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The CEO of Metaplanet, the 'Japanese MicroStrategy', predicted changes in the movements of governments around the world due to the Trump administration's adoption of Bitcoin (BTC) as a strategic asset, through an interview with foreign media on the 31st. He claimed that President-elect Trump was elected with the strong support of the Bitcoin community, and that he will adopt Bitcoin as a strategic asset of the US government. He further explained that, due to the influence of the US government, various countries around the world, led by Japan, will begin to accumulate Bitcoin as a strategic asset.
2. US Bitcoin Spot ETF Turns Net Inflow on the Last Day of 2024
Bitcoin spot exchange-traded funds (ETFs) in the US recorded net inflows as they closed out the year on December 31, 2024. According to data from financial data platform Factside Investor, US Bitcoin spot ETFs recorded net outflows of $702 million on the 30th, but achieved net inflows of $5.3 million on the 31st.
3. Interim Syrian Government Explores Legalizing Bitcoin
The interim Syrian government, on the verge of ending the civil war, is reportedly exploring the adoption of a bill that aims to utilize Bitcoin for the purpose of rebuilding the Syrian economy. According to the bill made public by the interim Syrian government, it plans to legalize Bitcoin trading and mining within the country, and also pursue the digitization of the Syrian Pound.
4. China Revises Foreign Exchange Law, Strengthens Cryptocurrency Trading Supervision
The Chinese government has announced that it will revise the foreign exchange law to implement stricter monitoring regulations on cryptocurrency trading within the country, with the aim of preventing illegal capital outflows. According to an announcement by China's State Administration of Foreign Exchange (SAFE), under the new foreign exchange law, banks and financial institutions in China will be required to report their cryptocurrency-related activities to the authorities in a more stringent manner than before. SAFE stated that it will review the financial records of banks and financial institutions to track cryptocurrency transfers that circumvent capital controls.
Reporter Kwon Seung-won ksw@blockstreet.co.kr
