The Financial Services Agency has released its tax reform requests for fiscal year 2025, highlighting the need to consider the tax treatment of virtual currency transactions as financial assets. This marks the first time virtual currencies are mentioned in such requests. Industry groups have long called for changes to the tax system for virtual currencies, […] Source: https://news.bitcoin.com/japans-financial-services-agency-includes-crypto-in-2025-tax-proposal/
South Korean police are investigating Telegram for allegedly facilitating deepfake sex crimes. They plan to work with French investigators following the detention of Telegram founder Pavel Durov in France for similar investigations. “Telegram does not readily provide investigation data, such as account information, to us or other state investigative bodies, including those in the U.S.,” […] Source: https://news.bitcoin.com/south-korea-investigates-telegram-over-deepfake-crime-allegations/
A “decentralized governance” body could decide the fate of frozen USDS if the stablecoin goes ahead with a freeze feature, says Sky co-founder Rune Christensen. Source: https://cointelegraph.com/news/makerdao-sky-usds-stablecoin-freeze-decentralized-court?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Japan’s Financial Services Agency has released plans to overhaul the nation’s tax code which could see the tax rate for crypto assets lowered in 2025. Source: https://cointelegraph.com/news/japan-lower-crypto-taxes-2025-financial-services-agency-tax-overhaul?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Bitcoin active addresses are declining due to a large amount of the market being “gobbled up” by institutional cash, says one analyst. Source: https://cointelegraph.com/news/bitcoin-price-no-clear-direction-active-address-metric-decline-cryptoquant?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Prosecutors in Scotland have made legal history by converting cryptocurrency into cash under proceeds of crime legislation. John Ross Rennie, 29, has been ordered to hand over £109,601 after his BTC holdings were linked to criminal activity. The case initially proposed a settlement entirely in cryptocurrency, but Judge Lady Ross sought legal clarification on whether […] Source: https://news.bitcoin.com/scottish-court-sets-precedent-with-crypto-to-cash-confiscation/
Reports have emerged of users buying tokens and not seeing it show up in their wallet balances. Source: https://cointelegraph.com/news/new-solana-scam-burn-tokens-from-inside-sol-wallets?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
The protocol’s native VISTA token briefly soared to a value as high as $30 million, netting one trader some serious profit. Source: https://cointelegraph.com/news/ethervista-launch-token-trader-massive-profits-solana-pumpfun-rival?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Charles Hoskinson, founder of the Cardano cryptocurrency and CEO of IOHK, has shared his perspective on on the state of the Cardano ecosystem following its recent Chang update, which enhanced the blockchain to include onchain governance. Hoskinson praised Cardano, stating that it dwarfed Bitcoin, and reached “one of the greatest technical achievements in human history.” […] Source: https://news.bitcoin.com/cardano-founder-charles-hoskinson-on-chang-hard-fork-achievements-this-dwarfs-bitcoin/
China and South Africa committed to deepening cooperation within the BRICS framework during South African President Cyril Ramaphosa’s second state visit to China, where he met with Chinese President Xi Jinping. The leaders emphasized the importance of expanding BRICS and enhancing economic coordination to support sustainable development. China and South Africa Reaffirm Commitment to Strengthening […] Source: https://news.bitcoin.com/china-and-south-africa-boost-brics-ties-key-outcomes-from-xis-meeting-with-ramaphosa/
