ZEDXION

South Korea announces plans to reclassify cryptocurrency companies as startups, making them eligible for significant tax benefits and support programs. This policy shift follows ongoing debates about crypto taxation in the country since late 2024. Key changes: - Tax cuts for qualified crypto firms - Access to startup support programs - Recognition as legitimate business entities This reclassification marks a significant shift in South Korea's approach to crypto regulation, potentially making the country more attractive for blockchain businesses.

Vanadi, a prominent Spanish coffee chain, has approved a significant Bitcoin reserve strategy with a planned investment of $1.17 billion. This move positions them alongside companies like Strategy and Metaplanet in adopting Bitcoin for corporate treasury. The decision follows a growing trend of traditional businesses turning to Bitcoin as a value preservation tool. Recently, Hong Kong's Reitar Logtech announced similar plans with a $1.5B Bitcoin purchase. - First major F&B industry Bitcoin investment - Board approval secured for implementation - Part of broader corporate Bitcoin adoption trend This development signals increasing mainstream acceptance of Bitcoin as a corporate treasury asset.

**Amazon, Walmart, and Expedia** are exploring the possibility of launching their own stablecoins to reduce payment processing costs. This move could help these retail giants avoid expensive credit card transaction fees. The initiative represents a significant shift in how major retailers approach payment systems. By implementing stablecoins, these companies could: - Reduce transaction costs - Improve payment processing efficiency - Enhance cash flow management - Create new customer loyalty opportunities This development could potentially challenge traditional payment networks and accelerate mainstream crypto adoption in retail.

Several significant stablecoin developments marked this week in crypto: - Federal Reserve Governor recognizes stablecoins as legitimate payment tools - Dubai Financial Authority approves Ripple's RLUSD stablecoin - JPMorgan announces plans for cryptocurrency ETF financing services - Bipartisan support grows for Stablecoin Innovation Act in U.S. Senate - BCP receives FCA registration and launches GBP stablecoin These developments signal growing institutional acceptance and regulatory clarity in the stablecoin sector. The combination of traditional finance players and regulatory bodies taking concrete steps suggests a maturing ecosystem.

ZEDXION cryptocurrency exchange shows consistent trading performance in April 2025: - Daily volume: $1.55B (April 24) - Top performer: TRUMP/USDT (+31.15%) Historical context shows: - Volume range: $1.13B-$2.95B this month - Notable gainers included: * MYRO/USDT (+96.27%) * NULS/USDT (+84.24%) * MAGIC/USDT (+72.52%) [Visit ZEDXION](http://zedxion.io) for live trading data.

Kentucky has joined the growing list of states enacting digital asset legislation, with the Governor signing a new bill protecting digital asset rights. This follows Utah's successful passage of similar legislation and initiatives in Maryland, marking a significant trend in state-level crypto regulation. - 18 states now actively working on digital asset legislation - Builds on February's momentum when Utah cleared its bill - Represents growing state-level recognition of digital assets The law aims to establish clear guidelines for digital asset ownership and trading within Kentucky's jurisdiction.

Several major regulatory developments emerged in the crypto space this week: - Hong Kong Monetary Authority introduced a digital bond subsidy program to boost financial innovation - Busan, South Korea extended its blockchain regulatory-free zone status until 2027 - South Korean legislators are discussing potential delays to crypto taxation - DBS Hong Kong rolled out cryptocurrency ETF trading services for wealth management clients - Russia passed legislation officially recognizing Bitcoin and cryptocurrencies as property These developments signal continued institutional integration of digital assets across Asia and Eastern Europe.

Key developments in the crypto space this week: - Tether minted an additional $3B in USDT stablecoins, continuing its market expansion - Former President Trump is reportedly considering crypto lawyer Teresa Goody Guilln for SEC leadership - Hong Kong's Web3 ecosystem shows significant growth with Cyberport network reaching 270 blockchain firms - Galaxy Digital Research projects $47B in Bitcoin could move to Layer 2 solutions by 2030 - Speculation grows about potential US Bitcoin reserve policy under a future Trump presidency *This follows recent developments including a16z's positive outlook on crypto regulation under Trump and BlackRock's expansion of tokenized funds.*