In a significant turn of events, South Korea’s Democratic Party has reached a consensus to delay the implementation of cryptocurrency taxation laws, effectively pausing an ongoing struggle over digital asset regulation. As announced by floor leader Representative Park Chan-dae, this agreement pushes back the taxation of crypto profits by two years. During a recent press
Regulation
Amid a transformative atmosphere for the cryptocurrency industry, Rep. French Hill has made clear his intentions to deepen oversight of the regulatory actions that may be hindering crypto businesses from gaining access to traditional banking services. His statements resonated significantly during a recent hearing held by the House Financial Services Committee, where industry leaders shared
The Securities and Exchange Commission (SEC) is on the cusp of a significant change with President-elect Donald Trump’s announcement of Paul Atkins as the next chairman. This decision, highlighted in a December 4 post on Trust Social, demonstrates the Trump administration’s commitment to embracing innovation, particularly in digital assets. Such a stance could potentially reshape
In a world increasingly burdened by economic and political turmoil, Russian President Vladimir Putin’s recent remarks regarding Bitcoin (BTC) and digital currencies hold significant implications. At the Investment Forum in Moscow on December 4, he boldly claimed that digital currencies are “unstoppable” and that they can revolutionize the global financial landscape by decreasing inefficiencies and
The Australian Securities and Investments Commission (ASIC) has initiated a significant dialogue regarding its regulatory stance on digital assets, calling for public feedback on its proposed framework changes. Announced on December 4, this pursuit aims to clarify the classification of various cryptocurrencies and digital products under existing financial laws. As the cryptocurrency landscape continuously evolves,
The potential appointment of Paul Atkins as the Chair of the Securities and Exchange Commission (SEC) under President-elect Donald Trump has sparked significant discussions regarding his suitability and willingness to accept such an influential position. Current reports have indicated that Atkins, who previously served as an SEC commissioner from 2002 to 2008, is hesitant to
In a bold maneuver aimed at solidifying its role in the burgeoning digital asset space, Grayscale Investments has filed with the U.S. Securities and Exchange Commission (SEC) to convert its Grayscale Solana Trust into a spot exchange-traded fund (ETF). Should this proposal receive SEC approval, the ETF will operate under the ticker symbol GSOL on
On December 1, Missouri’s Senate unveiled Senate Bill 194 (SB 194), a pivotal legislation intending to outlaw central bank digital currencies (CBDCs) from being recognized as legal tender within the state. This legislative action, supported by Senator Brattin, marks a significant response to the burgeoning discourse around the implications of CBDCs, prompting lawmakers to re-evaluate
As cryptocurrency becomes more intertwined with global financial systems, regulatory environments evolve to keep up with rapid advancements. One of the latest developments stems from the Markets in Crypto-Assets (MiCA) regulation, designed specifically for the European Economic Area (EEA) to bring stability and oversight to digital assets. In a direct response to these regulations, Coinbase,
In a significant move that reflects the evolving landscape of cryptocurrency management, the Central Bank of Brazil (BCB) has proposed stringent regulations that restrict centralized exchanges from enabling users to withdraw stablecoins to self-custodial wallets. This crucial update positions the BCB as a proactive actor in the integration of digital assets within existing financial frameworks,