Following the collapse of cryptocurrency terra (LUNA) and stablecoin terrausd, the South Korean government is proposing stricter rules, including a common listing requirement, for all cryptocurrency exchanges in the nation (UST).
The Indian government is apparently considering levying a 28 percent GST on all cryptocurrency transactions. 'At the moment, just a portion of the services offered by crypto exchanges is taxed. One tax expert warned that taxing the entire transaction at a higher rate of 28 percent may send the markets into free collapse.'
Three African countries — Cameroon, the Democratic Republic of the Congo (DRC), and the Republic of the Congo — are apparently considering implementing cryptocurrency and blockchain technologies powered by The Open Network (TON). Cameroon, on the other hand, is considering launching a national stablecoin based on the same blockchain network.
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