if an internet-native SoV is worth havingand single points of failure aren’tthen some cryptoassets behaving like BTC over the long run isn’t too far-fetched? ...

ICYMI:BSCN (@BSCNews):JAPAN CONSIDERS CUTTING CRYPTO TAXES FROM 55% TO 20% FOR APPROVED TOKENS- Japan’s financial regulator, the Financial Services Agency (FSA), is considering a plan to classify 105 cryptoassets, including Bitcoin and Ethereum, as financial products, according to a local https://t.co/yqVGaFGO2a ...

🚨JUST IN: JAPAN CONSIDERS TO CLASSIFY 105 CRYPTOASSETS AS FINANCIAL PRODUCTS AND PUSH A FLAT 20% TAX ...

Japan’s Financial Services Agency (FSA) plans to reclassify 105 cryptoassets, including BTC and ETH, as “financial products” and push for a tax overhaul in fiscal year 2026—reducing the current progressive crypto tax rate of up to 55% to a flat 20% capital gains tax. The agency is also considering new insider trading restrictions to prohibit affiliated entities from trading on undisclosed information such as token listings or financial conditions. https://t.co/iopkc91Xme ...

RT Token Terminal 📊 (@tokenterminal)Crypto has reached escape velocity 👇People value cryptoassetsFive cryptoassets have reached a market cap of $100 billion or moreThe combined market cap of these 5 assets is ~$3.2 trillion https://t.co/nOAqAaUM12 ...

RT Token Terminal 📊 (@tokenterminal)People borrow cryptoassetsOver $40 billion is actively borrowed via onchain lending marketplacesThe active loans figure has trended up consistently since January '23 https://t.co/GFpwjdPYAq ...

Crypto has reached escape velocity 👇People value cryptoassetsFive cryptoassets have reached a market cap of $100 billion or moreThe combined market cap of these 5 assets is ~$3.2 trillion https://t.co/nOAqAaUM12 ...

14 of the top 20 most traded cryptoassets are L1 tokensL1 defined as = general-purpose app platform and/or cryptocurrency https://t.co/pY87TAjYiA ...

Core Points - The Monetary Authority of Singapore (MAS) has postponed the implementation of new crypto prudential standards to 2027, delaying the original target of January 1, 2026, due to industry concerns [1][2] - The updated rules will require banks to hold capital reserves against their crypto exposures based on risk classification, aligning with Basel Committee standards [2][6] - Higher capital requirements will be imposed on cryptoassets deemed higher risk, while stable assets backed by eligible reserves may receive more favorable treatment [3][6] Industry Context - Singapore has been proactive in establishing a regulatory framework for digital assets, with initial rules implemented in 2020, aiming to balance innovation and financial stability [3] - As of April this year, approximately 26% of Singaporeans owned some form of cryptocurrency, and web3 investments represented 64% of total fintech funding in 2024, amounting to US$742 million [4] - Institutional interest in crypto is increasing, with 57% of local investors planning to boost their crypto allocations [4] Banking Sector Developments - Local banks are adapting to the delayed rules, with DBS launching tokenized structured notes on Ethereum and other banks exploring asset tokenization and stablecoin integration [5] - The changes aim to clarify how banks account for cryptoassets within their capital, liquidity, and large exposure frameworks, effectively integrating crypto exposures into existing prudential standards [6]

Core Points - The UK's Financial Conduct Authority (FCA) has lifted the ban on cryptoasset exchange-traded notes (cETNs) as of October 8, allowing these products to trade on FCA-approved Recognised Investment Exchanges like the London Stock Exchange [1] - The FCA's decision is based on the view that the crypto market has become more mainstream and better understood, providing customers with more choice while maintaining consumer protections [2] - Despite the lifting of the ban on cETNs, the FCA has clarified that the restriction on crypto derivatives, such as futures and options, remains in effect [5] Product Structure - In the UK and Europe, crypto products will be structured as Exchange-Traded Notes (ETNs), which are debt instruments issued by financial institutions, differing from Exchange-Traded Funds (ETFs) that hold the underlying asset [4] - ETNs will have a 1:1 backing by the asset but will operate similarly to bonds within the legal framework [4] - In contrast, U.S. crypto products, such as spot Bitcoin funds, are typically structured as ETFs, which are regulated funds that hold the asset in custody [3] Regulatory Context - The FCA has implemented strict financial promotion and Consumer Duty rules for cETNs, ensuring that investors are aware of the risks involved, as these products will not be insured by the Financial Services Compensation Scheme (FSCS) [2] - The FCA is also advancing its broader crypto regulatory framework, which includes proposals for stablecoins and other digital asset laws, while continuing to monitor high-risk transactions in the market [5]