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South Africa’s SARS Issues New Draft Guidance on Crypto Asset Taxation
The South African Revenue Service (SARS) has officially released a comprehensive draft guidance document aimed at clarifying the taxation framework for digital assets within the country. This regulatory move seeks to pr…
New Hampshire Passes Blockchain Foundation Act to Regulate Crypto
The New Hampshire State Legislature has officially passed House Bill 639, known as the "Blockchain Foundation Act," establishing a comprehensive legal framework for digital assets within the state. This landmark legisla…
RBI Proposes Strict Isolation and Ban Strategy for Crypto Assets
The Reserve Bank of India (RBI) has formally recommended an "isolation + ban" framework to manage the risks associated with the digital asset market. In a recent submission to the Parliamentary Standing Committee on Fin…
Brazil Central Bank Sets New Standards for Crypto Service Providers
The Central Bank of Brazil has officially introduced a comprehensive regulatory framework that aligns Virtual Asset Service Providers (VASPs) with traditional financial intermediaries. Through the enactment of Resolutio…
Global Crypto ATM Count Drops 27.7% as US Operators Scale Back
The global landscape for digital asset physical infrastructure has undergone a significant contraction during the first half of 2023. According to data reported by Bits.media, the total number of cryptocurrency ATMs wor…
SEC Admits Past Crypto ETF Failures, Pledges Orderly Review Process
The United States Securities and Exchange Commission (SEC) has acknowledged procedural shortcomings in its historical handling of cryptocurrency Exchange-Traded Fund (ETF) applications. During a recent appearance on the…
Bank of Thailand to Launch Stablecoin and Tighten Payment Rules
The Bank of Thailand (BoT) is advancing its strategic roadmap for a digital currency pegged to the national fiat, announcing plans to initiate public hearings on Thai Baht (THB) stablecoin regulations by the end of 2026…
Kiwoom Securities Seeks Stake in Bithumb Amid Regulatory Shifts
The South Korean financial landscape is witnessing a significant shift as Kiwoom Securities, a prominent domestic brokerage firm, moves to acquire a stake in Bithumb. As the nation’s second-largest digital asset exchang…
Coinbase CEO Defends Financial Freedom Amid Gambling App Claims
Coinbase CEO Brian Armstrong has publicly addressed allegations concerning the integration of high-risk financial features within the platform's mobile application. The controversy arose following critiques regarding th…
Maxine Waters Urges DOL to Block Crypto Investments in 401(k) Plans
U.S. House Democrat Maxine Waters has formally requested the U.S. Department of Labor (DOL) to retract a proposal that would permit 401(k) retirement plans to include exposure to alternative assets. The proposed regulat…