BITPRISMIA
The U.S. government has proposed new crypto tax reporting rules for foreign accounts, aiming to enhance transparency and compliance for U.S. taxpayers holding cryptocurrency abroad.
South Korean crypto exchanges have significantly reduced listings of 'kimchi coins'—locally issued cryptocurrencies—due to stricter regulatory compliance under the Act on Reporting and Using Specified Financial Transaction Information since 2021, leading to a more selective and safer market.
South Korea is preparing to propose its first comprehensive stablecoin bill, aimed at regulating Won-pegged stablecoins to enhance consumer protection, financial stability, and global competitiveness.
The U.S. Senate has released a discussion draft for a comprehensive crypto market structure bill aimed at providing regulatory clarity and a unified framework for digital assets, building on previous legislative efforts like the CLARITY Act and Lummis-Gillibrand bill.
South Korea is advancing legislation for Security Token Offerings (STOs) and a won-pegged stablecoin, led by lawmaker Min Byeong-dug, to create a regulated digital asset framework and enhance the country's digital economy.
The U.S. House of Representatives passed the Clarity Act, a significant step towards establishing clear regulations for the cryptocurrency market, aiming to address regulatory ambiguity and provide guidelines for market participants.