Tax authorities can now fully access dividend and cash-value data on overseas insurance policies, as routine CRS information exchange closes a long-standing enforcement gap, according to China's Caixin news outlet. Insurance gains tied to overseas income have already entered the tax collection pipeline. CRS, described as the “sky eye” of the global tax system, is moving to its next stage. CRS 2.0 will bring crypto assets, central bank digital currencies (CBDCs) and specific electronic money products into the definition of financial assets, a change that tracks the growing integration of digital assets with mainstream finance. The tightening is visible across multiple fronts, including overseas stock trading, overseas insurance and offshore trusts. The rollout of CRS 2.0 and stricter enforcement of overseas income tax are not independent moves; they reinforce each other and jointly tighten supervision over cross-border tax sources. As data sharing becomes more routine and the definition of financial assets expands, taxpayers holding offshore policies or digital assets face a narrower set of gaps in which to operate.

India’s Central Board of Direct Taxes has revised its global tax reporting framework to bring certain crypto assets, central bank digital currencies, and digital currency products within the scope of the Foreign Account Tax Compliance Act and the Common Reporting Standard, according to The Economic Times, as cited by ChainCatcher. The update also tightens due diligence requirements for financial institutions. Under the revised framework, banks, mutual funds, insurance companies, custodians, and other investment entities are given guidance on identifying reportable accounts, verifying tax residency status, and filing financial information. The change broadens the reporting perimeter beyond traditional financial accounts and adds compliance expectations for institutions handling covered digital assets. The report said financial institutions must also apply enhanced due diligence to high-value accounts with balances above $1 million. The move adds a more detailed compliance layer to India’s tax information reporting system and sets out how covered entities should handle account classification and disclosure obligations under the updated rules.

The Bank of Korea is preparing to widen its central bank digital currency pilot as early as September, moving Project Hangang into a second phase that adds two more banks and shifts the focus toward live transaction testing. According to ETNews Korea, the new stage will raise participating banks from seven to nine and allow as many as 500,000 users to access bank-issued deposit tokens built on central bank infrastructure. The structure uses a wholesale CBDC for interbank settlement, while commercial banks issue deposit tokens for everyday consumer and merchant payments. The second phase also introduces more banking-style functions, including peer-to-peer transfers, biometric payments, automatic top-ups, recurring payments, cash receipt generation, and interest payments. The Bank of Korea is also set to test programmable deposit tokens for government subsidy distribution for the first time. In parallel with the CBDC effort, local banks are also building infrastructure for a won-denominated stablecoin, highlighting South Korea’s broader push to modernize its financial rails through multiple forms of digital money.

At his Senate confirmation hearing, Kevin Warsh said crypto is now embedded in the structure of the financial system and should not be viewed only as speculation. He also opposed a Fed-issued CBDC and said he would divest crypto-related holdings before taking office.

Governor Henry McMaster signed S.B.163, barring state agencies from participating in Federal Reserve CBDC projects while expanding protections for self-custody, mining, staking, and blockchain development. Stablecoins are exempt.

The US Senate passed the 21st Century ROAD to Housing Act by 85-5, including a four-year ban on a Federal Reserve CBDC. If approved by the House and signed by President Trump, the Fed would be blocked from issuing a digital dollar through the end of 2030.

TON Station’s April 11, 2026 Daily Combo should be verified inside the official Telegram game. The article outlines the task flow, common mistakes, and key safety checks, while noting that in-app points are not guaranteed cash-value assets.

Billionaire investor Ray Dalio warns that central bank digital currencies (CBDCs) could enable instant taxation, strict capital controls, and exclusion of dissidents, effectively eliminating financial privacy.