President-elect Yoon Seok-yeol is planning to defer the tax to 2025 to allow time for the enactment of a new set of regulations designed to protect consumers.
May 5, 2022The court penalised an NFT marketplace for failing to subject an artwork to review and meet its obligations to protect against intellectual property theft.
May 1, 2022FIs are asked to bolster their CDD and file reports when suspicious transactions are observed involving play-to-earn games such as the recently-hacked Axie Infinity.
April 26, 2022OFAC has added a list of entities associated with Lazarus to its sanctions list, including a specific Ethereum wallet address associated with the attackers.
April 19, 2022China’s internet finance, banking and securities associations have outlined six measures to curb "NFT financialisation and securitisation" and prevent NFT-related illegal activity.
April 18, 2022JPX plans to launch a beta version of an API for retail investors under its 'J-Quants' project, and is inviting early adopters to apply for early access.
April 9, 2022The plan includes a regulatory framework for payment-related stablecoins, enhancements to the tax system, and greater engagement with the crypto industry.
April 7, 2022FIs would face penalties over SGD 1 million for breaching TRM requirements. VASPs will have to be licensed to offer services in Singapore.
April 6, 2022Traders will not be able to offset losses against profits. A 1 percent tax will also be deducted at source for trading over INR 50,000 in a year.
April 1, 2022The two defendants promised benefits to NFTs buyers and then transferred the $1.1mn in crypto proceeds to various wallets under their control.
April 1, 2022