Regulation news · Page 38
South Korea to Implement 22% Cryptocurrency Tax Starting January 2027
South Korea's long-delayed 22% crypto tax on investment gains is confirmed to launch on January 1, 2027, following the finalization of its tax reform package.
Tyler Williams Departs Treasury as CLARITY Act Faces Legislative Hurdles
Tyler Williams exits the U.S. Treasury amid struggles to advance the CLARITY Act, a key crypto regulation initiative led by Secretary Scott Bessent.
Mastercard Acquires BVNK to Enhance Blockchain Payment Systems
Mastercard's acquisition of BVNK enhances its capabilities in stablecoin payments, integrating blockchain technology into its global financial network.
Bitwise Proposes NRR Ticker for NEAR ETF in SEC Submission
Bitwise announces NRR as ticker for its proposed NEAR ETF, detailing its SEC filing, structure, and staking strategy for the potential market launch.
BlackRock Expands Blockchain Efforts with Launch of Two Tokenized Money Market Funds
BlackRock launches two tokenized funds, BSTBL and BRSRV, enhancing blockchain-based cash management and expanding real-world asset strategies.
South Africa Heads Towards Crypto Regulation with New Reporting Requirements for Global Transfers
South Africa proposes new rules for cross-border crypto transfers, requiring reporting to the central bank and authorized service providers for compliance.
Robinhood Gathers UK Crypto Registration as Nation Prepares for Regulatory Overhaul
Robinhood secures FCA crypto registration in the UK, enabling it to offer crypto services ahead of new regulatory changes expected in 2027.
Bitget Announces Exit from Japanese Market Amidst Ongoing Regulatory Challenges
Bitget is ceasing cryptocurrency services for Japan residents following regulatory warnings, halting new registrations and imposing account restrictions by November.
Bithumb Plans for IPO by 2028 Amid Governance Enhancements
Bithumb aims for a 2028 IPO, focusing on governance, financial reporting upgrades, and stronger compliance to enhance transparency and trust.
Anchorpoint Financial Delays Launch of HKDAP Stablecoin to August, Continues Development
Standard Chartered-backed Anchorpoint Financial plans to launch its HKDAP stablecoin in August, focusing on cross-border payments and compliance with HKMA regulations.
Luno Enforces Crypto Transfer Ban for Certain Users Ahead of August 31 Deadline
Luno has blocked cryptocurrency transfers for certain customers, requiring them to sell holdings by Aug. 31 before account closures on Sept. 1.
SEC Delays Approval of Nasdaq's Bitcoin Options Until Aug. 24 for Review
The SEC has set an Aug. 24 deadline for comments on Nasdaq's proposed Bitcoin index options, currently under review after a CME jurisdictional challenge.
Urgent Deadline Ahead for CLARITY Act Amid Summer Senate Recess Plans
The CLARITY Act faces a critical deadline as the Senate's schedule omits it, leaving lawmakers a narrow 72-hour window before summer recess.
Cryptocurrency Mining Ban Expanded to Moscow Starting August 2026
Russia will ban crypto mining in Moscow, Moscow Region, and parts of Kursk from Aug. 15, 2026, due to power grid strain, lasting until 2032.
Minnesota Implements Ban on Crypto ATMs Following Scam-Linked Losses
Minnesota's crypto ATM ban, effective Aug. 1, 2026, follows $1M in scam losses, preventing further virtual currency kiosk operations statewide.
Bob Diamond Advocates for Support of Clarity Act Among Banks
Former Barclays CEO Bob Diamond urges Wall Street to support the Clarity Act, highlighting its benefits for banks and blockchain innovation in finance.
South Korea Confirms 22% Cryptocurrency Tax Starting in 2027
South Korea will impose a 22% tax on cryptocurrency gains starting January 1, 2027, marking the conclusion of multiple delays in its implementation.
Circle Expands Regulatory Presence with New York Trust Charter Following OCC Bank Authorization
Circle has obtained a New York trust charter to enhance its regulatory compliance for digital assets, expanding its stablecoin services framework.
Texas Faces $57 Million in Crypto Kiosk Fraud, Legislative Response Looms
Texans lost $57 million to crypto kiosk scams, leading lawmakers to consider banning these machines, which have fueled a rise in financial fraud.
New ESMA Newsletter Addresses Crypto Regulations and Reporting Efficiencies
ESMA's latest newsletter discusses the end of the MiCA transitional period, report simplifications, annual savings, and important regulatory updates.
