[Ukrainian Parliament Passes Initial Reading of Cryptocurrency Legalization and Taxation Bill] The Ukrainian Parliament has completed the first reading of a bill on the legalization of cryptocurrencies and related taxation. According to a social media statement by MP Yaroslav Zhelezniak, the bill proposes an 18% income tax and a 5% military tax on digital asset profits, while offering a preferential 5% tax rate for the first year of converting digital assets into fiat currency. Zhelezniak noted that the bill is still in its preliminary stage, and significant adjustments to its content may occur before the second reading. The final regulatory authority has yet to be determined, with potential candidates being the National Bank of Ukraine or the National Securities and Stock Market Commission.
24/7 Flashes
More >白俄罗斯总统卢卡申科呼吁建立更清晰的加密框架
[Belarusian President Lukashenko Calls for Clearer Crypto Framework] Golden Finance reports that Belarusian President Alexander Lukashenko has instructed lawmakers to establish transparent rules for the country's cryptocurrency market. Lukashenko noted that in 2023, he 'issued a series of directives to ensure comprehensive regulation of the digital token and cryptocurrency sector.' He was referring to Belarus Presidential Decree No. 80, which mandates the development of a national crypto framework. The roles of government agencies and the government-supported IT economic zone, the High-Tech Park, in the cryptocurrency industry must be clearly defined. Previously, in March, Lukashenko had instructed his energy minister to begin developing the country's cryptocurrency mining industry.
The US stock market opened higher, and the Nasdaq rose 158 points
At the opening of the US stock market, the Dow Jones Industrial Average rose 95 points, the Nasdaq rose 158 points, and the S&P 500 index rose 0.44%.
交易员预测美联储本月或降息50个基点
[Traders Predict the Federal Reserve May Cut Interest Rates by 50 Basis Points This Month] According to market traders' predictions, the Federal Reserve may announce a 50 basis point interest rate cut this month. This expectation reflects the market's anticipation of further easing in U.S. monetary policy. Investors should closely monitor the Federal Reserve's upcoming interest rate decision and related statements.
分析师称非农数据强化美联储年内三次降息预期
[Analyst Says Non-Farm Payroll Data Strengthens Expectations for Three Fed Rate Cuts This Year] Jeffrey Leschen, General Manager of Bramshill Investment Company, stated that the August non-farm payroll data met expectations. Although tariff policies and the rapid development of artificial intelligence have introduced some uncertainties that may put pressure on corporate hiring plans, investments in the U.S. could potentially drive growth in manufacturing employment. However, this positive impact will take time to materialize. Leschen pointed out that current economic data suggests the Federal Reserve may cut rates by 50 basis points, and the latest non-farm payroll report further solidifies the possibility of the Fed implementing three rate cuts this year.
美国6月和7月非农就业数据下修2.1万人
[U.S. June and July Nonfarm Payroll Data Revised Down by 21,000] Revised data from the U.S. Bureau of Labor Statistics shows that June nonfarm payrolls were adjusted down by 27,000 to -13,000, while July data was revised up by 6,000 to 79,000, for a total downward revision of 21,000.