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&nbsp;the Hong Kong Special Administrative Region Government is conducting a public consultation on the implementation of the crypto asset reporting framework and amendments related to the Common Reporting Standard. Financial Services and the Treasury Bureau Secretary Christopher Hui stated that to demonstrate Hong Kong's commitment to promoting international tax cooperation and combating cross-border tax evasion, fulfilling international obligations, we will amend the Inland Revenue Ordinance (Chapter 112) (the "Ordinance") to implement the reporting framework and the newly revised Common Reporting Standard. This measure is also crucial to maintaining Hong Kong’s reputation as an international financial and business center. The government plans to complete the necessary local legislative amendments within next year, aiming to automatically exchange tax information related to crypto asset transactions with relevant partner tax jurisdictions starting from 2028, and to implement the newly revised Common Reporting Standard from 2029. Hong Kong will automatically exchange tax information with suitable partners on a reciprocal basis, where partners must meet standards related to the protection of confidentiality and security of information. (Jin10)

[Hong Kong: Plans to automatically exchange tax information related to crypto asset transactions with relevant partner tax jurisdictions starting in 2028.]&nbsp;the Hong Kong Special Administrative Region Government is conducting a public consultation on the implementation of the crypto asset reporting framework and amendments related to the Common Reporting Standard. Financial Services and the Treasury Bureau Secretary Christopher Hui stated that to demonstrate Hong Kong's commitment to promoting international tax cooperation and combating cross-border tax evasion, fulfilling international obligations, we will amend the Inland Revenue Ordinance (Chapter 112) (the "Ordinance") to implement the reporting framework and the newly revised Common Reporting Standard. This measure is also crucial to maintaining Hong Kong’s reputation as an international financial and business center. The government plans to complete the necessary local legislative amendments within next year, aiming to automatically exchange tax information related to crypto asset transactions with relevant partner tax jurisdictions starting from 2028, and to implement the newly revised Common Reporting Standard from 2029. Hong Kong will automatically exchange tax information with suitable partners on a reciprocal basis, where partners must meet standards related to the protection of confidentiality and security of information. (Jin10)

Hong Kong: Plans to automatically exchange tax information related to crypto asset transactions with relevant partner tax jurisdictions starting in 2028.

according to Ethereum community member Joseph Young's post on the X platform, in the past three months, Ethereum ranked first among public blockchains in net stablecoin inflows, with about 12.5 billion USD worth of stablecoins flowing into the Ethereum network.

[Ethereum network saw a net inflow of $12.5 billion in stablecoins over the past three months.]according to Ethereum community member Joseph Young's post on the X platform, in the past three months, Ethereum ranked first among public blockchains in net stablecoin inflows, with about 12.5 billion USD worth of stablecoins flowing into the Ethereum network.

Ethereum network saw a net inflow of $12.5 billion in stablecoins over the past three months.

2025 is a rollercoaster year for Bitcoin, the world's largest cryptocurrency, with consecutive all-time highs followed by intense sell-offs. It may now end the year with its first annual decline since 2022, for the following reasons:

[Analysis: Bitcoin's rollercoaster ride in 2025 may end at a low point.]2025 is a rollercoaster year for Bitcoin, the world's largest cryptocurrency, with consecutive all-time highs followed by intense sell-offs. It may now end the year with its first annual decline since 2022, for the following reasons:

Analysis: Bitcoin's rollercoaster ride in 2025 may end at a low point.

Barclays expects the Federal Reserve to cut interest rates by 25 basis points to a range of 3.5%-3.75% at this week's monetary policy meeting, and the post-meeting statement may include hawkish wording, suggesting a pause in rate cuts in January next year. The bank maintains its forecast of two 25 basis point rate cuts in March and June next year, believes the new economic forecast summary may show little change in economic projections, and the dot plot will reflect one rate cut of 25 basis points each in 2026 and 2027, with the median long-term rate forecast expected to remain at 3%.&nbsp;

[Barclays: The Fed is expected to cut rates by 25 basis points this week, and two more cuts next year.]Barclays expects the Federal Reserve to cut interest rates by 25 basis points to a range of 3.5%-3.75% at this week's monetary policy meeting, and the post-meeting statement may include hawkish wording, suggesting a pause in rate cuts in January next year. The bank maintains its forecast of two 25 basis point rate cuts in March and June next year, believes the new economic forecast summary may show little change in economic projections, and the dot plot will reflect one rate cut of 25 basis points each in 2026 and 2027, with the median long-term rate forecast expected to remain at 3%.&nbsp;

Barclays: The Fed is expected to cut rates by 25 basis points this week, and two more cuts next year.

according to CoinDesk, the Zcash core development team ShieldedLabs has released a detailed proposal for a dynamic fee market aimed at addressing network congestion and rising transaction costs. The proposal suggests adopting a dynamic pricing mechanism based on the median fee of the previous 50 blocks and opening priority channels during high demand periods.

[Zcash has proposed a dynamic fee mechanism aimed at addressing network congestion and rising transaction costs.]according to CoinDesk, the Zcash core development team ShieldedLabs has released a detailed proposal for a dynamic fee market aimed at addressing network congestion and rising transaction costs. The proposal suggests adopting a dynamic pricing mechanism based on the median fee of the previous 50 blocks and opening priority channels during high demand periods.

Zcash has proposed a dynamic fee mechanism aimed at addressing network congestion and rising transaction costs.

Bitcoin Fear and Greed Index is 22. Extreme Fear.
Current Price: $89895.5.

[Bitcoin Fear and Greed Index is 22]Bitcoin Fear and Greed Index is 22. Extreme Fear.
Current Price: $89895.5.

Bitcoin Fear and Greed Index is 22

&nbsp;according to the official blog, stablecoin issuer Circle announced that it has obtained a Financial Services Permission (FSP) issued by the Abu Dhabi Global Market Financial Services Regulatory Authority, allowing it to operate as a money services provider in the Abu Dhabi International Financial Centre (IFC).

[Circle obtains financial services license in Abu Dhabi Global Markets]&nbsp;according to the official blog, stablecoin issuer Circle announced that it has obtained a Financial Services Permission (FSP) issued by the Abu Dhabi Global Market Financial Services Regulatory Authority, allowing it to operate as a money services provider in the Abu Dhabi International Financial Centre (IFC).

Circle obtains financial services license in Abu Dhabi Global Markets

[Bitcoin experienced its weakest November since 2018, with selling pressure mainly coming from the European session.]```

Bitcoin experienced its weakest November since 2018, with selling pressure mainly coming from the European session.

&nbsp;the US anonymous phone service provider Phreeli has launched in the United States, using zero-knowledge proof (ZK) for "paid" verification of bill payments, allowing the platform to operate without knowing the identity or payment method. Zcash co-founder Zooko Wilcox serves as an advisor, recommending the use of zero-knowledge access passes. The network infrastructure is provided by T-Mobile, and approximately $5 million in funding was raised over the past year.

[Zcash co-founder serves as consultant for Phreeli, a US anonymous phone service provider.]&nbsp;the US anonymous phone service provider Phreeli has launched in the United States, using zero-knowledge proof (ZK) for "paid" verification of bill payments, allowing the platform to operate without knowing the identity or payment method. Zcash co-founder Zooko Wilcox serves as an advisor, recommending the use of zero-knowledge access passes. The network infrastructure is provided by T-Mobile, and approximately $5 million in funding was raised over the past year.

Zcash co-founder serves as consultant for Phreeli, a US anonymous phone service provider.

&nbsp;the onshore RMB to USD exchange rate rose to 7.0908, reaching a one-year high.

[The onshore yuan rose to 7.0908 against the US dollar, a new high in a year.]&nbsp;the onshore RMB to USD exchange rate rose to 7.0908, reaching a one-year high.

The onshore yuan rose to 7.0908 against the US dollar, a new high in a year.

XRP Ledger Explodes As Activity Experiences One of Its Strongest Growth Waves Yet

Stablecoin Laws ‘Coming This Month,’ FDIC Acting Chair Reveals

Ripple Reveals How It’s Hijacking A $16 Trillion Industry Using The XRP Ledger

Crypto Gains Strong Legal Protection in the UK as Lawmakers Finalize Digital Asset Property Rules

Crypto-To-Politics Donation Pipeline Under Threat As UK Mulls Ban

The onshore yuan rose to 7.0908 against the US dollar, a new high in a year.

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