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CFTC Issues Second Warning on Prediction Market Self-Certifications

The US Commodity Futures Trading Commission (CFTC) on Friday issued its second warning this year to prediction markets operators regarding self-certification practices for event contracts. The regulatory advisory, released July 24, targets platforms submitting broad template-style certifications
LucasBennett·27m ago
CFTC Issues Second Warning on Prediction Market Self-Certifications

South Korea RIA Accounts Hit 313,594 as Tax Deadline Nears

South Korea's Return to Domestic Market Investment Accounts reached 313,594 as of the end of last month, according to the Financial Supervisory Service on July 26. The account total represents a 3.8-fold increase from 83,035 accounts at the end of March. The RIA program offers tax deductions to
LucasBennett·5h ago
South Korea RIA Accounts Hit 313,594 as Tax Deadline Nears

Korean Banks See 40 Trillion Won Shift from Demand to Time Deposits

South Korea's top five banks saw demand deposits plunge over 40 trillion won this month as of May 23, while time deposits surged by 22 trillion won, according to data reported on May 26. The shift follows a month-long stock market correction and the Bank of Korea's decision to raise its base rate
LucasBennett·7h ago
Korean Banks See 40 Trillion Won Shift from Demand to Time Deposits

South Korea Tax Chief Calls High-Value Property Deduction 'Ultimate Inequality'

National Tax Service Commissioner Lim Gwang-hyun posted on social media advocating for a reduction of the long-term capital gains tax deduction for high-value property sales. The current policy allows single-homeowners selling properties valued over 1.2 billion won to receive up to 80% tax deduction
CryptoFrontier·7h ago
South Korea Tax Chief Calls High-Value Property Deduction 'Ultimate Inequality'