Tax primer for retailers and e-tailers who want to use crypto. During 2019 alone, thousands of merchants worldwide were accepting Bitcoin (BTC) as a payment method. Despite this, a lot of current and would-be merchants are confused about how to pay taxes on their cryptocurrency sales. This guide was created by a United States business […]
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The U.S. government has rejected the claim of alleged OneCoin money launderer Mark Scott that it failed to produce sufficient evidence against the former attorney. The United States government has stood by its evidence presented against alleged OneCoin money launderer and former attorney Mark Scott. In a memorandum filed on March 24, the government responded […]
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A fraudulent Google Chrome extension has allegedly stolen as much 1.4 million XRP from users this month alone. A fraudulent Google Chrome extension has allegedly stolen as much 1.4 million XRP from users this month alone. In a series of tweets published on March 24, the research team “xrplorer forensics” claimed that fake Ledger Live […]
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Brave has partnered with Binance to bring in-browser crypto trading to 13 million users with more exchanges coming soon. Brave has partnered with Binance to bring in-browser crypto trading to its 13 million users. The Binance Widget allows Brave users to make crypto trades without leaving the browser. Branden Eich, CEO of Brave Software explained […]
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Bank of China continues its anti-crypto narrative and urges the public to pay attention to crypto scams on its official WeChat account. Financial markets are facing their worst crisis since 1929 and people are looking for alternatives to protect themselves from the crash. One option being considered by many is cryptocurrency. In response, Bank of […]
Continue ReadingThe Reserve Bank of Zimbabwe proposed a crypto regulatory sandbox amid plans to launch a gold-backed digital currency. The Reserve Bank of Zimbabwe, the country’s central bank, is considering a regulatory sandbox for crypto companies in an apparent change from its previous anti-cryptocurrency stance. The proposed sandbox is reportedly part of a broader agenda by […]
Continue ReadingCanada’s financial regulator has announced that it will soon implement new anti-money laundering laws including stringent reporting requirements for crypto. The Financial Transactions and Reports Analysis Center of Canada (FINTRAC) has announced it will soon implement new anti-money laundering (AML) and counter-terrorist financing (CTF) regulations. The laws including updated guidelines for virtual currencies. In a […]
Continue ReadingSingapore’s central monetary authority issued a new set of guidelines for digital payment token service providers on March 16. Some countries have been late to the party when it comes to recognizing and regulating digital assets. The first time that Singapore’s central bank issued a framework for the regulation of payment-related activities was on Jan. […]
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The CBDC race has long been on, and some countries might finish sooner rather than later. The race for central-bank digital currencies has been on for some time now, and since the development of the digital yuan may have been postponed due to the coronavirus pandemic, other countries could beat China to the punch. Almost […]
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Two Canadian nationals will spend 24 months in a U.S. federal prison for stealing 23.2 Bitcoins in a scam executed on Twitter. Two Canadian nationals have been sentenced to two years in a United States federal prison for stealing 23.2 Bitcoin (BTC) through a scam on Twitter in 2017. According to the U.S. Department of […]
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