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Crypto

Crypto hot issues: Virtual asset tax rules due next month as Uptober rally loses steam

South Korea’s National Tax Service said it is preparing to issue detailed criteria for taxing digital assets around November, as questions persist over staking, airdrops, hard forks and DeFi. Lawmakers urged preparations on the assumption the current system will take effect unless the National Assembly decides to delay it. Separately, discussions continue on phase-two legislation under the Digital Asset Basic Act, including stablecoins. Markets also tracked bitcoin’s stalled push above $87,000 and Ethereum’s next major upgrade.

Crypto

Nasdaq CEO cites tokenisation potential as 24-hour trading looms

Nasdaq CEO Adena Friedman (아데나 프리드먼) said tokenisation could unlock tens of billions of dollars of tied-up capital by making collateral more liquid. Speaking at the TOKEN2049 conference in Singapore, she said tokenising assets such as Treasuries, stocks and money market funds could help banks move collateral more efficiently. She said institutional demand has risen over the past year, and 24-hour trading would require major infrastructure changes and greater AI use in real-time risk management.

Crypto

Tokenisation supercycle to be led by tokenised stocks and non-dollar stablecoins

Jesse Pollak (제시 폴락), founder of Coinbase\'s layer2 blockchain Base, said an upcoming \"tokenisation supercycle\" will be led by tokenised stocks and stablecoins pegged to non-dollar currencies. He said the dollar is already on blockchain and the next step is U.S. and global equities, followed by other national currencies. Base offers 32 stablecoins linked to 21 currencies. Pollak said tokenised stocks are growing fast and highlighted their 24-hour tradability.