Connect with us

Crypto

Finance ministry pledges to address cryptocurrency taxation issue – Focus Taiwan

Published

on

Finance ministry pledges to address cryptocurrency taxation issue – Focus Taiwan

Taipei, Nov. 18 (CNA) Taiwan’s Ministry of Finance has pledged to review regulations on taxing cryptocurrency gains amid surges in the digital asset’s prices following the presidential election victory of Donald Trump, a crypto supporter, in early November.

Finance Minister Chuang Tsui-yun (莊翠雲) made the promise during a legislative hearing Monday after officials admitted to Kuomintang lawmaker Lai Shyh-bao (賴士葆) that the agency has yet to effectively collect taxes from individuals profiting from cryptocurrency trades.

Lai said cryptocurrency is classified as a digital asset, and such assets, as defined in the Income Tax Act, should not be exempt from income taxes.

Wu Lien-ying (吳蓮英), director-general of the National Taxation Bureau of Taipei, defended her bureau’s existing policy, saying it collects business and corporate income taxes from the 26 cryptocurrency exchanges that have acquired anti-money laundering registration from the Financial Supervisory Commission.

She struggled, however, to provide clear details of how income taxes are being collected from investors trading on these platforms.

Advertisement

Sung Hsiu-ling (宋秀玲), director-general of the Taxation Administration, agreed with Lai that cryptocurrency gains are categorized as digital assets, and investors are required to file income taxes accordingly.

But Lai responded: “Who will file taxes if there’s no auditing?”

Eventually, at Lai’s request, Chuang and Sung vowed to review related rules within three months to better enable the government to tax cryptocurrency gains.

Wu and Sung also mentioned that the Financial Supervisory Commission was drafting a new law related to taxing cryptocurrency, but did not offer any details.

The issue was raised in light of the crypto market’s activity following Trump’s victory.

Advertisement

Trump has voiced support for virtual currencies and introduced a new cryptocurrency project with his three sons in late September called World Liberty Financial.

Bitcoin, the oldest and largest cryptocurrency, has surged nearly 33 percent as of Monday since Election Day on Nov. 5 to US$90,723, while dogecoin, a cryptocurrency backed by Trump supporter and Tesla founder Elon Musk, has more than doubled over the same period.

A crypto-friendly climate is expected under Trump’s second presidency.

Under current Taiwanese law, individual income tax follows the principle of territoriality, meaning that income tax is only levied on income generated within Taiwan.

If an individual earns income from non-regular trading of virtual assets within Taiwan, it is categorized as “income from property transactions” under Article 14 of the Income Tax Act, with property referring to different asset classes.

Advertisement

The taxable income is calculated by subtracting the original acquisition cost and related expenses from the transaction price. This amount is then added to the individual’s total income and subject to taxation.

This territoriality principle, however, poses challenges for enforcing strict tax laws on cryptocurrency transactions, a legal professional familiar with cryptocurrency told CNA, speaking on condition of anonymity.

“As far as I know, the Finance Ministry can only monitor the currency flow of bank accounts used for transactions, similar to how it monitors stock trades,” the source said.

“Taxes can easily be evaded by disguising the transactions as overseas activity conducted in U.S. dollars.”

The expert also noted that for individuals trading virtual currencies on overseas exchanges, even large earnings can evade scrutiny as long as the recorded gains remain below the threshold for taxable overseas income.

Advertisement

For 2024, the threshold is NT$7.5 million (US$230,372), an increase from NT$6.7 million in 2023.

“At this point, I can’t imagine how they’re going to amend these regulations,” the source said.

(By Alyx Chang and Chao Yen-hsiang)

Enditem/ls

Advertisement

Crypto

Blockchain.com files confidentially for US IPO amid growing crypto listings – SiliconANGLE

Published

on

Blockchain.com files confidentially for US IPO amid growing crypto listings – SiliconANGLE

United Kingdom-based Blockchain.com Group Holdings Inc., a cryptocurrency exchange and wallet service, announced Thursday that it has filed confidentially for an initial public offering in the United States. 

The details of the IPO remain undisclosed, with the number of shares or expected price range undetermined as the U.S. Securities and Exchange Commission reviews the application. 

Founded in 2011, Blockchain.com began as a blockchain explorer, a type of analysis tool that allows visitors to view transactions on the global distributed ledger ecosystem and track them from their origin to their current state. As the company evolved, it became a cryptocurrency wallet and exchange, allowing users to buy, hold, sell and trade tokens on its platform. 

A blockchain is a tamper-proof digital database, or ledger. It securely distributes recorded transactions between numerous nodes and cryptographically secures information about the activity without a central authority. This allows tracking financial activity similar to a bank, without the need for a middleman, and enables highly secure transactions that are almost impossible to change retroactively. 

Blockchain.com describes itself as a leading infrastructure company with more than 95 million wallets created, facilitating more than $1.1 trillion in volume on its platform across over 20 products. These include consumer trading, wallet services, institutional products and blockchain data tools rather than a classic order-book exchange model. 

Advertisement

This IPO filing follows blockchain and crypto leaders entering IPOs, including major firms such as stablecoin issuer Circle Internet Group Inc., cryptocurrency exchange Gemini Space Station Inc. and digital asset platform Bullish Inc.  

The IPO of Bullish set an interesting precedent as well, as the company arranged to receive $1.5 million in proceeds from the deal in stablecoins, a type of cryptocurrency token that is pegged to another currency, such as the U.S. dollar. This represented the first time a cryptocurrency had been used as part of the payout for an IPO.  

Cryptocurrency lending firm Figure Technology Solutions Inc. also filed for IPO last year. 

However, it hasn’t all been roses for IPO filers in the crypto industry. Other leading firms, such as cryptocurrency exchange Payward Inc., known as Kraken, paused its IPO, and French crypto hardware wallet Ledger Inc. also delayed its IPO, citing volatile market conditions. 

Image: Pixabay

Support our mission to keep content open and free by engaging with theCUBE community. Join theCUBE’s Alumni Trust Network, where technology leaders connect, share intelligence and create opportunities.

Advertisement
  • 15M+ viewers of theCUBE videos, powering conversations across AI, cloud, cybersecurity and more
  • 11.4k+ theCUBE alumni — Connect with more than 11,400 tech and business leaders shaping the future through a unique trusted-based network.

About SiliconANGLE Media

SiliconANGLE Media is a recognized leader in digital media innovation, uniting breakthrough technology, strategic insights and real-time audience engagement. As the parent company of SiliconANGLE, theCUBE Network, theCUBE Research, CUBE365, theCUBE AI and theCUBE SuperStudios — with flagship locations in Silicon Valley and the New York Stock Exchange — SiliconANGLE Media operates at the intersection of media, technology and AI.

Founded by tech visionaries John Furrier and Dave Vellante, SiliconANGLE Media has built a dynamic ecosystem of industry-leading digital media brands that reach 15+ million elite tech professionals. Our new proprietary theCUBE AI Video Cloud is breaking ground in audience interaction, leveraging theCUBEai.com neural network to help technology companies make data-driven decisions and stay at the forefront of industry conversations.

Continue Reading

Crypto

Polymarket Targets Japan Market Entry, Appoints Representative in Push for 2030 Approval

Published

on

Polymarket Targets Japan Market Entry, Appoints Representative in Push for 2030 Approval

Key Takeaways

Japanese Market Entry With a Strong Lobby Push

Polymarket, the blockchain-based prediction market that hit its first $10 billion monthly trading volume in March 2026, is making a calculated push into one of Asia’s largest and most regulated financial markets. Bloomberg reported on May 22 that the company has appointed Mike Eidlin as its Japan representative and is preparing to lobby regulators and lawmakers for authorization to operate prediction markets locally, with approval targeted by 2030.

Image source: Bloomberg

Polymarket sees Japan as a large, untapped opportunity given that the country has one of Asia’s most developed retail investor bases and a strong appetite for speculative trading products. Prediction markets, however, currently sit in a legal grey area in Japan (neither explicitly authorized nor outright banned), meaning any formal operation at scale would require either a new regulatory category or a legislative amendment.

Japan has long been a bellwether for crypto regulation in Asia. Following the 2014 collapse of Mt. Gox, it was among the first countries in the world to implement a formal licensing framework for crypto exchanges, requiring all platforms to register with the Financial Services Agency (FSA). And, while that framework has expanded steadily, it has not yet addressed prediction markets as a distinct product class.

Polymarket Bets on Japan After $10B Trading Month

The 2030 approval timeline is deliberate because Japan’s regulatory process is, by any measure, extremely meticulous, and any new product categories, especially those tied to decentralized finance ( DeFi) infrastructure and crypto-collateralized markets, typically require extended review periods (sometimes extending into years).

Advertisement

Polymarket’s decision to appoint a representative now and begin lobbying early signals that the company is treating Japan as a long-term institutional project rather than an opportunistic expansion.

The move follows a string of platform milestones that have significantly raised Polymarket’s profile recently. Earlier this year, it received Commodity Futures Trading Commission (CFTC) authorization to operate as a designated contract market (DCM) in the U.S., a milestone that allowed it to launch perpetual futures trading.

Subsequently, in April, it introduced Polymarket USD, a new stablecoin that replaced bridged USDC.e as its primary collateral, alongside a smart contract infrastructure upgrade that cut gas fees.

Behind these offerings, the platform drew 678,342 unique users in April alone, more than eight times the implied user base of rival Kalshi. It has also been in talks to raise $400 million at a $15 billion valuation, reflecting broader investor confidence in the prediction market sector’s commercial potential.

Advertisement
Continue Reading

Crypto

New Cryptocurrency Pepeto Takes $10 Million as Solana Drops and Cardano Stays 92% Below Its Peak

Published

on

New Cryptocurrency Pepeto Takes  Million as Solana Drops and Cardano Stays 92% Below Its Peak

The Senate Banking Committee passed the Clarity Act in a 15 to 9 vote, giving crypto its first real regulatory framework from Washington. Bitcoin jumped to $82,000 on the news before dropping to $77,800, but the new cryptocurrency pulling the most capital right now is not on any major exchange yet. Pepeto https://pepetocoin.com/ has collected more than $10 million in a presale led by the same person who created the original Pepe coin, and the approaching Binance listing is where early wallets plan to collect.

New Cryptocurrency Interest Grows as the Clarity Act Clears Its First Senate Hurdle

The Clarity Act passed the Senate Banking Committee on May 14 in a bipartisan 15 to 9 vote, according to CNBC, marking the first wide ranging crypto regulation bill to clear a Senate panel. Bitcoin hit $82,000 on the vote before inflation data sent it down to $77,800, triggering $580 million in liquidations across crypto, as CoinDesk reported. The new cryptocurrency space benefits because the bill splits oversight between the SEC and CFTC, which clears the fog that kept serious capital on the sidelines.

Where Regulation Meets the Presale Entry That SOL and ADA Cannot Match

Pepeto: The Trading Hub That Protects Capital While Large Caps Bleed

Advertisement

Speed decides everything in crypto, and a single candle can turn a winning position into a loss before most wallets notice. Tokens that climbed 10% on the Clarity Act vote gave it all back within hours when the inflation numbers landed. Wallets without the right tools to check what they are buying or move fast enough between chains end up watching others profit.

That exact gap is where Pepeto https://pepetocoin.com/ sits, and the trading hub fills it for every wallet that enters. This is not a project waiting to go live. Every tool runs today. Worried about a contract that could drain capital? The risk scorer reads the code and flags danger before a single token leaves. Need to transfer assets across chains without bridge fees? The cross chain bridge moves them at zero cost, so every dollar arrives whole.

The trading hub is shaped for speed and clarity at every level, and the cofounder behind the original Pepe coin built this from the ground up while SolidProof completed a full audit on every contract to make sure the money inside stays protected. Staking earns 172% APY while the listing draws closer.

Analysts project this new cryptocurrency at 100x to 300x from its presale entry of $0.0000001871, and that ceiling sits far above anything Solana or Cardano can offer from their current levels. More than $10 million in committed capital already sits in the presale, and the approaching Binance listing is what turns those positions into gains. That listing ends the presale permanently, and every day outside costs ground to the wallets already inside.

https://www.youtube.com/watch?v=gPX8yXeLk00

Advertisement

Solana (SOL)

SOL trades at $87.26 after dropping 5% in a single session following the inflation selloff, according to CoinMarketCap. Goldman Sachs exited its Solana ETF position in Q1 2026, and even with the Firedancer upgrade moving forward, the $293 peak sits 71% above current levels. That math gives roughly 3.5x, which makes SOL a recovery play but not the new cryptocurrency entry that changes a portfolio.

Cardano (ADA)

ADA sits at $0.25 with a market cap that has barely moved since early 2026, according to CoinMarketCap. The chain remains 92% off its $3.10 peak, and no DEX on Cardano competes with the volume top exchanges handle. Even a return to $1 delivers roughly 4x, which is steady recovery but cannot compete with the multiplier a presale entry offers.

The Verdict

Advertisement

The Clarity Act gives every new cryptocurrency a clearer path, and Bitcoin’s jump to $82,000 proved the market agrees. But the biggest returns never come from large caps that already ran. Analysts project Pepeto at 100x to 300x, and that number stays on the table while the presale remains open. Every cycle produces winners who entered during fear and collected during recovery, and the $10 million committed to Pepeto while the market dropped follows that same pattern. The Pepeto official website shows the window is still open, and the wallets entering now will be the ones everyone reads about when the listing hits.

Click To Visit Pepeto Website To Enter The Presale: https://pepetocoin.com/

FAQs

Is a new cryptocurrency like Pepeto safe to enter?

SolidProof audited every contract and the same person who built the original Pepe coin leads this project. More than $10 million committed in a bearish market confirms the conviction behind it.

Advertisement

Which new cryptocurrency gains most from the Clarity Act?

Pepeto’s approaching Binance listing and working tools position it as the new cryptocurrency set to benefit most as clearer regulation pulls fresh capital into presales.

How does Pepeto compare to SOL and ADA for returns?

SOL offers roughly 3.5x to its peak and ADA about 4x from here. The Pepeto official website shows a presale entry where analysts project 100x to 300x returns from the current price.

Disclaimer:

Advertisement

The material presented here is for informational purposes only and does not represent financial advice. Cryptocurrency investments involve high levels of volatility and risk, including the potential loss of your initial investment. Always consult a licensed advisor or conduct independent research.

Contact: Dani Bonocci

Website: https://www.tokenwire.io

Phone: +971586738991

SOURCE: Pepeto

Press release distribution

This release was published on openPR.

Advertisement
Continue Reading
Advertisement

Trending