People Power Party pushes to abolish digital asset income tax
People Power Party officially pushes to abolish digital asset income tax, citing issues with double taxation, lack of preparedness, and potential capital outflow.
Bithumb faces suspension over $40B phantom Bitcoin
Bithumb, a South Korean crypto exchange, faces potential 6-month suspension for AML/KYC violations after mistakenly issuing $40B in 'ghost' Bitcoin during a promotional event.
South Korea plans to limit crypto exchange ownership to 20%, with a 3-year grace period. This may lead to significant share sales and potential financial holding company participation.
JPMorgan: Crypto Market Structure Act likely to pass mid-year
JPMorgan predicts the Crypto Market Structure Act will likely pass by mid-2026, potentially transforming the crypto market and attracting institutional investors.