肥铁BigBigOne
Web3&Ai前沿趣事、Crypto跨境贸易结算、跨境电商技术支持、国际贸易进出口服务
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The Central Political and Legal Affairs Work Conference named 'Blockchain Evasion of Supervision'!
Will cryptocurrency trading be taxed?
Recently, many people have been asking. Let me summarize first: Chinese tax residents holding virtual currency assets through Binance currently do not need to pay taxes, but it's coming soon. CARF is the latest international tax information exchange mechanism, serving as a supplement to the already生效 CRS tax information exchange mechanism. Mainland China and Hong Kong have been exchanging tax-related information—including bank accounts, stock accounts, etc.—based on the CRS mechanism for several years. As of my latest research, CARF has been signed and committed to implementation by 54 countries and regions, including the EU, Cayman Islands, and Singapore. Places like the Cayman Islands are moving quickly and have already clearly stated they will conduct their first exchange under CARF in 2027. However, neither mainland China nor Hong Kong has publicly announced plans to implement CARF yet. That said, Hong Kong is responding faster than mainland China. On December 9 of last year, Hong Kong amended its laws to implement the CARF mechanism (including reporting procedures, record-keeping requirements, penalties, and enforcement), and has begun soliciting public feedback. This consultation is tentatively scheduled to last until February 6 this year. Based on our experience, Hong Kong could start its first CARF information exchange as early as 2028 or 2029. Mainland China's policy direction remains unclear, but historically, it likely won't differ significantly from Hong Kong's timeline. At last January's Central Political and Legal Work Conference, there was a proposal to conduct legislative research on the virtual currency sector. If you're concerned, feel free to consult for compliance—let me provide you with legal advice.
Recently, many people have been asking. Let me summarize first: Chinese tax residents holding virtual currency assets through Binance currently do not need to pay taxes, but it's coming soon. CARF is the latest international tax information exchange mechanism, serving as a supplement to the already生效 CRS tax information exchange mechanism. Mainland China and Hong Kong have been exchanging tax-related information—including bank accounts, stock accounts, etc.—based on the CRS mechanism for several years. As of my latest research, CARF has been signed and committed to implementation by 54 countries and regions, including the EU, Cayman Islands, and Singapore. Places like the Cayman Islands are moving quickly and have already clearly stated they will conduct their first exchange under CARF in 2027. However, neither mainland China nor Hong Kong has publicly announced plans to implement CARF yet. That said, Hong Kong is responding faster than mainland China. On December 9 of last year, Hong Kong amended its laws to implement the CARF mechanism (including reporting procedures, record-keeping requirements, penalties, and enforcement), and has begun soliciting public feedback. This consultation is tentatively scheduled to last until February 6 this year. Based on our experience, Hong Kong could start its first CARF information exchange as early as 2028 or 2029. Mainland China's policy direction remains unclear, but historically, it likely won't differ significantly from Hong Kong's timeline. At last January's Central Political and Legal Work Conference, there was a proposal to conduct legislative research on the virtual currency sector. If you're concerned, feel free to consult for compliance—let me provide you with legal advice.
I was shocked seeing people selling Bitcoin cracking software on Xianyu
The thing is, people actually buy it
Feels like it's more profitable than trading crypto
$BTC
The thing is, people actually buy it
Feels like it's more profitable than trading crypto
$BTC
The year 2025 has passed. Did everyone make money from their investments and financial management in the past year?
The six state-owned banks, including Industrial and Commercial Bank of China, Agricultural Bank of China, Bank of China, China Construction Bank, Bank of Communications, and Postal Savings Bank, have successively announced that starting from January 1, 2026, they will calculate interest on the balance of digital RMB real-name wallets opened at the above banks according to the listed interest rate for demand deposits, with interest calculation rules consistent with demand deposits. However, Bank of Communications stated that if the digital RMB wallet opened by the customer is one of the four types of personal wallets, the balance in the wallet will not earn interest.
Will people choose to keep their money in digital RMB? $BTC
The six state-owned banks, including Industrial and Commercial Bank of China, Agricultural Bank of China, Bank of China, China Construction Bank, Bank of Communications, and Postal Savings Bank, have successively announced that starting from January 1, 2026, they will calculate interest on the balance of digital RMB real-name wallets opened at the above banks according to the listed interest rate for demand deposits, with interest calculation rules consistent with demand deposits. However, Bank of Communications stated that if the digital RMB wallet opened by the customer is one of the four types of personal wallets, the balance in the wallet will not earn interest.
Will people choose to keep their money in digital RMB? $BTC
Offline out U received the funds involved, frozen? A must-read 'self-rescue' guide for cryptocurrency people
#出金骗局多，多看看！ #出金 #法律咨询
#出金骗局多，多看看！ #出金 #法律咨询
Selling U and receiving dirty money being questioned? A one-minute guide on how to handle criminal interrogation $BTC
End of year performance push?
Stablecoin payment settlement received dirty money? Little Tang's case from the first perspective #稳定币
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