The SEC's new FAQ lets broker-dealers hold payment stablecoins under the net-capital rule at just a 2% haircut. We analyze what the guidance signals for stablecoins entering the traditional financial system.
1 引言 从贝壳、金属铸币到电子支付，人类社会的交换媒介始终随技术与时代更迭。如今，区块链技术的成熟正将加密货币支付（Cryptocurrency Payment）从边缘实验升级为全球金融基础设施的重要组件。加密支付的价值不仅在于7*24小时的即时结算，更在于其代表的全新分配逻辑。然而，这种无国界、去中心化的趋势也对现行税务合规与监管框架构成了新的挑战。本文将从加密支付的基本概念出发，梳理其应用场景，解读加密支付的…
2025年12月，巴西众议院下属委员会批准了《虚拟资产法》的修订法案（PL 4308/2024）。该法案在原有《虚拟资产法》（Marco Legal dos Ativos Virtuais，No.14.478/2022）基础上，纳入了稳定币发行监管的系列规则。目前，该法案仍处于立法审议阶段，尚未正式通过。如若通过，将在巴西加密资产监管体系中初步建立起稳定币发行制度。 作为拉丁美洲最大的加密货币市场，稳定币在巴西本地…
FinTax's roundup of the key tax and regulatory developments across the global crypto-asset industry in the second half of February 2026.
As staking and mining scale up, tax treatment diverges sharply across jurisdictions. We compare the staking and mining tax regimes of Hong Kong, Singapore, the US and Canada, with case studies and policy insights.
Japan's FSA plans to amend the law to let crypto spot ETFs launch, with a bill possibly reaching the Diet in 2026 and products by 2028. We cover the mechanics, the regulatory shift, and the market impact.
1 Introduction As crypto moves from the fringes to the mainstream, the global tax "dragnet" is tightening. Following the official release of the 2025 version of the digital asset broker information return (For…
The SEC sued several sham crypto platforms and “investment clubs” that allegedly misappropriated about $14 million from retail investors. We break down the case, the SEC's enforcement logic, and the compliance takeaways for Web3.
引言 随着加密资产市场规模持续扩大，其内部交易结构逐步发生调整。稳定币因具备相对稳定的价值表现，逐渐在加密资产交易、跨境转移及链上金融活动中承担计价与结算功能。国际金融稳定委员会（FSB）指出，稳定币已从早期的市场辅助工具，发展为可能具有跨市场、跨机构影响力的金融安排。 从市场结构看，当前稳定币体系以锚定法定货币的稳定币为主，其中美元稳定币占据主导地位。截至2026年2月12日，市值排名前二的稳定币分别是USDT（…
FinTax's roundup of the key tax and regulatory developments across the global crypto-asset industry in the first half of February 2026.
