🚨🚧 Most Gulf indices closed with losses in Thursday's session after the US Federal Reserve indicated the possibility of
With the exception of Kuwait, all central banks in the Gulf countries cut key interest rates yesterday, Wednesday, following the US Federal Reserve’s decision to cut interest rates by 25 basis points. Please note that the Qatar Stock Exchange will be closed on Wednesday and Thursday of this week on the occasion of the National Day. Kuwait Stock Exchange: Kuwait's premier index fell slightly by 0.04% on Thursday to close below 7,800 points and at its lowest level in two weeks, affected by a decline in Agility and Boubyan Bank shares by about 2% each.
Japan Announces New Tax Reforms Paving the Way for Better Regulation of Cryptocurrencies $SOL $BTC
In a press report published by the Japanese platform Coinpost, which is one of the leading media platforms in the crypto market in Japan, it was stated:
As part of the updates related to the 2025 tax reform in Japan, it was announced that a review of the tax system related to digital and crypto assets will be included in the tax reform plan prepared by the Liberal Democratic Party.
This measure represents a major step towards reforming the current tax system, which imposes rates of up to 55% on profits from crypto assets as a diversified income, which has led to concerns about the migration of talent and startups, and its negative impact on the country's Web 3 sector.
Upcoming tax reforms for the Japanese cryptocurrency market: The plan stipulates considering separate taxes on profits from cryptocurrencies, so that they are similar to those applied to listed stocks, while ensuring transparency and investor protection.
The reforms are also expected to include facilitating procedures for pooling profits and losses between cryptocurrencies, which will boost Japan’s competitiveness on the global stage. Representative Takuya Hirai, head of the party’s digital bureau, submitted an urgent proposal to the Financial Services Agency to strengthen the regulatory framework related to crypto assets.