The United Kingdom’s finance regulator the Financial Conduct Authority has released a consultation paper titled “Guidance on Cryptoassets.” The United Kingdom’s financial regulator has published a consultation paper titled “Guidance on Cryptoassets” today, Jan. 23. The stated goal of the Financial Conduct Authority’s (FCA) paper on cryptocurrency is to provide more regulatory clarity on the […]
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Entrepreneur John McAfee used news of unknown charges against him to reiterate his belief in cryptocurrency taking tax power away from governments. United States entrepreneur and serial cryptocurrency advocate John McAfee has fled the country to conduct his 2020 presidential campaign, he said in a video statement Jan. 22. McAfee claims he has been indicted […]
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The South African Reserve Bank’s latest cryptocurrency report has led to a positive outlook for the sector in the country. A working group of South African financial regulatory organizations has released a consultation paper focused on cryptocurrencies, calling for public input to develop a cryptocurrency regulation policy for the country. This latest consultation paper is […]
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Swiss Falcon Private Bank has introduced direct transfers of crypto and crypto-fiat withdrawals. Switzerland-based Falcon Private Bank has introduced support for direct transfers and storage of select cryptocurrencies, according to an official press release published on Jan. 21. The bank announced that both private and institutional investors can now directly transfer a selection of major […]
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Chilean taxpayers must report their cryptocurrency profits to the Chilean Internal Revenue Service, local media reports. Chilean taxpayers must report their cryptocurrency profits to the Chilean Internal Revenue Service (SII), Spanish crypto media Diario Bitcoin reports on Jan. 17. The SII reportedly decreed in 2018 that digital currencies weren’t subject to Value Added Tax (VAT), […]
Continue ReadingMalaysia has given cryptocurrencies the regulatory green light — but they have to adhere to securities laws and will be governed as such. Cryptocurrency exchanges and blockchain-based companies in Malaysia face some testing times following regulatory changes in the country. As of Tuesday, Jan. 15, new regulations governing cryptocurrencies have come into effect in Malaysia. […]
Continue ReadingAll of the top 20 coins by market cap are seeing green today, Jan. 17, except for stablecoins USDT and USDC. Wednesday, Jan. 16 — Cryptocurrency markets are mostly green today, according to Coin360 data. Most of the top 20 coins by market capitalization are up over the last 24 hours, with Bitcoin (BTC) holding […]
Continue ReadingBitcoin investors in the United States who sold their crypto lost $1.7 billion, but many don’t plan on reporting their gains and losses, a survey shows. Crypto investors in the United States who sold their Bitcoin (BTC) holdings lost $1.7 billion, but many do not plan to deduct the losses, a survey conducted by personal […]
Continue ReadingAn administrative district in southwest Seoul plans to use a blockchain-based system for evaluating proposals. A district in the South Korean capital has announced it will apply blockchain to its proposal evaluation system, privately owned local news agency Newsis reports on Jan. 16 According to the article, South Korea’s Yeongdeungpo-gu — an administrative district in […]
Continue ReadingDenmark’s Tax Authority has been authorized by the country’s Tax Council to obtain information from three domestic crypto exchanges. Denmark’s Tax Authority has been authorized by the country’s Tax Council to obtain information regarding all trades of cryptocurrencies across three domestic crypto exchanges. An official announcement published on the agency’s website reported this development on […]
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