South Korea’s tax agency vows to tighten digital assets tax evasion loopholes
The NTS is also looking into individuals using digital assets to evade inheritance and gift taxes, as well as online platforms relocating their servers to tax havens.
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Nepal central bank working on policy amendment for CBDC issuance
Revati Nepal, chief of the currency management department at the NRB, said that the draft bill would be forwarded to parliament immediately after the central bank completes its internal discussions.
Thai SEC grants operating licenses to 4 more digital assets firms
Despite approving its licenses, the Thai securities regulator still needs to inspect the firms' operations before they can kick off market activities, a report noted.
UK fintech unicorn Revolut on hiring spree for digital assets division
Revolut is bucking this year’s massive tech layoffs tide, raising headcount by 20%, including in its digital assets business which accounts for 10% of revenue.
Coinbase shareholder sues company over ‘gross mismanagement’
In a suit filed in Delaware on August 4, Donald Kocher accused former and current Coinbase officers of "breaches of fiduciary duties, unjust enrichment, abuse of control and gross mismanagement."
Solana’s DeFi ecosystem was totally fake—This is why identity matters
Coindesk recently published a report on how two brothers used multiple pseudonymous accounts to fake a DeFi ecosystem on Solana—showing that without identity, there's no way to know who's in control.
US Treasury sanctions Tornado Cash mixer
Tornado Cash is a digital currency mixer that obfuscates transaction history by combining ETH deposits from many users into one pool before paying out Ethereum withdrawals.
CFTC revokes election betting platform PredictIt’s permission to operate
PredictIt had been allowed to operate on the condition that it was being used for academic purposes and became hugely popular, which the CFTC said the platform violated.
Joshua Henslee on BSV investors lawsuit: When the game is rigged, that’s when governments have to step in
Early last week, a U.K. collective proceedings order was filed against Binance, Kraken, Shapeshift, and Bittylicious in response to the 2019 delisting of BSV.
Coinbase loses $1.1 billion, stock compensation gravy train rides on
Coinbase lost over $1 billion in the second quarter while warning investors that the digital currency exchange expects this current ‘crypto winter’ to be a multi-year affair.
Thailand to begin pilot testing real-world applications of its CBDC by end of 2022
The Bank of Thailand says this next phase will be a pilot phase focused on testing "real-life applications of Retail CBDC" with the private sector.
Meta announces NFT integration in 100 countries for Instagram
Instagram users in Africa, the Americas, the Middle East, and the Asia-Pacific regions can now post digital collectibles from three blockchains without charge.