Blockchain gaming company Wemade is pushing for a Korean won-based stablecoin ecosystem, forming a Global Alliance for KRW Stablecoins (GAKS) with Chainalysis, CertiK and SentBe as founding partners. Wemade announced that the alliance will support StableNet, a dedicated mainnet for Korean won-backed stablecoins, with publicly-released code and a consortium model that aims to meet institutional…
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Major cryptocurrency exchange KuCoin is the latest company to secure a license under the European Union’s Markets in Crypto-Assets Regulation (MiCA) framework. KuCoin’s European arm, KuCoin EU, secured a MiCA license from the Financial Market Authority of Austria, the company said in a statement shared with Cointelegraph on Friday. The authorization allows KuCoin EU to…
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The IMF dropped an explanatory video on its X handle today exploring the new phenomenon of tokenized markets. The international body responsible for ensuring the stability of the global monetary system recognized the advantages of tokenized markets in the video, but warned that they can be prone to flash crashes and are more volatile than…
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South Korea is preparing one of its toughest Anti-Money Laundering (AML) crackdowns as it plans to expand its crypto Travel Rule to cover transactions under 1 million won ($680). According to a Yonhap News report, the chairman of the country’s Financial Services Commission (FSC), Lee Eok-won, revealed the plans to the National Assembly’s Legislation and…
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The UK has floated a new tax framework that eases the burden on decentralized finance (DeFi) users, with deferred capital gains taxes on crypto lending and liquidity pool users until the underlying token is sold, which the local industry has welcomed. HM Revenue and Customs (HMRC) proposed on Wednesday a “no gain, no loss” approach…
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Bitcoin is likely to close November at its worst loss since at least 2019, but analysts say it sets the cryptocurrency up for a good start to 2026 as some investors could buy back in. “While November will be printing in the red for crypto, the capitulation signals an opportunity for smart investors to start…
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Crypto market sentiment is beginning to show signs of improvement, as Bitcoin holds above $90,000, with the attitude toward the market now stronger than it was earlier this month when Bitcoin was trading above $100,000. The Crypto Fear & Greed Index, which measures overall crypto sentiment, posted an “Extreme Fear” reading of 25 on Friday,…
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The South African Reserve Bank says it doesn’t see a need for a central bank digital currency in the near term, instead saying the country should modernize its payments system. The South African central bank said in a paper released on Thursday that there was no “strong immediate need” for a retail CBDC, though deploying…
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Switzerland has delayed implementing rules that would automatically exchange crypto account information with overseas tax agencies until 2027 and is still deciding which countries it will share data with. Crypto-Asset Reporting Framework (CARF) rules will still be enshrined into law on Jan. 1, 2026, as originally planned, but will not be implemented until at least…
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Blockchain data shows the Royal Government of Bhutan has staked 320 Ether (ETH) worth roughly $970,000 through Figment, marking the latest onchain activity from the Himalayan state as it expands its crypto holdings and validator operations. Figment is a staking provider that helps large investors and institutions stake digital assets across multiple blockchains and earn…
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