Japan's Financial Services Agency (FSA) on Wednesday released the latest report of a working group of the Financial System Review Council, outlining plans to shift the regulatory basis for cryptoassets from the current Payment Services Act (PSA) to the Financial Commodities Exchange Act (FIEA), which mainly targets investment and securities markets. The report points out that cryptoassets are increasingly becoming investment targets at home and abroad, and therefore need to be protected by the s...
US specialty coffee chain Reborn Coffee (NASDAQ: REBN) today announced the launch of a strategic review to consider including regulated digital assets in its financial management framework. The company plans to explore blockchain assets, including Bitcoin and Ethereum, to optimize fund management efficiency and diversify its non-working capital reserves. The company emphasizes that no agreement has been reached on the acquisition, custody or use of digital assets. Future decisions will be subjec...
Senator Cynthia Loomis, Republican of Wyoming, introduced the 21st Century Mortgage Act on July 29, which would require Fannie Mae and Freddie Mac to take digital assets recorded on the distributed ledger into account when assessing eligibility for single-family home mortgages, and would not mandate the conversion of those digital assets into dollars. The data shows that in 2025, Quarter 1 of 35 years old in the United States will...
According to Watcher.Guru, U.S. Senator Cynthia Lummis has proposed a mortgage reform bill that aims to include crypto assets in the assessment of home loan eligibility.
The Trump administration plans to further integrate crypto assets into the U.S. economy, including by including digital assets such as bitcoin in 401 (k) retirement accounts and home mortgage asset assessments. The Federal Housing Finance Agency has asked Fannie Mae and Freddie Mac to consider borrowers' holdings of crypto assets as collateral, triggering Senator E...
Min Byung-duk, a lawmaker from the Democratic Party of Korea, today launched an amendment to the Capital Markets and Financial Investment Industry Law, aiming to include digital assets (virtual assets) in the scope of underlying assets and trust properties of financial investment products. The amendment will allow digital assets such as bitcoin to be used as the underlying assets of financial products such as exchange-traded funds (ETFs), while providing a legal basis for trust operators to cust...
According to CoinPost, Japan's Financial Services Agency released a document today announcing that it will seriously consider transferring the regulation of cryptoassets from the Payment Services Law to the framework of the Financial Instruments and Exchange Law. If it goes well, cryptoassets will be officially positioned as financial products, and the relevant tax system is expected to be changed from a maximum of 55% syndrome tax to a separate tax of about 20%. It may also lift the ban on bitc...