South Korean Ruling Party Demands Stablecoin Plan, Floats Consortium Model
South Korea’s ruling party has drawn a line in the sand, ordering the Financial Services Commission to deliver a stablecoin regulatory plan by December 10.
Japan Set to Cap Crypto Taxation at 20%, Ending “Miscellaneous Income” Status
The Japanese government is backing a legislative plan to cap the tax on cryptocurrency profits at 20%, finally moving digital assets out of the “miscellaneous income” category.
US Banking Regulator Takes Lead, Crafting First Rules Under New Stablecoin Law
The FDIC is taking the lead in translating the GENIUS Act into enforceable regulations for the US stablecoin market.
Grayscale Eyes Chainlink ETF Debut, Leading Wave of Crypto Fund Launches
Grayscale is preparing to uplist a private trust to create the United States’ inaugural spot Chainlink ETF, potentially launching this week.
HashKey Surmounts Listing Hearing, Moves Into Final IPO Preparations
HashKey Holdings Limited, operator of Hong Kong’s leading licensed cryptocurrency platform, has passed the Hong Kong Stock Exchange listing committee hearing—a key review that decides the fate of IPO applications.
Beijing Mobilizes Agencies for Fresh Crypto Crackdown, Citing Stablecoin Dangers
China’s central bank and a dozen other agencies have pledged to refresh the nationwide suppression of cryptocurrency.
Pre-Listing Consolidation: CoinShares Drops Three US ETF Plans, Winds Down Bitcoin Futures Fund
CoinShares has withdrawn applications for US spot XRP, Solana, and Litecoin ETFs and is winding down its Bitcoin Futures Leveraged ETF.
Trading Activity Sees Sharp Contraction: Exchange Volumes Retreat to June Levels
The crypto market entered a period of markedly lower activity in November, with combined exchange volumes retreating to levels last seen in June.
“Valuation-Sensitive” Institutions Pull $3.5B from Bitcoin ETFs in November
Data shows outflows dominated most of the month before a late influx. While Bitcoin and Ethereum funds saw major outflows, newer altcoin ETFs gathered inflows.
Upbit Hack Echoes Past Exchange Vulnerabilities in $37M Heist
In a sobering reminder of the crypto industry’s security risks, South Korea’s largest exchange, Upbit, has been hacked for $37 million.
Don’t Give Crypto a ‘Free Pass,’ Top Exchanges Tell SEC
The World Federation of Exchanges has urged the regulator not to grant special exemptions that would let crypto companies sell tokenized stocks without being registered broker-dealers.
Australia Lays Down the Law for Crypto with New Licensing Framework
The rules of the game are changing for crypto in Australia.
South African Central Bank Sounds Alarm on $1.5B Crypto Market
South Africa’s central bank has issued a stark warning, declaring the country’s burgeoning crypto market a risk to financial stability.
MoonPay to Offer Crypto Custody, OTC Trading in NY After Trust Charter Win
MoonPay is set to launch crypto custody and over-the-counter trading services for New York clients after being granted a state trust charter.
Bitwise’s Dogecoin ETF ‘BWOW’ Approved for Launch
The Bitwise Dogecoin ETF, ticker symbol BWOW, has been certified for listing by NYSE Arca and could start trading as soon as Wednesday.
