#CryptoMarketWatch CryptoMarketWatch
Binance has not announced any recent internal policy shifts regarding Bitcoin. However, several external developments are influencing the broader cryptocurrency landscape:
China's Stance on Bitcoin: Rumors about China potentially lifting its 2021 Bitcoin ban have circulated, but recent data suggests that the likelihood of such a reversal by March 31, 2025, has decreased significantly.
U.S. Federal Reserve's Monetary Policy: The Federal Reserve's hawkish stance has impacted Bitcoin's price dynamics. In December 2024, Bitcoin experienced a decline, nearing $95,000, following the Fed's policy shift.
Kenya's Move Towards Legalization: Kenya is preparing to legalize cryptocurrency, marking a significant shift from its previous prohibition. This move aims to regulate the widespread underground use of digital currencies in the country.
India's Regulatory Reevaluation: India is reconsidering its cryptocurrency policies, with a consultation paper on crypto regulations expected by March 2025, reflecting a global shift in regulatory approaches.