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Bulgarian Parliament Passes Bill Granting Tax Authorities Full Access to Crypto Users' Data
: On September 9, Bulgaria's National Assembly passed amendments to the Tax and Social Security Procedure Code with 149 votes in favor, 0 against, and 10 abstentions, which will allow the Bulgarian National Revenue Agency to obtain detailed information on crypto asset users. The bill was approved by the 240-seat parliament.The amendments implement two European Union (EU) directives, requiring crypto asset-related businesses to register and report to the Bulgarian National Revenue Agency users' names, addresses, dates and places of birth, tax residences, and tax identification numbers, as well as to submit transaction data for various types of crypto assets, including gross amounts received, number of transactions, number of fiat buy and sell transactions, and crypto asset exchange activity.Privacy advocates criticized the scope of data collection as overly broad, arguing that mandatory disclosure of personal information could pose security risks. Crypto traders and small businesses said the registration and reporting requirements will increase compliance costs; supporters of the bill argue it aligns with EU standards and helps curb tax evasion. The relevant directives require EU member states to complete adoption by December 31, 2025. (Bitcoin.com News)
South Korea's Digital Asset Basic Act legislative timeline uncertain, may be delayed to the first half of next year
Odaily News: South Korea's digital asset institutionalization process this week once again focused on two major directions: legislation and infrastructure development. According to South Korean Democratic Party lawmaker Min Byeong-deok (민병덕), speaking at a seminar, the "Digital Asset Basic Act" will be pushed for enactment within the year, with a public hearing planned for this month, and formal legislative review to commence in November after the completion of the parliamentary audit. However, considering that the National Assembly will still conduct parliamentary audits and budget reviews and other procedures, the legislative timeline may also be delayed to the first half of next year. In addition, South Korea's Financial Services Commission has announced a phased implementation roadmap for security tokens (STO), and financial institutions are also advancing tokenization system testing and global infrastructure cooperation. South Korea's digital asset regulation is gradually shifting from institutional discussion to the implementation preparation stage. (MK)
Operating digital asset TF until 2028: Korea Financial Services Commission prepares for the implementation of the Digital Asset Basic Act
Odaily News: The Financial Services Commission of Korea stated that it will operate the digital asset TF (Task Force) until 2028 to prepare for the enactment and implementation of the Digital Asset Basic Act, including advancing preparations for subordinate legislation and building the digital asset ecosystem infrastructure.The Financial Services Commission of Korea noted that the existing digital asset regulatory framework has primarily focused on cracking down on illegal activities and preventing investor losses, with insufficient institutional development in areas such as business conduct, information disclosure, and asset issuance and circulation at the industrial and market levels. The Commission plans to determine the main contents of the Digital Asset Basic Act within 2026 through consultations with the Virtual Asset Committee and deliberations between political parties and the government, and to promote the establishment of a more comprehensive regulatory system.Korea is advancing the construction of a digital asset-related ecosystem and is expected to improve infrastructure through institutions such as associations. The legislation related to the institutionalization of security tokens (ST) passed the National Assembly review in January 2026 and is expected to take effect in February 2027. The Financial Services Commission will continue to refine the relevant subordinate regulations and supporting systems.
California meme coin bill AB 2409 passes both houses, will prohibit public officials from issuing and offering to residents
Odaily News - California's meme coin regulatory bill AB 2409 has passed both the State Assembly and Senate, and now awaits the governor's signature to become law. The bill prohibits public officials and government employees from issuing meme coins, and starting January 1, 2027, prohibits offering meme coin trading to California residents. If signed by the governor, it will become the first state-level bill in the U.S. to impose systematic legislative constraints on meme coins.
Korea Plans to Open Virtual Asset Accounts to Around 3,500 Companies; Central Bank to Test AI Agent Deposit Tokens in Late 2026
Odaily News – Andrew Park, CEO of Factblock and organizer of Korea Blockchain Week, stated that Korea's crypto market is shifting from retail-trading-driven dynamics toward institutional digital finance. The focus of global financial institutions and enterprises has moved from tokens, exchanges, and prices to custody, tokenization, stablecoins, payment and settlement infrastructure, and regulatory compliance.The Financial Services Commission of Korea has proposed a framework to open corporate virtual asset accounts to approximately 3,500 listed companies and registered professional investors. The National Assembly has officially passed amendments to the Electronic Securities Act and the Capital Markets Act, bringing tokenized real-world assets and security tokens under a unified legal framework.The Bank of Korea has completed the initial trial of Project Hangang, a real-world deposit token initiative, and plans to conduct second-phase institutional testing in late 2026. Related technical experiments have used wholesale deposit tokens to enable AI agents to execute automated conditional transactions. (Bitcoin.com News)
South Korea's People Power Party Proposes Postponing Virtual Asset Taxation to 2030
According to South Korean media outlet MBN, People Power Party lawmaker Jung Sung-kook has formally proposed the "Partial Amendment to the Income Tax Act," intending to postpone the implementation date of the virtual asset income tax from the current January 1, 2027, to January 1, 2030, a delay of three years. Under current regulations, income from virtual asset transfers and lending will be classified as other income, and the portion of annual gains exceeding 2.5 million Korean won shall be subject to a 22% tax rate (including local income tax). Jung Sung-kook stated that virtual asset taxation should be implemented only after the investor protection system and the basis for fair taxation are fully improved, emphasizing that priority should be given to ensuring a system preparation period to minimize market disruption as much as possible. Previously, lawmakers from the same party, including Song Eon-seok, had proposed an amendment to delete clauses related to virtual asset income tax, which has currently been submitted to the National Assembly Strategy and Finance Committee for deliberation; however, the government is expected to actively argue for the necessity of taxation, and the bill still faces resistance in its progression.
Bitget Launches 4th CFD Copy Trading Campaign with a Total Prize Pool of 60,000 USDT
Odaily News: Bitget has launched the 4th edition of its "CFD Copy Trading Assembly" campaign, with a total prize pool of 60,000 USDT. The participation period runs from September 15 at 21:00 to September 29 at 21:00 (UTC+8). During the campaign, the first 500 users who engage in CFD copy trading will be eligible for a subsidy of up to 20 USDT if their first order incurs a loss.In addition, if lead traders rank in the top 100 by cumulative realized profit, they can share a dedicated prize pool of 20,000 USDT, with a maximum of 500 USDT per person. Copy trading users who reach the cumulative trading volume threshold can also share a prize pool of up to 30,000 USDT, with a maximum of 300 USDT per person. For more details, please refer to Bitget's official platform.
Bulgarian Parliament Passes Bill Granting Tax Authorities Full Access to Crypto Users' Data
: On September 9, Bulgaria's National Assembly passed amendments to the Tax and Social Security Procedure Code with 149 votes in favor, 0 against, and 10 abstentions, which will allow the Bulgarian National Revenue Agency to obtain detailed information on crypto asset users. The bill was approved by the 240-seat parliament.The amendments implement two European Union (EU) directives, requiring crypto asset-related businesses to register and report to the Bulgarian National Revenue Agency users' names, addresses, dates and places of birth, tax residences, and tax identification numbers, as well as to submit transaction data for various types of crypto assets, including gross amounts received, number of transactions, number of fiat buy and sell transactions, and crypto asset exchange activity.Privacy advocates criticized the scope of data collection as overly broad, arguing that mandatory disclosure of personal information could pose security risks. Crypto traders and small businesses said the registration and reporting requirements will increase compliance costs; supporters of the bill argue it aligns with EU standards and helps curb tax evasion. The relevant directives require EU member states to complete adoption by December 31, 2025. (Bitcoin.com News)
California meme coin bill AB 2409 passes both houses, will prohibit public officials from issuing and offering to residents
Odaily News - California's meme coin regulatory bill AB 2409 has passed both the State Assembly and Senate, and now awaits the governor's signature to become law. The bill prohibits public officials and government employees from issuing meme coins, and starting January 1, 2027, prohibits offering meme coin trading to California residents. If signed by the governor, it will become the first state-level bill in the U.S. to impose systematic legislative constraints on meme coins.
Bithumb Wins First Instance in First Lawsuit Over Mistakenly Sent BTC
According to South Korean media outlet Digital Asset, the Seoul Central District Court ruled on August 27 that Bithumb won an unjust enrichment restitution lawsuit against a user, ordering them to return the proceeds from the sale of mistakenly sent Bitcoin. The case involves approximately 194 million KRW and is one of four independent lawsuits filed by Bithumb following a February BTC mis-issuance incident this year; the amounts involved in the remaining cases are approximately 500 million KRW, 14.8 million KRW, and 5 million KRW, respectively. Previously, Bithumb had mistakenly distributed 620,000 BTC to users as part of an activity reward program and subsequently launched a recovery initiative. In March, the exchange reported to the National Assembly that nearly 99% of the remaining unrecovered 1,788 BTC had been successfully reclaimed. The first ruling, which affirms the exchange's right to recover proceeds from the sale of mistakenly issued assets, may increase the likelihood of Bithumb prevailing in the other three cases.
South Korea's Petition to Abolish Crypto Tax Gains Over 58,000 Signatures, Set to Be Submitted to the National Assembly for Review
According to South Korea's National Assembly Act, the petition to abolish "virtual asset (cryptocurrency) taxation" has garnered 58,571 approvals. Thirty days after being referred to the relevant committee, the petition will be submitted for deliberation at the committee's first meeting.Under South Korea's current Income Tax Act, starting from January 1, 2027, income from the transfer or lending of virtual assets will be classified as other income and subject to income tax. Virtual asset gains exceeding 2.5 million Korean won (approximately $1,800) will be taxed at a comprehensive rate of 22%, which includes a 20% other income tax and a 2% local income tax. (Edaily)
Costa Rica Passes Anti-Money Laundering Bill for Crypto Services, with Fines Up to 50% of Transaction Value
Odaily News: Costa Rica's Legislative Assembly has unanimously approved amendments to Law No. 7786, establishing specific obligations for virtual asset service providers regarding anti-money laundering, counter-terrorism financing, and counter-proliferation financing of weapons of mass destruction. The new law requires virtual asset service providers to register with the Financial Superintendence General and fulfill obligations including customer identification, due diligence, transaction record keeping, and reporting of suspicious transactions. Penalties for violations range from 5% to 50% of the transaction amount, or between $1,800 and $90,000. The law will take effect three months after its publication.
Related news
Bitget Launches 4th CFD Copy Trading Campaign with a Total Prize Pool of 60,000 USDT
Odaily News: Bitget has launched the 4th edition of its "CFD Copy Trading Assembly" campaign, with a total prize pool of 60,000 USDT. The participation period runs from September 15 at 21:00 to September 29 at 21:00 (UTC+8). During the campaign, the first 500 users who engage in CFD copy trading will be eligible for a subsidy of up to 20 USDT if their first order incurs a loss.In addition, if lead traders rank in the top 100 by cumulative realized profit, they can share a dedicated prize pool of 20,000 USDT, with a maximum of 500 USDT per person. Copy trading users who reach the cumulative trading volume threshold can also share a prize pool of up to 30,000 USDT, with a maximum of 300 USDT per person. For more details, please refer to Bitget's official platform.
Bulgarian Parliament Passes Bill Granting Tax Authorities Full Access to Crypto Users' Data
: On September 9, Bulgaria's National Assembly passed amendments to the Tax and Social Security Procedure Code with 149 votes in favor, 0 against, and 10 abstentions, which will allow the Bulgarian National Revenue Agency to obtain detailed information on crypto asset users. The bill was approved by the 240-seat parliament.The amendments implement two European Union (EU) directives, requiring crypto asset-related businesses to register and report to the Bulgarian National Revenue Agency users' names, addresses, dates and places of birth, tax residences, and tax identification numbers, as well as to submit transaction data for various types of crypto assets, including gross amounts received, number of transactions, number of fiat buy and sell transactions, and crypto asset exchange activity.Privacy advocates criticized the scope of data collection as overly broad, arguing that mandatory disclosure of personal information could pose security risks. Crypto traders and small businesses said the registration and reporting requirements will increase compliance costs; supporters of the bill argue it aligns with EU standards and helps curb tax evasion. The relevant directives require EU member states to complete adoption by December 31, 2025. (Bitcoin.com News)
Petition to Postpone South Korea's Virtual Asset Tax Reaches 50,000-Signature Threshold, Will Be Submitted to Standing Committee
According to Digitalasset, information from the South Korean National Assembly's electronic petition system indicates that a petition to defer virtual asset taxation by two years has obtained 50,764 signatures, reaching the threshold to be submitted to the relevant standing committee for review. The petition contends that implementing digital asset taxation could lead to a decline in exchange revenue, which would further impact corporate tax revenue, and therefore recommends a two-year deferral.
South Korea's Digital Asset Basic Act legislative timeline uncertain, may be delayed to the first half of next year
Odaily News: South Korea's digital asset institutionalization process this week once again focused on two major directions: legislation and infrastructure development. According to South Korean Democratic Party lawmaker Min Byeong-deok (민병덕), speaking at a seminar, the "Digital Asset Basic Act" will be pushed for enactment within the year, with a public hearing planned for this month, and formal legislative review to commence in November after the completion of the parliamentary audit. However, considering that the National Assembly will still conduct parliamentary audits and budget reviews and other procedures, the legislative timeline may also be delayed to the first half of next year. In addition, South Korea's Financial Services Commission has announced a phased implementation roadmap for security tokens (STO), and financial institutions are also advancing tokenization system testing and global infrastructure cooperation. South Korea's digital asset regulation is gradually shifting from institutional discussion to the implementation preparation stage. (MK)
South Korea National Assembly Petition for 2-Year Delay of Virtual Asset Transfer Tax Exceeds 32,000
据《数字资产》报道，韩国虚拟资产（数字资产）过税 2 年延期国会请愿动议数已突破 3.2 万人。国会请愿门槛为 5 万人，若在 9月 20 日前再获 1.8 万人联署，该请愿将正式提交相关常务委员会审议。请愿理由为：数字资产征税将导致交易所营收大幅下滑，进而引发法人税收减少。目前政府坚持 2027年 1 月正常推行征税，而国民力量党则以基础设施不完善等为由持反对立场。
Operating digital asset TF until 2028: Korea Financial Services Commission prepares for the implementation of the Digital Asset Basic Act
Odaily News: The Financial Services Commission of Korea stated that it will operate the digital asset TF (Task Force) until 2028 to prepare for the enactment and implementation of the Digital Asset Basic Act, including advancing preparations for subordinate legislation and building the digital asset ecosystem infrastructure.The Financial Services Commission of Korea noted that the existing digital asset regulatory framework has primarily focused on cracking down on illegal activities and preventing investor losses, with insufficient institutional development in areas such as business conduct, information disclosure, and asset issuance and circulation at the industrial and market levels. The Commission plans to determine the main contents of the Digital Asset Basic Act within 2026 through consultations with the Virtual Asset Committee and deliberations between political parties and the government, and to promote the establishment of a more comprehensive regulatory system.Korea is advancing the construction of a digital asset-related ecosystem and is expected to improve infrastructure through institutions such as associations. The legislation related to the institutionalization of security tokens (ST) passed the National Assembly review in January 2026 and is expected to take effect in February 2027. The Financial Services Commission will continue to refine the relevant subordinate regulations and supporting systems.