Kategorie: Crypto News

• Seventy-six governments have pledged to share crypto data under CARF.
• Fifty-three countries have signed the agreement enabling automatic exchange.
• Switzerland delayed its timeline while the US continues its internal review.

Hong Kong has launched a public consultation on how it plans to introduce the international Crypto Asset Reporting Framework, known as CARF, as governments worldwide reshape their tax reporting systems for digital assets.

The consultation, announced on Tuesday, aims to gather feedback on both the technical rollout of CARF and related updates to local tax reporting rules.

It forms part of Hong Kong’s broader effort to align its crypto oversight with global transparency standards as authorities continue working to prevent cross border tax evasion.

The move builds on the city’s existing practice of exchanging financial account information with partner jurisdictions every year since 2018, rather than signalling a change in direction.

Hong Kong widens its regulatory review

The consultation examines how CARF would operate alongside the Common Reporting Standard, another Organisation for Economic Co-operation and Development initiative that shapes international tax reporting.

By reviewing the two frameworks together, Hong Kong seeks to integrate crypto data sharing into established financial reporting systems.

The process reflects growing coordination between jurisdictions as they adapt policy tools to match the expansion of digital asset markets.

Global momentum influences the process

CARF has been gaining traction around the world. In early November, 47 governments issued a joint pledge to adopt the framework at pace. Brazil has also been reported to be considering participation in the programme.

Other jurisdictions are moving more slowly. Switzerland postponed its own implementation until 2027 and is still assessing which countries it will exchange data with.

In the same month, the US reviewed an Internal Revenue Service proposal linked to joining CARF. Even with varied timelines, participation continues to rise.

More jurisdictions commit to adoption

According to an OECD list updated on Dec. 4, 48 nations intend to adopt CARF by 2027 and another 27 by 2028, while the US has identified 2029 as its target year. This brings the total number of countries pledging to share crypto data to 76.

A separate OECD list confirms that 53 countries have already signed the Multilateral Competent Authority Agreement, the legal foundation for automatic information exchange. These commitments signal widening global support for unified reporting standards.

Cayman Islands activity draws attention

Recent figures show a 70% annual increase in Cayman Islands foundation company registrations.

Legal professionals at Walkers noted that CARF likely excludes structures that solely hold crypto assets, including protocol treasuries, investment funds, or passive foundations.

This has raised questions about how certain entities may sit outside the data sharing perimeter as reporting rules continue to develop internationally.

The post Hong Kong launches crypto consultation as worldwide reporting rules evolve appeared first on CoinJournal.

• Dogecoin price was down 1.5% and changed hands near $0.14.
• The top memecoin token risks bearish momentum as the broader market shows weakness.
• DOGE below $0.10 could risk a revisit of $0.05.

Dogecoin (DOGE) tested support at the $0.14 level on Tuesday as the memecoin pared some of its recent gains. While losses on the day are limited, the dip over the past month sees DOGE flirt with the risk of bearish continuation.

Bullish investors may see further downside risks as an opportunity to buy, though, with the meme-inspired token likely to ride broader market tailwinds for an uptick.

Dogecoin price today

The price of Dogecoin as of writing on December 9, 2025, hovered near $0.14. Bulls are down about 1.5% over the past 24 hours.

Although DOGE has bounced off lows of $0.138 on the day, it still prints a sharp 19% drop in the past month. Declines have left its market capitalization standing at around $22.8 billion.

Meanwhile, the token, ranked ninth among the largest cryptocurrencies, has seen a 17% dip in  daily trading volume to about $1.08 billion.

Dogecoin’s volume signals decreased investor activity, though, with price capped on the upside amid the turmoil that also sees top coins toil under pressure.

For instance, Bitcoin touched $92k but has quickly retreated to the $90k mark.

Analysts expect BTC to bounce amid key macroeconomic tailwinds and DOGE could follow.

Despite a fragile sentiment, the memecoin has seen key developments in recent weeks to suggest a spark could ignite a major rally.

The launch of DOGE perpetual futures pairs opens up the market for traders. Meanwhile, the buzz around Dogecoin exchange-traded funds (ETFs) continues.

Even without outflows for Bitcoin and Ethereum, the hype remains as multiple spot crypto ETFs launch in the US.

Dogecoin price forecast

The Crypto Fear and Greed Index hovers at 25, signalling extreme fear. Most altcoins trade in this territory due to investor caution.

However, amid an anticipated US Federal Reserve rate cut decision this week, sentiment is not overly negative.

Dogecoin’s trajectory will thus take on an ominous outlook if bulls fail to keep bears off at the current price level of $0.14.

If sellers knock buyers off this perch, a move in the negative direction will strengthen.

Technical indicators paint this gloom. As can be seen on the chart below, the token has recently shattered the pivotal support zone established in March and June 2025.

This has come as DOGE accelerated losses following the breach of the 50-week exponential moving average.

A downward channel is in place, with the Relative Strength Index (RSI) and Stochastic RSI both flashing signals of increased bullish exhaustion.

Should DOGE fracture the $0.10 mark, the loss of this historical inflection point will add to bearish pressure. Dogecoin’s next major support levels are in the $0.05 zone.

The post Dogecoin drops to $0.14 as bears gain control: is a bigger crash coming? appeared first on CoinJournal.

• Libeara developed the fund with FundBridge Capital for Singapore’s market.
• Standard Chartered is expanding digital-asset activity through SC Ventures.
• A separate physically backed gold fund was recently launched in Singapore.

Institutional investors in Singapore are being offered a new digital route into gold exposure as Standard Chartered broadens its presence in tokenised assets through Libeara’s MG 999 fund.

The product arrives during a period of rising demand for safe-haven assets, shaped by geopolitical tension, shifting currency expectations, and tariff moves under President Donald Trump.

The fund blends a synthetic link to gold prices with a lending feature designed for jewellery retailers in the city-state.

With interest in real-world asset tokenisation growing across global markets, MG 999 reflects how traditional financial groups are testing new digital structures without altering core investment themes.

The approach broadens investor access while encouraging further experimentation across evolving digital asset markets globally.

Tokenised access

Libeara developed the MG 999 fund with FundBridge Capital to give professional investors exposure to gold in the form of blockchain-based tokens.

Each token is designed to track the spot price of gold on Libeara’s ledger.

The fund removes the need for vaulting or transport but still aims to reflect market performance, creating a synthetic alternative to physical bullion.

FundBridge has described the structure as a way to connect regulated fund design with digital systems while keeping governance at the level expected for institutional products.

Institutional shift

The fund is open only to institutional and accredited investors. MG 999 is different from physical gold funds because it does not store metal.

Instead, it uses a token mechanism engineered to mirror market movement.

Standard Chartered’s involvement fits into broader expansion in Asia through SC Ventures, which also holds majority stakes in Zodia Custody and Zodia Markets.

These platforms focus on institutional digital-asset access, strengthening the bank’s position in real-world asset tokenisation as the sector gains momentum across treasuries, bonds, funds, and commodities.

Global demand conditions

The launch comes at a time when central banks have been increasing gold reserves. Market watchers have linked this trend to concerns about the long-term role of the US dollar and a backdrop of geopolitical uncertainty.

Experts have also cited Trump’s tariff policies as a driver of interest in safe-haven assets.

Last month, Standard Chartered joined other firms in launching a physically backed gold product in Singapore.

In that fund, the bank acts as custodian for bullion stored at the Le Freeport facility near Changi Airport. That offering targets investors wanting allocated metal rather than tokenised exposure.

Jewellery market lending

MG 999 also includes a lending element tied to Singapore’s jewellery sector.

Mustafa Gold has been named as the first borrower. The structure lets the retailer use its jewellery inventory as collateral while keeping the pieces available for customers.

Libeara and FundBridge say this design shows how tokenisation can connect investment products with working-capital needs in traditional retail markets, expanding digital use cases beyond asset tracking alone.

The post Standard Chartered expands into tokenised gold with Libeara in Singapore appeared first on CoinJournal.