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Illinois Delays 0.2% Crypto Asset Tax Implementation to July 1
Illinois Announces 0.2% Cryptocurrency Transaction Tax Regulation
On September 28, the Illinois Department of Revenue announced a proposed cryptocurrency tax regulation set to take effect on January 1, 2027. The regulation imposes a 0.2% tax on the value of digital assets exchanged, transferred, or stored for customers in the state, with collection obligations for...
DB Securities Digital Asset Team Leader: The Essence of Token Securities Lies in Opening Alternative Investments
"The essence of token securities lies in opening alternative investments, not in stocks or bonds," said Lee Joo-sik, head of the Digital Asset Business Team at DB Securities, at the Solana Summit held on September 30 at the Korea Chamber of Commerce and Industry in Yeouido, Seoul. He explained that ...
Paraguay Seizes 35 Illegal Cryptocurrency Mining Machines
Senator Tillis Submits Motion for Reconsideration of CLARITY Act
Senator Tom Tillis has submitted a motion for reconsideration regarding the closure of discussions on the CLARITY Act, leaving room for a quick re-vote. The closure of discussions typically requires more than 60 votes in favor to proceed to a vote in the full chamber. The motion for reconsideration ...
Digital Chamber CEO Calls for Resolution of Ethical Issues to Secure 60 Votes for Clarity Act
As the vote on the Clarity Act, a U.S. cryptocurrency market structure bill, approaches, ethical provisions have emerged as a key variable. The CEO of the Digital Chamber stated that securing the necessary 60 votes for Senate passage depends on the White House's ...
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