ChainCatcher news, U.S. President Trump stated that for countries that are not good to them, the total will be calculated, including non-monetary barriers. The retaliatory tax rate will be half of their tariff rate, which will not be completely reciprocal. (Jin Shi)

ChainCatcher news, Scroll co-founder Ye Zhang posted on the X platform, pointing out that taxing Ethereum Layer 2 is a major poison for the future development of Ethereum. This shortsighted behavior sacrifices long-term scalability and ecosystem growth for short-term revenue, which is the practice of centralized enterprises, not a choice for neutral platforms. Measuring the value of ETH by only looking at Ethereum's revenue is putting the cart before the horse. The true value of ETH lies in its role as the core of thousands of rollup ecosystems, which is the way forward.

ChainCatcher news, according to Bitcoin Magazine, the bill No. 0451 submitted to the Rhode Island State Senate last month proposes that residents and businesses in the state can conduct up to 10 Bitcoin transactions per month, each valued at less than $1,000 (or equivalent sales), without paying state capital gains tax.The bill defines "Bitcoin sale" as: "any transaction that exchanges Bitcoin for fiat currency or other physical/digital assets," while emphasizing that this exemption only applies at the state tax level and does not affect federal tax obligations. According to the bill's requirements, individuals and businesses participating in tax-exempt transactions must maintain complete transaction records, including daily transaction totals, and be prepared for audits by the state tax department at any time. Rhode Island Blockchain Council Chairman Chris Perrotta pointed out that the passage of this bill will effectively reduce friction in digital asset payments, stimulate the development of the blockchain economy in the state, and position Rhode Island at the forefront of technology.In addition, he also proposed that small businesses accept Bitcoin as a payment method for products and services to stimulate economic growth. So far, no other states in the U.S. have proposed similar legislation.

ChainCatcher news, according to Cointelegraph, the tax season for U.S. crypto investors is approaching, and they need to file their 2024 tax returns by April 15, 2025.

ChainCatcher news, according to a report by the Hong Kong Economic Journal, the Secretary for Financial Services and the Treasury, Christopher Hui, stated that the number of family offices settling in Hong Kong is expected to exceed 3,000 in the short term, with over 2,700 family offices already established. He revealed that the authorities are planning to expand the investment scope eligible for tax exemptions for family offices, including areas such as private lending, virtual assets, and carbon credits, with the goal of implementing the relevant regulations by April 1, 2025.Christopher Hui pointed out that despite the increasingly complex global geopolitical environment, Hong Kong has attracted a large number of investors due to its stable regulation and predictability. He also mentioned that Hong Kong is striving to become the world's largest cross-border wealth management center, with the expectation of achieving this goal by 2027 to 2028.

ChainCatcher news, according to Jinshi reports, India plans to abolish the 6% digital advertising service tax on tech companies such as Google (GOOG.O) and Meta Platforms (META.O) starting from April 1 this year.Previously, U.S. President Trump stated that the U.S. would impose "reciprocal tariffs" starting from April 2.

ChainCatcher news, according to Jinshi reports, Lisa Gordon, chairman of the British investment bank Cavendish, has proposed taxing cryptocurrency purchases to encourage more investors to invest in the UK stock market. She suggested introducing a cryptocurrency transaction tax similar to the 0.5% stamp duty on stocks on the London Stock Exchange, which currently brings substantial revenue to the government.Gordon believes this move could shift investment towards stocks, helping to fund innovative UK companies and support the broader economy. She emphasized that more than half of Britons under 45 own cryptocurrencies rather than stocks, and she thinks reallocating some capital could enhance economic productivity. Despite the growing holdings of cryptocurrencies, Gordon referred to them as "non-productive assets" that contribute little to the economy.She also mentioned that due to the cost of living crisis, many people are cutting back on investments, making it even more necessary to direct limited funds towards assets that can drive economic growth.

ChainCatcher news, according to Cointelegraph, David Sacks explicitly opposed the proposal to tax cryptocurrency transactions to supplement the U.S. strategic Bitcoin reserve, arguing that such taxes often start at a "moderate" level but can easily expand to a broader scope, similar to how income tax initially targeted only a small group.Although the Trump administration proposed replacing federal income tax with import tariffs, Sacks still warned that a cryptocurrency transaction tax could burden users—existing proposals suggest a tax rate of 0.01% on each transaction, even covering transfers between the same user addresses, which has drawn strong criticism from investors. According to research data, eliminating income tax could save over $130,000 per person, but the White House did not clarify tax reform details at the recent cryptocurrency summit.

ChainCatcher news, according to Cointelegraph, a senior White House official confirmed that President Trump’s cryptocurrency summit scheduled for March 7 will not discuss tax issues, but will focus on overturning the unfavorable policies of the previous Biden administration.The official stated during a virtual preview of the summit at 10 AM Eastern Time: "There will be no content regarding taxes. The cryptocurrency internet is filled with various rumors... I don’t know how these rumors started."The official explained that the summit will serve as a venue for industry leaders to provide regulatory feedback: "The President promised to form a cryptocurrency committee during his campaign. He wants to hear the industry’s advice and feedback, which is the purpose of the summit."The senior official also confirmed that Bitcoin will receive "special treatment on the federal government’s balance sheet." The Trump administration plans to "overturn" Joe Biden's crackdown on cryptocurrencies and views Bitcoin as the "digital Fort Knox of digital gold."

ChainCatcher news, according to market news, the White House cryptocurrency summit is not expected to announce a capital gains tax relief.

ChainCatcher news, Alpine Fox LP founder and managing partner Mike Alfred tweeted that sources revealed Trump may make a "significant announcement" regarding digital asset taxation at the White House crypto summit.

ChainCatcher news, reported by The Defiant, states that under the "Income Tax Act of 2025," the Indian income tax department will gain the authority to monitor individuals' digital activities, including social media accounts, emails, and online financial transactions, starting from April 1, 2026. This new power aims to enhance the department's ability to detect tax evasion and undisclosed assets, including cryptocurrency holdings.According to Section 247 of the Act, if tax officials suspect tax evasion, they can access digital platforms. This includes the authority to override passwords and access computer systems and virtual digital spaces when necessary. This move is seen as a modernization of tax investigations by utilizing digital forensic technologies to track undisclosed income, adapting to the trend of increasingly digital financial transactions.Experts have expressed concerns about privacy issues, fearing that the broad powers granted to tax officials could lead to abuse and violations of privacy rights. The bill is currently under review by a special committee, which will consult with stakeholders before finalizing the legislation.

ChainCatcher news, Mike Alfred posted on the X platform: "The Trump administration is set to announce a zero capital gains tax on cryptocurrency transactions at the crypto summit on Friday."In response, Adam Cochran, a partner at Cinneamhain Ventures, stated: "Mike has blocked me for repeatedly fact-checking him, but that won't stop me. The president cannot unilaterally change tax law. Only Congress can. This is one of the few powers explicitly granted to Congress by the Constitution. Even if the president announces this decision or attempts to sign an executive order for it, it won't make it law. This is no more effective than me claiming to be a cupcake."

ChainCatcher news, Mike Alfred, founder of the digital asset investment platform Eaglebrook Advisors, posted on the X platform: "There are reports that the Trump administration is set to announce a zero capital gains tax policy on cryptocurrency sales at the cryptocurrency summit on Friday (i.e., cryptocurrency sales will be exempt from capital gains tax)."

According to ChainCatcher news reported by Cryptopolitan, Japan's Finance Minister KATO Katsunobu mentioned the possibility of imposing a 110% tax rate on crypto assets during a House of Representatives budget committee meeting (inheritance tax + income tax + resident tax = 110%). He stated that, under current laws, such a situation could indeed exist, and that the tax rate "is not limited to crypto assets" and "only applies in cases of extremely high profits."

ChainCatcher news, Ethereum co-founder Vitalik Buterin commented on "Bitcoin Jesus" Roger Ver, stating that being sentenced to life imprisonment for non-violent tax crimes is absurd.Vitalik indicated that the case against Roger Ver seems to have strong political motives; like Silk Road founder Ross Ulbricht, many individuals and companies have been charged with much more serious crimes yet face far lighter sentences than what Roger is facing.If the IRS indeed threatened Roger's lawyer to obtain confidential information, that is a malicious act; the right to attorney-client privilege must be protected as inviolable. Genuine good faith errors should be corrected by giving the parties the opportunity to pay taxes (including interest and penalties), rather than through prosecution.

ChainCatcher news, according to Cryptoslate, Ukraine is advancing the process of legalizing cryptocurrency, with lawmakers expected to vote on the bill in the coming months. However, there is still uncertainty regarding how digital assets will be taxed. Ukraine is exploring setting the cryptocurrency tax rate between 5% and 10%. However, officials are also considering adopting a standard tax framework, which would impose an 18% income tax plus a 5% military tax, bringing the total tax burden on crypto income to 23%. The final decision is still under discussion, with legislation expected to be completed by mid-2025.