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Japanese Cabinet Approves Tax Reform Eliminating Unrealized Crypto Gains Tax for Companies
25.12.2023
The Japanese government has approved a tax reform that removes some crypto taxes for corporations and conglomerates. The reform, discussed since early December, removes the unrealized gains taxes on crypto holdings for companies, paving the way for them to hold crypto assets more consistently....
Softbank Looking to Invest Billions in AI After Pausing Crypto Investments
18.9.2023
Softbank, one of the largest investment management conglomerates in the world, is reportedly eyeing several investments in the artificial intelligence (AI) field after having paused its crypto investments. According to the Financial Times, Softbank founder and chief executive officer Masayoshi...
Crypto Conglomerates Should Be Regulated, MiCA 2 Needed, Bank of France Governor Says
19.6.2023
International cooperation is necessary to regulate crypto conglomerates, according to the head of the central bank of France. Speaking at a tech forum in Paris, Governor Villeroy de Galhau also suggested that a new version of the EU’s recently adopted crypto law may be needed to deal with...
Crypto Conglomerates, DeFi Targets of EU Financial Stability Watchdog Concerns
25.5.2023
Risks from smart contracts, high leverage and crypto staking and lending may imply a need for new regulations, the European Systemic Risk Board said
Stablecoin Issuers, Conglomerates Targeted by IMF After Crypto's 'Rough Year'
11.4.2023
FTX and collapses like Signature, Silvergate and Silicon Valley Bank show need for stronger consumer protection, governance norms, the International Monetary Fund said in its Global Financial Stability Report
Crypto Conglomerates Require 'Urgent Regulatory Attention,' European Watchdogs Say
10.11.2022
The collapse of crypto exchange FTX and resulting turmoil are drawing concern from financial stability guardians
China’s State-Backed Open Source Blockchain Onboards HK Conglomerates HSBC, Emperor Group
6.9.2022
China's state-backed Blockchain Service Network (BSN) has onboarded more than 10 conglomerates to its newly-launched Spartan Network, a blockchain infrastructure project
Itau Unibanco Selected by Central Bank of Brazil to Build Real-Pegged Stablecoin Solution
29.8.2022
Itau Unibanco, one of the biggest bank conglomerates in Brazil, has been selected by the country’s central bank to develop a system with a stablecoin pegged to the value of the Brazilian real. Itau’s system was one of the eight proposals selected by the Central Bank of Brazil as part...
S Korean Market Regulator Wants to Label Upbit, Bithumb ‘Large Conglomerates’
23.3.2022
South Korea’s biggest crypto exchanges are set to be regulated by the nation’s conglomerates regulator – a sign they have grown from relative obscurity into mega-companies in the space of just a few years. But the regulatory move would also ramp up scrutiny on what is already a heavily policed...
South Korean Bank Woori Financial to Offer Crypto Custody Services
13.7.2021
Woori Financial Group, one of the biggest financial conglomerates in South Korea, will offer crypto custody services. The bank will develop a joint venture effort with Coinplug, a blockchain-based developing company. This conglomerate signals the third bank entering the market in the country, after...
Asian Conglomerates Lead $31M Round for Blockchain Remittance Firm Lightnet
13.1.2020
Lightnet, the company behind the Velo Protocol, has just raised $31.2 million from some of Asia's biggest firms
Biggest Conglomerates of South Korea Planning to Unveil Donation Platform Based on Blockchain
10.8.2019
The largest multinational of South Korea SK group has disclosed about their plan to create a donation platform based on blockchain. Chosun the South Korean popular news agency has publicized the news on 9th August. The company has also proposed two new tokens explicitly designed for the platform....
Conglomerates’ Deep Pockets Continue Blockchain Growth in S Korea Despite Crypto Ban
14.6.2019
Control of crypto by Seoul leads to conglomerates’ growing influence on blockchain development