Regulations News

Japan is poised to lower its cryptocurrency tax rate significantly, cutting it from the current 55% to a flat 20%.

During a private discussion at Korea Blockchain Week 2024 in Seoul, U.S. SEC Commissioner Mark T. Uyeda emphasized the need for the SEC to create a specialized Form S-1 for digital asset-related securities.

The Qatar Central Bank, along with the Qatar Financial Centre Authority and the Qatar Financial Centre Regulatory Authority, has unveiled a new regulatory framework for digital assets within the Qatar Financial Centre (QFC).

Abu Dhabi’s Financial Services Regulatory Authority (FSRA) plans to oversee fiat reference tokens (FRTs), a type of stablecoin, in response to growing stakeholder interest.

Hong Kong legislator Johnny Ng has proposed establishing a legal framework to regulate decentralized autonomous organizations (DAOs), aiming to boost the web3 sector in the region.

China has intensified its crackdown on cryptocurrency, now classifying crypto transactions as money laundering under a new legal interpretation.

Turkey recently expanded its list of licensed crypto exchanges, adding major players such as Coinbase, KuCoin and Gate.