The Italian government is revising its approach to cryptocurrency taxation. A plan to increase the capital gains tax to 42% has been met with strong opposition from industry leaders, who argue that such a steep hike would harm Italy’s competitiveness within the European Union (EU), according to a recent report. ... Read more
The Financial Services Commission of South Korea has given approval for a pilot program related to the CBDC with seven of the country’s leading financial institutions. This program launched by the FSC on 6th of November aims to explore the practicality of CBDCs and deposit tokens in regular transaction and ... Read more
On September 18, a significant hearing will focus on the U.S. SEC’s approach to regulating crypto assets. The House Subcommittee on Digital Assets, Financial Technology, and Inclusion will hold this hearing, aptly named “Dazed and Confused: Breaking Down the SEC’s Politicized Approach to Digital Assets,” at 10:00 a.m. in the ... Read more
