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first_img NEAR co-founder Polosukhin: On-chain tool expansion, demand for centralized exchanges is decreasing

Illia Polosukhin, co-founder of NEAR Protocol, stated in a live interview at the Digital Asset Summit 2026 held in Singapore that as near.com continues to expand its on-chain services, users no longer need centralized exchanges for "a large amount" of crypto activities. He mentioned that near.com is "almost ready" and has a "large roadmap for continuously adding features," including bank withdrawals, transaction records for tax purposes, and selective disclosure for confidential transactions. He also shared his experience using centralized exchanges, stating that despite knowing the company's CEO, one of his accounts was still deleted.near.com integrates cross-chain spot trading, tokenized stocks, wealth management products, and perpetual contracts into a single interface. Polosukhin indicated that most of the infrastructure for NEAR Intents has been migrated to confidential sharding, keeping transaction activities private, and users can disclose individual transactions when needed. He mentioned that near.com has a lot of fiat-related features coming soon and referenced the collaboration between NEAR and Monerium, allowing users to convert euros in their bank accounts to EURe via IBAN. The ultimate goal of NEAR Intents is to handle "any asset to any asset," such as USD to EUR, SGD to HKD.Regarding tokenized stocks, near.com completed integration with Ondo Finance in September, allowing users to convert euros into tokenized NVIDIA stocks, with NEAR planning to add more stocks from global markets.

first_img The UK Chancellor of the Exchequer criticized Nigel Farage's "Bitcoin account."

In a speech on Monday, UK Chancellor of the Exchequer John Healey criticized Reform Party leader Nigel Farage's stance on Bitcoin, calling him "Liz Truss with a Bitcoin account." Healey stated that Farage wants the public to believe he is a representative of the common people, but on economic issues, he is simply "Liz Truss with a Bitcoin account." Liz Truss is the UK's shortest-serving Prime Minister, widely criticized for her 2022 mini-budget driven by debt. Healey also mentioned that his party, the Labour Party, will help the UK lead through fiscal discipline, good jobs, and a strong industry.Farage has long been a political supporter of cryptocurrency, primarily viewing Bitcoin as a matter of personal freedom since 2020, and opposing state control over currency. He has stated that he was denied banking services by the UK private bank Coutts, which led him to take a greater interest in digital assets. Last year, at the Bitcoin 2025 conference in Las Vegas, he claimed that if elected Prime Minister, he would cut crypto capital gains tax and force the Bank of England to establish Bitcoin reserves.Farage has faced criticism this year for accepting donations from cryptocurrency entrepreneurs, including tech entrepreneur and Tether investor Christopher Harborne, as well as Ben Delo, one of the founders of the now-closed crypto exchange BitMEX. The Metropolitan Police have launched an investigation into reports of Reform violating overseas donation rules, with Reform denying any wrongdoing and stating that they will cooperate.
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