France is considering a change to its cryptocurrency tax rules that could make certain stablecoin conversions taxable from January 1, 2027. The proposal would apply the country’s existing 31.4% flat tax on eligible crypto capital gains when investors exchange cryptocurrencies for certain euro- or dollar-pegged stablecoins. The measure is included
Safe Wallet has integrated CoinShares-designed stablecoin yield strategies directly into its platform, giving corporate treasuries, DAOs, and foundations a way to earn institutional-grade yield on idle stablecoin balances without moving funds out of self-custody. Corporate treasuries and onchain organisations sitting on idle stablecoin balances now have a direct path to
South Korea’s KB Kookmin Card has signed a memorandum of understanding (MOU) with Japan’s SBI Holdings and two cybersecurity companies to test identity checks for artificial intelligence (AI) agents and explore cross-border crypto and stablecoin payments between the two countries. Announced on October 13, the four-party agreement also involves South
The government of Kyrgyzstan has ordered the shutdown of USDKG, its state-backed gold stablecoin, and instructed the Ministry of Finance to liquidate EVA, the company that issued it, along with Coin Nomad Exchange, the country’s first state-owned crypto trading platform. The official explanation is optimising state participation and improving the
Samsung Wallet is integrating Sui as its blockchain infrastructure partner, bringing USDC support directly to Galaxy device users across the United States. The rollout covers 82 million eligible U.S. Galaxy devices, not a new app to download, not a separate crypto wallet to set up. The Samsung Wallet is already
HSBC has officially named its forthcoming Hong Kong stablecoin HSBC RedCoin. It is one of the most significant moves by a traditional bank into the digital asset space in Asia. The name reflects the bank’s Hong Kong heritage. The launch strategy is deliberately phased. It starts with person-to-person and person-to-merchant
The U.S. state of Illinois has released draft rules for its new 0.2% digital asset tax, giving crypto exchanges and other service providers more detail on how the levy could work when it takes effect next year. The Illinois Department of Revenue (IDOR) posted the draft rules on September 28
South Korea’s Financial Services Commission (FSC) is reviewing whether to introduce a formal market-making framework for digital assets after a sharp price distortion involving yen-pegged stablecoin JPYC on Upbit raised concerns over liquidity and investor protection. FSC Director of Digital Finance Policy Yoo Young-jun said on September 28 that the
The Federal Reserve is now on the next step towards issuing stablecoin rules in the U.S. under the GENIUS Act. The Board has issued two proposals on September 24 regarding the issuers and bank subsidiaries. In the first proposal, the reserves, capital, risk management, and safeguards are being looked into.
The Binance rewards campaign for Ripple’s RLUSD stablecoin has kicked off. The rewards campaign will see the exchange giving away $800,000 worth of XRP over four weeks. The rewards are for those users who qualify by holding their RLUSD through certain Binance accounts. Users can get rewards through their Spot,
