ChainCatcher news, according to Jinshi reports, Citigroup economists Jin Zhenxu and Cui Zhou stated that the long-term political uncertainty surrounding the impeachment case of South Korean President Yoon Suk-yeol may weaken overall economic confidence and discretionary spending.They mentioned that if the South Korean legislature fails to pass the 2025 national budget in December, the possibility of the South Korean central bank continuing to cut interest rates in January would increase. They also added that developments in the political situation could lead to more capital outflows and pose an upside risk to the USD/KRW exchange rate.

According to ChainCatcher news and a report by CoinDesk, an official document released on Wednesday shows that Uzbekistan now requires licensed cryptocurrency companies in the country to pay monthly fees, which are primarily used for the national budget.The new rules established by the National Project Office of the Republic of Uzbekistan, the Ministry of Finance, and the State Tax Committee have come into effect. The document states that the amount a company must pay each month depends on the type of services it provides and the base amount set for cryptocurrency companies at the time of monthly payment. The document also lists proportionally smaller payments required for cryptocurrency stores, custody services, mining pools, and individual miners. (source link)