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Crypto

Kim Min-seok says ruling party to reach conclusion this year on digital asset tax

South Korea\'s ruling party will reach a final conclusion within the year on digital asset taxation ahead of its planned implementation in January. Democratic Party leader Kim Min-seok raised the need for a concentrated final review, and said he also proposed the idea to Deputy Prime Minister and Finance Minister Lee Hyung-il. Under the current system, taxation is set to begin on Jan. 1, 2027, after three postponements. Industry groups cite unclear standards for various transaction types and gaps in reporting infrastructure.

Crypto

Kyrgyzstan to shut national stablecoin USDKG, liquidate issuer and state-run exchange

The Kyrgyz government is stopping its national stablecoin project, USDKG. The government ordered the finance ministry to liquidate USDKG issuer EVA and CoinNomad, the country’s first state-run cryptocurrency exchange. USDKG launched in November 2025 and was promoted as the first state-issued stablecoin backed by physical gold and pegged 1:1 to the U.S. dollar. About 50 million tokens were issued, mainly for cross-border payments. UK sanctions targeted the issuer in May 2026.

Crypto

Circle executive says Germany\'s 50 percent crypto tax plan would hit retail investors hard

Concerns are growing that Germany’s proposed overhaul of cryptocurrency taxation could increase burdens on retail investors. A draft would apply a 50 percent taxation benchmark based on an assumption that an asset’s value doubled when investors cannot prove the acquisition price. Circle executive Patrick Hansen said the rule would be especially unfavorable for consumers who are unaware of the change or cannot document cost basis. The plan would apply to crypto acquired after Dec. 31, 2026.