Regulatory Uncertainty and Market Implications While the proposed delay could provide a relief for the South Korean cryptocurrency market and even support …
Delay
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Markets
South Korea weighs fourth delay on its crypto gains tax, pushing it to 2029
by shayaanby shayaanOfficials are concerned users of domestic exchanges would bear the tax burden because the U.S. won’t share crypto trading data until 2029. …
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Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest …
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Mining
Bitcoin mining offshoot Nscale loses Microsoft AI deal as power delay stretches into 2030s
by shayaanby shayaanWhen CoinDesk looked at the shift in March, public miners had announced more than $70 billion in AI and high-performance computing contracts. …
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Regulation
Illinois backs delay to crypto tax rule after months of industry pushback
by shayaanby shayaanThe court had not been confirmed to have entered the order as of Oct. 4. The move marks a shift in the …
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Markets
Illinois agrees to six-month delay of crypto tax as industry continues court battle
by shayaanby shayaanBoth sides agreed the 0.2% tax should be put off until July 1, if the court approves the deal, which will let …
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“Is it right to rush into starting this cowardly taxation?” Han said. Under South Korea’s current rules, qualifying income from transferring or …
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Katherine Kirkpatrick Bos, Head of Legal at Chainlink, offered a stark assessment of the Clarity Act’s prospects after the House canceled the …
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The CLARITY Act has faced a new timing obstacle after House Republican leaders canceled eight voting days and scheduled the chamber to …
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House Republicans’ decision to cancel the final two weeks of the September session could significantly delay consideration of the CLARITY Act, raising …