The government is seeking views on modifying the tax treatment of decentralised finance (DeFi) lending and staking. Under the proposed changes, the use of cryptoassets in DeFi transactions would no longer be treated as giving rise to a disposal for tax purposes. Instead, a tax disposal would arise when the cryptoassets are economically disposed of in a non-DeFi transaction.

Mastercard is expanding its cryptocurrency payment card program by seeking out more partnerships with crypto firms. Banks have become wary of crypto clients after a number of big crypto firms collapsed last year, but Mastercard is still enthusiastic about the underlying blockchain technology that powers cryptocurrencies. The company is not currently considering imposing restrictions on the amount of money that could be transferred to crypto exchanges using its payments network.

1. Jack Dorsey, the CEO of Block and the cofounder of Twitter, is a legal champion for the Bitcoin community. 2. Dorsey has contributed to crypto in many ways, including helping to build the Lightning Network and funding the defense of Bitcoin developers who are being sued by Craig Wright. 3. The crypto community needs a good guy like Dorsey to champion its interests, as opposed to someone like Elon Musk, who has fostered a culture of chaos and abuse at Twitter.

The article discusses how psychological ownership can lead to increased customer loyalty and engagement with a product or service. It describes how crypto projects can use this concept to create healthier user retention and sustainable ecosystems. Finally, it outlines some of the challenges and opportunities associated with creating psychologically owned crypto assets.