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On October 17, the Ukrainian Ministry of Energy reported that Russia launched a sustained attack on energy infrastructure in several Ukrainian regions from early morning to noon, causing damage to some facilities and power outages in many areas. The attack affected 10 regions: Vinnytsia, Volyn, Donetsk, Zaporizhzhia, Zhytomyr, Odessa, Rivne, Ternopil, Khmelnytskyi, and Kharkiv. Due to the attack, some areas have implemented rotating power outages according to a schedule to address the power shortage. The Ukrainian Air Force reported today that since 6 PM on October 16, Russian forces have launched attacks on Ukraine using various missiles and 332 drones of various types. According to preliminary data, as of 8 AM on October 17, Ukrainian air defense forces shot down/suppressed 293 aerial targets, including four Kalibr cruise missiles and 289 drones of various types. Russian drones have been confirmed to have hit 22 locations, and wreckage of downed drones has been found at three other locations.October 17th - According to DeepSeek, DeepSeek V4.1 Flash has been updated to version V4.1-Flash-1017, and the official website, app, and API models have been updated accordingly. DeepSeek V4.1 Flash 1017 utilizes self-feedback reinforcement learning (RL) training technology to enhance the ability to build complete projects from scratch in game development, 3D modeling, and other fields, supporting more "wish-fulfillment" programming tasks and project development requests.Anthropic co-founder Jack Clark: We need to work together to develop specific and strict rules for artificial intelligence.On October 17th, local time, Japanese Prime Minister Sanae Takaichi, in her capacity as "Prime Minister," offered a ritual offering called "Masakaki" to the Yasukuni Shrine, which enshrines Class-A war criminals from World War II. Several other politicians, including Minister of State for Economic and Fiscal Policy Minoru Shirou, Speaker of the House of Representatives Eisuke Mori, and Speaker of the House of Councillors Shoichi Sekiguchi, also offered "Masakaki" ritual offerings to the Yasukuni Shrine. Regarding the actions of some right-wing Japanese politicians who visit the Yasukuni Shrine or offer ritual offerings, Takakage Fujita, chairman of the "Association for Inheriting and Developing the Murayama Statement," stated that he firmly opposes Japanese politicians visits to the Yasukuni Shrine and calls on Japanese society to uphold the spirit of the "Murayama Statement." Fujita also stated that the visits of Japanese politicians to the Yasukuni Shrine, which is steeped in militaristic ideology, are extremely absurd and wrong, and must be explicitly opposed.Saudi Civil Defense Authority: The danger to Khamis Mushait and Abha has been averted.

Crypto industry disappointed as Australia looks to enshrine tax rules

Cory Russell

Oct 27, 2022 16:16

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The cryptocurrency sector expressed its disappointment on Wednesday with Australia's decision to keep classifying cryptocurrencies as assets for tax reasons rather than foreign currency.


In its budget presentation on Tuesday, the government said that it will submit laws to formalize the classification of virtual currencies like Bitcoin as assets.


This implies that when investors sell cryptocurrency via exchanges or engage in digital asset trading, they must pay capital gains tax on their earnings.


The law eliminates confusion that followed El Salvador's decision to declare Bitcoin legal cash in September of last year, according to the Australian government's budget release.


However, Australia said that central bank digital currency (CBDC), or cash issued by the government, would be considered as foreign money.


Approximately 90% of the central banks throughout the globe are currently utilizing, testing, or researching CBDCs. The majority are attempting to avoid falling behind Bitcoin and other cryptocurrencies but are having trouble due to technical challenges.


The budget shift, according to Mitchell Travers, the founder of blockchain consulting firm Soulbis and a former operator of cryptocurrency exchanges, is ambiguous and seems to be at conflict with government research into the sustainability of a CBDC.


Given that the Treasury is also investing in attempting to shift the traditional technology systems that support our financial system over to digital assets, Travers said it would be unwise for the government to really take an enforcement approach to the taxation of crypto assets in its early stages.


If they were to impose the taxation of digital assets and then introduce its own CBDC without precise specifications of what token corresponds to what tax classification, it would be an amusing paradox.

The Treasury said in August that it will prioritize "token mapping" work, which would assist determine how crypto assets and associated services should be regulated. The Australian crypto industry is mainly uncontrolled.


The sharp decline in cryptocurrency values caused El Salvador, which became Bitcoin legal money last year, to suffer significant economic losses.


According to Caroline Bowler, CEO of BTC Markets, an Australian cryptocurrency exchange, "I think they are taking a snapshot in time and making an assessment for a long time around what happened in El Salvador and the price of bitcoin." She added that Australia will lag behind other nations that are adopting a more open-minded strategy.


The United Kingdom now has a prime minister who is conversant with central bank digital currencies, so Bowler predicted that Europe would gain ground. If we don't consider proportionate, sensible regulation, all these trade partners will surpass Australia.

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