Coinbase Abandons Plans to Enter Turkey’s Market
Coinbase has announced its decision to withdraw from Turkey’s cryptocurrency market and is currently in the process of liquidating its local operations.
Japan’s DMM Bitcoin Exchange Will Close
DMM Bitcoin, a Japanese cryptocurrency exchange owned by DMM.com Group, is shutting down and preparing for liquidation.
South Korea Puts Off Crypto Tax
The National Assembly of South Korea has come to a consensus to postpone the implementation of a cryptocurrency tax until 2027.
XRP Overtakes USDT as Third Largest Crypto
The market capitalization of XRP has surpassed Tether’s stablecoin, making it the world’s third-largest cryptocurrency after Bitcoin and Ether.
Hong Kong to Exempt Wealthy Families and Hedge Funds from Taxes on Crypto Gains
Hong Kong is taking a progressive step towards becoming a more attractive and competitive financial hub by removing the capital gains tax on cryptocurrency investments.
Taiwan’s Regulator Will Implement Stricter AML Rules on Friday
Taiwan’s Financial Supervisory Commission (FSC) has accelerated the implementation date of its anti-money laundering (AML) regulations for cryptocurrency.
Trading Platform XT.com Loses $1.7M in Hacker Attack
XT.com, a cryptocurrency exchange with a daily trading volume of $3.4 billion, has temporarily halted withdrawals due to a suspected hack resulting in a loss of $1.7 million.
