wordpress-seo domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /home/a/andreoae/smartcentral.com/public_html/wp-includes/functions.php on line 6114
The government of Hong Kong has announced a plan to provide fresh tax exemptions aimed at attracting private equity and hedge funds, covering a broader scope of assets, including private credit, overseas property, and carbon credits. The proposed tax exemptions are part of an effort to position Hong Kong as a more competitive global financial...
The United States Securities and Exchange Commission (SEC) achieved a new record for penalties and fines in the fiscal year 2024, largely due to a substantial settlement with cryptocurrency firm Terraform Labs. According to the SEC’s annual report released on Nov. 22, the agency netted $8.2 billion in financial remedies, marking the highest total in...
A draft regulatory framework for crypto assets in the United Kingdom is expected to be ready early next year, according to a Treasury official who spoke at City & Financial Global’s Tokenisation Summit in London on Nov. 21. The regulatory framework, which was initially anticipated last summer, was delayed due to a general election and...
South Korea’s Democratic Party (KDP) is advancing its plan to implement a crypto gains tax beginning in 2025, while also suggesting an increase in the taxable gains threshold. On Nov. 20, Seoul Shinmun Daily reported that the KDP has challenged the ruling People’s Power Party’s (PPP) proposal to delay the taxation of cryptocurrency gains until...
Blockchain advocacy group CEDAR Innovation Foundation has urged Securities and Exchange Commission (SEC) Chair Gary Gensler to resign following the recent election. In a statement dated Nov. 18, the group criticized Gensler for not following the precedent set by previous SEC chairs who announced their resignations soon after the administration that appointed them lost an...
Cryptocurrency ownership among investors in the United Kingdom is on the rise, prompting increasing regulatory attention from the country’s top financial authority. According to a Nov. 26 announcement by the Financial Conduct Authority (FCA), over 12% of UK adults now hold cryptocurrency, with an average value of up to 1,842 British pounds ($2,318). This marks...
Authorities in Paju, South Korea, are ramping up efforts to collect unpaid taxes by seizing the cryptocurrency holdings of residents with outstanding debts. On Nov. 18, local news outlet Yonhap reported that the Paju city administration issued notices to 17 residents with a combined tax debt of 124 million Korean won, approximately $88,600. Officials have...
A prosecutor from the U.S. Attorney’s Office for the Southern District of New York (SDNY) has indicated a shift in focus away from pursuing cryptocurrency-related criminal cases. During the Practicing Law Institute’s 56th Annual Institute on Securities Regulation on Nov. 15, Scott Hartman, co-chief of the Securities and Commodities Fraud Task Force at SDNY, suggested...
United States Securities and Exchange Commission (SEC) Chair Gary Gensler, potentially weeks away from being removed by President-elect Donald Trump, has reiterated his stance on crypto policy and enforcement. In prepared remarks for a November 14 speech at the Practicing Law Institute’s 56th Annual Institute on Securities Regulation, Gensler emphasized the importance of registration and...
Bitcoin ETFs and crypto stocks notched an impressive $38 billion in trading volume this week as investor excitement surged following Donald Trump’s election victory. Bitcoin itself hit a new all-time high of $89,000 on Tuesday, with exchange-traded funds (ETFs) and related stocks such as MicroStrategy and Coinbase following suit in their own record-breaking rallies. Senior...
