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South Africa proposes crypto tax guidance under existing framework

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South Africa’s tax authority proposed draft guidance clarifying how crypto assets are taxed under existing income and capital gains tax rules, seeking public input until Aug. 31.

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Coin Market

Bybit secures first full Dubai license for spot trading services

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Bybit’s new VARA licence authorizes spot trading services in Dubai, but the exchange must complete additional regulatory requirements before launching.

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Cysic dangles a 10% bounty, hacker pours loot into Tornado Cash

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The attacker moved $744,000 in ETH and BNB to Tornado Cash after exploiting Cysic’s bridge to mint 10 million tokens on BNB Smart Chain.

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HSBC launches Hong Kong dollar stablecoin for retail payments

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HSBC is rolling out RedCoin wallets to PayMe users, with plans to support tokenized investment subscriptions and expand into institutional uses.

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