Author: NBTC

India is intensifying scrutiny of cryptocurrency activity as tax authorities flag system-estimated income that may not reflect actual profits, issuing reassessment notices that could reopen past filings and pressure traders to justify discrepancies. Key Takeaways: India is issuing Section 148A notices that can reopen past crypto filings for review. Systems may flag estimated income that does not reflect actual profits, increasing exposure. Data mismatches across exchanges and tax filings can escalate scrutiny and potential penalties. India Crypto Tax Notices Target Past Reporting Gaps Indian tax authorities are stepping up enforcement efforts targeting cryptocurrency transactions, especially those from earlier financial years…

China’s tax and financial regulators on Monday urged banks and local authorities to use blockchain and privacy computing to upgrade the “bank-tax interaction” model and expand financing for small businesses. The State Administration of Taxation and National Financial Regulatory Administration said in a joint policy notice that banks and taxpayers should standardize data sharing and reduce information asymmetry between tax authorities, banks and enterprises. The report also urged banks to improve credit models, enhance credit approval efficiency and increase the supply of financing services to “honest, tax-paying enterprises.” The directive aligns with China’s broader effort to integrate blockchain into data…

Israeli authorities indicted IDF reservist Raz Cohen on March 20 for passing classified Iron Dome air defense secrets to Iranian intelligence in exchange for approximately $1,000 in crypto. The Shin Bet and police’s Lahav 433 unit filed charges at Jerusalem District Court after a joint investigation conducted during Operation Roaring Lion. He Had Access to Iron Dome’s Secrets. Iran Bought Them for $1,000 in Crypto Cohen, 26, served in the Iron Dome system’s command and control unit during mandatory service from 2019 to 2022. According to the Times of Israel, he maintained contact with an Iranian handler on Telegram starting…

Japan’s regulators are raising concerns over disclosure gaps, investor risks, and speculative trading, as the Financial Services Agency signals a more cautious approach that could tighten oversight without limiting market innovation. Key Takeaways: Japan raises serious concerns that could drive sweeping new regulations across crypto markets. The FSA signals tougher oversight through more effective and stringent regulations on providers. The FSA warns that wide crypto regulation may be needed to protect users from meme coin-driven risks. Regulators Intensify Oversight as Japan’s Crypto Market Enters Critical Transition Phase Japan’s crypto market is entering a more scrutinized phase as regulators focus on…

Korean super app Toss is weighing a custom Layer 1 or Layer 2 blockchain and native token to power its “Money 3.0” stablecoin push as Seoul finalizes a strict digital asset law. South Korean payment and banking giant Toss is considering building its own blockchain network and issuing a native cryptocurrency, a move that would extend the super app’s stablecoin and Web3 ambitions into a full-stack digital asset platform, according to reporting from The Block. People familiar with internal discussions told Crypto In America that Toss is weighing whether to launch on a standalone Layer 1 mainnet or pursue a…

Traditional banks will not dominate the crypto market. Stijn Vander Straeten, CEO of Deutsche Börse subsidiary Crypto Finance, revealed why crypto-native platforms are moving faster on innovation. The assessment is notable given Vander Straeten leads a firm owned by one of the world’s largest traditional exchange operators. His company is FINMA-regulated in Switzerland and was among the first to secure MiCA licensing in Europe. Banks Lag, Crypto Leads In an interview with BeInCrypto at MERGE São Paulo, Vander Straeten explained that large financial institutions must wait for regulators before entering new spaces. That structural delay means DeFi adoption by banks…

SEOUL, South Korea – December 2025 – KakaoPay, South Korea’s leading fintech platform, has made a strategic leap into global blockchain infrastructure by joining the Coinbase-led x402 Foundation as a founding member. This significant development positions the Korean company alongside technology and financial giants including Google, Amazon Web Services, Visa, and Microsoft in shaping the future of instant on-chain payments. The move represents a pivotal moment for both KakaoPay and South Korea’s broader cryptocurrency ecosystem, potentially accelerating mainstream adoption of blockchain-based financial services across Asia and beyond. KakaoPay Joins Elite x402 Foundation Consortium The x402 Foundation represents an unprecedented collaboration…

Investors gain perspective on revolut shareholder reports outlining 2024 user growth and activity, offering a concise view of momentum. Investors looking for clarity on Revolut shareholder reports can now access a streamlined set of data that showcases how 2024 reshaped the companys customer base and activity. Revolut investor information at a glance The dedicated shareholder section brings together all of Revoluts key financial information in one place. It is curated specifically for shareholders who want quick access to the latest figures and supporting documents. Moreover, it acts as a central hub for monitoring how the business evolves over time. Through…

In a significant move for blockchain interoperability, crypto analytics leader Nansen has activated a direct cross-chain swap feature, enabling users to seamlessly exchange assets between the Base and Solana networks as of March 2025. This development directly addresses a core challenge in the decentralized finance (DeFi) landscape by bridging two of the ecosystem’s most prominent and active chains. Consequently, it unlocks new avenues for liquidity and user movement across previously siloed environments. The integration leverages advanced messaging protocols to facilitate secure asset transfers, marking a pivotal step toward a more interconnected multi-chain future. Nansen’s Strategic Move into Cross-Chain Swaps Nansen,…

Apollo Global Management capped investor redemptions at one of its largest non-traded private credit funds, Apollo Debt Solutions. According to a shareholder letter, it capped redemptions at 5% of outstanding shares after investors sought to withdraw roughly 11.2%. The move follows similar restrictions at other private credit funds in recent weeks, deepening concerns across the $1.8 trillion private credit market. BlackRock imposed a similar 5% cap on its $26 billion HPS Corporate Lending Fund in early March, after withdrawal requests hit 9.3% of net asset value. Blue Owl Capital also permanently ended quarterly redemptions at Blue Owl Capital Corp II…