The crypto landscape saw major regulatory and corporate moves today. Czech President Petr Pavel has signed a new cryptocurrency law, aligning Czechia’s digital asset framework with the European Union’s Markets in Crypto-Assets (MiCA) regulation. The law simplifies crypto taxation and ensures cryptocurrency firms can access banking services upon passing regulatory licensing. The Czech Cryptocurrency Association (CKMA), which helped shape the bill, noted that once-unthinkable proposals have now gained full legislative backing.

Meanwhile, Telegram is tightening its grip on crypto integrations. The messaging app now mandates that all third-party crypto wallets use TON Connect as the sole wallet connection protocol. This decision comes as part of its exclusive partnership with The Open Network (TON) Foundation. Existing Mini Apps running on other blockchains have until February 21 to migrate assets and smart contracts to TON or face discontinuation. While Telegram’s default Wallet service remains unaffected, the decision has sparked criticism from developers and users invested in alternative blockchain ecosystems.

In corporate crypto developments, Strategy (formerly MicroStrategy) reported a staggering $670.8 million net loss in the fourth quarter of 2024. Despite this, the firm continued its aggressive Bitcoin accumulation, acquiring 218,887 BTC in the quarter. The firm’s total Bitcoin holdings now stand at 471,107 BTC, valued at over $45 billion. Strategy’s revenue saw a minor decline, missing analyst estimates, while operational expenses skyrocketed by nearly 700% due to its ambitious $42 billion “21/21 Plan” for Bitcoin investments.

As regulatory landscapes evolve and companies double down on Bitcoin strategies, the crypto industry remains volatile yet full of transformative developments.