Inevitability

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It remains an inevitable issue that the brave new world is looking more and more like the old one, with tax at the centre of the crypto economy. Yahoo Finance highlights some worries as apparently Two-Thirds Of Crypto Investors Unaware Of New IRS Tax Rules That Could Cost Them Thousands Of Dollars, Coinbase And Cointracker Warn. In a similar vein, Vietnam Sets Low Bar For Crypto Taxes To Pull Trading Onshore (The Business Times) / Vietnam To Impose 0.1% Tax On Crypto Asset Transfer (BusinessToday).

Meanwhile, Stablecoin Payments Go ‘Invisible’ In Southeast Asia As Crypto Card Business Surges (CoinDesk) and Nonprofit European Crypto Initiative Gets Ethereum-Focused Rebrand (DL News).

From Nairobi, worries mount as Industry Groups Warn New Crypto Rules Could Drive Kenyan Startups Offshore (Bitcoin News).

The negotiations on the new bill seem to be displeasing all but is it close enough to becoming a law? No One Is 100% Happy With The Stablecoin Yield Agreement: State Of Crypto (CoinDesk). See also, Ripple CEO Predicts New Timeline For Historic Crypto Legislation (TheStreet).

News that Canada Moves To Ban Crypto Donations For Election Campaigns Following UK (CoinDesk) can only confirm how autocratic the establishment have become I fear.

Sam Altman’s Iris-Scanning Crypto Project Sells US$65M in WLD as Token Plummets 98% (FinTech Singapore).

The ongoing resonance of the SEC enforcement chief leaving unexpectedly continues to play out as SEC Shakeup Renews Dispute Over Wall Street, Crypto Enforcement (Bloomberg Law).

As DeFi Lending Giant Aave Launches On OKX’s Ethereum L2, X Layer (MSN), Finance Magnates ruminates on Integrating Crypto Infrastructure Into The Traditional Broker Stack: Lessons From Institutional Capital (Finance Magnates).

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