In a significant development that reflects the dynamic nature of regulatory measures surrounding cryptocurrencies, South Korea’s Democratic Party has opted to delay the imposition of new taxation laws on crypto profits. As observed in a report by the Korean Herald, this decision marks a temporary ceasefire in the ongoing discourse over the governance of digital
Regulation
As Donald Trump assumes the presidency once again, the landscape of cryptocurrency regulation in the United States is poised for transformative shifts. Faryar Shirzad, Coinbase’s chief policy officer, has expressed a strong belief that a swift push towards comprehensive regulation is on the horizon. He highlights a unique convergence of political dynamics: a pro-cryptocurrency president
The cryptocurrency space in the UK continues to exhibit a dynamic trajectory, as highlighted by the recent findings from the Financial Conduct Authority (FCA). This growing interest among the population not only raises questions about the implications of increased ownership but also about the pressing need for regulatory frameworks that could potentially transform this volatile
The financial landscape is undergoing a seismic shift as countries explore the potential of Central Bank Digital Currencies (CBDCs). Among them, Iran stands poised to reshape its banking ecosystem with the introduction of the Digital Rial. This innovative initiative aims to align Iran’s financial framework with the global digital economy while enhancing economic resilience in
In a pivotal move, the Central Bank of Brazil (BCB) has proposed a regulatory framework that fundamentally alters the interaction between centralized exchanges and users concerning stablecoins. This decision, articulated in a recent public consultation notice, marks a significant step in Brazil’s efforts to transition towards a regulated digital finance environment. Centralized exchanges will be
The European Economic Area (EEA) is bracing for significant regulatory changes with the impending Markets in Crypto-Assets (MiCA) framework, set to reshape how digital assets operate within its jurisdictions. The recent announcement by Coinbase to end rewards for USD Coin (USDC) holders in the EEA effective December 1 highlights the swift impact of these regulations
Recent reports highlight a significant potential shift in the regulatory landscape of digital assets in the United States, as the Trump administration, under the guise of broad financial reform, contemplates expanding the authority of the Commodity Futures Trading Commission (CFTC). This pivotal change aims to provide the CFTC with more control over the sprawling $3
In a bid to cement its position as a global financial and cryptocurrency hub, Hong Kong has unveiled a strategic proposal that could revolutionize its investment landscape. As reported by the Financial Times on November 28, the local government is proposing tax exemptions aimed at hedge funds, private equity vehicles, and high-net-worth family offices. This
In a significant move, Russia’s Federation Council has passed extensive amendments to the Tax Code, specifically targeting the burgeoning sector of digital currencies, including Bitcoin (BTC). This legislation, finalized on November 27, marks a pivotal moment in the country’s approach to cryptocurrency regulation. Introduced by Alexander Shenderiuk-Zhidkov, the Deputy Chairman of the Federation Council’s Committee
In the wake of a changing political landscape, President-elect Donald Trump is reportedly leaning towards appointing Paul Atkins as the next chair of the US Securities and Exchange Commission (SEC). This decision, which could significantly reshape regulatory priorities, reflects a broader trend toward deregulation championed by Trump. Atkins, who served as a Republican commissioner during