Beginning January 2023, wallet providers and digital asset exchanges in Switzerland will be mandated to follow the new KYC regulations, including a CHF1,000 threshold on digital asset transactions.
Digital currency investors in Australia will be mandated to pay capital gain tax from their asset sales after the government decided against viewing "crypto" as foreign currency.
Prime Minister Pham Minh Chinh is calling for action as he believes “it is necessary to study appropriate sanctions, and assign the government to make detailed regulations" targeting the industry.
South Korea is going hard on its efforts to monitor the digital asset industry as money laundering cases become rampant, with the Financial Services Commission saying it will be on the lookout for 'crypto' whales.