New Version, Worth Being Seen! #GateAPPRefreshExperience
🎁 Gate APP has been updated to the latest version v8.0.5. Share your authentic experience on Gate Square for a chance to win Gate-exclusive Christmas gift boxes and position experience vouchers.
How to Participate:
1. Download and update the Gate APP to version v8.0.5
2. Publish a post on Gate Square and include the hashtag: #GateAPPRefreshExperience
3. Share your real experience with the new version, such as:
Key new features and optimizations
App smoothness and UI/UX changes
Improvements in trading or market data experience
Your fa
【Event Background】The global tax transparency storm is approaching! Starting from 2026, 48 countries including the United States, the European Union, and Japan will implement the global standard reporting system (CARF). At that time, major trading platforms will be required to automatically collect and report users' identity information, transaction amounts, timestamps, and other data to local tax authorities. In simple terms, your transaction records will be tracked in real-time like being equipped with GPS.
【How Hardcore Are the Rules】This alliance is unprecedented in scale, covering major global economies. The enforcement on exchanges is mandatory—regardless of whether you declare, the system will automatically synchronize data. Coins accumulated at low prices in 2017 or small trades made on a whim last year may all appear on tax reports. For long-term holders, this means re-evaluating your investment portfolio.
【Details to Watch Out For】However, this transformation is not uniform. Enforcement varies by country—some regions with looser regulations may lack complete infrastructure, leading to gaps in supervision. Additionally, users employing anonymous coins ( like XMR, ZEC) still have loopholes under current rules. Short-term market fluctuations may occur, but in the long run, this is an inevitable process for the industry to move toward standardization.
【Advice to Everyone】Instead of passively reacting, it’s better to take proactive steps—organize your transaction records, cost basis, and profit details now, and prepare in advance. Transparency fundamentally protects compliant players; those with a lucky mindset are the ones who should worry. This policy shift prompts us to reconsider: should cryptocurrencies become more transparent financial tools, or continue to operate outside the traditional system? (What do you think? )