Ripple has officially completed the acquisition of stablecoin platform Rail for $200 million
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Ripple has officially completed the acquisition of stablecoin platform Rail for a transaction amount of $200 million. （Cointelegraph）
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Ripple has officially completed the acquisition of stablecoin platform Rail for a transaction amount of $200 million. （Cointelegraph）
[Japan National Tax Agency: Cryptocurrency Back Taxes for 2024 Amount to 4.6 Billion Yen] On December 11, the Japan National Tax Agency announced that in 2024, 613 on-site investigations were conducted on individuals involved in cryptocurrency transactions, resulting in back taxes amounting to approximately 4.6 billion yen, a year-on-year increase of about 31.4%. The agency focused on transactions such as DeFi and airdrops, utilizing AI-assisted screening. If concealment or fraud is detected, an additional penalty tax of up to 40% may be imposed. Currently, the Japanese government is discussing adjusting cryptocurrency income to a 20% separate taxation system, with the relevant direction expected to be clarified by the end of the year.
[South Korea claims Binance only froze 17% of the requested amount of stolen Upbit assets] South Korean police requested Binance to freeze approximately 470 million KRW worth of Solana tokens stolen from Upbit and transferred to Binance. Binance, citing the need for 'further verification of the facts,' only froze 17% of the requested amount (approximately 80 million KRW) and delayed about 15 hours before completing the freeze and providing notification.
[Elliptic Report Indicates Banks, Stablecoins, and Asian Financial Hubs Will Dominate Crypto Policy-Making] Elliptic has released the 'Global Cryptoasset Regulatory Outlook 2025' report, highlighting that global cryptocurrency regulation is undergoing transformation, with banks, stablecoins, and Asian financial hubs set to lead the next phase of policy-making. This year, governments around the world are shifting their regulatory focus from enforcement-driven approaches to building comprehensive regulatory frameworks that prioritize innovation. U.S. President Trump has made seizing leadership in the cryptocurrency sector one of his core policy priorities and has pushed for the formal passage of the 'Cryptocurrency Innovation and Cybersecurity Enhancement Act' (GENIUS Act), which has become the first federal-level stablecoin regulatory framework in the United States.
[Capital A, Parent Company of AirAsia, Signs MOU with Standard Chartered Bank to Explore Issuance of Ringgit-Backed Stablecoin in Malaysia] Capital A, the operator of AirAsia, has signed a memorandum of understanding (MOU) with Standard Chartered Bank Malaysia to explore the issuance of a stablecoin backed by the Malaysian Ringgit. This comes just days after a member of the Malaysian royal family announced the launch of a similar token. The two parties will jointly develop and test the stablecoin through the Digital Asset Innovation Hub regulated by Bank Negara Malaysia. Standard Chartered Bank Malaysia will act as the issuer, while Capital A plans to pilot wholesale use cases in real-world scenarios. This marks Capital A's first foray into the regulated digital asset space.
[Bitcoin Spot ETF Had a Net Outflow of $77.5 Million Yesterday, Ethereum ETF Outflowed $42.3 Million] Bitcoin spot ETF had a net outflow of $77.5 million yesterday, BlackRock IBIT had a net inflow of $76.7 million, and FBTC had a net outflow of $103.6 million. Ethereum spot ETF had a net outflow of $42.3 million, and ETHE had a net outflow of $31.2 million.