MAROKO133 Breaking crypto: Coinbase and Mastercard in Advanced Talks to Acquire UK Stablec

📌 MAROKO133 Eksklusif crypto: Coinbase and Mastercard in Advanced Talks to Acquire

Coinbase and Mastercard are reportedly in advanced talks to acquire London-based stablecoin firm BVNK, in what could become the largest stablecoin acquisition to date, according to Fortune.

The deal, estimated between $1.5 billion and $2.5 billion, remains under negotiation with no confirmed winner, though sources say Coinbase currently has the upper hand.

If completed, the acquisition would mark a major milestone for both the crypto and traditional finance sectors, underscoring the growing convergence between blockchain-based payments and established financial infrastructure.

BVNK Emerges as Key Infrastructure Provider Powering Global Stablecoin Payments

Founded in 2021, BVNK has quickly become one of the most prominent players in stablecoin infrastructure.

The company helps businesses integrate stablecoins into payments, cross-border transactions, and global treasury operations.

Its clients include financial institutions seeking to move money instantly without relying on traditional rails.

BVNK previously raised $50 million in a December round led by Haun Ventures, with participation from Coinbase Ventures, Tiger Global, and Visa and Citi’s venture arms. The firm was valued at roughly $750 million at the time.

If the deal closes, it would surpass Stripe’s $1.1 billion acquisition of Bridge, a stablecoin startup purchased earlier this year. Both moves highlight the strategic value stablecoin infrastructure now holds for fintech and payments leaders.

The interest from Coinbase and Mastercard comes as stablecoins are experiencing explosive growth.

The market has expanded to over $304 billion, according to DeFiLlama, boosted by the passage of the US GENIUS Act, signed by President Donald Trump in July.

The legislation provides a federal framework for stablecoin issuance and transparency, fueling new institutional demand.

Stablecoins, digital tokens pegged to fiat currencies like the US dollar, have become central to global payments innovation.

Proponents argue they are faster, cheaper, and more efficient than legacy systems, with settlement times in seconds rather than days.

Banks Turn to Stablecoins as Competition Increases

In August, Citigroup CEO Jane Fraser confirmed the bank is “looking at the issuance of a Citi stablecoin” while developing tokenized deposit services for corporate clients seeking 24/7 settlement capabilities.

Earlier in June, JPMorgan also launched JPMD deposit tokens for institutional blockchain payments while CEO Jamie Dimon was questioning its use case.

The bank served as lead underwriter for Circle’s IPO, which has climbed over 500% since its $31 offering price.

It also appears that some institutions are showing approval to control stablecoins, as seen in the recent Bank of England’s proposal for strict ownership.

The bank caps between £10,000 and £20,000 for individuals and £10 million for businesses, which triggered widespread backlash.

As reported, Crypto.com is integrating Morpho, the second-largest DeFi lending protocol, into its platform to launch stablecoin lending markets directly on the Cronos blockchain.

The partnership will allow users to deposit wrapped versions of Bitcoin and Ethereum (CDCBTC and CDCETH) and borrow stablecoins against them without leaving the Crypto.com ecosystem.

The post Coinbase and Mastercard in Advanced Talks to Acquire UK Stablecoin Firm BVNK appeared first on Cryptonews.

🔗 Sumber: cryptonews.com

📌 MAROKO133 Eksklusif crypto: S Korean Tax Agency: Pay Your Bills or We’ll Take Yo

The South Korean tax agency has told crypto holders that officers will visit their homes to seize cold wallets if they fail to pay their tax bills.

The South Korean newspaper Hankook Ilbo reported that the comments came from the National Tax Service (NTS) on October 9.

South Korean Tax Agency: We Can Confiscate Your Cold Wallet

Tax bodies around the country have already launched crackdowns on local tax evaders that hold crypto wallets on domestic trading platforms.

In recent weeks, city authorities have expanded these to cover people who fail to pay water bills and traffic fines.

But the NTS’ warning shows that the agency is aware that many crypto holders keep their coins offline, using self-custody solutions. An agency spokesperson said:

“We can now monitor a non-compliant taxpayer’s crypto transaction history using [blockchain protocol] tracking programs. And if we suspect they are hiding their coins offline, we can conduct searches at their homes, confiscating [hard drives or PCs].”

However, one notable blind spot appears to be standing in the NTS’ path. The newspaper wrote:

“Problems occur in cases where non-compliant taxpayers use overseas crypto exchanges. Since domestic law does not apply overseas, the [NTS] must rely on the cooperation of foreign governments to determine the nature of a delinquent taxpayer’s assets.”

And while the Multilateral Tax Administration Cooperation Agreement allows Seoul to work with 74 nations on tax collection matters, this may not be enough.

South Korea has no such agreements with the United States, nor with nations like China or Russia.

And there is evidence to suggest that an increasing number of South Korean crypto traders are shunning domestic platforms in favor of foreign or decentralized alternatives.

Data from the Financial Supervisory Service (FSS), one of the country’s top financial regulators, shows that as of the first half of this year, the amount of crypto transferred from domestic exchanges to overseas firms or individual wallets amounted to 78.9 trillion won ($55.6 billion).

How Does The NTS Seize Crypto from Domestic Exchange Wallets?

Under the terms of the National Tax Collection Act, the tax agency can impose “right to question and inspect” orders on individual accounts.

The NTS usually issues these orders to exchanges in habitual non-payment cases, particularly if suspected tax evaders claim they cannot afford to pay their outstanding bills.

If the NTS’ probes confirm that the individual holds crypto, the exchange responds by suspending their wallets.

All coins in the account are then transferred to the NTS’ own wallets. Some local tax bodies then give crypto holders ultimatums, warning them that the tax agency will liquidate the tokens if the holders do not settle their tax bills.

If they fail to respond, the agency immediately sells the crypto for fiat “at market price.”

According to NTS data submitted to the offices of the Democratic Party lawmaker Kim Young-jin, the tax service “has seized and collected virtual assets from 14,140 delinquent taxpayers over the past four years.”

This has seen the NTS and its regional affiliates liquidate 146.1 billion won ($103 million) worth of crypto in the same period.

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🔗 Sumber: cryptonews.com