The Japanese National Tax Agency announced the results of its tax investigations for fiscal year 2024 (July 2024 to June 2025) on December 11. The results showed that 613 on-site investigations were conducted against individuals involved in cryptocurrency transactions, resulting in the recovery of approximately 4.6 billion yen in taxes, an increase of about 31.4% from the 3.5 billion yen in the previous fiscal year. The number of investigations also increased by about 14.6% year-on-year. The National Tax Agency pointed out that cryptocurrency-related cases saw significantly higher tax recoveries per transaction and higher rates of underreported income compared to the overall average for income tax on-site investigations. Current tax investigations focus on the accuracy of profit and loss calculations, the completeness of transaction records, and the reporting of special transactions such as DeFi, airdrops, mining, and staking. If multiple domestic or international exchanges are involved, all profits and losses must be reported together; otherwise, it may be considered an omission in the reporting. Furthermore, the National Tax Agency stated that it has continuously strengthened the collection and analysis of data on internet transactions and introduced AI technology to assist in screening investigation targets. If an entity is found to have underreported or failed to file tax returns, in addition to paying back taxes, it may also be subject to late payment taxes and surcharges. The maximum surcharge for non-reporting can be 20%, and if there is intentional concealment or falsification, the recalculation tax rate can reach as high as 35% to 40%. At the tax system level, the Japanese government and ruling party are discussing adjusting income from crypto assets from the current comprehensive taxation to a separate taxation system similar to stocks, with a potential uniform tax rate of 20%, and the introduction of profit and loss accounting and loss carry-forward mechanisms. The relevant reform directions are expected to be further clarified in the tax reform outline at the end of the year. (CoinPost)

Fintech 3.0 will coexist with traditional finance for many years, but its development direction is already clear. Stablecoin infrastructure is expected to become a core component of global finance.

According to Foresight News, Capital A, founded by Tony Fernandes, has signed a memorandum of understanding with Standard Chartered Malaysia to explore the introduction of a ringgit stablecoin in Malaysia. Standard Chartered will act as the issuer, while Capital A will oversee the pilot of wholesale applications. The project will be conducted at the digital asset innovation center regulated by Malaysia's central bank. Tony Fernandes stated that this initiative marks a significant step in the group's transition from the aviation sector to a technology ecosystem.

According to PANews, a cross-party group of UK lawmakers has urged Chancellor Rachel Reeves to oppose the Bank of England's proposal to cap stablecoin holdings in the country. The group argues that such policies could undermine the government's efforts to position the UK as a leader in the digital asset sector. In a letter to Reeves, members of the House of Lords, including CMC Markets Plc CEO Peter Cruddas, expressed concern that the Bank's plan to limit individual stablecoin holdings would not reduce risk but instead drive capital overseas. The group stated, "We are deeply concerned that the UK is gradually moving towards a fragmented and restrictive approach that will hinder innovation, limit adoption, and push activities abroad." Last month, the Bank of England unveiled its proposed stablecoin regulations, suggesting a temporary cap of £20,000 (approximately $26,350) for individual holdings and £10 million for businesses. Additionally, the Bank requires issuers of pound-linked tokens to hold at least 40% of their reserves as interest-free deposits at the central bank. These proposals have faced criticism from cryptocurrency companies, which argue that the measures are excessively stringent.

1. In 2025, only one Bitcoin vault company's stock price outperformed the S&P 500; 2. Phantom retweeted a screenshot of Polymarket's prediction, hinting at a possible prediction market launch; 3. Meme's market share among altcoins has fallen below 4%; 4. Yi Lihua: Remains firmly bullish on Ethereum; 5. GMGN has launched the "Aggregate Trench" feature, supporting simultaneous chain scanning by Solana and BSC; 6. Ripple announced the official completion of its acquisition of the stablecoin platform Rail; 7. Aave will update its liquidation engine in version V4, introducing optimizations such as dynamic liquidation thresholds and automated auction mechanisms; 8. Solana officially confirmed details of XRP's listing on the network, with Hex Trust and LayerZero providing support; 9. Stream Finance accused its partner of misappropriating $93 million in protocol assets to cover liquidation losses; 10. An independent miner successfully mined block 927474, receiving a block reward of 3.133 BTC; 11. YouTube This will allow US creators to receive earnings through PayPal stablecoins; 12. Blockstream researchers propose a hash-based signature scheme to defend against quantum threats.

According to Foresight News, Elliptic's latest report, '2025 Global Crypto Regulatory Review,' highlights a significant shift in global crypto regulation from enforcement to innovation this year. The report suggests that banks, stablecoins, and Asian financial centers will lead the next phase of policy development. The United States is experiencing the most notable changes, with U.S. President Donald Trump prioritizing crypto as a core policy issue. This includes the promotion of the GENIUS Act, a federal stablecoin framework, and the Department of Justice halting its approach of prosecuting instead of regulating. Additionally, the Securities and Exchange Commission has established a special task force to boost confidence in American crypto innovation. The report indicates that stablecoins are evolving from centralized IOUs to native on-chain assets, serving as collateral, settlement, and yield tools, which impacts protocol design. Banks in the United States, European Union, and Hong Kong are preparing to enter stablecoin issuance and custody, marking a structural increase in institutional involvement. Globally, stablecoin regulations are being rapidly implemented, with steady progress observed in Hong Kong, the United Kingdom, South Korea, Singapore, and the United Arab Emirates.

AirAsia's operator has signed an agreement with Standard Chartered Bank Malaysia to explore issuing a ringgit-backed stablecoin in the Southeast Asian country. This comes days after a member of the Malaysian royal family announced a similar token. According to a statement released Friday, Capital A, founded by AirAsia founder Tony Fernandes, signed a letter of intent with Standard Chartered Bank Malaysia to jointly develop and test the stablecoin through the Digital Asset Innovation Centre regulated by Bank Negara Malaysia. The statement indicates that Standard Chartered Bank Malaysia will act as the issuer of the stablecoin, while Capital A may initially pilot wholesale use cases in real-world scenarios. This marks Capital A's first foray into the regulated digital asset space. (Bloomberg)

The CFTC has scrapped its guidance on how crypto is delivered in a transaction, giving “way more flexibility for exchanges,” says StarkWare's Katherine Kirkpatrick Bos. source: https://cointelegraph.com/news/cftc-withdraws-crypto-actual-delivery-guidance?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound

Dogecoin started a fresh decline below the $0. 1420 zone against the US Dollar. DOGE is now consolidating losses and might face hurdles near $0. 1440 source: https://www.newsbtc.com/analysis/doge/dogecoin-doge-turns-soft-0-145/

Ripple CTO David Schwartz has reacted positively to the announcement, claiming that more XRP ecosystems are "a good thing". source: https://u.today/ripple-cto-reacts-to-solanas-xrp-integration

Binance has widened access to the Trump family–linked USD1 stablecoin, adding new fee-free trading pairs as the token gains a larger foothold on the exchange. source: https://cryptonews.com/news/binance-adds-new-trading-pairs-for-trump-familys-usd1-stablecoin/

The implementation of CARF is expected to further enhance the tax transparency of Hong Kong's cryptocurrency market, impacting trading platforms, custodians, individual investors, and traditional financial intermediaries.

The U.S. Depository Trust and Clearing Corporation (DTCC) received a "no action" letter from the SEC, authorizing it to launch a new service for tokenizing custodial assets such as stocks and bonds to accelerate the adoption of digital assets.

Farcaster, a star project that raised $180 million and was valued at nearly $1 billion, announced a strategic shift. What lessons can we learn from this?

Why is it that the same strategy is a legend when it works for Strategy, but a joke when others try it? In an era where AI narratives are crushing everything like freight trains, is Bitcoin still the best safe haven for assets?

The Federal Reserve's shift to easing will spill over globally. Emerging markets will benefit from a weaker dollar, but the European Central Bank and the Bank of Japan may follow suit with interest rate cuts. Crypto assets may become beneficiaries of liquidity.

Jinse Finance launches its daily cryptocurrency and blockchain news bulletin, "Jinse 8 AM," issue 2906, providing you with the latest and fastest news on the digital currency and blockchain industry.

机器人 AI 可以像人类一样有自己的账户进行货币支付。AI Agent 支付的底层 Infra，x402 协议究竟是什么？为什么 Google、Visa 都在积极布局 x402 赛道？

17 Observations on Crypto Trends in 2026 by Several Partners of the a16z Crypto Team

Market predictions about when a “cryptography-related quantum computer (CRQC)” will be born are often too radical and exaggerated—leading to calls for an immediate and comprehensive migration to post-quantum cryptography.