Category: Regulation News
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South Korea’s Democratic Party pushes to implement 20% crypto tax in 2025
South Korea’s Democratic Party argued that increasing the threshold to 50 million won ($36,000) would mean only big players would be affected.
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Hong Kong Cyberport Web3 network grows to 270 blockchain firms
Cyberport’s rapid growth includes over 270 Web3 enterprises and initiatives for real-world blockchain applications in Hong Kong.
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FDIC chair, ‘architect of Operation Chokepoint 2.0’ Martin Gruenberg to resign Jan. 19
Martin Gruenberg is set to exit as FDIC Chair, with Representative Tom Emmer blasting him as “an architect of Operation Chokepoint 2.0.”
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Smithsonian to display IRS laptop that tracked Bitfinex’s 120K stolen Bitcoin
The Smithsonian Institute has obtained the laptop owned by former IRS agent Chris Janczewski which was used to track down the 2016 Bitfinex hacker who stole 120,000 Bitcoin.
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Donald Trump taps crypto advocate Lutnick as commerce secretary
The future commerce secretary is a billionaire whose Wall Street firm has ties to Tether.
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Paxos acquires Membrane Finance for EU stablecoin expansion
Membrane Finance is the issuer of US dollar and euro stablecoins and has a passportable Finnish license.
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PayPal taps Xoom for cross-border stablecoin payments
The partnership is designed to expand access to PYUSD in Asian and African markets, PayPal said.
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Final FTX exec to be sentenced on Nov. 20 — What should users expect?
Three of the five individuals indicted in the FTX case have been sent to prison, while one was given time served.
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Securitize, Elixer launch DeFi vaults for Blackrock’s BUIDL
Holders of Blackrock’s tokenized money fund can now tap into DeFi opportunities while earning interest from United States Treasury bills, Securitize said.
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Bitcoin dominance will fall in 2025: Benjamin Cowen, X Hall of Flame
The money printer will crank up in 2025 and Bitcoin dominance will fall, says Into The Cryptoverse founder Benjamin Cowen. X Hall of Flame.