China’s securities regulator is shutting down mainland operations of main on-line brokers Tiger Brokers, Futu Holdings, and Longbridge over a two-year wind-down. These are on-line brokerage platforms based mostly in Hong Kong and abroad that allow customers commerce US, Hong Kong, and different international shares from their telephones. Mainland Chinese buyers flocked to them as…
Germany’s Finance Committee has voted down a Green Party proposal that may have ended the nation’s tax exemption for crypto belongings held longer than one yr. The invoice, launched by Bündnis 90/Die Grünen, argued the present rule was designed for bodily belongings like antiques saved in basements, not digital currencies. Under present German regulation, Bitcoin…
A petition for the abolition of South Korea’s deliberate 22% cryptocurrency tax has surpassed 50,000 signatures. It now heads to the National Assembly’s Finance and Economic Planning Committee for assessment. Lodged on May 13, the petition crossed the edge on May 21. It now holds 53,359 signatures. Crypto Tax Set to Take Effect in 2027…
Polymarket reportedly goals to safe authorities approval for prediction markets in Japan by 2030. Bloomberg, citing folks conversant in the plans, reported that the platform appointed Mike Eidlin to steer the efforts. Polymarket’s Japan Push Tests 2030 Regulatory Timeline Eidlin at the moment heads Japan operations at crypto agency Jupiter. Polymarket sees Japan as a…
California Governor Gavin Newsom signed a “first-in-the-nation government order” on Thursday to deal with synthetic intelligence (AI) workforce disruption. The order directs California to organize employees, small companies, and communities for financial affect from AI. What the California Governor’s Order Covers The order convenes a broad group of universities, economists, labor specialists, state companies, and…
Securities and Exchange Commission Chair Paul Atkins stated fund sponsors agreed to delay a number of occasion contract ETFs tied to prediction markets whereas the company seeks public enter. Meanwhile, the Commodity Futures Trading Commission and the National Hockey League introduced a memorandum of understanding aimed toward policing occasion contracts constructed round skilled hockey. Parallel…
The Trump administration’s push to choke off Iran’s crypto use is intensifying. The US Treasury has frozen almost $500 million in regime-linked digital belongings below Operation Economic Fury. Treasury Secretary Scott Bessent disclosed the determine final week, together with a $344 million seizure within the prior month. Estimates place Iran’s complete digital asset holdings close…
Rep. Nick Begich launched the American Reserve Modernization Act (ARMA) within the House on Thursday, a invoice that may codify the US Strategic Bitcoin Reserve into everlasting federal legislation. The Alaska Republican introduced the laws ahead with 16 authentic cosponsors. ARMA would lock federally held bitcoin (BTC) for at the very least 20 years and…
The Federal Reserve has opened a 60-day public remark window on a proposal to create a specialised “fee account” that might give legally eligible non-bank monetary establishments, together with crypto-focused companies, direct entry to its clearing and settlement infrastructure. The Board superior the plan, constructing on a December 2025 request for info. It arrives someday…
The most reliably pro-innovation and crypto voice contained in the SEC is leaving, and the unfinished regulatory agenda she leaves behind is longer than most observers need to admit. Stablecoin guidelines stay unwritten. Tokenization frameworks are nonetheless in roundtable part. Exchange registration necessities for digital belongings don’t have any clear statutory house. The fee that…