As the global financial landscape evolves, Turkey is taking proactive steps to establish a robust regulatory framework for cryptocurrency. By 2025, the Turkish government plans to enforce stringent rules aimed at enhancing oversight and security in cryptocurrency transactions. These regulations reflect the growing recognition worldwide of the need for regulatory measures in the rapidly changing […]
Crypto Ownership Soars in South Korea Post-Trump Victory
In recent months, South Korea has witnessed a significant rise in cryptocurrency ownership, coinciding with Donald Trump’s electoral victory. This surge is indicative of a shifting landscape in the Korean financial market as citizens increasingly turn to digital assets. Current estimates put the value of South Korean crypto assets at an impressive $70.3 billion, and […]
Japan Set to Launch the First Cryptocurrency-Backed Credit Card
Japan is poised to take a significant step into the realm of digital finance with the introduction of the world’s first cryptocurrency-backed credit card. This innovative financial product is designed to revolutionize the payment landscape, particularly in how cryptocurrencies can be utilized in everyday transactions. Set to launch in early 2024, this credit card, backed […]
Gemini Launches in France with Crypto Services
Gemini, a prominent name in the cryptocurrency exchange sector, has officially launched its services in France. This expansion caters to the rising demand for digital assets in the country and reflects a growing interest among French investors in cryptocurrencies. With a keen focus on regulatory compliance, Gemini has registered as a Virtual Asset Service Provider, […]
South Korea Targets Unpaid Taxes with Crypto Seizures
In a strategic move highlighting the increasing seriousness of tax collection efforts, the city of Paju in South Korea’s Gyeonggi Province has announced an initiative to seize and liquidate cryptocurrency holdings from residents who have failed to pay their taxes. This decision comes after notices were issued to 17 individuals who collectively owe around 124 […]
US States Challenge SEC: A Coalition for State Authority in Cryptocurrency Regulation
In a significant legal development, 18 U.S. states have initiated a joint lawsuit against the Securities and Exchange Commission (SEC), the agency responsible for regulating the securities industry. Spearheaded by Kentucky, Texas, Florida, and Nebraska, the lawsuit draws attention to the growing tension between federal oversight and state-led innovation in the burgeoning cryptocurrency sector. The […]
New Frameworks Set to Advance Asset Tokenisation in Singapore
In a significant move poised to bolster asset tokenisation within the financial sector, the Monetary Authority of Singapore (MAS) recently unveiled a multifaceted initiative focusing on establishing a robust framework for digital assets. This advancement aims to improve infrastructure limitations and enhance liquidity, addressing key barriers that have hindered the widespread adoption of tokenisation across […]
British Pension Fund Invests 3% of Assets in Bitcoin
In a groundbreaking move, a British pension fund has made headlines by allocating 3% of its £50 million assets directly into Bitcoin. Spearheaded by pension specialist Cartwright, this investment marks the first of its kind in the UK, distinguishing itself from common trends of investing in Bitcoin-linked exchange-traded funds (ETFs). This decision comes after extensive […]
New Rules for South Korea’s Cross-Border Crypto Trades
South Korea is on the verge of a significant shift in its approach to cross-border cryptocurrency transactions, a sector that has been rapidly evolving yet fraught with challenges. Set to be implemented in the latter half of 2025, these new regulations require businesses involved in international cryptocurrency trading to register with the appropriate authorities and […]
Japan’s Strict Crypto Regulations Hold Back ETF Adoption
In recent years, the global landscape for cryptocurrency investments has undergone a significant transformation, particularly with the rise of exchange-traded funds (ETFs) that include digital assets. However, Japan, a country known for its advanced financial systems, faces critical challenges in adopting such investment structures due to stringent regulations imposed by its financial authorities. Japan’s Financial […]