Vietnam’s Finance Ministry has proposed a 0.1% tax on crypto transfers, a 20% corporate tax on crypto profits, and tougher licensing for exchanges, mirroring existing stock transaction levies. The measures could raise compliance costs and push trading offshore while signalling a move to formalize the market.
The Ministry of Finance will send a decree for public consultation to classify cryptocurrency transactions as foreign currency exchanges, a change that would let the government tax crypto operations. The move is expected to spark heated debate in Congress and face possible legal challenges.
Sina reports the People’s Bank of China and seven government ministries have issued a sweeping mandate to eliminate emerging risks in the digital asset sector, signaling a renewed crackdown. The move increases pressure on domestic exchanges, OTC desks and crypto-related businesses and could shift activity offshore.
Reports say Binance and Bybit temporarily halted withdrawals during a sharp crypto market sell-off on Feb 5, 2026. The pauses were reported as markets plunged, raising concerns about access to funds for traders.
Cardano has climbed back into the crypto top 10, with CoinMarketCap showing ADA's market cap at $10.6 billion versus Bitcoin Cash's $10.5 billion. The move follows a recent rebound after an earlier sell-off.
ProShares has launched KRYP, the first U.S. ETF built to track the CoinDesk 20 Index, offering investors one-click exposure to the 20 largest, most liquid cryptocurrencies. The fund aims to simplify diversified crypto exposure without buying individual tokens.
Kyrgyzstan has revised digital-asset legislation to define cryptocurrencies and stablecoins and to set rules for mining by state-controlled entities amid reports the EU may escalate sanctions over the country’s Russia ties. The changes raise compliance demands for operators and add uncertainty for miners and foreign partners.
U.S. investigators are probing whether certain crypto platforms were used by Iranian officials to evade sanctions, a blockchain researcher told Reuters amid a surge in cryptocurrency activity in Iran. The inquiry could widen scrutiny of exchanges and on‑ramps that service sanctioned jurisdictions.
Hong Kong on Jan 31, 2026 enacted new rules for stablecoins and tightened overall crypto oversight, calling the sector a “new growth engine.” Regulators say the move creates clearer frameworks for market participants and aims to boost investor protection and market integrity.
The US Treasury has blacklisted two UK-registered cryptocurrency exchanges tied to Iran’s financial network, marking the first time Washington has sanctioned digital asset trading platforms directly. The move restricts US dealings with the firms and raises secondary sanctions risk for counterparties.