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Sei Makes Bold Moves with Xiaomi Collaboration
Sei Makes Bold Moves with Xiaomi Collaboration

In Brief Sei shows signs of recovery despite recent crypto market fluctuations and a weak price trend. A dramatic increase in trading volume and derivatives indicates renewed investor interest. Sei's collaboration with Xiaomi highlights substantial growth potential; 17 million new users annually.

Cointurk·2025/12/12 17:57
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14:51
EU Crypto Tax Reporting to Launch in January, Non-Compliance Could Lead to Asset Seizure
BlockBeats News, December 24th, according to CoinDesk, the latest EU digital asset tax transparency regulations will officially take effect on January 1, 2026, marking a significant shift in regulation of crypto activities across the entire EU. The regulation, known as DAC8, builds upon the EU's long-standing tax administrative cooperation framework, extending its scope to cover crypto assets and service providers. Under the new rules, crypto asset service providers (including exchanges and brokers) must collect and report detailed information about users and their transactions to their national tax authorities, which will then share this data among member state tax authorities. For crypto users, the enforcement consequences of the new rules are more severe. If tax authorities detect any tax avoidance or evasion, DAC8 allows local regulators, with assistance from corresponding departments in other EU countries, to take action. This cross-border cooperation includes the power to freeze or confiscate crypto assets related to unpaid taxes, even if the assets or platforms are not located within the user's jurisdiction.
14:50
Wall Street consensus believes that White House advisor Kevin Hassett will be appointed as the Federal Reserve Chairman
According to Odaily, Trump has narrowed down the list of candidates for Federal Reserve Chair to four people, with Wall Street consensus believing that White House advisor Kevin Hassett will secure the position. During Trump’s first term, while serving as Chairman of the White House Council of Economic Advisers, Hassett did demonstrate a certain degree of “independence.” In his 2021 memoir, he recalled that many staff members “wanted me out of the White House from the very beginning.” If Hassett from before 2025 were to take charge of the Federal Reserve, there would be almost no opposition. However, the concern is that the Hassett who would take office would be the one from 2025. (Golden Ten Data)
14:46
EU's new crypto tax reporting regulations to take effect in January
The EU crypto tax reporting directive will take effect on January 1, requiring crypto asset service providers to report detailed user and transaction data to national tax authorities. The DAC8 rules aim to close tax reporting loopholes in the crypto economy and enhance transparency, similar to the visibility of bank accounts and securities. Crypto companies must achieve compliance by July 1, and may face penalties for overdue compliance.
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