ChainCatcher news, according to Jinshi Data, U.S. President Trump stated that he has no intention of exempting steel and aluminum tariffs, and announced that reciprocal tariffs and industry tariffs will be implemented on April 2.Trump told reporters on Air Force One that the reciprocal tariffs on U.S. trading partners will be implemented alongside the auto tariffs.

ChainCatcher news, according to 4E monitoring, U.S. stocks continued to decline sharply on Thursday, with all three major indices falling. Trump's tariff policy made a latest concession, announcing a delay in tariffs on Canada and Mexico until April 2, but failed to alleviate market pessimism. The S&P 500 fell 1.78%, hitting a low since the election; the Dow Jones dropped 0.99%, and the Nasdaq plummeted 2.61%.The cryptocurrency market also showed weakness. The decline in U.S. stocks affected crypto assets, while crypto czar David Sacks stated that Trump has signed an executive order to establish a strategic Bitcoin reserve, but the order only involves hoarding existing confiscated assets rather than direct purchases. "Hoarding old, not buying new" disappointed the market, causing Bitcoin to quickly drop to a low of $84,667, currently hovering around $88,000, down about 4.2% for the day. Altcoins generally followed Bitcoin lower, with Ethereum falling 4.68% to around $2,100.In the forex commodities sector, the U.S. dollar index fell for the fourth consecutive day due to tariff concerns; oil prices remained stable amid fluctuations influenced by U.S. tariffs and OPEC+ production increase plans; gold prices retreated due to profit-taking, with spot gold down 0.1%, ending a three-day streak of gains.The current market is increasingly weary of the uncertainty surrounding U.S. policies, especially feeling fatigued by the frequent statements from executive department members and the repeated adjustments to tariff policies. Investors are focusing on Friday's non-farm payroll report to gauge the Federal Reserve's monetary policy direction, while the crypto market is also looking forward to the White House crypto summit on Friday for the latest guidance for the industry.

ChainCatcher news, according to Bitcoin Magazine, the President of the Czech Republic has officially signed a bill that exempts capital gains tax for holding Bitcoin for more than 3 years.

ChainCatcher news, The Wall Street Journal reports that Microstrategy may face huge tax liabilities due to unrealized gains. The company holds 461,000 bitcoins and may need to sell some of them to pay taxes if it does not obtain an exemption.This issue stems from the Corporate Alternative Minimum Tax (CAMT) in Biden's 2022 Inflation Reduction Act, which requires companies with annual revenues exceeding $1 billion to pay a minimum tax of 15%. CAMT specifically targets unrealized gains, which could impact Microstrategy's financial situation and potentially affect the cryptocurrency market.While some believe this prediction is over-speculation, critics argue that taxing unrealized gains undermines property rights and market stability, and forcing companies to sell assets to meet tax obligations infringes on their right to manage resources freely. Whether Trump will intervene remains uncertain.

ChainCatcher news, the number of European crypto tax-free countries will decrease by 2025. Countries currently considering taxation include Portugal, Malta, Germany, Monaco, Switzerland, Romania, Slovenia, Estonia, and others.

ChainCatcher news, Luxembourg has passed the "Blockchain Law 4," aimed at making the adoption of DLT for securities easier. This is the country's fourth blockchain law.According to the current DLT securities law, Luxembourg adopts a two-tier concept, including a central account manager, similar to a Central Securities Depository (CSD), but less cumbersome. The second tier involves account managers, i.e., custodians.EU credit institutions or investment firms or Central Securities Depositories (CSD) can act as control agents. There is no need to obtain a license in Luxembourg, but the regulatory authority (CSSF) must be notified several months in advance.

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).