate 2025? Let’s explore why JetBolt, Polkadot, XRP, Ethereum, Ethena, Optimism, Injective, Uniswap, Cardano, and Tron are the 10 best cryptocurrency coins for 2025.
Which Crypto To Buy Right Now? A Quick List
- JetBolt (JBOLT): Surging new altcoin empowering gas-free transactions, AI intelligence and staking.
- Ethena (ENA): Redefining stablecoins with decentralized innovation.
- Optimism (OP): Scaling Ethereum with lightning-fast rollups.
- Injective (INJ): Unlocking limitless decentralized trading possibilities.
- Uniswap (UNI): Revolutionizing DeFi through seamless token swaps.
A Deep Dive Into the 10 Best Cryptocurrency Coins For 2025
- JetBolt (JBOLT)
JetBolt (JBOLT) is shaking up the crypto world, skyrocketing its way onto traders’ radar as one of the 10 best cryptocurrency coins for 2025 to buy right now. The buzz? Zero gas fees. JetBolt’s game-changing tech, built on the Skale Network, eliminates gas fees entirely, delivering lightning-fast, gas-free transactions that are already turning heads across the crypto space.
This revolutionary feature could also supercharge creativity. Developers can now launch and create dApps, SocialFi platforms, and blockchain gaming ventures without worrying about skyrocketing gas fees holding back innovation.
But that’s not all—JetBolt goes beyond just being another zero-gas token. With an AI-driven crypto tool delivering the latest crypto news and market data straight to its platform, JetBolt is showcasing how blockchain technology and artificial intelligence can go hand-in-hand to add a new functionality to crypto.
Turning it up a notch, JetBolt’s easy-to-earn staking mechanism turns ordinary staking into an electrifying experience. With its sleek, user-friendly Web3 wallet, joining is as effortless as a few clicks. And the twist: staking isn’t just about locking in tokens—it’s about active participation. Engage within the ecosystem and stakers earn even more rewards.
Meanwhile, JetBolt’s presale numbers don’t lie. Over 250 million JBOLT tokens have already been scooped up, with whales diving in to secure their piece of this zero-gas action. In addition, JetBolt’s Alpha Boxes, an exclusive presale perk that boosts batch token purchases by up to 25%, have been flying off the shelves, creating a frenzy that shows no signs of slowing down.
In a world where high gas fees and slow transactions plague most blockchains, JetBolt delivers something truly revolutionary. With every cutting-edge feature thoughtfully designed to resonate with modern and future crypto users, JetBolt quietly sets the bar higher for what blockchain networks can deliver—blending innovation and ease of use into a whole new crypto experience.
- Polkadot (DOT)
Polkadot (DOT) has dropped over 5% in the past week to $6.71 amid $1.23 million in long liquidations. Despite the dip, its advanced parachain technology and expanding ecosystem position Polkadot as a key player in 2025’s multichain future, with crypto analysts targeting $20 soon.
- Ripple (XRP)
Ripple’s (XRP) price holds at $2.34 with a $134.48 billion market cap. Crypto analysts anticipate a $3 breakout, driven by Ripple’s renewed U.S. expansion amid regulatory optimism under Trump. Its focus on blockchain-based CBDC solutions positions XRP as a key player for 2025.
- Ethereum (ETH)
Ethereum (ETH) trades at $3,319.97 following a 10% drop after the Foundation’s 100 ETH sale. Key support stands at $3,061, with resistance at $3,500. Despite short-term bearish momentum, Ethereum’s dominance in DeFi, staking, and upcoming Danksharding upgrade makes it a top contender for 2025.
- Ethena (ENA)
Ethena (ENA) faces bearish momentum, trading at $0.9295 with a $2.81 billion market cap. The Death Cross and oversold RSI signal risks, though possible rebounds could push Ethena toward $1.01.
Meanwhile, Trump’s World Liberty Financial putting in millions in Ethena has fueled bullish sentiment, signaling growing institutional interest. This strategic move could boost ENA’s credibility and adoption, providing holders possible stability and long-term value.
X posts by Panos highlight Trump’s World Liberty Financial purchasing millions of dollars in Ethena (ENA)
In addition, its unique stablecoin protocol expansion strengthens Ethena’s DeFi appeal, further establishing it as one of the top picks for 2025.
- Optimism (OP)
Optimism (OP) trades at $1.79 with a $2.41 billion market cap. Despite recent bearish sentiment, its Bedrock upgrade, reducing transaction costs by 40%, positions Optimism as a key Ethereum Layer 2 solution. Crypto analysts eye $2.20 resistance and possible $3.00 targets for OP.
- Injective (INJ)
Injective (INJ) is now priced at $21.18 with key support at $22 and resistance near $26. A breakout from its descending channel hints at possible bullish trajectories. Injective’s unique focus on decentralized derivatives trading and cross-chain liquidity positions it among 2025’s top cryptocurrencies.
- Uniswap (UNI)
Uniswap (UNI) struggles with a 0.33% daily dip, trading at $12.99 with a $7.8 billion market cap. Despite bearish trends, its innovative decentralized exchange model and Layer 2 scaling solutions could drive renewed interest, positioning UNI as a top 2025 contender.
- Cardano (ADA)
Cardano (ADA) now trades at $0.9286 with a $32.67 billion market cap. Crypto analysts predict a price range of $1.50 to $2.50 in 2025, depending on key support levels and market sentiment. Cardano’s Hydra upgrade pledges scalability, boosting adoption across decentralized applications.
- Tron (TRX)
Tron (TRX) is holding just a little above key support at $0.245, currently pinned at $0.2463. A possible breakout above $0.2700 could push TRX’s prices toward $0.40. Recent partnerships and its ISO 20022 integration further position Tron as a top blockchain for institutional adoption.
What is the best crypto to buy right now in 2025?
While nothing in crypto is ever guaranteed, JetBolt (JBOLT) stands out as one of the top choices for the best cryptocurrency coins to buy right now. With its zero-gas technology, crypto-earning staking model, and AI-powered functionality, JetBolt is leading the way in redefining user-friendly blockchain experiences. JetBolt’s ongoing presale success—with whales already snapping up over 250 million JBOLT tokens—also signals growing excitement around its ecosystem.
What are the 10 best cryptocurrency coins for 2025?
Based on recent price movements and market insights, here are the top 10 best cryptocurrency coins for 2025:
- Ethereum (ETH)
- Cardano (ADA)
- JetBolt (JBOLT)
- Tron (TRX)
- Polkadot (DOT)
- Ripple (XRP)
- Uniswap (UNI)
- Injective (INJ)
- Optimism (OP)
- Ethena (ENA)
This list of the best cryptocurrencies to buy right now for 2025 include coins with strong ecosystems, utility, and continued development.
In Summary: 10 Best Cryptocurrency Coins to Watch for 2025
Major crypto names like Ethereum (ETH), Ripple’s XRP, Cardano (ADA), and Polkadot (DOT) remain dominant, but breaking news highlights JetBolt’s (JBOLT) presale success and groundbreaking innovations as whale activity surges. Meanwhile, Ethena (ENA), Optimism (OP), Injective (INJ), Uniswap (UNI), and Tron (TRX) also make the list with key developments and strong ecosystems driving interest. Whether through staking rewards, blockchain scalability, or decentralized applications, these cryptocurrency coins deliver unique propositions worth following closely in the coming months.
Explore JetBolt’s game-changing technology and seize the presale excitement by visiting:
JetBolt’s Official Website: https://jetbolt.io/
JetBolt on X: https://x.com/jetboltofficial
Please note that this write-up is not financial advice. Remember that all cryptocurrencies are volatile. Always do your research and consult experts before navigating the unpredictable world of digital assets. No future performance is ever guaranteed, so always exercise caution.
Crypto
U.S. Senate to Launch Cryptocurrency Subcommittee, Lummis Tapped as Chair
The U.S. Senate Banking Committee, under the leadership of Senator Tim Scott (R-S.C.), is poised to establish a dedicated cryptocurrency subcommittee to advance discussions on digital asset regulation and industry oversight, according to a report by Fox News.
The formation of this subcommittee, modeled after a similar House panel created in 2023, marks a pivotal step toward a more structured approach to crypto legislation at the federal level.
A Senate aide told Fox News that Wyoming Senator Cynthia Lummis, a staunch advocate for cryptocurrency, is the tentative choice to chair this groundbreaking panel. The selection of Lummis, pending a committee vote next Thursday, signals a shift in the Senate’s approach to digital assets. Alongside her nomination, the subcommittee members, representing both Republican and Democratic sides, will also be finalized through the same voting process.
Lummis, known for her vocal support of Bitcoin, has described the asset as “freedom money” and has advocated for its potential to hedge against inflation and enhance financial independence.
She previously proposed a plan for the US to acquire a significant stake in the total Bitcoin supply through a 1-million-unit purchase program over a set period. “Establishing a strategic Bitcoin reserve to bolster the U.S. dollar with a digital hard asset will secure our nation’s standing as the global financial leader for decades to come,” Lummis said at the time.
Her leadership could steer the subcommittee toward developing a more balanced regulatory framework, fostering innovation while ensuring market integrity.
Senator Tim Scott first hinted at the possibility of forming a crypto-focused subcommittee during the Wyoming Blockchain Symposium last August. “Wouldn’t it be kind of cool if we had a subcommittee on the Banking Committee… so that we bring more light to the conversation, more hearings on the industry, so that we get things done faster?” Scott remarked, highlighting his vision for streamlined legislative action.
This move comes as Scott replaces outgoing Chair Senator Sherrod Brown (D-Ohio), who maintained a more critical stance on cryptocurrency. Brown frequently called for stricter oversight, citing concerns about crypto’s role in enabling illicit activities and circumventing sanctions. The change in leadership, coupled with the creation of a dedicated subcommittee, could lead to a friendlier regulatory environment for digital assets under the new administration.
Notably, the subcommittee will include other crypto-friendly lawmakers such as Senator Bill Hagerty (R-Tenn.) and newly elected Senator Bernie Moreno (R-Ohio), both vocal supporters of blockchain technology and cryptocurrency. Moreno, who defeated Brown in the November elections, has vowed to champion crypto-friendly policies in the Senate.
Crypto
Man pleads guilty in failed ransom plot that may have been linked to $240M crypto heist
HARTFORD, Conn. — A Florida man pleaded guilty Thursday in connection with the carjacking and kidnapping of a Connecticut couple, in what authorities called a failed ransom plot that may have been linked to a $240 million cryptocurrency heist.
Michael Rivas, 19, of Miami, was one of six men arrested after a series of events in Danbury on Aug. 25. He pleaded guilty to kidnapping and conspiracy charges in federal court in Hartford. Two others are expected to enter similar pleas in the same court on Friday.
The couple were driving in a new Lamborghini SUV when the suspects forced them out of the SUV, assaulted them, put them in a van and bound them, police said. Witnesses immediately alerted police. Four of the men were arrested after abandoning their vehicles including the van and fleeing on foot, while the other two were later taken into custody at a nearby home the group had rented through Airbnb, authorities said. The couple were injured but survived the ordeal.
Rivas, dressed in a tan prison uniform with his legs shackled during the hearing, apologized for his actions. He said it was a “dumb” decision to help one of his co-defendants carry out what he called a “vendetta.” He did not elaborate.
His lawyer, Brian Woolf, said Rivas accepted a co-defendant’s invitation to take part in the plot with the hope of getting a share of the ransom money, and he regrets that decision.
The plot was hatched because the suspects “believed the victims’ son had access to significant amounts of digital currency,” and they planned to demand a ransom from the son to be paid in digital currency,” according to a federal indictment.
Just a week earlier, at least two thieves had stolen $240 million worth of Bitcoin in an elaborate scam over the internet and by phone, and then went on an indulgent spending spree on cars, mansions, travel, jewelry and nights out at clubs, authorities said.
Publicly, federal prosecutors and agents have not definitively linked the kidnapping to the Bitcoin theft. Officials have declined to comment on possible connections between the two cases including how the six suspects knew the couple’s son had a large amount of digital currency.
But federal agents told Danbury police that the FBI was looking into whether the couple’s son was involved in the Bitcoin theft, Danbury Detective Sgt. Steven Castrovinci told The Associated Press. Neither Danbury police nor federal authorities have named the couple or their son.
Assistant U.S. Attorney Ross Weingarten declined to comment after Thursday’s court hearing.
In mid-September, federal prosecutors announced that the two men, Malone Lam, 20, and Jeandiel Serrano, 21, had been indicted on charges of conspiracy to commit wire fraud and conspiracy to launder monetary instruments in connection with the cryptocurrency theft.
Court documents say unnamed coconspirators were in on the scam with the two men. Their lawyers have not responded to requests for comment.
Prosecutors said in court documents that Lam, Serrano and the unnamed coconspirators posed as technical support staff for Google and a cryptocurrency exchange while contacting the victim of the theft with an offer to help him with a supposed security breach.
The victim, from Washington, D.C., believed them and gave them remote access to his computer on Aug. 18. That resulted in the alleged thieves making off with more than 4,100 Bitcoin, then valued at more than $240 million, prosecutors said. That amount of Bitcoin is now worth nearly $380 million.
According to prosecutors, Serrano, of Los Angeles, admitted during an interview with federal investigators that he used the stolen currency to buy three automobiles, worth more than $1 million in total, as well as a $500,000 watch. He also said he had about $20 million of the victim’s currency and agreed to transfer the funds to the FBI, authorities said.
Meanwhile Lam, a citizen of Singapore who had addresses in Los Angeles and Miami, Florida, was spending hundreds of thousands of dollars a night at Los Angeles night clubs and acquiring custom Lamborghinis, Ferraris and Porsches, prosecutors said. He also was renting two Miami mansions, bought a $2 million watch and had a Lamborghini Revuelto worth more than $1 million.
Federal prosecutors said in court documents that at least $100 million of the stolen funds remained missing.
Exactly a week after the crypto theft, the couple from Danbury, a city of more than 80,000 people along the New York border, were forced out of their SUV in their hometown after one of the carjackers’ vehicles rear-ended them and two other vehicles surrounded them. The group assaulted the man with a baseball bat and dragged the woman by her hair as they put them in the van, where the couple were bound with duct tape, police said.
“I’m deeply remorseful for my irresponsible behavior,” Rivas told U.S. District Judge Sarala Nagala on Thursday. “I should have known better.”
“This is not what my parents taught me growing up,” he added.
Rivas and the other five men also are facing kidnapping and assault charges in Connecticut state court. The other men are also from Florida.
Sentencing was set for May 13. The prosecution and defense agreed on sentencing guidelines that call for about 11 to 14 years in prison.
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