South Korea to Launch Virtual Asset Tax System: Curbing Cryptocurrency Tax Evasion

by Александр Пирогов | Mar 13, 2024 | Blog News

The National Tax Service of South Korea is gearing up to introduce a virtual asset tax system to effectively monitor cryptocurrency transactions and prevent tax evasion. With the assistance of consulting firm GTIC, the agency aims to develop a platform capable of...

USPTO and US Copyright Office Report Highlights NFT Advantages and Challenges

by Александр Пирогов | Mar 13, 2024 | Blog News

The U.S. Patent and Trademark Office (USPTO) and the U.S. Copyright Office jointly released a report acknowledging both the benefits and obstacles present in the non-fungible token (NFT) space. After analyzing public comments and key details, the Offices concluded...

SEC Declares First Trust SkyBridge Bitcoin ETF Application “Abandoned”

by Александр Пирогов | Mar 13, 2024 | Blog News

The Securities and Exchange Commission (SEC) announced that the spot Bitcoin ETF application submitted by First Trust Advisors and SkyBridge Capital has been deemed “abandoned.” The decision was based on the failure of the applicants to respond to prior...

Coinbase Challenges SEC’s Regulatory Ambiguity

by Александр Пирогов | Mar 12, 2024 | Blog News

Coinbase, a leading U.S. cryptocurrency exchange, has taken legal action against the Securities and Exchange Commission (SEC), filing its opening brief in a lawsuit over the lack of clear regulatory guidelines for the crypto industry. The exchange argues that the...

Bank of Israel Unveils Vision for Digital Shekel

by Александр Пирогов | Mar 12, 2024 | Blog News

The Bank of Israel has announced plans to introduce a central bank digital currency (CBDC), dubbed the digital shekel, with innovative features such as the potential for interest accrual. Set to revolutionize payment systems, the digital shekel will operate on a...

UK Regulator Approves Crypto ETNs for Professional Investors

by Александр Пирогов | Mar 12, 2024 | Blog News

The Financial Conduct Authority (FCA) in the United Kingdom has announced its approval of crypto-based exchange-traded notes (ETNs) for professional investors. These ETNs, defined as bonds tracking the performance of underlying assets, will be available exclusively...