A new political proposal in South Korea has put the spotlight back on how the country will tax digital assets. A bill submitted by the main opposition People Power Party seeks to eliminate the local tax on cryptocurrency gains that…
FTX lines up $2.2 billion payment for creditors in March
The estate of collapsed crypto exchange FTX plans to distribute approximately $2.2 billion to creditors on March 31, according to a statement from FTX Recovery Trust. The upcoming payment forms part of the ongoing Chapter 11 bankruptcy process and follows…
What does new SEC and CFTC crypto guidance mean for ETFs?
The SEC and CFTC have jointly set out a new approach to digital assets, declaring that most crypto tokens do not fall under U.S. securities rules. Their move arrives as bitcoin trades near a crucial technical level ahead of the…
Metaplanet Raises $255M to Expand Its Bitcoin Treasury Plan
Tokyo-based metaplanet has secured roughly $255 million from overseas institutional investors through a new share sale, reinforcing its strategy of rapidly growing its bitcoin holdings. The transaction, which includes both equity and warrants, is structured to support the company’s long-term accumulation…
Strategy adds $1.57B in Bitcoin and lifts holdings to 761K
Michael Saylor’s strategy for expanding corporate Bitcoin holdings intensified last week, as Strategy, the largest publicly traded Bitcoin holder, completed one of its biggest single-week purchases to date. A new filing with the US Securities and Exchange Commission shows the…
Will Australia Senate Back New Crypto Rules for Firms Now?
The australia senate has released a committee report supporting new laws to bring digital-asset platforms and custody providers under the country’s existing financial-services system. The findings from the Senate Economics Legislation Committee endorse a bill that would extend established licensing,…
Circle moves past $2B in tokenized Treasury market share now
The expanding market for tokenized U.S. Treasuries has seen a shift in leadership, with circle now overseeing the largest pool of on-chain Treasury exposure. Data from RWA.xyz show that its USYC token has grown rapidly in recent months, altering the…
2 Firms Tied To $800M Crypto Laundering For North Korea
U.S. authorities are tightening their focus on crypto laundering as a key source of funding for North Korea’s weapons programs. The Treasury Department has announced sanctions on individuals and entities accused of helping the Democratic People’s Republic of Korea (DPRK)…
Why is the UK central bank changing stablecoin rules now?
The UK central bank is reworking its approach to stablecoins, moving toward a more permissive framework while still pressing industry participants for clearer input on how to manage risks. The Bank of England (BOE) has spent the past year consulting…
Revolut Retains Crypto and Trading Services Outside UK Bank
Revolut has secured a full U.K. banking license, marking a significant shift in how the London-based fintech operates and how its customers’ deposits are protected. The move comes almost two years after the firm entered the U.K. banking regime with…