Hong Kong has launched a public consultation on adopting the OECD’s crypto account tax data sharing program, CARF, and revising its tax reporting standards. Hong Kong has launched a public consultation on how to implement the international Crypto-Asset Reporting Framework, or CARF, as it moves to bring crypto tax data sharing in line with global standards. According to a Tuesday news release, Hong Kong is seeking input on both the implementation of CARF and changes to tax reporting standards. The announcement explicitly ties the move to the local administration’s efforts to fight cross-border tax evasion. The move constitutes standardization rather than a change of direction by the local government. As the announcement points out, Hong Kong authorities have been annually exchanging financial account information with partner jurisdictions since 2018. Read more
Сегодня, 9 декабря, криворожан призывают воздержаться от пользования подъемниками из-за непредсказуемых аварийных отключений электроэнергии.Об этом Подробнее
Japan’s FSA is set to mandate liability reserves for crypto exchanges to boost consumer protection. The new rules are set to change the market. Japan is in the process of introducing significant changes to cryptocurrency regulation following renewed attention to Mt. Gox-related repayment activity in 2024. The Financial Services Agency (FSA) plans to introduce new rules requiring cryptocurrency exchanges to maintain special “liability reserves” to protect customers if their assets are lost due to hacks or unauthorized transfers. The measures aim to bring the cryptocurrency sector closer to the strict standards applied to traditional financial institutions in Japan, one of the world’s most heavily regulated markets. Read more
The total value traded for spot DOGE ETFs reached its lowest point since launch, signaling a fading of the early hype as liquidity and flows lag well behind those of major crypto ETFs. US spot Dogecoin exchange-traded funds (ETFs) are showing early signs of cooling demand, as total value traded (TVT) has fallen to its lowest level since launch. SoSoValue data showed that on Monday, Dogecoin ETFs’ TVT fell to just $142,000, the lowest since launch. This marked a sharp retreat from late November, when the funds saw days where value traded topped $3.23 million. Total value traded refers to the total dollar amount of ETF shares bought and sold over a given period. It serves as a gauge of market activity and practical liquidity, indicating the amount of money that has moved through the funds. Read more
An annual survey released by Transparency International Pakistan (TIP) on Tuesday showed that the police is perceived as the most corrupt government sector in Pakistan, followed by the tender and procurement sector, and then the judiciary. According to a press release issued by TIP, the National Corruption Perception Survey aims to gauge the perception of the public on important governance issues. This year’s survey showed that 24 per cent of 4,000 people (1,000 from each province) surveyed believed police to be the most corrupt sector, with the highest level of perception of corruption in Punjab at 34pc, followed by 22pc in Balochistan, 21pc in Sindh, and 20pc in Khyber Pakhtunkhwa. Screengrab from the Transparency International 2025 National Corruption Perception Survey shows results of this year’s survey. The department has consistently ranked the most corrupt in previous surveys conducted by TIP. Screengrab from the Transparency International 2025 National Corruption Perception Survey showing results from...