Browsing: Regulation & Policy

Remittance tax has become a crucial topic for any individual or business involved in cross-border financial transactions.Starting January 1, 2026, the United States will implement a 1% remittance tax on specific transfers, as mandated by U.S.

The recent Mark Cuban Voyager lawsuit has drawn significant attention in the realm of cryptocurrency legal news as a federal judge dismissed the case against the billionaire entrepreneur.This lawsuit stemmed from allegations by former investors of Voyager Digital, which declared bankruptcy in 2022, claiming they were misled about the risks associated with their investments.

Turkmenistan cryptocurrency legislation marks a pivotal moment in the Central Asian nation’s economic landscape as President Serdar Berdimuhamedov takes bold steps to embrace the digital financial revolution.This new decree officially legalizes cryptocurrency mining and trading, paving the way for a regulated environment that may encourage foreign investment and innovation.

The Responsible Financial Innovation Act, championed by Cynthia Lummis and supported by the U.S.Senate Banking Committee, marks a pivotal movement in the integration of digital assets into the traditional banking framework.

The introduction of digital yuan interest calculation marks a significant milestone in China’s financial landscape.As the country embraces digital currency, six major state-owned banks, including the Industrial and Commercial Bank of China and Agricultural Bank of China, have announced that from January 1, 2026, interest on individual digital yuan wallets will be aligned with demand deposit rates.

Amir Zaidi, the newly appointed Chief of Staff at the CFTC, is poised to make a significant impact on the landscape of digital asset legislation in the United States.With his extensive background in overseeing the launch of regulated Bitcoin futures, Zaidi’s return comes at a pivotal moment for the crypto market, which is under scrutiny for compliance and regulation.

BitFuFu, a prominent player in the cryptocurrency sector, is celebrating its remarkable fifth anniversary this year.Under the leadership of Chairman and CEO Leo Lu, the company has significantly shaped its strategy to become a leader in cloud computing power, especially in the Bitcoin mining arena.

The recent dismissal of the Mark Cuban cryptocurrency lawsuit has brought significant attention to the legal issues surrounding the NBA billionaire and his involvement in the now-defunct Voyager Digital.Investors claimed that Cuban, along with the Dallas Mavericks, misled them through promotional statements about the cryptocurrency lending platform, which ultimately faced bankruptcy.

The GENIUS Act has stirred significant debate among lawmakers and the public alike, as U.S.Senator Warren Davidson passionately argues against its implications for financial freedom in America.

Korbit compliance failures have recently come to light, leading to a hefty fine of $1.8 million imposed by South Korean regulators.These breaches primarily involved shortcomings in customer due diligence and identity verification processes, raising alarms about the exchange’s anti-money laundering compliance.