ChainCatcher news, according to TASS, Russian President Vladimir Putin has signed a law regulating the taxation of digital currencies.According to the law, digital currencies are recognized as property. This also applies to currencies used for foreign trade payments within the framework of the "Experimental Legal Regime (EPR) in the field of digital innovation." The mining and sale of digital currencies are exempt from value-added tax. Operators of mining infrastructure must report to the tax authorities the issuance of cryptocurrencies using their services. Failure to timely transmit such information may result in a fine of 40,000 rubles.In terms of personal income tax, digital currencies obtained through mining will be classified as tangible income (a term typically used when payment is made using goods or services rather than currency). The value of the income will be determined based on market quotes. Such income will be taxed at the usual progressive tax rates, taking into account tax deductions for the amount of mining expenses.At the same time, income from the acquisition, sale, or other circulation of digital currencies will be taxed at a two-tier personal income tax rate (13% for income up to 2.4 million rubles, and 15% for income exceeding this amount). They will be included in the same tax base as income from transactions with securities, bank deposits, and other sources. Regarding corporate income tax, digital currency mining will be taxed at the standard rate (25% starting in 2025).

ChainCatcher message, according to The Data Nerd monitoring, 8 hours ago, Galaxy Digital withdrew 50,000 AVAX (approximately $2.11 million) and 350 BTC (approximately $33.22 million) from Binance.

ChainCatcher news, the Hong Kong Monetary Authority (HKMA) officially announced the launch of the "Digital Bond Financing Scheme" (Financing Scheme) as stated in the 2024 Policy Address, aimed at promoting the development of the digital securities market and encouraging the broader use of tokenization technology in the capital markets. The Financing Scheme is now open for applications, initially for a period of three years, and if the relevant eligibility requirements are met, each digital bond issued in Hong Kong can receive a maximum grant of HKD 2.5 million.

ChainCatcher message, according to iChainfo monitoring, Galaxy Digital (0x15ab...de48) transferred 100.37 million USDC to Coinbase (0x76e5...b308) 8 hours ago.

ChainCatcher news, according to Financial News, digital asset prime broker LTP has announced a strategic partnership with cryptocurrency exchange Bitstamp. Through this collaboration, LTP clients will gain convenient access to Bitstamp's liquidity pool, as well as capital efficiency solutions such as loans and credit lines.LTP founder and CEO Jack Yang stated that by accessing Bitstamp's liquidity pool and utilizing post-trade settlement features, clients will be able to manage their assets more flexibly and efficiently, optimizing investment strategies for higher returns. Bitstamp USA CEO and Global Chief Business Officer Bobby Zagotta emphasized that this partnership will expand the scope and impact of their trading services.

ChainCatcher news, according to Bitcoin.com, the Federation Council of the Russian Parliament approved a government-initiated bill on Wednesday that outlines the tax framework for digital currencies. This legislation was passed in a plenary session after being approved by the lower house, the State Duma, the day before.The new law classifies digital currencies (including currencies used as payment tools under an experimental legal regime) as property under Russian domestic tax law. This classification exempts value-added tax (VAT) on digital currency mining and sales transactions, easing the financial obligations of industry participants. Additionally, services provided by authorized organizations that facilitate transactions within these experimental regimes will also be tax-exempt.An important provision requires operators of mining infrastructure to report personal data of individuals using their systems to tax authorities. Income from digital currency mining will be considered taxable income, forming the basis for personal income tax. Danil Volkov, head of the Russian Ministry of Finance department, stated that businesses engaged in mining activities must pay taxes at the standard corporate income tax rate.

ChainCatcher news, the Russian Ministry of Industry has called for a postponement of the launch of digital ruble payments, emphasizing insufficient infrastructure readiness. The ministry expressed concerns about the challenges businesses may face in meeting the 2025 deadline, which requires large retailers to accept central bank digital currency (CBDC) payments. The ministry believes that a hasty transition due to inadequate preparation could harm business operations.The draft law requires large retailers to adopt digital ruble payments by July 2025, while the deadline for small businesses will be later, depending on their annual revenue.The Ministry suggested postponing this by two years to allow businesses enough time to complete operational guidelines, update software, and train employees.

ChainCatcher News, the People's Bank of China and seven other departments jointly released the "Action Plan for Promoting High-Quality Development of Digital Finance," which clarifies the acceleration of the digital transformation of financial institutions, the improvement of the digital financial governance system, the promotion of key areas such as technology finance, green finance, and inclusive finance, support for the digital yuan pilot, and the enhancement of the quality and efficiency of financial services. At the same time, it emphasizes strengthening risk prevention and data security, optimizing the payment environment, and striving to basically establish a modern financial system that adapts to the development of the digital economy by the end of 2027.Among the efforts to create an efficient and secure payment environment, it is mentioned to steadily advance the digital yuan pilot, continuously improve the acceptance environment for the digital yuan, and enrich the usage scenarios of the digital yuan. Strengthen anti-money laundering supervision of digital financial services.

ChainCatcher news, according to Cointelegraph, Swedish listed company Hilbert Group announced the acquisition of Liberty Road Capital (LRC), including all AUM, existing client relationships, key employees, and all intellectual property acquired by Hilbert Group.LRC co-founder Russell Thompson will join Hilbert Group. Thompson co-founded the traditional hedge fund The Cambridge Strategy in 2003, which had assets under management of up to $3.5 billion and was successfully sold in 2018. LRC was established in 2019 and is headquartered in the British Virgin Islands, holding an investment management license issued by the local Financial Services Commission.According to the agreement, LRC's business revenue will be split 50:50 over the next two years, and LRC commits to converting all its share of the revenue into new Class B shares of Hilbert Group. Hilbert Group CEO Niclas Sandström stated that this acquisition will significantly accelerate the company's business development and expand the range of trading strategies.

ChainCatcher news indicates that the incoming Trump administration hopes to expand the powers of the CFTC, granting it significant regulatory authority over a large portion of the digital asset market.Sources say that with Trump's inauguration and the increasing influence of the crypto industry in Republican politics, the CFTC's responsibilities may soon expand to regulate the crypto spot market (such as Bitcoin and Ethereum) that are considered commodities, as well as the exchanges that facilitate their trading.Key figures in the Trump team believe that regulatory relief is needed to stimulate innovation in the crypto business, including potentially transformative blockchain technology. Former CFTC Chairman Chris Giancarlo stated, "With adequate funding and the right leadership, I believe the CFTC can begin regulating digital commodities on the first day of Trump's presidency." (FOX Business)

ChainCatcher news, perpetual contract DEX KiloEx collaborates with First Digital to provide at least 15% annual yield for FDUSD stakers. Users can purchase FDUSD using USDT from Binance and withdraw it to the opBNB chain, or lend FDUSD on the opBNB chain through the Venus lending protocol and deposit it into the KiloEx Hybrid Vault to earn returns.It is reported that KiloEx is a leading perpetual contract DEX on the BNB Chain, opBNB Chain, and Manta, supported by institutions such as Binance Labs, Foresight Ventures, and Manta Foundation.

ChainCatcher news, long-tail asset liquidity platform Tren Finance announced on X that it has completed its seed round financing, with participation from institutions such as Contango Digital Assets, Maven Capital, Moonrock Capital, OIG Capital, Metabros, and OZARU Ventures.It is reported that the funds from this round of financing will be used to build a (re)enablement protocol for DeFi.Additionally, the Web3 asset data platform RootData shows that Tren Finance is a liquidity platform for crypto long-tail assets. By supporting niche assets as collateral, Tren Finance aims to unlock higher capital efficiency for various crypto assets.

ChainCatcher news, according to iChainfo monitoring, at 11:15 Beijing time today, Galaxy Digital (0x15ab...de48) transferred 60 million USDT to Binance (0x3284...7bdb).

ChainCatcher news, 1confirmation founder Nick Tomaino posted on the X platform, pointing out that Ethereum has become the world's first digital asset with three attributes. These three attributes include:As a capital asset, it represents ownership shares of the developer network of the crypto innovation ecosystem (including DeFi, NFTs, prediction markets, and decentralized social);As a store of value, its inflation rate is lower than that of Bitcoin, while being the foundational asset of decentralized finance;As a yield-bearing asset, it currently offers an annualized yield of about 3%.

ChainCatcher news, according to CoinShares' latest weekly report, last week saw the largest weekly inflow into digital asset investment products, reaching $3.13 billion, bringing the total inflow year-to-date to a new high of $37 billion. Among them, Bitcoin-related products saw an inflow of $3 billion, while short Bitcoin investment products attracted $10 million. Since the Federal Reserve's first interest rate cut in September, the total inflow has reached $15.2 billion.Solana outperformed Ethereum, with an inflow of $16 million last week, while Ethereum only recorded $2.8 million. However, looking at the year-to-date data, Solana still significantly lags behind Ethereum. Among other altcoins, XRP, Litecoin, and Chainlink recorded inflows of $15 million, $4.1 million, and $1.3 million, respectively.The U.S. market dominated the inflows, totaling $3.2 billion, while Germany, Sweden, and Switzerland saw outflows of $40 million, $84 million, and $17 million, respectively, due to profit-taking at highs. The Australian, Canadian, and Hong Kong markets saw inflows of $9 million, $31 million, and $30 million, respectively. Multi-asset investment products experienced outflows for the second consecutive week, totaling $10.5 million.

ChainCatcher news, according to official sources, Sui announced a strategic partnership with Franklin Templeton Digital Assets, focusing on supporting Sui ecosystem builders and leveraging the Sui blockchain protocol to deploy new technologies.

ChainCatcher news, according to Chainwire, the Turkish crypto asset technology company Paribu has announced the launch of Paribu Custody services, providing digital asset custody and management services for global institutional clients. Since its establishment in 2017, the platform has accumulated 7 million users.Cem Sağlam, Paribu's Institutional Sales and Business Development Manager, stated that the company's self-developed ColdShield® technology integrates MPC, SGX, and HSM technologies, dispersing customer private keys across multiple independent environments to ensure that no individual or organization can access the complete private key.

ChainCatcher news, according to BusinessInsider, Galaxy Digital CEO Michael Novogratz recently stated that the Trump administration has brought a "paradigm shift" in cryptocurrency regulation.He pointed out that almost all members of the Trump cabinet hold Bitcoin and are supporters of digital assets, and they generally support innovation, digital assets, and the development of Bitcoin.