South Korea to Introduce 10%-50% Gift Tax on Crypto Airdrops
Users who receive crypto airdrops in South Korea could be taxed at 10%-50%. The virtual asset gains tax will start taking effect in 2025.
Australia Announces 'Token Swap' Campaign to Accelerate Crypto Regulation
Australian federal government will implement a “token mapping” exercise to inform future regulation of the country’s crypto assets, laying the groundwork for “determining how crypto assets and related services should be regulated.”
ECB Publishes New Guideline on Regulated Digital Asset Licensing
The European Central Bank (ECB) has issued new licensing guidelines for regulating digital assets, although it currently does not have a unified regulatory framework governing crypto-asset activities and services.
Uzbekistan Blocks Binance Operating in the Country, Except UzNEX
The Uzbekistan government has blocked internet protocol (IP) addresses of foreign firms or exchanges offering crypto services in the Central Asian country.
High Taxation in Japan is Driving Crypto Businesses Away, Entrepreneur Says
To prevent entrepreneurs from leaving the nation, Japan should minimize corporate taxes on crypto businesses, according to Sota Watanabe, the CEO of Stake Technologies Pte.
UK Parliamentary Group Seeks Public Comment for Shaping Ecosystem in Crypto Sector
The United Kingdom’s Crypto and Digital Assets All Party Parliamentary Group (APPG) is calling for public comments as it commences its inquiry into the emerging blockchain ecosystem in the UK.
Robinhood's Crypto Unit Slammed With $30M Fine
The digital currency arm of a commission-free brokerage firm, Robinhood Crypto has been slammed with a fine of $30 million by the New York Department of Financial Services (NYDFS)
Approach to Crypto Regulation is More Proactive: CFTC Chair
Rostin Behnam, the Chairman of the CFTC, has revealed that the commission is more than ready for regulatory oversight of the digital currency ecosystem as the industry evolves.
Bitstamp Gets Regulatory Approval to Operate in Italy
Bitstamp achieved a major milestone by acquiring approval from Italian regulators to offer crypto services to its users.
FTX's Sam Bankman-Fried Urges 'Federal Oversight of Crypto'
FTX co-founder and Chief Executive Officer Sam Bankman-Fried said some tokens could be classified as securities and those that are not, urging a federal oversight of the crypto industry.

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