ChainCatcher news, Nick Tomaino, the founder of 1confirmation, posted on X: "Currently, 22 countries and regions, including Germany, Hong Kong, and Singapore, exempt cryptocurrency from capital gains tax. This list is still growing, and the United States must join to maintain its leadership in innovation and wealth."

ChainCatcher news, according to Cointelegraph, the Czech Republic has unanimously agreed in parliament to exempt capital gains tax on Bitcoin held for more than 3 years.

ChainCatcher message, according to the official announcement, Binance Futures will automatically liquidate the XEMUSDT, ORBSUSDT, and LOOMUSDT U-margined perpetual contracts on December 9, 2024, at 17:00 (UTC+8), and will delist the aforementioned U-margined perpetual contract trading pairs after the liquidation is completed. Users are advised to close their positions manually before trading stops to avoid automatic liquidation.

ChainCatcher news, according to a Reuters report, a consultation document from the Financial Services and Treasury Bureau proposed to expand the scope of capital gains tax exemptions to include overseas properties, carbon emissions, private credit, and cryptocurrencies.These exemptions would apply to private equity funds and qualifying single-family office investment vehicles. Thursday's proposal further clarified Hong Kong's cryptocurrency plans.However, it remains unclear when the policy would take effect if the proposal moves forward. Hong Kong authorities did not immediately respond to requests for comment.

ChainCatcher News, Hong Kong plans to exempt private equity funds, hedge funds, and ultra-high-net-worth investment vehicles from taxes on cryptocurrency, private credit investments, and other asset returns.This week, the Hong Kong government stated in a 20-page proposal that taxation is "one of the main considerations" for asset management companies when deciding on the location of their business, and the Hong Kong government aims to create a "favorable environment" for them.According to the proposal, the Hong Kong government hopes to expand the scope of tax-exempt investments to include private credit, overseas real estate, and carbon emission allowances. The government is conducting a six-week consultation on the plan.

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 Seoul News reported that the ruling party in South Korea intends to push forward with the plan to tax cryptocurrency gains starting in early 2025, rather than approving further delays.Initially, a 20% tax on cryptocurrency gains (plus local taxes for a total of 22%) was set to take effect on January 1, 2022. Due to strong opposition from investors and industry experts, the plan has been postponed twice to January 1, 2025. According to local media reports, despite discussions and proposals for further delays, with some suggesting implementation starting in 2028, the Democratic Party of Korea (DPK) remains committed to implementing the tax plan on time.However, the party is modifying the plan, raising the tax exemption limit for cryptocurrency gains below 2.5 million won ($1,795) to 50 million won ($35,919). The Democratic Party plans to pass the amendment in the National Assembly's tax subcommittee on November 25 and in the full session of the National Assembly on November 26.

ChainCatcher news, cryptocurrency exchange Gemini co-founder Tyler Winklevoss posted on the X platform that as long as Harvard University continues to have ties with U.S. Democratic Senator Elizabeth Warren, the U.S. federal government should terminate tax exemptions and funding for Harvard University.She is a law professor, yet she has launched an illegal war against the cryptocurrency industry; American taxpayers' money should not flow to institutions that harbor these villains.

ChainCatcher news, according to Cointelegraph, the United Arab Emirates' amendment to the value-added tax (VAT) regulations will exempt the transfer and conversion of virtual assets (including cryptocurrencies).PwC stated that the new regulations include VAT exemptions for additional services, including managing investment funds and transferring and converting virtual assets.

ChainCatcher news, according to CoinDesk, EigenLayer has faced criticism after it was revealed that early investors received staking rewards without the restrictions of token locks. Investors and community members have complained about the lack of transparency in the supply of EigenLayer tokens. The total supply of EIGEN is fixed at 1.68 billion, with a circulating supply of 186 million, an FDV of 5.8 billion dollars, and a market cap (excluding uncirculated tokens) of 650 million dollars. Many of the questions raised by community members stem from a portion of these locked tokens, which belong to early investors who purchased them in heavily discounted funding rounds.Investors who bought in EigenLayer's 14.4 million dollar seed round, 50 million dollar Series A round, and the latest 100 million dollar funding in February can now stake their locked tokens for rewards. Currently, a total of 130 million EIGEN tokens have been staked. Many believe these are part of the claimed tokens, but in reality, 70 million of those tokens belong to this small group of early investors. EigenLayer investor TardFiWhale.eth wrote on X that the project recently updated its documentation, stating that "Staking by Eigen Labs investors is unrestricted," and that rewards are not subject to lock-up restrictions. The X post claims that this information was not included in the archived documents from mid-September.After the launch of the EIGEN token, it initially rose to 4.39 dollars, then fell by more than 20% to 3.57 dollars.

ChainCatcher news, according to Un Chained Crypto, during the public testimony of the Wyoming Blockchain, Financial Technology and Digital Innovation Special Committee, the largest custodian bank in the U.S., Bank of New York Mellon (BNY), was confirmed to have received an "exemption" from the U.S. Securities and Exchange Commission (SEC) SAB 121 accounting standards for its institutional cryptocurrency custody business.U.S. Senator Cynthia Lummis (R-WY) Chief Legal Counsel Chris Land stated that the SEC and possibly other regulatory agencies have cleared the way for Bank of New York Mellon to provide institutional digital asset custody services. Land stated in the testimony: "Bank of New York Mellon is seeking to engage more deeply in the cryptocurrency custody business, and they have encountered some issues with Accounting Bulletin (SAB) 121, and the SEC has clearly granted them some kind of exemption so they can continue to move forward."Previously, SEC Chief Accountant Paul Munter unexpectedly revealed in a speech that the agency had granted some SAB 121 exemptions, primarily finding that if certain conditions are met, the rule does not apply to certain entities. Munter stated that a bank, several brokerage firms, and other entities using blockchain to track and transfer traditional financial assets have received exemptions, but he did not specify the names of these entities.

ChainCatcher news, according to CoinPost, Binance Japan announced that it will delist NEM (XEM) on September 18. This decision was made following last month's decision to delist NEM (XEM) from Binance Global.It is reported that the cryptocurrency exchanges currently supporting XEM trading in Japan include bitFlyer, GMO Coin, BitTrade, and Zaif.

ChainCatcher news, according to the official announcement, Binance has decided to stop trading and delist the following cryptocurrencies on June 17 at 11:00 (UTC+8): OmiseGO (OMG), Waves (WAVES), Wrapped NXM (WNXM), NEM (XEM).

ChainCatcher news, Equation has launched its V3 version, with key updates including the permanent waiver of trading fees, using protocol funding fees as a new source of income, and real-time settlement features. At the same time, by implementing the EQUIP-8 proposal, Equation has innovatively introduced profit mining and loss subsidy mechanisms: "profit mining" means that Equation will allocate EQU mining quotas based on users' weekly profit rates in trading competitions, with the top three users also sharing an additional bonus pool; the "loss subsidy mechanism" refers to Equation allocating EQU subsidy amounts based on the proportion of users' losses in contract trading, with a maximum subsidy of up to 100% of the loss amount. The implementation of this proposal aims to provide an extra layer of security for trading users, reduce trading risks, and enhance users' trading confidence.As of the time of publication, Equation offers perpetual contract trading services for 48 types of tokens, with a total trading volume exceeding 21 billion dollars.

ChainCatcher news, according to BeInCrypto, starting from September 1, Russia will implement strict restrictions on the circulation of cryptocurrencies such as Bitcoin, allowing only the issuance of digital financial assets within its jurisdiction. The initiative is led by Anatoly Aksakov, chairman of the State Duma's Financial Market Committee. This is part of a broader effort by the government to control the crypto ecosystem amid escalating geopolitical tensions.Aksakov stated that the upcoming legislation aims to restrict non-Russian cryptocurrency businesses to strengthen the dominance of the ruble. The bill will establish exceptions for cryptocurrency miners and central bank-supported pilot projects within an experimental legal framework. This is because cryptocurrency mining has significantly increased Russia's tax revenue. However, State Duma member Anton Gorelkin clarified that Russia does not intend to completely ban cryptocurrencies. The restrictions will affect the establishment of cryptocurrency exchanges and other platforms that provide services for cryptocurrency trading.

ChainCatcher news, according to The Block, UK-based large crypto trading firm B2C2 has obtained registration from the Luxembourg financial regulatory authority through an acquisition. According to the registration website of the Luxembourg Financial Industry Supervisory Commission, B2C2 has become the 12th officially licensed cryptocurrency company in the country.After registration, B2C2 will be able to offer over-the-counter spot cryptocurrency trading to institutional clients and collaborate with local cryptocurrency service providers and traditional financial institutions. As part of its expansion in Europe, B2C2 recently acquired the French cryptocurrency liquidity provider Woorton. The company stated that the Luxembourg branch will be led by Denzel Walters, the business manager of B2C2's London office.

ChainCatcher news, according to the Bangkok Post, the Thai Ministry of Finance has announced the exemption of value-added tax on digital asset/cryptocurrency transactions. Finance Minister's Secretary Paopoom Rojanasakul stated that the Ministry of Finance aims to promote digital assets as a new alternative fundraising tool. The authorities hope this will support the development of Thailand's digital asset industry and provide the necessary impetus for the advancement of Thailand's digital economy in the near future.The value-added tax exemption will take effect on January 1, 2024, with no termination date. The exemption from value-added tax on digital asset transactions previously applied only to authorized digital asset exchanges, and now includes brokers and dealers regulated by the Securities and Exchange Commission.

ChainCatcher news, representatives of the Government of the People's Republic of China and the Government of the Republic of Singapore signed the "Agreement between the Government of the People's Republic of China and the Government of the Republic of Singapore on Visa Exemption for Holders of Ordinary Passports" in Beijing. The agreement will officially take effect on February 9, 2024 (Lunar New Year's Eve).At that time, holders of ordinary passports from both sides can enter each other's countries visa-free for tourism, family visits, business, and other private matters, with a stay not exceeding 30 days. Activities such as work and news reporting that require prior approval, as well as stays exceeding 30 days in the other country, must obtain the appropriate visa before entering the other country.

ChainCatcher news, Bitget launches a limited-time no-lockup BGB event. Anyone who signs up and completes the corresponding tasks during the event period can enjoy the exemption from all BGB lockup, and traders can directly enjoy a 10% profit share. The event runs from December 25, 2023, 18:00 to January 8, 2024, 18:00 (UTC+8).