Crypto Regulation News

A National Assembly petition seeking a two-year delay to South Korea’s virtual asset taxation has surpassed 32,000 signatures. The petition needs 50,000 signatures by September 20 to be referred to the relevant standing committee, meaning about 18,000 more are required. The petition argues that implementing the tax could reduce exchange revenue and weaken related corporate tax income.

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South Korea’s tax authority said overseas crypto accounts must be reported even when the related exchange has entered bankruptcy and assets are being handled through creditor distribution. Under the international tax adjustment law, residents and domestic corporations must report overseas financial accounts if balances exceed 500 million won on any day in the final month of the year. Digital assets became reportable from 2023.

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The National Sheriffs’ Association has reportedly dropped its opposition to the CLARITY Act and moved to a neutral stance, easing one law enforcement hurdle for the crypto market-structure bill. The group had previously warned that parts of the bill could weaken efforts to fight illicit finance. The shift could improve the bill’s momentum ahead of expected Senate action later this month.

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Australia’s ASIC has warned digital asset firms to apply for required financial services licences before the September 30 deadline or risk serious penalties. The regulator said unlicensed conduct could trigger civil and criminal action, including fines of up to 10% of annual turnover. ASIC said more than 45 digital asset-related licence applications have been recorded since its updated guidance in October 2025.

G20 finance leaders are pushing for clearer regulatory pathways for digital assets as part of a broader agenda on innovation and cross-border payments. The Chair’s Statement said countries should support responsible digital finance while managing stability risks and international challenges. The language points to growing recognition that crypto and tokenized finance are becoming part of mainstream financial policy discussions.

UAE businesses are facing a tighter compliance calendar as e-invoicing preparations move forward alongside the September 30 corporate tax deadline. The Ministry of Finance says e-invoicing will apply to structured invoice data exchanged electronically between suppliers and buyers, with reporting to the Federal Tax Authority. The system is designed to reduce manual processing, support VAT compliance, and improve real-time tax visibility.

Thailand’s SEC has opened a public consultation on draft rules to implement the crypto Travel Rule for digital asset businesses. The proposal would require operators to collect and transmit originator and beneficiary information for digital asset transfers, strengthening AML and counter-terrorist financing oversight. The consultation reflects Thailand’s effort to align crypto supervision with international FATF standards.

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Ireland’s new tax-incentivized investment accounts will allow shares, bonds, and ETFs, but not crypto assets or derivatives. The plan is designed to move more household savings out of cash and into investment products that can support long-term wealth and European capital markets. The government also said the 38% deemed disposal tax on investment funds will not apply to these state-backed accounts.

Vietnam is bringing several new policies into force in September, covering digital public services, foreign trade, labor compliance, commodity exchanges, and cottage industry zones. The updates include rules on VNeID-linked social security payments, land plot identification codes, ID cards for children under six, and penalties for foreign worker reporting violations. The changes reflect Vietnam’s push to modernize administration while tightening business compliance.

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Sberbank expects Russia’s legalised crypto trading market to start at around 3.5 trillion to 4 trillion rubles annually, based on conservative estimates from SberCIB Investment Research. Anatoly Popov said this would represent only part of the country’s broader crypto transaction activity, as some users may continue using exchange services outside formal exchange trading. The market could rise to 7.5 trillion rubles by 2029.

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