📢 Gate Square Exclusive: #WXTM Creative Contest# Is Now Live!
Celebrate CandyDrop Round 59 featuring MinoTari (WXTM) — compete for a 70,000 WXTM prize pool!
🎯 About MinoTari (WXTM)
Tari is a Rust-based blockchain protocol centered around digital assets.
It empowers creators to build new types of digital experiences and narratives.
With Tari, digitally scarce assets—like collectibles or in-game items—unlock new business opportunities for creators.
🎨 Event Period:
Aug 7, 2025, 09:00 – Aug 12, 2025, 16:00 (UTC)
📌 How to Participate:
Post original content on Gate Square related to WXTM or its
South Korea strengthens exchange regulation, Russia promotes encryption tax legislation.
Regulatory Dynamics
South Korean Financial Regulatory Agency Introduces New Measures
The Financial Intelligence Unit (FIU) of South Korea has recently introduced a series of new regulatory requirements for cryptocurrency exchanges. These measures require exchanges to identify and report any suspicious transactions within three working days. In addition, exchanges need to provide certification of their information protection management system, demonstrate agreements for real-name authentication cooperation with local banks, and prove the qualifications of key personnel.
At the same time, the South Korean Financial Services Commission is considering adjusting the regulations on shared orders in the Special Financial Transactions Act. The new amendment will allow this previously prohibited trading method under certain conditions. The legislative notice period for the amendment is set from February 18 to March 2.
Russia Advances Cryptocurrency Tax Legislation
The State Construction and Legislation Committee of the State Duma of Russia approved a cryptocurrency tax bill on February 15. This bill will amend the tax code of the Russian Federation, officially defining cryptocurrencies such as Bitcoin as property and imposing taxes on the profits generated from cryptocurrency transactions.
The bill applies to all individuals and organizations within the territory of Russia, including foreign citizens and international institutions. According to the regulations, if the annual total of cryptocurrency transactions exceeds 600,000 rubles (approximately 8,100 USD), the relevant parties must declare their transaction status. Those who fail to pay taxes as required will be fined 40% of the tax amount due.
It is reported that the Russian Duma plans to review this new cryptocurrency legislation on February 17.
Morocco Considers Issuing Central Bank Digital Currency
Morocco is studying the possibility of launching a central bank digital currency, demonstrating the country's focus on digital financial innovation. This move reflects the ongoing trend of central banks worldwide exploring digital currencies.