South Korea Proposes New Cryptocurrency Exchange Regulations to Prevent Asset Misallocation

Unit Labs Requests Meeting with U.S. CFTC

Gate News reports Unit Labs, parent of Unitxyz and Tradexyz, filed a request to meet the CFTC on April 7; the meeting's nature and outcome remain undisclosed. Abstract: The article notes that Unit Labs, parent company of Unitxyz and Tradexyz, requested a meeting with the U.S. Commodity Futures Trading Commission (CFTC) on April 7. The record provides no information on the purpose or outcome of the meeting.

Korean National Tax Service Launches Crypto Tax-Evasion Crackdown in July: Even Self-Custody Wallets and Mixing Services Can Be Traced

According to a report by ZDNet Korea, South Korea’s National Tax Service (NTS) issued on April 15 a procurement notice for a “virtual asset tax evasion response and transaction tracking software,” with plans to complete system selection by the end of May, deploy it in June, and officially launch it in July. The new system will be able to track self-custodied (non-custodial) wallets such as MetaMask and Phantom, and will include “demixing” technology to enforce tax evasion against offenders who use mixers to conceal the flow of funds. This is the third upgrade to South Korea’s crypto tax investigation tracking system since 2024. In conjunction with new tax legislation that, starting in 2026, will formally bring crypto assets under taxation under the “Other Income” category of the comprehensive income tax, enforcement tools are being upgraded at the same time to improve collection efficiency. Procurement scope: Chainalysis and TRM

South Korea's Tax Authority Introduces Crypto Tracking Software to Monitor Tax Evasion, Including Non-Custodial Wallets

Gate News message, April 21 — South Korea's National Tax Service announced on April 15 that it plans to deploy crypto asset tracking software from firms including Chainalysis and TRM Labs to monitor cryptocurrency transactions in real time, trace hidden assets of suspected tax evaders, and combat mo

Sberbank Prepares Crypto Trading Rollout for 110M Users

Sberbank prepares crypto trading and custody services, awaiting regulatory approval to launch for 110M users. Proposed rules may allow retail access with limits, a shift toward regulated crypto participation in Russia. Bank built infrastructure and tested services, positioning for fast

U.S. CLARITY Act stablecoin bill faces May delay amid bank pushback

U.S. CLARITY Act faces a May delay as banks fight stablecoin yields, clashing with a White House report that says the lending impact is just 0.02%. Summary U.S. CLARITY Act's April committee review hangs in the balance as Senate

Bank for International Settlements Warns: Stablecoins Are More Like Securities, Redemption Flaws Could Trigger a Bank Run

International Settlements Bank (BIS) Managing Director Pablo Hernández de Cos warned on Monday at a Bank of Japan conference in Japan that the global stablecoin market has surpassed $315.9 billion, but its operating mechanism is closer to investment products such as ETFs rather than true money. The BIS said that if large-scale redemptions occur, it would trigger a chain-reaction effect similar to the run on Silicon Valley Bank in 2023.