Crypto Regulation
Russia’s New Bitcoin Reserve Proposal to Counter Global Sanctions
Russia is considering a strategic Bitcoin reserve to fortify its economy against global sanctions and growing international scrutiny. Anton Tkachev, a deputy from the ‘New People’ party in the State...
Hester Peirce Targets ‘Operation Chokepoint 2.0’ with 3 Crypto Fixes
SEC Commissioner Hester Peirce criticized what she referred to as ‘Operation Chokepoint 2.0,’ a regulatory chokehold stifling the crypto industry. In an interview with Fox Business, Peirce outlined three steps...
Crypto Tax Delayed as South Korea Pushes Pro-Investment Reforms
South Korea’s National Assembly will likely approve significant tax law changes during its plenary session on December 10. The proposed amendments include abolishing the financial investment income tax and also...
South Korea’s Financial Overhaul Includes Ending Capital Gains Tax
South Korea’s Democratic Party of Korea (DPK) is moving to abolish the capital gains tax on financial investments, with a decision expected during the National Assembly’s final regular session on...
David Sacks Joins Call to Investigate Operation Choke Point 2.0
David Sacks, the newly appointed White House Crypto Czar, has joined calls to investigate Operation Choke Point 2.0, highlighting its potential harm to the crypto industry. Sacks voiced his concerns...
Yellen Pushes for Stablecoin Oversight as Financial Risks Mount
U.S. Treasury Secretary Janet Yellen has renewed her call for stricter regulation of crypto assets and stablecoins, citing the need to address vulnerabilities in the financial system. Speaking at the...
Solana ETFs Face SEC Pushback as Market Waits for 2025 Changes
The U.S. Securities and Exchange Commission (SEC) announced it will reject the 19b-4 filings for Solana ETFs submitted by two of the five applicants. According to Fox Business journalist Eleanor...
Trump’s AI and Crypto Czar: What David Sacks Brings to the Role
US President-elect Donald Trump has named David Sacks, former PayPal chief operating officer, as the White House AI and crypto czar. Sacks will lead the administration’s policies on artificial intelligence...
Australia’s Crypto Rules Are Changing—Here’s What to Expect in 2025
Australia’s financial intelligence agency and securities regulator announced an increased review and amended guidelines for crypto-related operations. On December 6, the Australian Transaction Reports and Analysis Centre (AUSTRAC) released a...
Russia Jails Hydra Founder for Life, $5 Billion Darknet Crypto Market Exposed
Stanislav Moiseev, founder of Hydra, has been sentenced to life in prison by the Moscow Regional Court. Hydra, a darknet marketplace and crypto mixer that handled $5 billion in cryptocurrency,...
Ripple CTO Blasts Chokepoint 2.0: ‘A Despicable Evil’ in Crypto Banking
Ripple’s Chief Technology Officer (CTO) David Schwartz criticized “Operation Chokepoint 2.0,” calling it a form of indirect government regulation. Schwartz argues that governments are pressuring banks and financial institutions to...
Taiwan Introduces Tough AML Rules: Crypto Firms Must Register Locally
Taiwan has implemented stringent anti-money laundering (AML) regulations for virtual asset service providers (VASPs), effective November 30, 2024. This change builds on Article 6 of the Money Laundering Prevention Law,...
South Korea’s Crypto Tax Reform Stalls as Parties Debate Timelines
South Korea’s proposed tax regime for crypto-related ventures met a bottleneck when the country’s National Assembly’s Strategy and Finance Committee failed to convene its plenary session. The legislators could not...
FCA Targets 2026 for UK Crypto Regulation as 7 Million Users Drive Demand
The number of UK crypto users has increased significantly over the past two years, prompting regulators to work toward implementing a dedicated crypto regime. Reports indicate that the UK’s Financial...
SEC’s Dealer Rule Struck Down: DeFi Exchanges Safe from Overreach
A U.S. District Court struck down the SEC’s controversial Dealer Rule, declaring it exceeded the SEC’s statutory authority under the Exchange Act. The court sided with the plaintiffs, including key...
South Korea Debates Raising Crypto Tax Exemption to $35,900
In South Korea, a significant development is brewing as the opposition Democratic Party of Korea (DPK) proposes raising the crypto tax exemption to 50 million won (approximately $35,900). The move...
Russia’s New Crypto Tax: 15% on Trading and Mining Income
Russia amended its crypto tax legislation, proposing a 15% tax on income from crypto asset trading and mining. This aligns with the government’s efforts to establish a balanced taxation policy...
Upbit Faces Regulatory Hurdles in South Korea Over KYC
South Korea’s Financial Intelligence Unit (FIU) has uncovered numerous violations of customer verification procedures during its review of Upbit’s license renewal application. Reports indicate that the FIU found between 500,000...
a16z Co-Founders Slam Biden’s Crypto Policies, Back Trump’s Vision
Following Donald Trump’s recent election victory, a16z co-founders Marc Andreessen and Ben Horowitz expressed hope for a more favorable regulatory environment under the new administration. In an interview on Wednesday,...
MakerDAO Backs DeFi Growth With $1 Billion Tokenized Treasury Bet
As discussions around potential U.S. regulatory changes gain momentum, Rune Christensen, co-founder of MakerDAO and Sky Protocol, suggested that the victorious Donald Trump could revolutionize decentralized finance (DeFi). According to...
Binance Files Motion to Dismiss SEC’s Amended Complaint
In the ongoing legal case between Binance, former CEO Changpeng Zhao, and the U.S. Securities and Exchange Commission (SEC), Binance’s legal team has filed a motion to dismiss the SEC’s...
3AC Founder’s Wife Sells $38.5 Million Singapore Mansion Despite Asset Freeze
The wife of the defunct Three Arrows Capital (3AC) founder, Zhu Su, has reportedly sold a mansion in Singapore for S$51 million (US$38.5 million). This sale occurred despite a court...
UK Crypto Community at Risk as Potential Capital Gains Tax Hike Looms
A potential hike in the UK’s capital gains tax rate could negatively impact Britain’s strong five million crypto community. Policy advisor Suzanne Morsfield from CryptoUK expressed concern that raising capital...
South Korea’s Virtual Asset Committee to Tackle Corporate Crypto Investment
South Korea, through its Financial Services Commission (FSC), announced that the newly formed Virtual Asset Committee will hold its first meeting on November 6. As an advisory group, the committee...
Trump Vows to Remove SEC’s Gensler, Supports Pro-Crypto Shift
Former President Donald Trump has publicly pledged to remove current SEC Chair Gary Gensler if he wins the 2024 presidential election, promising to appoint a more crypto-friendly regulator. This decision...
