A bill moving through the U.S. Congress would create a separate voluntary disclosure program for digital asset taxpayers to correct past reporting errors. If enacted, eligible taxpayers could file amended returns for prior violations and pay unpaid tax, interest and program penalties. The proposal sets lower penalties for those who certify the errors were not fraudulent or intentional, and higher penalties for those who do not. The bill has cleared a House committee but still needs passage by both chambers and presidential signature.

A string of hacking incidents in South Korea’s financial sector has led to confirmed personal data leaks at savings banks and mutual finance groups, prompting authorities to step up inspections and security requirements. Banks are moving to raise cybersecurity spending and expand fraud prevention systems using AI. Market volatility and a steep stock selloff also drew a policy response. Political debate intensified over postponing digital asset taxation and regulating exchange shareholders.