In South Korea, tax experts gathered and proposed a transaction tax on cryptocurrency before leaping straight to an official income tax. South Korean tax experts have advised the Korean government to apply a low-level trading tax on cryptocurrency profits before subjecting citizens to a transfer income tax, according to a Business Korea report. The Korean […]
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As a crypto firm in Ukraine plans to issue the first Ukrainian hryvnia-pegged stablecoin, the country’s central bank is progressing with its e-hryvnia project. Despite considerable testing and research, the prospect of a central bank digital currency (CBDC) still raises significant concerns for bankers in Ukraine. At a Feb. 21 conference in Kyiv, the National […]
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The Japan-based cryptocurrency exchange announced a 12th currency would soon be available for trading. Japan may be on its way to creating a state-issued digital currency, but local companies in the world’s third-largest economy can still innovate and provide some healthy competition. Coincheck, the crypto exchange based in the Asian nation, currently handles trading, selling, […]
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To avoid recession of national economics Turkey is planning to become the crypto and blockchain hab in Eurasia: What has been done and what to expect in the future? Turkey is making huge strides toward becoming one of the world’s premier locations for blockchain and cryptocurrency adoption. A nation that has often been seen as […]
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Authorities in the 3rd-largest economy are meeting to discuss adopting a digital currency. With finance ministers and central bank governors having recently discussed cryptocurrency regulations at the G-20 summit, Japan is taking notice at home. Leaders at the Bank of Japan (BOJ), Ministry of Finance (MOF), and Financial Services Agency (FSA) have held a number […]
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Blockchain is becoming a hot topic, but is it being effectively implemented around the world? Blockchain usage is exploding around the world. But despite the technology’s many vocal advocates, the spread of technology is never even. Adoption is limited by a number of factors, including infrastructure development, local resources and regulation. As happens with the […]
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Alex Tapscott discusses his recently released book Financial Services Revolution with Cointelegraph. When the United States Treasury said on Feb. 13 that it would seek to enact new regulations governing cryptocurrencies, the price of Bitcoin (BTC) fell by almost 2% within an hour. But Alex Tapscott, for one, thinks it unlikely that the U.S. government […]
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From payments to asset management and even data privacy, DeFi solutions are spreading across multiple sectors. As the new decade unreels, a new wave of disruption seems to be coming to the shores of the global financial system. That wave is called decentralized finance protocols. Decentralized finance, or DeFi, simply refers to financial software that […]
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Belgium’s Financial Services and Markets Authority has updated its blacklist of cryptocurrency-related websites associated with fraudulent activity. Belgium’s Financial Services and Markets Authority (FSMA) has updated its blacklist of cryptocurrency-related websites associated with fraudulent activity. The FSMA made the update following a number of complaints from Belgium-based users who dealt with fraudulent offers of investment […]
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Central bank governors and finance ministers discussed regulatory oversight of cryptocurrency at the G20 meeting in Riyadh this week. Facebook’s plans to launch its cryptocurrency Libra this year has more than a few agencies in the European Union and the United States wondering what to do. While government bodies around the world are working to […]
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