Global #regulations

In the global push to regulate cryptocurrencies, Ghana has emerged as a proactive player by drafting new guidelines for digital assets.

In a notable shift towards digital asset investments, South Korea’s National Pension Service (NPS) has acquired 245,000 shares of MicroStrategy, valued at $33.75 million, during the second quarter of this year.

The cryptocurrency industry across Asia is undergoing significant transformations as governments in the region introduce stricter regulations while simultaneously encouraging innovation.

On August 8, the Internal Revenue Service (IRS) unveiled a revised draft of Form 1099-DA, aimed at streamlining the process for reporting digital asset transactions. The updated form, tentatively titled “Digital Asset Proceeds From Broker Transactions,” is set to come into effect for transactions starting in tax year 2025, with reports due by April 2026.

Switzerland, renowned for its financial prowess and innovation, is taking decisive steps towards regulating stablecoins, a rapidly expanding segment within the cryptocurrency sphere.

In a move that reflects the growing importance of cryptocurrency and blockchain technology in the financial landscape, Alabama has introduced new measures aimed at regulating these emerging sectors.

Major cryptocurrency exchange Gate.io has stopped offering services in Japan, citing compliance difficulties. This move highlights the challenges crypto exchanges face in navigating complex regulatory environments.

Klip, the cryptocurrency wallet integrated into South Korea's popular messaging app KakaoTalk, is undergoing significant changes to comply with the country's increasingly stringent regulations on digital assets.

The world of cryptocurrency can be thrilling, but its prices are notorious for their wild swings. Unlike traditional stocks influenced by company performance and economic factors, cryptocurrency prices dance to a different tune.

The cryptocurrency market is a dynamic and rapidly evolving space, characterized by groundbreaking technological advancements and a diverse range of financial instruments.

The popular clicker game, Hamster Kombat, has been making headlines in Uzbekistan. While there were initial concerns about its legality, the National Agency for Perspective Projects (NAPP) has officially declared that the game itself is not banned.

South Korea is taking a stricter stance on cryptocurrencies with the implementation of the Virtual Asset User Protection Act. This new law prioritizes user safety and aims to create a more regulated crypto environment.