Brothers, the crypto circle has exploded again this week. The UK HMRC suddenly struck hard, requiring all exchanges to provide every transaction record of UK users starting from January 1, 2026, with all details of buying and selling assets to be reported directly to the tax authorities for cross-checking. Anyone who dares to evade taxes will be penalized.

Following this, the People's Bank of China held a meeting aimed at stablecoins, stating that this thing is just a disguise for crime, with money laundering, fraud, and smuggling funds posing too high a risk. Illegal financial activities must be eradicated!

A global regulatory storm has arrived, and many people still happily think that BTC is a tax haven where wealth can be hidden. Wake up, they have targeted the tax cake of various countries, and tax evasion and money laundering directly poke at the bottom line of sovereign currencies. Exchanges have become service providers, only sending HMRC the data to calculate your taxes.

In fact, this is not only about sealing leaks but also reshaping market valuations and accelerating compliance in the sector. In short, the wave of transparency has arrived, the era of tax evasion is coming to an end, and the valuation logic of BTC has changed. Why are countries taking action simultaneously? Because the cake is too big, and everyone wants a share. $BTC