GetChain News
中简 中繁 EN
GetChain News
Toggle sidebar

Regulation/Compliance

News linked to both this project and an event.

Hong Kong Legislative Council Member Yau Tat-kin: Proposes Hong Kong Securities and Futures Commission Establish Independent Digital Assets Department

According to the Hong Kong Commercial Daily, Mr. Peter Yau Tak-kan, a Member of the Legislative Council for the Innovation and Technology functional constituency, has issued a policy initiative document titled "The '3+3 Collaborative Development Blueprint: Hong Kong’s Innovative Pathway to Integrate with the Nation’s Future Industries.'" Regarding digital finance (including Web3 and digital assets), Mr. Yau proposed a macro vision to "build an international digital asset hub by 2032," with recommendations covering the establishment of early investment channels for Web3 finance, the creation of a "Hong Kong-version Web3 Pinksheet" over-the-counter fundraising mechanism, and the active promotion of real-world asset tokenization (RWA) and tokenized stocks.

Nigeria Releases Virtual Asset Tax Guidelines, Crypto Trading Gains Officially Included in Tax Scope

According to The Nation, the Nigerian Tax Authority issued the "Virtual Asset Tax Guidelines", explicitly incorporating income from virtual asset transactions such as cryptocurrencies, stablecoins, utility tokens, security tokens, and non-fungible tokens into the existing tax system. The guidelines stipulate that gains generated from asset disposal, exchange, and transfer, as well as income derived from mining, staking, airdrops, token rewards, etc., must be taxed in accordance with the law. Virtual asset service providers are also required to fulfill obligations regarding tax registration, transaction information reporting, and suspicious transaction reporting to strengthen tax compliance and regulatory transparency in the country's digital asset sector.

Thailand SEC Files Criminal Complaint Against Bitkub and Two Former Directors Over 2021 False Reporting Case

According to The Nation Thailand, the Thai Securities and Exchange Commission has filed a criminal complaint with the Economic Crime Suppression Division against digital asset exchange Bitkub and its two former directors, alleging false statements in daily net capital reports submitted after the 2021 hacking incident. The incident resulted in the theft of approximately 1.7 billion baht worth of digital assets. The regulator believes that Bitkub failed to accurately reflect asset losses and related changes during the period from May to October 2021.

Illinois Enacts Nation’s Strictest Digital Asset Tax Law

According to a post by the Crypto Council for Innovation, Illinois Governor Pritzker has signed a digital asset tax bill—widely regarded as the nation’s most punitive digital asset tax regime—which will impose a disproportionate tax burden on Illinois residents using digital assets. The Council strongly opposes the measure, warning that it will drive innovators and developers out of the state, and has issued an official letter of opposition.