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South Korea’s Opposition Party Introduced Bill to Abolish Crypto Capital Gains Tax 

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South Korea’s main opposition party, the People Power Party (PPP), has recently introduced a bill to abolish the planned cryptocurrency capital gains tax.

This tax, often referred to as a 20% rate; technically 20% national income tax plus 2% local surcharge, totaling up to 22%, targets annual gains exceeding 2.5 million Korean won roughly $1,665–$1,900 USD. It was originally legislated in 2020 but has been postponed multiple times due to industry pushback, investor concerns, and political debates—shifting from an initial 2022 start to the current scheduled date of January 1, 2027.

As of March 2026, cryptocurrency gains remain untaxed in South Korea—no capital gains tax on crypto applies yet. The PPP’s bill, proposed around March 19, 2026 spearheaded by figures like Rep. Song Eon-seok, seeks to amend the Income Tax Act by completely removing the provisions for digital asset taxation.

Key arguments include: Tax unfairness — Traditional investments like stocks are no longer subject to similar income taxes following recent policy changes, creating an uneven playing field for crypto investors. Risk of stifling innovation in the blockchain and digital asset sector.

Concerns over enforcement, double taxation risks, and disproportionate impact on retail investors. The ruling Democratic Party has indicated it will review and discuss the proposal, though no firm commitment to support or oppose has been finalized.

This is the latest development in a long-running saga, with prior delays reflecting similar pressures.This move has generated positive sentiment in crypto communities, including on X, where users highlighted it as potentially bullish for adoption, liquidity, and market momentum in South Korea—one of the world’s largest crypto markets.

If passed, it would eliminate the tax entirely rather than just delay it again. However, the bill must go through the National Assembly process, so the outcome remains uncertain at this stage. Japan’s cryptocurrency tax policies remain in a transitional phase, with significant reforms proposed but not yet fully implemented.

Cryptocurrency gains in Japan are classified as miscellaneous income under the National Tax Agency (NTA) guidelines. This includes profits from trading, mining, staking rewards, airdrops, and other crypto-related activities. Gains are added to your total taxable income and subject to progressive income tax rates (national) plus a flat 10% local inhabitant tax.

National income tax brackets range from 5% (on lower income) up to 45% (on income over ¥40 million, approx. $260,000+ USD), resulting in a maximum effective rate of around 55% for high earners when including local tax.

There is no separate capital gains tax category for crypto unlike stocks or other securities, which enjoy a flat ~20% rate under separate taxation. Losses from crypto can offset other miscellaneous income but not salary or business income in most cases, and carry-forward rules are limited.

Reporting is required if annual miscellaneous income exceeds ¥200,000 (~$1,300 USD), with detailed transaction records needed in yen terms. This high progressive rate has been criticized for discouraging retail and institutional participation, pushing some trading activity overseas or into indirect vehicles like Bitcoin-related stocks.

In late 2025 (December), Japan’s ruling coalition released the 2026 Tax Reform Outline, proposing major changes to align crypto more closely with traditional financial assets like equities:Introduce a flat separate taxation rate of 20.315%; 20% national + 0.315% reconstruction surtax, often rounded to 20% on gains from specified crypto assets.

This would apply to certain transactions involving digital assets handled by registered Financial Instruments Business Operators under the Financial Instruments and Exchange Act (FIEA). Major cryptocurrencies like Bitcoin and Ethereum are expected to qualify as “specified” assets on licensed domestic exchanges.

The reform aims to level the playing field with stocks/investment trusts (already at ~20%) and boost domestic adoption, innovation, and revenue through increased activity. Additional elements include potential loss carry-forwards, mandatory disclosures for listed tokens, insider trading rules, and broader regulatory oversight.

The changes are contingent on amendments to the FIEA and other laws. Implementation is targeted for transactions on or after January 1, 2028, though some sources reference earlier application or phased rollout starting 2026/2027 for eligible assets.

As of March 2026, these reforms have been approved in the tax blueprint and supported by the government/FSA, with momentum following political developments. However, they await full legislative passage in the Diet (parliament) during 2026 sessions. No major changes have taken effect yet—crypto remains under the progressive miscellaneous income regime.

This shift is viewed positively in the crypto community as a step toward making Japan more competitive globally, similar to how stock taxation works, and could encourage institutional entry and domestic trading revival.

Nissan Bets on Plug-Free Hybrid to Bridge EV Gap as U.S. Buyers Hesitate

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Nissan Motor is preparing to introduce a new hybrid system to the U.S. market that departs sharply from conventional designs, CNBC reports.

The move positions the automaker as a middle ground between gasoline vehicles and full electric cars at a time when consumer demand is shifting more cautiously than expected.

The system, branded “e-Power,” is a series hybrid—an architecture in which a gasoline engine never directly drives the wheels. Instead, the engine functions solely as a generator, producing electricity that powers electric motors responsible for propulsion. The result, according to company engineers, is a driving experience closer to a battery-electric vehicle, without the need for charging infrastructure.

“This is a unique powertrain for the U.S.,” said Kurt Rosolowsky, a vehicle evaluation and test engineer at Nissan North America. “This is an electrically driven vehicle, as far as what is powering the wheels, but it doesn’t have a plug, and you fill it up with gas like you do with a normal car.”

The technology differs from traditional hybrids, such as the Toyota Prius produced by Toyota Motor, where both the electric motor and the internal combustion engine can power the wheels. In Nissan’s configuration, the internal combustion engine is decoupled from the drivetrain, eliminating the need for a conventional transmission and driveshaft. That mechanical simplification reduces noise, vibration, and harshness, commonly referred to in the industry as NVH.

Nissan plans to roll out the system later this year in a redesigned version of its Rogue compact SUV, one of its best-selling models in the United States. The timing aligns with a broader recalibration across the auto industry. After heavy spending on electric vehicles yielded weaker-than-expected returns, manufacturers are pivoting toward hybrids as a more commercially viable near-term solution.

S&P Global Mobility forecasts hybrid vehicles will account for 18.4% of new U.S. vehicle sales this year, up from 12.6% last year and 7.3% in 2023. By contrast, fully electric vehicles are projected to decline to 7.1% of sales from 8% a year earlier.

The move is also expected to address a competitive gap for Nissan. The company has lagged rivals such as Honda Motor and Toyota in hybrid adoption, even as it was an early entrant in electric vehicles with the Leaf. The financial strain from EV investments has pushed the company to diversify its electrification strategy.

The e-Power system is not new globally. Nissan introduced it in Japan in 2016 and has since sold more than 1.6 million vehicles equipped with the technology across nearly 70 countries. What is new is its adaptation for U.S. consumer expectations, which have historically favored higher power output and sustained highway performance.

To address that, Nissan has developed a more powerful 1.5-liter, three-cylinder turbocharged engine specifically for the U.S. version.

“The turbo is only there to serve efficiency at higher speeds for the gas engine to deliver energy,” Rosolowsky said, acknowledging a known limitation of series hybrids: reduced efficiency at sustained high speeds compared with conventional hybrids.

Industry analysts say the approach could find traction if execution matches expectations. “I think it’s going to be a really good system. I think it’s going to be very popular for Nissan in the new Rogue when it arrives later this year,” said Sam Abuelsamid, vice president of market research at Telemetry.

Early driving impressions from European models equipped with e-Power suggest the system delivers strong low-speed acceleration and effective regenerative braking, hallmarks of electric vehicles, while maintaining the familiarity of a gasoline-powered car. Drivers hear the engine rev, but without gear shifts or the mechanical lag associated with traditional transmissions.

The absence of a plug may also prove decisive. While fully electric vehicles continue to face infrastructure and range concerns in parts of the U.S., e-Power offers a transitional model: electric drive characteristics without dependence on charging networks. That could appeal to buyers reluctant to commit to battery-only vehicles but seeking improved fuel efficiency.

Fuel economy remains a key selling point. A European version of the Rogue Sport equipped with e-Power has demonstrated more than 40 miles per gallon in heavy city driving, compared with just over 30 mpg for current U.S. Rogue models, based on data from the Environmental Protection Agency. Nissan has not yet released official figures for the upcoming U.S. variant.

The system’s modular design could allow broader deployment across Nissan’s lineup. “If we were to expand this to other vehicles, you can theoretically bolt this onto another gasoline engine of a different size and have more options for an e-Power system,” Rosolowsky said.

Rising fuel prices, partly driven by geopolitical tensions in energy-producing regions, are reshaping consumer priorities. At the same time, slower EV adoption is forcing automakers to reconsider timelines for full electrification.

In that environment, Nissan’s series hybrid enters the U.S. market as a calculated compromise.

Palantir’s Maven AI System Gains Official Program of Record Status at Pentagon, Locking in Long-Term Funding and Expanded Military Use

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Deputy Secretary of Defense Steve Feinberg has directed the U.S. military to designate Palantir Technologies’ Maven Smart System as an official “program of record,” a formal status that secures stable, long-term funding and accelerates its adoption across all branches of the armed forces, according to a March 9, 2026, letter reviewed by Reuters.

In the memo sent to senior Pentagon leaders and U.S. military commanders, Feinberg wrote that embedding Maven would equip warfighters “with the latest tools necessary to detect, deter, and dominate our adversaries in all domains.”

The designation is expected to take effect by the end of the current fiscal year on September 30, 2026. The move transfers oversight of Maven from the National Geospatial-Intelligence Agency to the Pentagon’s Chief Digital and Artificial Intelligence Office within 30 days. Future contracting will shift to the Army, streamlining procurement and integration.

“It is imperative that we invest now and with focus to deepen the integration of artificial intelligence across the Joint Force and establish AI-enabled decision-making as the cornerstone of our strategy,” Feinberg stressed.

Maven’s Role in Current Operations

Maven serves as the U.S. military’s primary AI command-and-control platform for analyzing battlefield data from satellites, drones, radars, sensors, and intelligence reports. The system uses AI to automatically identify potential threats, including enemy vehicles, buildings, and weapons stockpiles. It has supported thousands of targeted strikes against Iran over the past three weeks amid the ongoing U.S.-Israeli war.

During a presentation at a Palantir event earlier this month, Pentagon official Cameron Stanley demonstrated Maven’s capabilities for weapons targeting in the Middle East. He showed heat map screenshots from the platform and noted: “When we started this, it literally took hours to do what you just saw.”

Palantir maintains that Maven does not make lethal decisions. Humans remain responsible for selecting and approving targets. The company stresses that its software is a decision-support tool, not an autonomous weapon.

Path to Program of Record Status

The program originated in 2017 as Project Maven, initially focused on labeling drone imagery. Palantir took over as the primary contractor in 2024 with a deal worth up to $480 million. That contract ceiling was raised to $1.3 billion in May 2025.

In testimony before the House Armed Services Committee in 2024, Palantir Chief Technology Officer Shyam Sankar said Maven had “tens of thousands” of users and urged Congress to provide additional funding.

Official program of record status will make Maven a permanent line item in defense budgets, reducing reliance on annual ad hoc appropriations and enabling broader deployment across combatant commands, services, and joint operations.

One lingering issue is Maven’s integration of Anthropic’s Claude AI model. Reuters previously reported that Anthropic was deemed a supply-chain risk by the Pentagon in early March 2026 after refusing to remove restrictions on mass domestic surveillance and fully autonomous lethal weapons.

Defense Secretary Pete Hegseth imposed a six-month phase-out of Anthropic tools across federal agencies and contractors, though a later Pentagon memo allowed continued use if deemed critical to national security.

United Nations expert panels have repeatedly warned that AI-assisted targeting without human intervention raises ethical, legal, and security risks due to potential biases in training data. Palantir insists humans retain ultimate responsibility for lethal decisions.

The designation is a major victory for Palantir, which has secured a growing portfolio of defense contracts, including a 2025 U.S. Army deal worth up to $10 billion. These awards have helped double the company’s stock price over the past year, lifting its market value to nearly $360 billion.

The decision also reflects the Pentagon’s accelerating embrace of AI as a core enabler of modern warfare. With the Middle East conflict ongoing and no clear end in sight, Maven’s expanded role could deepen U.S. reliance on commercial AI providers while intensifying debates over the ethics, reliability, and strategic risks of automated targeting systems.

As the military moves to institutionalize Maven, after jettisoning Anthropic, the U.S. is potentially setting the framework for AI policy and the broader integration of commercial technology into national security missions.

Trump Administration Temporarily Waives Sanctions on Iranian Oil to Ease Surging Prices Amid Iran War

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The administration of Donald Trump has temporarily relaxed sanctions on Iran’s oil exports, allowing purchases at sea for 30 days in an effort to contain surging global energy prices driven by the ongoing U.S.-Israeli conflict.

Treasury Secretary Scott Bessent said the waiver could inject about 140 million barrels of crude into global markets, offering short-term supply relief after oil prices climbed roughly 50% since the war began on February 28.

“In essence, we will be using the Iranian barrels against Tehran to keep the price down as we continue Operation Epic Fury,” Bessent said, framing the move as a tactical adjustment rather than a shift in broader policy.

The license, posted by the Treasury Department, allows Iranian crude already loaded onto vessels to complete its sale or delivery, including potential import into the United States, though such imports remain unlikely given decades of sanctions dating back to the 1979 revolution. The waiver excludes jurisdictions such as Cuba, North Korea, and Crimea and will run until April 19.

It marks the third sanctions reprieve in just over two weeks, following similar steps to allow the movement of stranded Russian oil and earlier Iranian shipments. The administration has also eased domestic shipping restrictions under the Jones Act to allow foreign-flagged vessels to move fuel between U.S. ports, underscoring the urgency of containing price pressures.

The immediate impact is expected to be felt most in Asia, where refiners, particularly independent Chinese operators, have long been the primary buyers of discounted Iranian crude. Energy Secretary Chris Wright said supplies could reach Asian markets within days and filter into refined products over the next several weeks.

Still, the intervention highlights the limits of economic tools in a conflict-driven market. Much of the price surge has been tied not simply to supply constraints but to heightened geopolitical risk, including attacks on energy infrastructure and disruptions to shipping through the Strait of Hormuz, a corridor responsible for roughly a fifth of global oil and liquefied natural gas flows.

Analysts say that unless those risks are removed, additional barrels alone are unlikely to produce sustained price relief. Brett Erickson of Obsidian Risk Advisors warned that loosening sanctions during an active conflict signals diminishing policy options.

“If we’ve reached the point of loosening sanctions on the country we are at war with, we’re really running out of options,” he said.

Economists broadly share that assessment. While the waiver may temper prices briefly, potentially for a window of 10 to 14 days, as Bessent suggested in earlier remarks, structural stability in energy markets depends on a cessation of hostilities. As long as the conflict continues, traders are likely to price in the risk of further supply disruptions, keeping crude elevated regardless of incremental supply increases.

The administration has attempted to balance two competing pressures: maintaining maximum economic pressure on Iran while shielding U.S. consumers from the inflationary fallout of the war. Bessent insisted Tehran would struggle to access any proceeds from the oil sales, saying Washington would continue to restrict Iran’s access to the international financial system.

Yet the policy carries contradictions since allowing Iranian oil to flow, even temporarily, introduces additional supply that indirectly benefits Tehran’s export position, even if revenues are constrained. At the same time, the move underscores growing concern within the White House about the domestic political cost of high energy prices ahead of the November midterm elections, when Republicans are seeking to maintain control of Congress.

The near-closure of the Strait of Hormuz, combined with repeated strikes on oil and gas facilities across Iran and neighboring Gulf states, continues to overshadow supply-side interventions. Insurance costs for tankers have risen sharply, and shipping disruptions have tightened available flows regardless of official policy changes.

Supporters of the waiver believe it is a pragmatic step. Mark Dubowitz said the move could help “win the fight against the regime” while easing price pressure. But even proponents acknowledge its limits in the absence of broader de-escalation.

The underlying dynamic remains unchanged. The war has introduced a risk premium into energy markets that cannot be legislated away. Until the conflict between the U.S., Israel, and Iran subsides, or a durable security arrangement restores confidence in supply routes, oil prices are likely to remain volatile.

Walmart Leads Digital Price Tag Shift, Redefining Grocery Aisles as Efficiency Gains Collide With Pricing Fears

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For decades, the American grocery aisle changed slowly, even as retail was reshaped by e-commerce and data. But that is beginning to shift, led by Walmart, which is rolling out digital shelf labels across its U.S. stores in what could become the most significant in-store pricing overhaul since the barcode, per CNBC.

According to the report, the company plans to complete the rollout by year-end, setting a pace that smaller rivals may struggle to match. In an industry where Walmart often dictates operational standards through scale, its move is likely to accelerate adoption across grocery and general merchandise retail.

The technology replaces paper tags with electronic displays that can be updated instantly. The appeal is straightforward for Walmart as pricing changes that once required hours of manual labor can now be executed centrally in minutes, reducing store-level workload and limiting pricing errors at checkout.

On the ground, the impact is already visible. Amanda Bailey, a team leader at a Walmart store in Ohio, said the system has reshaped daily operations.

“They are not used to seeing digital tags — they think prices are being raised, but what they are really doing is eliminating processes,” she said, estimating that time spent on pricing tasks has dropped by about 75%.

That efficiency matters more in Walmart’s model than in most retail formats. The company operates thousands of large-format stores that double as fulfillment centers for online orders. Digital labels allow it to synchronize in-store and online pricing in real time, reducing mismatches that frustrate customers and complicate logistics.

The labels also integrate with Walmart’s delivery ecosystem. Drivers picking items for orders can locate products faster when digital tags flash, tightening fulfilment times in a business where speed increasingly defines competitiveness.

Other retailers are watching with keen interest. Kroger has begun testing the technology, but Walmart’s scale gives it a first-mover advantage in setting expectations for both consumers and regulators.

That visibility is part of the challenge.

The same capability that allows prices to be updated quickly has triggered concerns that retailers could move toward dynamic pricing, adjusting costs more frequently in response to demand, inventory, or external conditions. The model is already common in airlines and ride-hailing, and critics worry grocery retail could follow.

Scott Benedict, a former Walmart and Sam’s Club executive, said the reaction is predictable.

“When a retailer installs technology that allows prices to change in minutes, shoppers will, of course, wonder how it might be used,” he said.

He noted that grocery shoppers are especially sensitive to price movements. “Every penny matters, and people notice small changes. Sensitivity is especially high right now given inflation, tariffs and broader economic pressure.”

Walmart has sought to draw a clear line. A company spokeswoman said the labels are designed to improve accuracy and efficiency, not to introduce variable pricing.

“If you talk to the people who shop in our stores every week, we think they will have a different view,” she said, adding that “the price you see is the same for everyone in any given store.”

Retailers broadly echo that position. A spokesperson for Kroger said digital labels ensure “clear, accurate pricing right at the shelf” and are used to align in-store prices with online listings and weekly promotions so “customers can count on consistent, reliable information.”

Lawmakers are not fully convinced.

Ben Ray Luján has introduced legislation that would restrict digital labels in large grocery stores, warning that new technology must not add pressure to already rising food costs.

“With food costs rising each month, it’s more important than ever that any new technologies implemented in grocery stores are helping to lower costs, not raise them,” CNBC quoted him as saying, describing his proposal as a “preventative measure.”

In the House, Val Hoyle has called for a ban on the technology until safeguards are in place. “There needs to be laws and enforcement to protect consumers — and until then, I’d like to see them banned outright,” she said, adding that “it is only a matter of time before a billionaire in a boardroom implements the idea” of surge pricing.

Industry groups argue that existing laws already limit that risk. The National Retail Federation says antitrust rules and state-level price gouging laws provide guardrails.

“These aren’t theoretical, they’re enforced. Retailers comply with this framework every single day,” wrote vice president Mercy Beehler.

Still, the economics of the technology are difficult to ignore. Roger White, an economics professor at Whittier College, said companies investing heavily in digital pricing infrastructure will expect returns.

“Given the cost the company will incur to install the capacity for dynamic pricing in its stores, it would be corporate malfeasance if they did not believe doing so would not only recoup the cost, but add profit as well,” he said.

That tension sits at the center of Walmart’s rollout.

On one side are clear operational gains: lower labor costs, fewer pricing errors, better alignment between physical stores and digital platforms, and the ability to adjust promotions quickly. The technology also allows real-time markdowns on perishable goods, which can reduce waste and improve margins. On the other is perception. Grocery shopping is one of the few retail experiences where customers track prices closely, often item by item, week after week. Any sense that pricing is becoming less predictable could erode trust quickly.

Amanda Mosseri Oren of Relex, a retail software company, said the issue will come down to how the technology is used and explained.

“Algorithmic pricing is ultimately a trust exercise, and trust is in short supply at the moment,” she said. “Shoppers aren’t opposed to technology, but they want to know it isn’t working against them.”

The stakes are higher for Walmart than for its peers. Its scale means that operational changes ripple across the industry. If the rollout is smooth and consumer concerns remain contained, digital shelf labels could become standard across U.S. retail within a few years. Otherwise, the backlash could invite tighter regulation and slow adoption.