Regulatory Action - South Korea's Financial Services Commission (FSC) has ordered domestic exchanges to suspend all crypto lending programs, citing risks of user losses and operation in a legal gray zone [1] - Exchanges must comply with the FSC's order or face on-site inspections [1] - The FSC will allow existing contracts to be repaid or extended but has barred fresh lending [3] - The regulator plans to formalize digital asset lending with new guidelines once user safeguards are in place [3] Market Impact - Approximately 27,600 investors borrowed ₩1.5 trillion (approximately $1.1 billion) in the first month of one firm's lending program [2] - About 13% of the loans were liquidated due to price swings [2] - The FSC flagged market disruption, citing an abnormal USDT sell-off linked to the new lending services [2] Lending Program Details - Upbit allowed users to borrow up to 80% of their deposits against BTC, XRP, or USDT [2] - Bithumb offered loans worth up to four times collateral [2] Future Outlook - South Korea is shifting towards structured crypto regulation, preparing spot ETFs, easing institutional curbs, and drafting a stablecoin framework pegged to the won [3] - Leveraged lending is currently on pause but not ruled out in the future [3]

RT BSCN (@BSCNews)INDIA MAY SOFTEN CRYPTO TAX GRIP — CBDT OPENS TALKS- India’s tax office has opened formal talks with crypto firms, marking a potential shift from its harsh stance.- The Central Board of Direct Taxes (CBDT) circulated a detailed questionnaire to exchanges this month, asking for input on how to design a workable regime for virtual digital assets (VDAs).- Questions cover whether India should draft a dedicated law, which agency should oversee it, and how to refine tax rules.- Stakeholders were ...

COMMENT: The questions focus on whether India needs a dedicated law, which agency should regulate it, and how tax rules should be improved.BSCN (@BSCNews):INDIA MAY SOFTEN CRYPTO TAX GRIP — CBDT OPENS TALKS- India’s tax office has opened formal talks with crypto firms, marking a potential shift from its harsh stance.- The Central Board of Direct Taxes (CBDT) circulated a detailed questionnaire to exchanges this month, asking https://t.co/YwlFxaBLyU ...

Cryptocurrency Market Overview - U.S spot Ethereum ETFs hold over 5% of the total ETH supply [1] Regulatory Developments - Illinois passed two cryptocurrency regulation bills concerning exchanges and crypto ATMs [1] - South Korea mandates exchanges to halt cryptocurrency lending services pending new regulatory guidelines [1]

🇰🇷 TODAY: South Korea's Financial Services Commission issues administrative guidance ordering crypto exchanges to suspend new lending operations until proper guidelines are established. https://t.co/Fc65usPkQi ...

Regulatory Action - South Korea's FSC ordered domestic exchanges to halt all crypto lending programs, citing legal gray areas and user loss risks [1] - Exchanges must comply with the suspension order or face on-site inspections [1] - The FSC will allow existing contracts to be repaid or extended but prohibits new lending [3] Market Impact - Approximately 27,600 investors borrowed ₩1.5 trillion (approximately $1.1 billion) in the first month of one firm's program [2] - About 13% of borrowers faced liquidation due to price swings [2] - The agency flagged market disruption, citing an abnormal USDT sell-off linked to the new lending services [2] Industry Response & Future Outlook - The crackdown follows the rapid rise of lending services launched in July [2] - Upbit allowed users to borrow up to 80% of their deposits against BTC, XRP, or USDT [2] - Bithumb offered loans worth up to four times collateral [2] - South Korea is shifting towards structured crypto regulation, preparing spot ETFs, easing institutional curbs, and drafting a stablecoin framework pegged to the won [3]

Regulatory Landscape & Taxation - India's tax office (CBDT) initiates formal discussions with crypto firms, signaling a potential shift from its stringent stance [1] - CBDT seeks input on designing a workable regulatory regime for virtual digital assets (VDAs) [1] - Stakeholders are consulted on the 30% flat tax and the 1% tax deducted at source (TDS) on trades [2] - CBDT addresses concerns regarding derivatives, cross-border transactions, and compliance with the OECD's new global reporting standard [2] Industry Concerns & Market Impact - The industry argues that current tax rules stifle liquidity and drive traders to friendlier markets [2] - Crypto exchanges compare India's regulations with those in other major jurisdictions [3] - The current framework taxes crypto more heavily than equities, treating every trade as a taxable event, hindering domestic activity [3] Future Outlook - Legal experts suggest the consultations could be the first step towards comprehensive regulation [3] - Crypto firms hope for a fairer tax regime and clarity on oversight [3] - India's future actions will determine its role in the global digital asset market [4]

South Korea’s financial regulator to submit stablecoin regulation bill in October https://t.co/J7eCnXeljw ...

AI 监管与政策 - 行业共识转变：整个行业逐渐意识到需要对 AI 进行合理监管，保持行业健康发展 [1] - 政策制定需谨慎：政策制定者应充分了解技术，避免仓促立法，对创新造成阻碍 [1] - 监管应适度：在 AI 技术发展初期就进行严格监管可能会扼杀创新，应在技术成熟后再决定如何监管 [1] - 行动计划的意义：美国政府的 AI 行动计划标志着一种转变，即在 AI 发展中纳入技术专家的意见 [4] 开源 AI 的讨论与转变 - 开源 AI 的争议：早期对开源 AI 的批评主要集中在潜在风险上，例如可能被用于制造生物武器 [2] - 行业态度的转变：随着中国在 AI 模型方面的快速发展，行业对开源 AI 的态度发生了转变，意识到限制开源可能会阻碍创新 [1] - 开源 AI 的商业模式：开源 AI 逐渐被视为一种可行的商业策略，尤其是在满足政府和传统行业对安全和控制的需求方面 [5] AI 风险与机遇 - AI 发展需平衡风险与机遇：在关注 AI 潜在风险的同时，也应充分认识到 AI 在科学发现和解决全球性问题方面的巨大潜力 [7][8] - 评估 AI 风险需谨慎：在评估 AI 风险时，应基于科学依据，避免夸大风险，并借鉴以往技术发展的经验 [3] - 避免过度监管：不应因对 AI 系统缺乏完全理解而阻止其部署，而应通过教育、测试等方式来管理风险，充分利用 AI 的价值 [12]

Hong Kong regulator tightens custody standards for crypto exchanges amid rising global risks https://t.co/t70tfbSHIy ...