[The Japanese Government Plans to Postpone the Implementation of Separate Taxation for Crypto Assets to January 2028] The Japanese government plans to postpone the implementation of the separate taxation policy for crypto asset declarations to January 1, 2028. Although the market had anticipated that the new tax system might be implemented within 2027 following the passage of the Financial Instruments and Exchange Act amendment, the government prefers to proceed with the reform after confirming market conditions under the new legislation. Currently, profits from crypto asset trading in Japan are classified as miscellaneous income, with a maximum tax rate of 55%. The industry has called for a change to a 20% separate taxation rate. The government stated that the delay is due to the need to further improve investor protection measures.

[The UK Plans to Regulate Cryptocurrency Using Financial Product Models Starting October 2027] The UK is expected to implement regulations for cryptocurrencies based on the regulatory models of other financial products starting in October 2027. The UK Treasury has submitted a new bill requiring cryptocurrency businesses to comply with various standards and regulations and to be supervised by the Financial Conduct Authority (FCA). According to the bill, cryptocurrency exchanges and digital wallet service providers offering services within the scope of anti-money laundering regulations in the UK must register with the FCA and be subject to its oversight. The Treasury stated that the new regulations, once implemented, will help enhance industry transparency and consumer trust, while making it easier to identify suspicious transaction activities.

[Bhutan Commits 10,000 Bitcoins to Develop the Glelup Mindfulness City] Bhutan has announced it will allocate 10,000 Bitcoins (approximately $875 million) from its reserves to construct the Glelup Mindfulness City (GMC). Bhutan currently holds around 11,286 Bitcoins, with a total value exceeding $986 million, making it the fifth-largest Bitcoin-holding nation globally. GMC is set to launch in 2024, covering an area of approximately 1,544 square miles, aiming to attract financial, technology, and other enterprises. The project will be developed in phases over the next 20 years and has already introduced the gold-backed sovereign digital token, TER.

[Santiment: Retail sentiment turns bearish, historically signaling a price rebound] Retail investors' sentiment toward cryptocurrencies has generally turned bearish. Santiment data shows that historically, this is a bullish contrarian signal, as prices tend to rebound when retail investors anticipate further declines.

[BitsLab Co-Founder Reports Vulnerabilities in Multiple Leading Extension Wallets That Could Lead to Private Key Theft] BitsLab Co-Founder Luis_0xyi posted on the X platform, warning Windows users with large funds to exercise caution when using Chrome extension wallets. He pointed out that BitsLab recently discovered vulnerabilities in over a dozen leading extension wallets that could be exploited to directly steal private keys. Affected products include extension wallets from major exchanges such as Coinbase Wallet and Binance Wallet. The exploitation scenarios have certain requirements, and specific details will be disclosed after the vulnerabilities are fixed.