Ethereum is most likely not a security under U.S. laws, but a statement by the SEC chairman did not confirm it. Ethereum is most likely not a security under existing United States laws, as previously said by U.S. Securities and Exchange Commission (SEC) Division of Corporate Finance head William Hinman. “Based on my understanding of […]
Continue ReadingThe encouragement comes despite withdrawal of investment plans for tZERO, while Overstock will change its strategy this year. Canadian online retailer Overstock.com said it would counter its significant losses for 2018 with a return to profits this year in its Q4 earnings report released on March 18. Overstock, which is famous as being one of […]
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Australia’s financial watchdog has shut down the operations of two crypto exchanges in connection with a drug trafficking case. The Australian anti-money laundering watchdog has suspended the registrations of two cryptocurrency exchanges in connection with a drug trafficking case, the agency announced in a press release on Friday, March 8. The Australian Transaction Reports […]
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A French financial regulator has proposed to ban privacy-focused cryptocurrencies. The head of the Finance Committee of France’s National Assembly, Eric Woerth, is suggesting a ban on anonymous cryptocurrencies, or so-called privacy coins. Woerth expressed his position in a recent report on crypto assets and blockchain technology. In a forward to the report, Woerth considers […]
Continue ReadingAccording to Forbes, the Canada Revenue Agency has sent crypto investors lengthy questionnaires regarding their holdings. The Canada Revenue Agency (CRA), the government’s tax collection service, is reportedly auditing investors in cryptocurrencies like Bitcoin (BTC), Forbes reports on March 6. Citing sources close to the matter, Forbes states that the CRA has sent extensive questionnaires […]
Continue ReadingAn exchange says it wants to “liberate crypto from the shackles of fees” by enabling traders to perform transactions without any costs in 131 countries. A crypto exchange has announced it is launching “zero-fee trading” across the 131 countries where it currently operates. Zebpay says it wants to “liberate crypto from the shackles of trading […]
Continue ReadingLast month was particularly eventful for the Japanese crypto ecosystem. The beginning of the year was particularly eventful for the Japanese crypto ecosystem, which is generally considered to be a major part of the industry. First of all, Japan’s Central Bank (BoJ) issued a study on the role of central bank digital currencies (CBDCs) in […]
Continue ReadingBig Four firm Ernst & Young has released a new product for claiming taxes on cryptocurrencies. Big Four auditing and professional services firm Ernst & Young EY) has launched a tool for accounting and preparing taxes on cryptocurrency holdings, according to a press release published on Mar. 4. The new tool called EY Crypto-Asset Accounting […]
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California legislators have introduced a bill that would require the state to accept stablecoins from cannabis-related businesses seeking to pay their excise or cultivation taxes. Lawmakers in the United States state of California have introduced a bill to allow cannabis-related business to pay fees and taxes in stablecoins. The bill was introduced by the California […]
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Ohio state treasurer Robert Sprague revealed that the authority has collected two tax receipts via cryptocurrency to date. Two businesses in the United States state of Ohio have paid taxes with cryptocurrencies, state Treasurer Robert Sprague said in a forum on Feb. 19. Ohio became the first state to allow businesses to pay taxes with […]
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