negotiation

According to a report by the Korean News Agency, Lee Won-ik, Chairman of the Financial Services Commission, stated during a comprehensive inspection at the National Assembly's Political Affairs Committee regarding the taxation of virtual assets to be implemented next year, "Various circumstances need to be fully considered." On the same day, People Power Party member Song Yeon-sik questioned whether to abolish or postpone the taxation, stating that the nature of digital assets and policy direction have not yet been determined, and that the "Basic Law on Digital Assets" should be prioritized. Lee Won-ik responded that the relevant legislation on digital assets is in the final negotiation stage and discussions will be promoted as soon as possible; regarding taxation, opinions from various parties are diverse, and collection of opinions is still ongoing.The taxation of virtual assets in South Korea was introduced in 2020 through amendments to the Income Tax Act, having been postponed three times previously. The government is currently advancing administrative procedures according to the timeline for implementation in January next year, but some in the industry and even within the ruling party believe that due to unclear standards and insufficient infrastructure, the timing for implementation is not yet mature.

U.S. President Trump stated that there will be no bombing of Iran before the midterm elections. Meanwhile, the U.S. is evacuating some non-emergency personnel from Saudi Arabia, reducing troop strength at some bases in the Middle East, and increasing aircraft carrier and amphibious forces. The Israeli military reportedly deployed dozens of fighter jets near the Iranian border this week before turning back, and the target list for strikes is also being updated.The U.S. State Department has ordered the evacuation of non-emergency government employees and their families only within Saudi Arabia, citing attacks on Saudi civilian targets related to Iranian-backed Houthi forces. Additionally, reports indicate that U.S. military forces have quietly reduced troop levels in Jordan, Qatar, and Kuwait in recent days. The Wall Street Journal states that the U.S. is dispatching another aircraft carrier to the Middle East, with a third carrier strike group coming from the Pacific, and is sending an amphibious assault ship carrying Marines. If the new forces arrive and existing vessels are not rotated out, the total number of U.S. naval vessels in the region is expected to exceed 24, currently around 20.Israeli Prime Minister Netanyahu is reportedly continuing to advocate for a large-scale strike against Iran, and U.S. officials even suspect that Israel is deliberately provoking Iran to fire. Israeli Channel 12 cited U.S. sources stating that earlier this week, dozens of Israeli fighter jets and refueling aircraft flew over Syria and Iraq, approaching the Iranian border, with a flight path highly similar to that of an attack on Iran, turning back before entering Iranian airspace, which Israel claims was a drill and a deterrent. Pakistan, Qatar, and others are intensifying mediation, but the U.S. demands discussions on the nuclear program, while Iran hopes to first discuss reopening the Strait of Hormuz, with no breakthroughs in negotiations yet.

According to Bloomberg, informed sources revealed that Bank of America will no longer act as a potential underwriter for the initial public offering of the Chinese artificial intelligence startup Dark Side of the Moon.Previously, Bank of America had engaged in discussions to serve as the overall coordinator for Dark Side of the Moon's Hong Kong IPO, but negotiations ultimately failed to reach a formal authorization. The report noted that this change comes at a time when the company is facing strict scrutiny in the United States.

Negotiators from the United States, Ukraine, and Europe held a six-hour meeting in Miami, aiming to reach a consensus on a unified proposal to end the war in Ukraine. The goal is to reach an agreement in the coming weeks to present to Russia, seeking a breakthrough before winter. The discussions covered topics such as post-war plans for Ukraine, security guarantees, economic plans, and the path for Kyiv to join the European Union.

According to the New York Times, the negotiations between the United States and Russia regarding the Ukraine issue involve a multi-billion dollar oil deal related to allies of Trump. This deal involves large oil fields, refineries, and gas stations owned globally by Lukoil.

According to Al Arabiya TV, the Iraqi Hezbollah announced that with the end of the coalition mission, all military operations will be suspended starting today, and negotiations will begin regarding the issue of weapons.

The mediator is promoting an agreement between the United States and Iran and is expected to submit the latest draft of the temporary agreement to Iran. According to the terms, Iran will allow ships to pass freely through the Strait of Hormuz, while the United States will lift the blockade on Iranian ports.Subsequent measures include the United States restoring oil exemptions, allowing Iran to sell oil, and the return of International Atomic Energy Agency verification personnel to Iran.

As the peace negotiations between the U.S. and Iran stall, oil prices rise during the day, and U.S. Treasury yields increase. The yield on the two-year U.S. Treasury note rose by 4.4 basis points to 4.907%, the yield on the ten-year note increased by 2.8 basis points to 5.208%, and the yield on the thirty-year note climbed by 1.7 basis points to 5.518%.

U.S. President Trump stated that he expects U.S. negotiators to have more talks with Iran this week. Despite significant differences between the two sides on key issues, Qatar and other mediators are trying to restart negotiations. Trump said Iran wants to reach an agreement, but their demands are too high.

According to Axios, U.S. Middle East envoy Avi Berkowitz and senior advisor to Trump Jared Kushner will meet with the Ukrainian negotiation team and the national security advisors of the UK, France, and Germany in New York to discuss proposals for a de-escalation agreement between Ukraine and Russia.

A senior Iranian official stated that Qatar and Pakistan, as mediators, have informed Iran that the United States is ready to negotiate and reach an agreement, and that it is serious about advancing this process.The official pointed out that for Iran, as long as the United States returns to the Islamabad memorandum of understanding and fulfills its terms, Iran is also prepared to resume implementation of the memorandum within a few days. However, Iran demands practical and credible guarantees to ensure it will not be attacked again. Once the United States implements the substantive content of the memorandum, including stopping hostile actions, lifting the blockade, and allowing Iran to export oil, Iran will immediately initiate negotiations on nuclear issues and the lifting of sanctions.Iran has reached a consensus with Oman regarding the issue of the Strait of Hormuz; however, as long as the blockade continues and no agreement has been reached with the United States, "Iran will not reopen the strait."

The fourth round of USMCA negotiations between the United States and Mexico will be postponed to September 28-29 in Washington. The U.S. side is expected to push Mexico to accept rules of origin for artificial intelligence devices, increase the share of the North American supply chain, and discuss tariff adjustments in the steel, aluminum, and automotive sectors.

Crypto In America host Eleanor Terrett posted that there is only about one hour left until the senators vote on the Clarity Act, and the atmosphere among negotiators on Capitol Hill is tense as negotiations enter the final stages.The Democrats still insist on modifications to the ethical provisions of the bill. Any further adjustments may require approval from the White House again, and those involved are aware that time is running out. A Democratic source stated: A lot of hard work is underway, but time is very tight. A Republican source also expressed a similar view.An industry insider told her on Capitol Hill that after speaking with lawmakers, it is expected that the bill will not secure the 60 votes needed to advance. She also noted that this is Congress, and anything can happen.

According to CoinDesk, cryptocurrency custody company Copper's CEO Amar Kuchinad has resigned as the company seeks to sell and negotiations have entered their fourth month. Kuchinad joined Copper as CEO in October 2024, following the departure of the company's founder and CEO Dmitry Tokarev. Kuchinad previously worked at Goldman Sachs and served as an advisor at the U.S. Securities and Exchange Commission.Copper has been looking for buyers since May of this year and has hired Cantor Fitzgerald to assist with the sale, initially asking for $500 million. CoinDesk reported last month that the company received offers of about $200 million, while Copper's valuation at its peak exceeded $2 billion.Recently, Copper also added two executives: Elin Cherry as Chief Compliance Officer and Sean Bowen as Chief Operating Officer. As of the time of publication, neither Copper nor Kuchinad has responded to requests for comment.

Sources from the Pakistani military and Iranian security agencies reveal that the United States and Iran have reached a consensus on the terms of a ceasefire agreement, which includes the freedom of navigation in the Strait of Hormuz. Both parties are expected to announce relevant news in the coming days and initiate negotiations and technical meetings based on the Islamabad memorandum.

U.S. Trade Representative Katherine Tai stated that Canada raised negotiation conditions in the final stages, leading to the breakdown of the U.S.-Canada trade agreement negotiations.The two sides were previously close to reaching a compromise but ultimately failed to finalize the agreement. The U.S. has implemented new tariff measures on certain Canadian goods, and Canada has indicated it will take countermeasures, escalating trade tensions.

Canadian Ambassador to the United States, Mark Wiseman, stated that the Canada-U.S. trade negotiations broke down on the evening of the 22nd due to multiple issues. Wiseman noted that the written text of the potential agreement differed from the consensus that Canada believed existed, and it was not a single issue that led to the failure of the negotiations. The breakdown of the talks triggered a new round of tariff measures, which could lead to an escalation of the Canada-U.S. trade dispute.