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Techub News reports that the Dutch government has abandoned its plan to tax unrealized Bitcoin gains, a proposal that had previously sparked controversy due to strong opposition from investors. This policy reversal highlights the influence of investor sentiment on tax policies and may have implications for future cryptocurrency regulation and market stability. (Crypto Briefing)
Techub News, according to Bloomberg, Dutch market maker Optiver has completed an equity investment in the crypto and AI venture capital firm Eden Block. Michael Lepa, Head of Technology Ecosystem & Innovation at Optiver, stated that this strategic investment aims to gain business exposure to early-stage AI and digital asset companies through equity partnerships, thereby deeply engaging in the early development of cutting-edge technologies. Optiver believes that the convergence of artificial intelligence and digital assets has the potential to fundamentally reshape the underlying infrastructure of trade execution and capital markets, and Eden Block's cross-sector layout in Web3 and AI will provide it with crucial industry insights and technological synergies.
Techub News, 21Shares announced the launch of the 21Shares Strategy Yield ETP (Ticker: STRC NA), which will be listed on Euronext Amsterdam on February 26, aiming to provide investors with yield investment exposure linked to the Strategy Bitcoin Reserve Strategy.
Techub News reports, according to an announcement from the Dutch gambling regulator Ksa, the agency has fined Polymarket operator Adventure One QSS Inc. for operating illegal gambling activities. Ksa has ordered Polymarket to cease operations in the Netherlands immediately, or face a weekly fine of 420,000 euros (approximately $462,000), with a maximum penalty of up to 840,000 euros (approximately $924,000).
Techub News reported, according to Cointelegraph, the Dutch House of Representatives passed a legislative proposal on February 13 with 93 votes in favor, which will impose a 36% capital gains tax on returns from savings accounts, cryptocurrencies, most equity investments, and interest-bearing financial instruments. Taxes are levied on the relevant gains regardless of whether the assets are sold, but specific categories such as startup equity and non-investment physical assets are exempt. The proposal still requires approval from the Senate. If passed, it will officially take effect in the 2028 tax year. Opponents point out that the bill may lead to capital outflow to jurisdictions with more favorable tax policies. Investor calculations show that investing 1,000 euros per month for 40 years would result in final returns dropping from 3.32 million euros to 1.885 million euros under the 36% tax rate, a loss of approximately 1.435 million euros.
Techub News, Dutch cryptocurrency platform Finst has completed an €8 million Series A funding round led by Endeit Capital. Participants included existing investors, with individual investors such as Spinnin’ Records founder Eelko van Kooten and DEGIRO co-founder Mark Franse. Following this round, Finst's total funding has increased to €15 million. The funds will be used to expand into the European market and develop new products and services, including expanding staking coverage and interest rate plans, increasing asset choices and platform features, and launching more product lines for institutional and professional users. Founded in 2023, Finst has obtained crypto asset service provider authorization from the Dutch Authority for the Financial Markets (AFM) and claims its services cover retail and institutional clients in 30 European countries.
Techub News, according to Reuters, Dutch cryptocurrency company Amdax plans to launch a Bitcoin fund company named AMBTS on the Dutch exchange, having raised 30 million euros ($35 million) in funding. Amdax stated that the completion of AMBTS's first funding round means the company is ready to initiate its Bitcoin purchase plan.
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