With South Korea approaching a virtual asset tax scheduled to take effect next year or so, confusion in the country’s crypto industry is growing as it remains unclear whether the tax will be delayed.
Policy News
The turbulent aftermath of FTX after the explosion has spread to all corners of the industry over time.
Analysts at Cowen have issued a report warning that the current turmoil in the cryptocurrency market will not end anytime soon, and investors should closely monitor developments as the U.S. government may block Binance’s acquisition of FTX.
The Hong Kong SAR government today issued a policy statement on the development of virtual assets in Hong Kong, hoping to promote the development of the virtual asset industry in Hong Kong.
Hong Kong recently stated that it will embrace digital assets as it seeks to restore its status as a global cryptocurrency hub.
Japanese Prime Minister Fumio Kishida has proposed Web 3.0 as a pillar of economic reform.
SEC Chairman Gary Gensler does not see decentralization as a fact of the cryptocurrency market, despite the fact that digital currencies originated as an attempt to circumvent centralization.
The AppStore updated its review guidelines yesterday to cover reviews of cryptocurrency transactions, crypto wallets, and NFT-related services.
In response to the U.S. CFTC’s draft crypto regulation being uploaded to GitHub, SBF stated that the core goal of the bill is to regulate centralized crypto venues.
Yuga Labs is reportedly facing an investigation by the U.S. Securities and Exchange Commission (SEC) over the legality of its sales of high-value NFT products.
Greg Solano, co-founder of Bored Ape Yacht Club, said: “It’s not surprising that NFTs are getting the SEC’s attention given everything that’s going on.
The Japanese government passed a bill on Friday aimed at strengthening measures to prevent money laundering and cut off terrorist financing.
Hong Kong has made up its mind to compete with Singapore, London, New York and other cities for the status of global crypto financial center and virtual asset center.
A survey report revealed that only 47% of UK banks do not have a policy to allow customers to participate in cryptocurrency exchanges, with most citing security concerns.
Flashbots have been controversial recently, as the technology is believed to threaten Ethereum’s censorship resistance.
At DC Fintech Week, Eun Young Choi, director of the U.S. Department of Justice’s Crypto Enforcement Group, said that crypto mixers are a challenge, but it’s not slowing us down.
Two U.S. senators, Kirsten Gillibrand and Cynthia Lummis, said on Friday that part of a comprehensive cryptocurrency regulation bill could be presented to President Biden for his signature within the next six months.
Bitcoin holders and miners have been selling aggressively in 2022 as the Federal Reserve has sharply tightened monetary policy and pushed investors away from riskier assets such as cryptocurrencies.
The Portuguese government proposed a 28 percent income tax on cryptocurrencies held for less than a year in a draft 2023 budget released on Monday.
Namibia’s central bank, BON, announced that it is now incorporating virtual assets (VAs) and virtual asset service providers (VASPs) into its FinTech innovation regulatory framework in a phased manner.
In a recent interview with Unchained Podcast, FTX CEO Sam Bankman-Fried said that the crypto market remains at the mercy of macro forces.
U.S. Senator Cynthia Lummis spoke about Bitcoin in an interview.
Speaking at the Messari Mainnet conference on Thursday, S&P Global chief DeFi officer Chuck Mounts said institutional capital will flood into cryptocurrencies once regulation is clearer.
Sort out the important historical processes of the crpyto industry in 2022.
U.S. service-sector activity gained momentum in August, signaling to investors that Fed officials could continue to raise interest rates by a massive 75 basis points on Sept. 21.
According to Market Research Future, by 2023, the value of the Web3.0 blockchain technology field will exceed $6 trillion.
Bitcoin’s price has exploded in 2021, topping $60,000 in April and hitting an all-time high of nearly $70,000 in November.
According to Market Research Future, by 2023, the value of the Web3.0 blockchain technology field will exceed $6 trillion, and from 2023 to 2030, Web3.0 will continue to grow at a compound annual growth rate of 44.6%.