Zeros

SEC Issues Custody Guidance for Digital Currency Investors The Securities and Exchange Commission has released an investor bulletin addressing custody arrangements for digital currencies. The document was issued on December 12 by the Office of Investor Education and Advocacy . The bulletin covers fundamental concepts related to wallet management and the differences between self-custody and third-party custodial arrangements. The guidance explains the operational differences between hot wallets and cold wallets . Hot wallets maintain an active internet connection and offer immediate access to assets. Cold wallets remain offline and provide enhanced security against remote attacks. The SEC noted that both approaches carry distinct risk profiles that investors must evaluate. The bulletin addresses the importance of private key security . Private keys function as the credential required to access and transfer digital assets. The SEC stated that loss of private keys typically...

Japan's Digital Asset Retreat : When Tax Policy Shapes Market Participation Recent reports indicate Japanese retail investors are pulling back from digital asset markets , and the culprit isn't market volatility or technological barriers— it's tax complexity . Japan's treatment of digital currency gains as miscellaneous income  subjects profits to rates as high as 55%, while simultaneously limiting loss deductions. For everyday investors, this creates a punishing environment that effectively discourages participation in what many view as an emerging asset class. The irony runs deep. Japan established one of the world's first formal stock exchanges in 1878, demonstrating centuries of sophisticated understanding of securities markets and capital formation. Japanese regulators aren't naive about financial innovation —they're deliberately cautious. Yet this caution, however well-intentioned, may be shutting ordinary citizens out of markets that co...