Recent discussions surrounding the issuance of real-name cryptocurrency accounts for corporations in South Korea have gained significant attention, particularly after reports indicated that a roadmap for their implementation could be announced by the end of December. However, the Financial Services Commission (FSC) has definitively denied these assertions, asserting that no such roadmap has been finalized.
Regulation
In a pivotal decision, South Korea’s Democratic Party has announced a two-year delay in implementing new taxation laws on cryptocurrency profits, reflecting the ongoing discourse surrounding digital asset regulation. This stance, communicated by Democratic Party floor leader Park Chan-dae, signifies a notable shift in legislative tactics as the country continues to grapple with the implications
In a bold assertion during the Investment Forum in Moscow on December 4, Russian President Vladimir Putin heralded Bitcoin and other digital currencies as unstoppable forces in the global economy. His remarks emphasize the potential of these currencies to mitigate financial inefficiencies that plague traditional monetary systems. By positioning Bitcoin as a prospective global reserve
In a recent announcement via Trust Social, President-elect Donald Trump confirmed the nomination of Paul Atkins as the next chairman of the U.S. Securities and Exchange Commission (SEC). This choice positions Atkins, a seasoned expert in financial regulation, to lead the SEC at a crucial time, particularly in regard to the evolving landscape of digital
In the rapidly evolving world of cryptocurrency, regulatory pressures and access to essential banking services remain critical points of discussion. Recently, U.S. Congressman French Hill has intensified the conversation surrounding these issues, signaling potential changes in how cryptocurrency businesses engage with the banking system. Hill’s announcement to conduct a thorough investigation into possible regulatory efforts
The Australian Securities and Investments Commission (ASIC) has announced a public consultation initiative aimed at refining its regulatory approach to cryptocurrencies. As highlighted in an announcement on December 4, ASIC is positioning itself to clarify how various digital assets are classified under existing laws. This proactive stance is an alignment with broader government efforts focused
Grayscale Investments, a prominent player in the cryptocurrency investment landscape, has recently filed with the US Securities and Exchange Commission (SEC) to transform its Grayscale Solana Trust into a spot exchange-traded fund (ETF). This strategic initiative represents a significant step in Grayscale’s effort to broaden its influence in the digital asset market. If sanctioned, the
On December 1, the Missouri Senate introduced Senate Bill 194 (SB 194), which marks a significant legislative response to the burgeoning trend of Central Bank Digital Currencies (CBDCs). The bill intends to prohibit the use of CBDCs as legal tender within the state, signaling a growing skepticism among Missouri lawmakers regarding the implications of such
The position of the Securities and Exchange Commission (SEC) chair is one of significant influence and responsibility, especially during a tumultuous period in the financial sector. With a new administration on the horizon, speculation around who will fill this pivotal role has heated up. Among the names mentioned, Paul Atkins, a former SEC commissioner, has
In a pivotal development for cryptocurrency enthusiasts and investors within the European Economic Area (EEA), Coinbase has announced that it will be halting rewards for holders of USD Coin (USDC) effective December 1. This decision stems from the anticipated implementation of the Markets in Crypto-Assets (MiCA) regulation, which aims to reform the existing framework governing
