Crypto Regulation

Highlights: South Korea plans to submit a stablecoin bill in October as part of its digital asset framework expansion plan. Major banks and tech firms have voiced support for the stablecoin initiative to build a secure won-pegged stablecoin. The FSC […]

Highlights: Jeju City cracks down on tax evaders by seizing crypto from 49 residents holding $165000 in hidden assets. Authorities in Jeju reviewed 2962 residents with tax arrears totaling $14.2 million and confirmed hidden crypto holdings. South Korean cities like […]

Highlights: Czech police have arrested a darknet founder linked to a Bitcoin donation tied to a political scandal in Prague. The Justice Minister’s resignation followed a Bitcoin gift from convicted darknet marketplace operator Tomas Jirikovsky. Authorities are focusing on money […]

Highlights: New York has introduced a crypto bill with a 0.2% tax to fund school programs focused on substance abuse prevention. The proposed tax will apply to all cryptocurrency and NFT transactions starting September 1 if it becomes law. Revenue […]

Highlights: SFC sets strict custody standards for crypto exchanges after global breaches. Licensed platforms must improve wallet systems and transaction controls. The rules aim to secure Hong Kong’s role in the global crypto market. Hong Kong’s Securities and Futures Commission […]

Highlights: HashFlare founders have been sentenced to time served and ordered to pay fines. Prosecutors have called the case the largest fraud trial in Seattle history. Authorities will release details on how victims will receive compensation from seized assets. HashFlare […]

Highlights: Do Kwon has pled guilty to two counts in his court case after extradition. The failure of TerraUSD caused losses and triggered criminal and civil charges. Kwon faces sentencing in December after joining other crypto leaders with serious convictions. […]

Highlights: Elizabeth Warren warns crypto regulation could put the U.S. economy at risk. She calls for a ban on lawmakers trading cryptocurrencies. Warren urges strict safeguards against illicit finance and corruption. Senator Elizabeth Warren has once again urged the tightening […]

Highlights: Ukraine has ruled out crypto as legal tender and has set strict rules to protect monetary stability. NBU plans a pilot with global banks to test its use in Ukraine’s national payment systems. Lawmakers have proposed a bill to […]

Highlights: Hashflare founders are seeking leniency, citing time served in Estonia. Prosecutors are asking the court for a ten-year sentence for both founders. The case has raised questions about the cross-border handling of crypto fraud. HashFlare co-founders Sergei Potapenko and […]

Highlights: India issues crypto tax notices to traders who failed to report earnings from digital asset transactions. The tax department uses data from exchanges and banks to detect unreported crypto income and track all active traders. The CBDT has urged […]

Highlights: Tornado Cash co-founder has been found guilty by a jury of running an unlicensed money business. The jury reached no verdict on two charges but delivered a conviction for the unlicensed money transmitting offense. The crypto community has donated […]