The proposal, with input from major industry players, aims to bring tax rules in line with how DeFi works, reducing outcomes that don't reflect reality.

Binance KAS is currently priced at $0.05970, with a 24-hour increase of 17.5%. 24-hour transaction volume of 200 million US dollars, an increase of 132.81%, for reference only

[Blockrise Obtains MiCAR Authorization, Launches Bitcoin Collateralized Loans and Plans to Raise €15 Million] Dutch cryptocurrency platform Blockrise announced that it has obtained authorization from the Netherlands Authority for the Financial Markets (AFM) under the EU's Markets in Crypto-Assets Regulation (MiCAR), allowing it to provide Bitcoin-related services across Europe. As a service platform focused on Bitcoin, Blockrise will offer corporate clients loans collateralized with Bitcoin, with a minimum loan amount of €20,000. Clients will retain ownership of the collateralized Bitcoin, which will not be re-pledged. Previously, Blockrise completed a €2 million seed round of financing and is now planning to launch a €15 million Series A funding round to expand its EU market and credit business.

[UK's New Budget Does Not Increase Crypto Tax Rate, Regulation May Tighten] UK Chancellor Reeves did not raise the capital gains tax rate, which had already impacted cryptocurrency investors last year, in the 'Autumn Statement.' Azariah Nukajam, UK Compliance Lead at Gemini, welcomed this, stating that it indicates cryptocurrencies are being treated on par with other asset classes. However, Nukajam noted that recent UK legislative and regulatory announcements, along with this budget statement, show that stricter regulatory and tax transparency requirements will proceed as planned.

Sun accused FDT of exploiting gaps in Hong Kong’s trust company regime and urged regulators to act after a Dubai court froze assets linked to the alleged misappropriation.