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BlockBeats News, January 20th, according to local media reports, the South Korean financial regulator is evaluating whether to end the long-standing practice of "one exchange, one bank" in the cryptocurrency exchange sector. The review, coordinated by the Financial Services Commission (FSC) and the Fair Trade Commission, aims to assess whether the current mechanism exacerbates market concentration. The report points out that "one exchange, one bank" is not written into law but has gradually developed under anti-money laundering (AML) and customer due diligence requirements. Some studies suggest that this model may limit small and medium-sized exchanges' access to banking services, thereby solidifying the dominance of major platforms. This discussion is also related to South Korea's progress on the second stage legislation of the "Digital Assets Basic Law." The bill plans to allow the issuance of a Korean won stablecoin, but there are still differences in regulatory framework and approval mechanisms, and the submission deadline has been postponed to 2026.

Foresight News reported that PayPal has officially announced it will provide free self-service tax filing for its debit card users, including free 2025 federal and state tax filing services for U.S. PayPal Debit Mastercard users. According to information on PayPal's official website, users are required to report taxes on cryptocurrencies held on its platform. Starting from the 2025 tax year, the U.S. Internal Revenue Service will require U.S. digital asset brokers such as PayPal to report gains from digital asset dispositions on Form 1099-DA. If users dispose of cryptocurrencies in their PayPal wallet, such as selling or exchanging them, during the applicable tax year, PayPal will send users the IRS 1099-DA tax form by February 15.

PANews, January 20 – According to a certain exchange, veteran trader Peter Brandt, who accurately predicted the 2018 bitcoin crash, forecasts that bitcoin may fall to the $58,000 to $62,000 range within two weeks. Several market analysts have warned that current macroeconomic conditions, including the risk of escalating tariffs in Europe and the US as well as geopolitical tensions, have paved the way for bitcoin's decline. Brandt pointed out on social media that bitcoin's key resistance level is around $102,300 and that it remains in a bearish trend. Analyst Jason Fernandes believes that this target is technically achievable, but the driving factors are macroeconomic rather than purely chart patterns. He emphasized that although US inflation has dropped below 2%, central bank policy remains cautious, and any escalation in tariffs or geopolitical friction could push inflation back up and delay rate cuts. As long as interest rates remain restrictive and liquidity is limited, there is still a possibility for bitcoin to return to the mid-$55,000 range. Quantum Economics founder Mati Greenspan also agrees with Brandt's probability assessment, noting that after years of Federal Reserve liquidity tightening and the worst economic environment in decades, macro conditions may outweigh any single chart pattern. Options market data shows that the probability of bitcoin falling below $80,000 before June is about 30%.