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View More NewsSouth Africa’s tax authority has proposed new guidance that clarifies how crypto assets are taxed under existing income and capital gains tax frameworks.The South African Revenue Service (SARS) on Wednesday published draft guidelines on crypto asset taxation, applying South Africa’s existing tax framework, primarily the Income Tax Act, 1962, alongside capital gains tax rules.The draft provides that most crypto activities, including trading, swapping and spending, are generally treated as disposals that may trigger tax events. It still emphasizes that the rules depend heavily on each taxpayer’s specific circumstances.If adopted, the proposed guidelines are set to impact millions of local users,…
The European Securities and Markets Authority (ESMA) said some prediction-market contracts may be covered by the European Union’s binary options ban, warning firms that yes-or-no event contracts cannot be marketed, distributed or sold to retail clients when they qualify as financial instruments.“This means that the marketing, distribution or sale to retail clients of event contracts that meet the definition of financial instruments is prohibited,” ESMA said in a statement.The regulator targeted contracts whose payout is binary, usually a fixed amount or nothing, and depends on the outcome of a future event.ESMA said the product label is irrelevant, as a contract…
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Recorded on 30 June 2026, Claire Lehmann sat down with Derek Francis— former chief economist at the NSW Parliamentary Budget Office and a fund manager—to discuss a flaw in Treasury’s modelling of Australia’s new capital gains tax, one that could push effective tax rates on shares as high as 70 percent. TranscriptClaire Lehmann: Last month, Treasurer Jim Chalmers delivered one of Australia’s most ambitious and controversial budgets to date. It was framed as an attempt to restore intergenerational equity, in light of the fact that house prices have become completely unaffordable for young people across the country. To address this, negative…
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In brief Sen. Kirsten Gillibrand is renewing calls to ban politicians and their spouses from issuing or promoting crypto assets, including meme coins. President…
In a special America 250 issue, Reason takes a look back at our country’s founding people and ideas. Read more here. Joanna Andreasson There…
Bitcoin (BTC) has added another bear-market bottom signal this month as analysis draws comparisons to November 2022.Key points:Bitcoin adds to its list of bear-market…
In brief BridgeBench’s debugging score for Claude Fable 5 dropped from 86.2 to 25.9 after its July 1 reinstatement—but the collapse came from the…
If bitcoin and Ethereum had been invented on the same day, nobody would have heard of bitcoin. I sold every bitcoin Bit Digital held…
Key takeaways:Record-low Bitcoin mining margins and rising demand for AI infrastructure incentivize miners to reduce their BTC positions.Institutional spot Bitcoin flows vastly surpass miner…
In brief Amodei says the era of transparency-first AI regulation is over, and the US needs FAA-style testing requirements for frontier models now. The…
For months now, Congress has been kicking the ball down the road—temporarily postponing the expiration of the mass surveillance authority Section 702 of FISA…
from the calls-are-coming-from-inside-the-house dept The more things change, the more they remain the same. That could be said of anywhere in this country, now…
In a brief filed on Friday, Associate Attorney General Stanley E. Woodward Jr. argues that a lawsuit challenging President Donald Trump’s brazenly corrupt “Anti-Weaponization…
The Coinbase-backed group Stand With Crypto UK called on its 286,000 members to file formal complaints against British retail banks over blanket restrictions on…
Since 2024, Bitcoin (BTC) has posted four major corrections after interest rate hikes by the Bank of Japan (BOJ), with declines ranging from 18%…