South Korea’s ruling party proposes delaying crypto tax to 2028
If the new proposal is approved, implementing the country’s crypto gains tax will be delayed by nearly seven years from its original schedule.
If the new proposal is approved, implementing the country’s crypto gains tax will be delayed by nearly seven years from its original schedule.
John Bigatton has been convicted for unlicensed financial advice, impacting the credibility of Australia’s financial sector.
According to BlockBeats, on July 15, Gurbir S. Grewal, the head of the U.S. Securities and Exchange Commission (SEC) Enforcement Division, discussed cryptocurrency regulation at a recent symposium hosted by the William & Mary Law Review at the College of William & Mary School of Business. Grewal emphasized the necessity of enforcing federal securities laws in the evolving cryptocurrency market. He highlighted that the principles established in the 1946 Supreme Court ruling in SEC v. Howey, which defined securities, still apply to new investment schemes, including crypto assets. Grewal pointed out the significant investor losses caused by fraudulent crypto activities and stressed the urgent need to address these harms. He mentioned numerous charges brought against issuers involved in unregistered and deceptive offerings. Grewal underscored that innovation and compliance with securities laws are not mutually exclusive. The SEC is committed to working with cryptocurrency entrepreneurs to ensure adherence to regulations while fostering technological advancement. He concluded by emphasizing the need for robust enforcement to maintain public trust, protect investors, and enhance confidence in financial markets.
Pertsev will now spend the next year in prison while his lawyers prepare an appeal for money laundering charges.
According to Foresight News, the U.S. Securities and Exchange Commission (SEC) is scheduled to hold a closed-door meeting on July 18. The agenda for this meeting includes discussions on solutions for enforcement actions. This has led to speculation that the regulatory body may be close to resolving its legal dispute with Ripple Labs. While the official agenda has not been disclosed, sources indicate that the meeting might cover the Ripple lawsuit and potential settlement options.
The complainants called the matter "urgent," but it remains unclear if the SEC will open an investigation.
By treating Bitcoin and Ether as commodities, Nigerian regulators can establish a more tailored regulatory framework that reflects the unique characteristics of the digital assets.
While challenges remain, Ripple’s victory has set a precedent that could shape the future of the cryptocurrency industry for years to come.
Binance’s lawyer urged the judge to dismiss all charges, arguing that the case lacks substance.
According to Odaily, the United States Producer Price Index (PPI) increased by 0.2% from the previous month and saw a year-over-year rise of 2.6%. The June PPI monthly rate was 0.2%, surpassing the expected 0.10% and improving from the previous value of -0.20%. The annual rate for June PPI stood at 2.6%, higher than the anticipated 2.30% and the prior 2.20%.