China's Ministry of Finance stated that the World Bank's reported phase-out of lending by 2031 is a natural result of China's advancing economy and shifting development needs, moving cooperation towards knowledge sharing. US officials praised the move.
Spain has removed Gibraltar from its list of non-cooperative tax jurisdictions after 35 years, citing Gibraltar's compliance with OECD tax transparency standards and cooperation agreements. Meanwhile, Russia has been added to the list due to its lack of tax cooperation with the EU.
Vietnam's Ministry of Finance is drafting a decree to allow public service units to convert into joint-stock companies or single-member limited liability companies owned by the state. The proposal expands on current regulations, aiming to avoid private monopolies and retain state control in sensitive sectors like publishing and media, while excluding hospitals and schools from conversion.
Vietnam's Ministry of Finance proposed allowing SMEs to use digital assets, virtual assets, and intellectual property as collateral for bank loans, aiming to boost credit access for startups and tech companies.
Japan has reportedly intervened with $35 billion to support the yen, aiming to curb weakness driven by a wide interest rate gap with the U.S. While the move caused a short-term dollar decline, analysts warn that the carry trade remains a risk to assets like Bitcoin.
