Recent News

In the world of crypto assets, tax regulation has become significantly more complex in recent years, as governments increasingly define clear rules for taxing income from digital assets. The European Union, the United Kingdom, the United States, and Middle Eastern countries are now actively shaping legal frameworks for cryptocurrency taxation, establishing clear criteria for when and how taxes must be paid and how digital asset activities are classified.Against the backdrop of a global trend toward the formalization of tax approaches, Cyprus has introduced a fixed tax rate of 8% on profits from the disposal of crypto assets, effective from January 1, 2026. This creates legal certainty for individuals and companies working with cryptocurrencies and aligns with the broader European approach to regulating digital financial instruments.How Cryptocurrencies Are Taxed in Key JurisdictionsGermany: Crypto assets owned by individuals are classified as private assets. Capital gains are fully exempt from taxation provided the cryptocurrency is held for more than one year. If disposal occurs earlier, the profit is taxed as other income, provided the annual tax-free threshold of EUR 1,000 is...

Throughout 2025, the U.S. Securities and Exchange Commission (SEC) took several steps that many market participants perceive as a refinement of its approach to regulating crypto assets. This was not about changing legislation or introducing new mandatory rules, but rather about clarifying how the regulator frames and communicates its position.The focus was on public statements by SEC officials regarding tokens without a clear economic function (meme coins), staking directly through blockchain protocols, and mining (technical activity supporting blockchain networks by validating transactions)—areas long considered zones of heightened regulatory risk.Institutional Context: Task ForceAn additional signal of a changing approach was the establishment of a dedicated task force within the SEC responsible for developing approaches to crypto asset regulation. This is not a supervisory or punitive body but an institutional platform for market analysis, risk assessment, and forming a more coordinated regulatory stance.The creation of such a unit indicates the regulator's desire to move away from fragmented reactions to individual cases and toward a more systematic understanding of...

While other countries are trying to retain capital, France is moving in the opposite direction — shaping one of the most aggressive tax packages in the EU. Four initiatives currently at the final stage of approval could radically change the rules of the game for high-net-worth individuals, investors, and crypto-asset holders.1. Citizenship-Based Taxation: France Adopts the U.S. ApproachThe most high-profile element of the package is an attempt to introduce taxation based on citizenship.This would mean that tax obligations do not end after relocating to another country.What is being proposed:tax enforcement against citizens with income exceeding €235,000;migration to a jurisdiction with tax rates at least 40% lower than those in France as a trigger;provided the individual has lived in France for at least 3 of the last 10 years.This is a logical response to a long-standing trend: wealthy French citizens actively relocating to Belgium, Switzerland, Monaco, the UAE, and other low-tax jurisdictions.Political rationaleFrance aims to stop “fiscal erosion” — the loss of its tax base that creates new budget gaps — but in doing so effectively opens the door to double taxation...

The Economic Crime and Corporate Transparency Act 2023 introduces mandatory identity verification for key individuals associated with UK companies and LLPs — including directors, LLP members, and Persons with Significant Control (PSCs).How verification worksIdentity can be verified in two ways:directly through Companies House, orvia an Authorised Corporate Service Provider (ACSP) — such as accountants, company formation agents, or law firms authorised to conduct verification.Who must be verified:new directors — before appointment;new PSCs — within 14 days of becoming a PSC;existing directors, LLP members, and PSCs — will have a transitional period (up to 12 months) after the system goes live.If a person is both a director and a PSC, stricter deadlines apply.Consequences of failing to complete verification:an unverified director cannot perform their duties or file documents with Companies House;companies may be prohibited from filing any documents if at least one required individual is not verified;the company and the relevant individuals may face fines and other sanctions.Recommended actions:identify all individuals subject to mandatory verification;notify them in...

Corporate changes In 2025, corporate law in key jurisdictions moved in one clear direction: fewer formalities and more substantive checks. States are increasingly assessing not only how a company is registered, but also the real purpose of its activity and who actually controls it. United Kingdom: Companies House as an active regulator In 2025, Companies House finally moved away from the “register by declaration” model. The registrar: verifies directors and PSCs; may block registration actions; shares information with law enforcement authorities and HMRC. For international business, this means increased risks for UK companies without real management and proper documentation. United States: stricter requirements for beneficiary disclosure (BOI Reporting) One of the key developments in the United States in 2025 was the practical implementation of the Corporate Transparency Act. Key changes for businesses: most private companies are required to submit Beneficial Ownership Information (BOI) to FinCEN; information on ultimate beneficial owners and controlling persons must be disclosed; financial and criminal...

Quinn, a startup focused on AI-driven financial planning and advisory tools, has emerged from stealth with $11 million in seed funding led by Viola Fintech. The platform allows financial institutions to scale their advisory capabilities by embedding AI tools into existing systems via API. Quinn supports white-label, co-branded, or integrated implementations for seamless deployment. According to the company, its technology enables: advisor-level client onboarding in under 12 minutes; AI-generated financial plans delivered in 30 seconds; personalized upselling and cross-selling suggestions based on user behavior. “The future of wealth management isn’t about replacing advisors — it’s about augmenting them,” said Quinn CEO Roy Markowitz. “We empower institutions to offer deeply personalized, actionable guidance at scale, without compromising trust or...

Coinbase has rolled out Coinbase Payments — a new stablecoin-based payment system designed to simplify the acceptance of USDC by online merchants, payment service providers, and commerce platforms worldwide. Now live on Shopify, the system is aimed at reducing the complexity of stablecoin integration for marketplaces, PSPs, and infrastructure providers in e-commerce. Coinbase is working to make USDC payments accessible, seamless, and scalable. The architecture includes: instant USDC payments through Coinbase Wallet, MetaMask, Phantom, and others; a developer-friendly API layer enabling authorization, fund capture, refunds, subscriptions, and key management; open-source smart contracts supporting secure and scalable onchain transactions. With stablecoins gaining momentum, this launch positions Coinbase as a driver of crypto payment infrastructure. According to Citi, the stablecoin market may grow from $230 billion today to $1.6–3.7 trillion by...

PayPal has partnered with Mastercard to launch One Credential — a digital payment identifier that aims to simplify and personalize checkout experiences for both consumers and businesses. Developed by Mastercard, One Credential allows users to choose from multiple payment methods — including installments, debit, credit, and prepaid — all through a single interface with one card. Through this collaboration with PayPal, the system will offer tailored benefits such as: selecting personalized payment options without re-entering data; shifting from debit spending to structured credit use; building a stronger credit history over time. In the same week, PayPal also announced a new physical credit card issued by Synchrony. This card expands the utility of PayPal Credit for in-store purchases wherever Mastercard is accepted. Additionally, users will benefit from a travel promo: six-month interest-free financing on flights, hotels, cruises, and group trips — with no minimum purchase...

According to the Financial Times, Poland’s broad-based stock index WIG has emerged as one of the strongest performers on global markets in 2025. With a year-to-date gain of 28.6%, it has outpaced high-growth markets such as Chile and Greece. This impressive surge is fueled by a combination of macroeconomic stability, declining inflation, anticipated interest rate cuts, and increased investor interest in Central and Eastern Europe. For business owners and portfolio investors seeking emerging opportunities, the Polish market offers a compelling case. The WIG index reflects the health of both large-cap companies and key sectors like banking, energy, IT, and manufacturing. Key drivers of the rally include: strong performance in the banking sector, with rising profits and loan recovery; gains in energy stocks amid high commodity prices and modernization efforts; growth in tech and IT companies, driven by rising exports to EU and US clients. Analysts note that Polish equities still remain undervalued compared to Western European markets, suggesting room for continued upward momentum. Moreover, Poland is increasingly viewed as a hub for logistics,...