BTC $77,323.46 -4.93%
ETH $2,230.05 -5.40%
BNB $700.55 -6.37%
XRP $1.25 -4.06%
SOL $95.00 -6.78%
TRX $0.3361 +1.54%
DOGE $0.0757 -5.45%
ADA $0.1922 -6.41%
BCH $291.83 +0.97%
LINK $11.17 -5.70%
HYPE $92.24 -3.65%
AAVE $126.63 -6.83%
SUI $0.8927 -5.64%
XLM $0.1688 -1.89%
ZEC $1,233.64 -8.78%
AAPL $348.11 -0.59%
AMZN $239.51 -2.85%
GOOGL $280.12 -1.90%
MSFT $521.95 -0.50%
META $621.38 -2.12%
NVDA $204.29 -4.27%
TSLA $400.08 -1.23%
SNDK $1,160.68 -14.21%
INTC $64.56 -29.73%
SPCX $137.93 -4.45%
MU $879.34 -6.68%
AMD $502.06 -11.79%
BTC $77,323.46 -4.93%
ETH $2,230.05 -5.40%
BNB $700.55 -6.37%
XRP $1.25 -4.06%
SOL $95.00 -6.78%
TRX $0.3361 +1.54%
DOGE $0.0757 -5.45%
ADA $0.1922 -6.41%
BCH $291.83 +0.97%
LINK $11.17 -5.70%
HYPE $92.24 -3.65%
AAVE $126.63 -6.83%
SUI $0.8927 -5.64%
XLM $0.1688 -1.89%
ZEC $1,233.64 -8.78%
AAPL $348.11 -0.59%
AMZN $239.51 -2.85%
GOOGL $280.12 -1.90%
MSFT $521.95 -0.50%
META $621.38 -2.12%
NVDA $204.29 -4.27%
TSLA $400.08 -1.23%
SNDK $1,160.68 -14.21%
INTC $64.56 -29.73%
SPCX $137.93 -4.45%
MU $879.34 -6.68%
AMD $502.06 -11.79%

hang

All
Article
Flash

State Administration of Foreign Exchange: Strictly crack down on illegal cross-border financial activities

On October 30, 2026, Zhu Hexin, Secretary of the Party Leadership Group and Director of the State Administration of Foreign Exchange, presided over a Party Leadership Group meeting to convey and study General Secretary Xi Jinping's important speech at the Fifth Plenary Session of the 20th Central Committee of the Communist Party and the spirit of the plenary session, and to research and deploy the implementation work. Members of the Party Leadership Group of the State Administration of Foreign Exchange attended the meeting.The meeting required resolute implementation of the major decisions and deployments of the Party Central Committee. It emphasized the serious implementation of the "14th Five-Year Plan" requirements, improving a more convenient, open, secure, and intelligent foreign exchange management system and mechanism, promoting deep-level reforms and high-level openness in the foreign exchange field, effectively managing the "five major tasks" of finance, maintaining the stability of the foreign exchange market and the national economic and financial security, severely cracking down on illegal cross-border financial activities, strengthening the capacity building for foreign exchange reserve management, and effectively following the path of financial development with Chinese characteristics.

first_img Nado, the Unified Margin Trading Exchange, announced PRIME, which is set to launch in the fourth quarter

Unified Margin Trading Exchange Nado announced the launch of the on-chain OTC trading venue PRIME, scheduled to go live in the fourth quarter, aimed at connecting institutional market maker liquidity. Institutional liquidity providers will continuously quote and inject tiered liquidity into the dedicated PRIME liquidity pool, while the pricing engine aggregates the total depth from all connected market makers into a single executable streaming price, which is then pushed to traders after adjusting for real-time volatility and inventory. This price can be executed on demand without the need for a quote, with the interaction method closely resembling Nado's existing central limit order book.PRIME operates in parallel with the Nado order book, rather than replacing it. If the same market exists in both venues simultaneously, positions can be interchanged, allowing traders to open BTC perpetual contracts through PRIME and close them on the order book, or vice versa. Below the displayed price, smart order routing executes trades at the optimal prices from the connected market makers at that time; when a single market maker's depth is insufficient, the routing will prioritize merging liquidity from multiple providers based on price. Nado stated that the trading fee for transactions executed through PRIME is 0. The new market will first onboard market makers rather than accumulating orders on the order book.The first batch of participants includes Hyperliquid, Variational, Lighter, Extended, and leading traders from Nado, with more information to be announced in the coming weeks. Initially, PRIME will cover crypto assets and perpetual contracts with good liquidity, with the new market going live on PRIME first, and will open to the order book after sustained demand is validated. Future goals include exotic perpetuals, spot, and options. Nado offers spot, perpetual, and currency markets, using unified margin, developed and deployed by the Kraken-related team on the Ink network, which stated on October 26 that its historical cumulative trading volume has reached $10 billion.

first_img The French Senate passed the bill on automatic exchange of cryptocurrency tax data

According to Cointelegraph, the French Senate has passed a bill authorizing the tax authorities to automatically exchange cryptocurrency transaction data with tax authorities in other countries. The bill completed its first reading on Tuesday and has been submitted to the National Assembly as Bill No. 3421 for review. The bill covers a cryptocurrency tax information exchange agreement and updates to the existing financial account information agreement, with the entire legislative process still needing to be completed.The cryptocurrency information exchange agreement is based on the Cryptocurrency Asset Reporting Framework (CARF) established by the Organization for Economic Cooperation and Development, setting common standards for participating jurisdictions to collect and automatically exchange cryptocurrency transaction information. France has introduced a cryptocurrency reporting obligation through the 2025 Finance Law, implementing the cryptocurrency reporting amendment in the EU Administrative Cooperation Directive DAC8, which requires cryptocurrency service providers to report customer identities and transaction data to tax authorities, who will then share this information with the tax authorities in the EU countries where the users are located.French lawmakers are also discussing adjustments to cryptocurrency taxation in the 2027 budget. The National Assembly passed an amendment on October 16, proposing to tax gains converted to partially pegged fiat stablecoins starting January 1, 2027; this measure has not yet become law, with a related vote scheduled for November 3.Faustine Fleuret, Global Head of Public Affairs at the lending protocol Morpho, stated that tax reporting under DAC8 involves sharing personal information such as names, addresses, tax numbers, and transaction volumes, raising data security concerns; the European Commission plans to establish a central repository for cryptocurrency reporting by the end of 2026. She also mentioned that in France, where cryptocurrency holders have been subject to personal attacks, the leakage of trader lists is primarily a security issue. CertiK data shows that out of 52 verified personal attack incidents globally in the first half of 2026, France accounted for 33.
app_icon
ChainCatcher Building the Web3 world with innovations.