Japan’s National Tax Agency has partially revised its corporate tax guidelines, implementing new tax rules for token issuers.

The hacker managed to steal $794,000 worth of crypto from an exchange via a SIM swap attack on an executive, but didn’t cover his tracks well.

Julia Leung Fung-yee said incorporating virtual assets into the regulatory system was crucial after FTX’s bankruptcy.

Legal representatives of the media outlets have reportedly argued that FTX is not entitled to a “novel and sweeping exception” just because its customers use cryptocurrency.

According to Fabio Panetta, crypto volatility and aspects of blockchain technology made digital assets only suitable for gambling.

Wirex cards may stop working in the European Economic Area, but funds held in the account are safe, the company said.

The regulator said Binance must cease “with immediate effect” all crypto-related services in Belgium after being unable to provide sufficient information on its non-EEA companies.

The United States Supreme Court ruled in favor of Coinbase in its first-ever opinion on a cryptocurrency case on June 23.

The latest regulatory approval for the crypto exchange comes within weeks of acquiring a major payment institution license from regulators in Singapore.

This development comes amid a global regulatory crackdown on Binance, which is facing investigations in multiple countries.