Big news in the world of crypto! The U.S. House of Representatives voted to pass a bill that overturns the SEC’s guidelines that prohibit banks from holding cryptocurrencies. However, President Biden’s administration plans to veto any resolution that affects the SEC’s cryptocurrency policy.

Meanwhile, the Australian Taxation Office is seeking data on 1.2 million cryptocurrency users to combat cryptocurrency tax obligations. Unlike other foreign currencies, cryptocurrencies are taxable assets in Australia.

In South Korea, the ruling Democratic Party is urging the Financial Services Commission to reconsider its stance on Bitcoin ETFs. This comes after the party won the recent election.

Finally, Binance has received approval to offer services in India, becoming the second offshore cryptocurrency exchange to receive regulatory approval after KuCoin. Previously, several foreign cryptocurrency exchanges received non-compliance notices in December 2023.