Spain exempts self-custody wallets from crypto tax reporting Spain's tax authorities have confirmed that cryptocurrency held in self-custody wallets — where the owner controls the private keys — does not need to be reported under Form 721, the country's disclosure form for foreign-held digital assets. The exemption hinges on one condition: no third party holds the assets on your behalf. The rule draws a clean line between personal custody and exchange or custodial holdings abroad, which remain reportable. Simple in principle, potentially significant in practice — Spain just gave self-custody

UK Banking Giants Complete First Tokenized Deposit Transfers Lloyds, NatWest, Barclays, and HSBC have completed what UK Finance calls the world's first interbank transactions using blockchain-based tokenized deposits. The real-world tests covered mortgage payments and person-to-person transfers — core, unglamorous banking plumbing, not crypto speculation. UK Finance says the milestone could pave the way for faster bank payments, new forms of digital money, and tokenized bonds. Institutional-grade blockchain adoption, quietly moving forward while the market obsesses over ETF flows. 🌴 Subscri

Circle Launches Arc Blockchain, CEO Calls It Bigger Than USDC Circle has unveiled Arc, its own blockchain purpose-built for payments, tokenized assets, and institutional finance. CEO Jeremy Allaire isn't being shy about the stakes — he's calling Arc "more consequential" than USDC itself, the stablecoin that put Circle on the map. The launch lands as banks and payment giants are piling into the stablecoin market, making Circle's move to own the underlying infrastructure layer look less like ambition and more like necessity. 🌴 Subscribe Please open Telegram to view this post