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Many cryptocurrency investors find it difficult to calculate their taxes. MetaMask users now have some good news: the cryptocurrency wallet platform has integrated Crypto Tax Calculator to make tax management simpler. The integration lets users get an automatic tax summary suited to their countries, therefore drastically reducing tax ambiguity and risk. Who has time to individually analyze blockchain transactions in the hectic environment of today? MetaMask users may obtain immediately applicable tax reports by means of integration with the Crypto Tax Calculator. Not only that, but these reports are compliant with the rules of 23 different jurisdictions, including the United States, Canada, Australia, Japan, and several European countries. The tool still provides capital gains and income tax reports customizable to local tax laws for users outside of these areas. Users can also add several wallets at once, so all transactions can be immediately reconciled. The outcome is a more practical procedure free of the trouble of repeatedly visiting several platforms. On the other hand, MetaMask seems to be growing more aspirational in offering its offerings. The corporation announced on February 28, 2025, plans to extend support to the Solana (SOL) and Bitcoin (BTC) networks. This move helps MetaMask to maintain its position as a versatile and easily available multi-chain wallet. One additional fascinating detail, though, is their intention to eliminate gas charges going forward. Users’ interactions with DeFi might be altered by this move. MetaMask wants to remove that obstacle and streamline transactions if past users had to have ETH only to pay gas fees. Apart from developments in taxation and blockchain systems, MetaMask has also entered the direct payments space. According to CNF , MetaMask Card has been introduced in Colombia, Mexico, and Brazil. By use of Mastercard integration, this card lets users make seamless crypto transactions. Users no longer have to worry about trading their crypto assets to fiat before they may spend them for regular shopping. During a transaction, crypto can be directly converted into fiat money with this card, therefore removing middlemen like crypto exchanges. This is a big step toward bringing traditional finance into line with the crypto space. MetaMask also unveiled in November 2024 the Gas Station feature, another innovation. This function lets users include directly in the swap quotes the network fees. One of the primary challenges in the Ethereum ecosystem was always needing ETH to pay gas fees. Users of Gas Station can avoid carrying ETH specifically for that. This gives more freedom, particularly for people who would rather keep their assets in different tokens.

The Bank of Korea (BOK) is planning to start a large-scale trial of its central bank digital currency (CBDC), called “Hangang.” Starting in April 2025, the program consists of 100,000 participants who will be able to access digital tokens as an alternative to regular financial transactions, according to Korea Times . Seven main South Korean banks—including KB Kookmin, Shinhan, Hana, Woori, NH NongHyup, BNK Busan Bank, and Industrial Bank of Korea—are helping to conduct the trial. Participants will be able to trade balances from their regular bank accounts for digital tokens throughout the three-month trial period ending in June. These tokens can subsequently be used at several partner stores like Ediya Coffee, Kyobo Bookstore, Hanaro Mart, and 7-Eleven. Furthermore, accepted payments with the system will be e-commerce sites like Hyundai Home Shopping. Its usefulness is limited, though. With a total transaction limit of five million won over the trial, each person can only possess a maximum of one million won (about $690) in digital tokens at any one time. Given this restriction, the BOK seeks to make sure CBDC use does not compromise the stability of the current financial system. Starting this program was mostly driven by the desire to see if a CBDC system might streamline the payment and settlement processes. Transactions nowadays sometimes call for middlemen, which slow down the process and raise administrative expenses. Real-time processing of transactions made possible by this token deposit system lets stores get payments faster without using traditional banking systems. The BOK thinks that this approach will reduce the need of financial middlemen in regular transactions. Should the outcomes be favorable, this can be the first step towards CBDC’s general acceptance in South Korea. Regulations pertaining to digital assets in South Korea are also evolving while the BOK is working on a CBDC. The Financial Services Commission of South Korea stated on February 13 intentions to remove a rule forbidding financial institutions from trading cryptocurrency. Should the policy be carried out, companies like law enforcement departments, charities, and colleges will be free to sell their digital assets in the first half of this year. Conversely, tax laws are also beginning to become tighter. The city of Paju warned tax evaders in November 2024 that their crypto assets might be seized should their tax obligations not be paid off right away. This move is a component of a larger nationwide campaign whereby tax officials have started focusing on people who conceal money under the shape of digital assets. Even major towns like Gangnam District in Seoul have started looking at almost 2,000 citizens allegedly storing their wealth in crypto. As previously mentioned in our report , South Korea is becoming more receptive to digital assets; yet, the Bank of Korea still rejects Bitcoin as a foreign exchange reserve. The major causes are the great price volatility and accompanying financial risks. Rather, analysts advise South Korea to create a won-based stablecoin that can link the world of digital assets with traditional finance. Moreover, the CBDC project under development might provide the solution for the demand for a more consistent digital financial system. Supported by the government and banks, South Korea is ready to be among the nations leading in the acceptance of blockchain-based payment technology without depending on too volatile digital assets.

Ripple CTO David Schwartz recently joined a conversation sparked by longtime Bitcoin advocate Bruce Fenton about why Bitcoin isn’t really used for day-to-day transactions anymore. Fenton, CEO of Chainstone Lab, pointed out that about ten years ago, you could actually use BTC for regular purchases. He mentioned that back in 2015, over 130 restaurants in Portsmouth, NH, were accepting Bitcoin. Even at the Satoshi Roundtable , a major crypto conference, more than 70% of ticket sales were paid in Bitcoin back then. But now, those numbers are close to zero. Fenton sees this decline as a failure. He argues that money must be used for transactions, not just held as an investment. “Using Bitcoin for purchases is a great way to grow the network,” he said. Many believe Bitcoin’s high fees and slow transaction speeds have made it impractical for payments. Mandrik, a Bitcoin user, suggests that people now view it as a long-term asset. “They don’t want to look back in five years and regret spending $5,000 on a cheeseburger,” he said. Ripple CTO David Schwartz argued that Bitcoin worked for payments when people didn’t consider it real money. He added that Bitcoin was mostly used for payments when the early adopters got it super cheap. Once its value went up, fewer people wanted to spend it. “Once the supply of early miners who got Bitcoin nearly for free dried up, there was no longer any reason to pay with Bitcoin,” Schwartz said. Meanwhile, Jack Mehof, an early Bitcoin supporter, echoes Schwartz’s perspective. He stated that while he once paid for beer, tacos, and coffee with BTC. But eventually, the rising costs and slow speeds made it too much of a hassle. Schwartz also pointed out that there are many other cryptocurrencies out there with lower transaction costs and faster speeds. But, as he pointed out, “You don’t see much retail payment use of those either. At least not yet.“ Related: Donald Trump Makes History by Embracing Bitcoin Payments for Campaign Some experts believe Bitcoin’s decline as a payment method is more about regulations than technical limitations. Wayne Vaughan argues that tax laws and banking restrictions have made Bitcoin payments difficult. “The tax treatment of Bitcoin is a major barrier. Companies accepting Bitcoin faced significant accounting burdens, and banks have been incredibly hostile,” he said. Dave Weisberger agrees , saying that capital gains taxes make spending Bitcoin too expensive. “Every purchase effectively costs 24% more due to capital gains taxes,” he explained. Sam Jones added that a tax exemption for small Bitcoin transactions—similar to foreign currency rules—could encourage more spending. Some blame the Lightning Network for failing to deliver on its promise of cheap and fast transactions. Meanwhile, some argue Bitcoin’s primary role has shifted to being a store of value, similar to gold. Related: Veteran investor Breaks Down Bitcoin’s Bull Run: Miners, Investors, and What to Expect Next for the Price Even with regulatory fixes, some question whether Bitcoin payments will ever compete with traditional methods. Anders, a financial advisor, believes fiat remains the more convenient option. “People aren’t going to use Bitcoin if it creates a worse payment experience,” he said. Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.

Siemens, a pillar of the European industry, is accelerating into crypto. Its integration of the Minima blockchain into its connected machines goes beyond mere innovation. The group is redefining digital trust with a decentralized network capable of transforming entire sectors. IoT and crypto are joining forces to secure critical infrastructures and automate industrial processes. Crypto, Blockchain And IoT: Siemens Takes A Giant Step Towards The Industry Of The Future In a world where vehicles are becoming rolling computers, cybersecurity is a priority. Siemens is betting on Minima to ensure data integrity. Every sensor, update, or interaction is recorded on an unforgeable blockchain. No more vulnerable servers: a mesh network ensures real-time verification by manufacturers, suppliers, and users. Thanks to smart contracts, technical recalls and supplies are automated. Fewer conflicts, less delay, more efficiency. Smart electrical grids are prime targets for cyberattacks. With Minima, Siemens provides a radical solution. Solar energy producers, wind farms, and even home batteries exchange their surplus via secure peer-to-peer transactions. Maintenance data, stored on the blockchain, allows for anticipating failures before they paralyze entire cities. A silent revolution but essential for the ecological transition. Imagine a pacemaker where every beat is secure and tamper-proof. This is what Minima enables. Connected medical devices generate cryptographic proof of their proper functioning, tracing each component from the factory to the operating room. Health authorities access real-time audits, and patients regain control of their data. A bulwark against falsification, a leap forward for digital health. On the virtual marketplace Cre8Ventures, Siemens empowers its digital twins with a superpower: absolute authenticity. Thanks to crypto, every industrial simulation relies on unforgeable proofs. From start-ups to industry giants, everyone tests their innovations – surgical robots, wind turbines – in an ecosystem where trust becomes a technical guarantee. The EU Chips Act aims to free Europe from its technological dependencies. Siemens and Minima are part of this dynamic by deploying blockchain solutions compliant with European standards. Goal: to create a sovereign security standard. The next step? An industry where every robot, sensor, and production line operates as an autonomous blockchain node. Siemens is already planning pilot deployments in hospitals and power plants. An exclusive interview with Minima’s leaders, scheduled for September, promises to reveal more about this crypto-industrial revolution. In the meantime, crypto is already embedding itself into daily life: in Toulouse, residents can now pay their bus and subway fares in crypto . Between industry and everyday life, blockchain is becoming an obvious choice.

I say get rid of the Fed Res. And have a Free Market