Japan’s ruling Liberal Democratic Party has proposed a significant tax change for cryptocurrencies, aiming to lower the current maximum tax rate from 55% to 20%. This new approach would classify cryptocurrencies as a unique asset class under Japan’s Financial Instruments and Exchange Act, aligning crypto taxes with traditional securities. This shift could also lead to ...
WisdomTree has submitted a proposal for a spot XRP ETF, which is currently open for public comments for 21 days. After this commenting period, the SEC has up to 240 days to review the proposal, with a final decision expected by late October 2025. This ETF proposal is part of a wave of similar filings, ...
The Securities and Exchange Commission (SEC) has rebranded its Crypto Assets and Cyber Unit to the Cyber and Emerging Technologies Unit. This change aims to tackle cyber-related fraud and protect retail investors from misconduct in new technology sectors. Led by Laura D’Allaird, the unit comprises around 30 fraud experts who will address issues like online ...
The Nigerian government is moving towards taxing cryptocurrency transactions to boost revenue, with a new tax framework bill expected to be approved soon. The Securities and Exchange Commission (SEC) is working on establishing a formal taxation system for crypto transactions on regulated exchanges while also aiming to issue more licenses to these platforms. This initiative ...
The Nigerian government is moving forward with plans to tax cryptocurrency transactions as part of a broader strategy to boost revenue. A tax framework bill is currently under review and is expected to be passed soon. The Securities and Exchange Commission (SEC) aims to implement a formal tax system on qualified transactions, anticipating substantial tax ...
A recent study from the University of Vaasa investigates why nearly 500 cryptocurrency exchanges have collapsed since 2014, examining data from 845 platforms. Key findings reveal that centralized exchanges in well-regulated countries may seem safe but are often more vulnerable due to high compliance costs and fraud risks. In contrast, decentralized exchanges are 31.2% less ...
Memecoins launched by Donald Trump and his wife just before his inauguration are raising alarms in the crypto industry. Initial trading saw the value of Trump’s coin at $14.5 billion and Melania’s at nearly $3 billion, but both have since plummeted by over 50%. Critics worry that these coins could tarnish the industry’s reputation and ...
South Korea’s financial regulator is working to establish a fund under the Korea Development Bank to support companies in the wake of the expected influence of the Trump administration on the virtual assets industry. Financial Services Commission Chair Kim Byoung-hwan mentioned that while Trump didn’t address virtual assets in his inaugural speech, his previous commitments ...
SEC Chair Gary Gensler recently discussed Bitcoin’s speculative nature during a CNBC interview, comparing its global appeal to that of gold. He emphasized that while Bitcoin is not classified as a security, many other cryptocurrencies may fall under securities regulations, highlighting the need for investor protection due to the high risks involved in the crypto ...
A Miami pastor, Francier Obando Pinillo, is facing serious legal issues after being indicted for a multi-million-dollar cryptocurrency scam that duped investors from 2021 to 2023. Pinillo, who led a Spanish-speaking church in Washington, promoted a scheme called “Solano Fi,” claiming it was a guaranteed investment inspired by a dream. Using social media and his ...
