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Postponement of Crypto Taxation in South Korea

The South Korean government has once again postponed the implementation of cryptocurrency taxation, pushing the commencement date to January 2028. This decision underscores persistent concerns about market stability and investor dissatisfaction as authorities develop a tax structure that balances legal requirements and the vitality of the cryptocurrency sector. The postponement is a response to market […]

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BitMEX’s AML Violations: Executives Under Legal Scrutiny

BitMEX, a well-known cryptocurrency exchange, has acknowledged violating US Anti-Money Laundering (AML) and Know-Your-Customer (KYC) requirements in Manhattan Federal Court. This disclosure is a significant milestone in the continuing legal disputes between the exchange and its officials. The case emphasises the vital need for cryptocurrency companies operating in the US to comply with banking regulations. […]

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Bank of Italy Sets New MiCA-Based Crypto Guidelines

The Bank of Italy has announced the upcoming publishing of complete guidelines for regulating cryptocurrencies under the European Union’s Markets in Crypto-Assets Regulation (MiCA) law. This project intends to promote innovation while ensuring the stability of Italy’s financial systems and consumer safety. Background The European Union’s Markets in Crypto-Assets Regulation (MiCA) bill is a groundbreaking […]

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Taiwan’s Central Bank Embarks on CBDC Trials

Taiwan’s Central Bank is developing digital currency activities, particularly in creating a Central Bank Digital Currency (CBDC). President Yang Chin-long has emphasised a systematic approach to ensuring long-term progress rather than a quick start. This strategic step involves investigating the use of special-purpose tokens in government bids to improve openness and efficiency. A prototype platform […]

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Lif3.com and evmOS Partner to Launch Pioneering Layer-1 DeFi Solution

Lif3.com (LIF3/USD)(LIF3/USDt), a unique omni-chain DeFi Layer-1 ecosystem, has teamed up with evmOS to introduce “Lif3 Chain,” the world’s first Layer-1 solution designed for public permissionless use with curated contract deployment. This Partnership represents a significant step forward in blockchain technology, improving the security and efficiency of smart contract execution. Lif3.com’s integration with evmOS intends […]

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The Growth of Solana’s Liquid Staking Ecosystem

As Solana rises to fifth place among global cryptocurrencies, its liquid staking environment is expanding rapidly, reflecting its growing usage. The liquid staking ratio increased by 1.76% this quarter, with the quantity of Liquid Staking Tokens (LSTs) doubling, indicating market diversification. This transition is shown by the decline in dominance of the top three liquid […]

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Turkey’s Advancements in Cryptocurrency Tax Legislation

Turkey’s Treasury and Finance Minister Mehmet Şimşek plans to implement a cryptocurrency tax, signalling a significant shift in the country’s financial landscape. This legislative action comes amid a boom in capital inflows, partly due to Moody’s enhanced outlook following Turkey’s removal from the Financial Action Task Force (FATF) grey list. The new tax plan seeks […]

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Binance Blocks Accounts in Megadrop Airdrop Scandal

Binance has reported blocking 297 accounts associated with fraudulent activity regarding the Megadrop airdrop in a firm move to maintain system integrity. The action was taken after determining that these accounts utilised KYC verifications to fraudulently claim airdrop rewards, particularly a single account that manipulated 9,000 KYC verifications to accumulate 630,000 USDT. Background on Airdrops […]

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Strategic Disposition: Germany’s Government Divests 400 BTC to Top Exchanges

The German government donated 400 Bitcoins worth around $24.3 million to Coinbase and Kraken, two leading cryptocurrency exchanges. This transaction follows last week’s transfer of 1,700 bitcoins across numerous platforms, indicating a significant surge in governmental engagement in the cryptocurrency area. As considerable sums of digital money change hands, the impact on Bitcoin’s market price […]

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South Korea’s ETF Caution: Economic Risks and Future Prospects

The Korea Institute of Finance (KIF) recently strongly warned against the probable introduction of Bitcoin and Ethereum exchange-traded funds (ETFs) in South Korea. The research highlights serious worries, claiming that such financial instruments could harm the local economy and increase market risks. KIF’s conservative approach emphasises the importance of carefully evaluating the potential consequences of […]

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Crypto Market Narratives: Telegram’s Blockchain and the Coming Summer Chill

Telegram’s blockchain, TONNE, is gaining traction in the cryptocurrency industry, carving out its own story in an environment dominated by Bitcoin and Solana. While many cryptocurrencies need help to maintain their value, TONNE defies the trend with its unique projects and increasing usage. Despite the more significant market’s possible troubles this summer, TON’s progress provides […]

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Tether Introduces Alloy: A Gold-Backed, Dollar-Pegged Stablecoin

Tether is breaking new ground with the introduction of Alloy (aUSDT), a stablecoin linked to the US dollar and backed by gold. Alloy is over-collateralised by Tether Gold (XAUt), which reflects physical gold ownership and is intended to function as a synthetic dollar. This novel technique lets holders keep their gold exposure while employing a […]

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