In its latest effort to become a global cryptocurrency hub, the United Kingdom has introduced a tax exemption for non-residents and foreign investors. The exemption applies when users purchase digital...
Tag: Foreign
United Kingdom implements crypto tax exemption for foreign investors
The UK has extended a crypto tax break for foreign investors who buy crypto using local brokers. The move is in line with PM Sunak’s vision to turn the UK into a crypto hub. Crypto investors from aro...
‘There are no dollars’: foreign currency crunch hits Egypt’s economy
With foreign currency in short supply in Egypt, Rafik Clovis spent December anxiously waiting to find out whether his bank would be able to provide the $67,000 he needed to fund the import of a consig...
U.K. activates new crypto tax policy to encourage foreign investment
Effective Jan.1, 2023, the U.K. will offer tax relief for crypto foreign investors who purchase digital currencies via regulated brokers and investment managers. This is as the region takes concrete s...
China’s U.S. Ambassador Qin Gang Promoted To Foreign Minister
Chinese Ambassador to the U.S. Qin Gang visits the International Leadership of Texas, Garland High … [+] School on May 31, 2022 in Dallas, Texas. (Photo by Liao Pan/China News Service via Getty ...
Russian Wildberries Shows Tech Companies Increasingly Domestic, Less Foreign
Russia’s woman-founded and woman-owned e-commerce company, Wildberries, is seeing the benefit of … [+] foreign firms leaving the market because of sanctions. (Photo Illustration by Rafael ...
Japanese Regulators May Reverse Ban on Foreign Stablecoins: Report
Japan became one of the first big countries to establish a legal framework for stablecoins in June. Six months later, it is taking yet another crucial step to tweak the existing ban as the Financial S...
Japan to lift its ban on foreign stablecoins in 2023
Japan’s Financial Services Agency (FSA) is set to lift the ban on foreign-issued stablecoins in 2023. The newly revised stablecoin act aims to regulate all virtual currencies and limit their issuance ...
Japan Reportedly Plans To Allow Foreign Stablecoins Next Year
Altcoin News The authority began soliciting public opinion on potential solutions. Local officials have expressed warnings about the dangers of using algorithmic stablecoins. Japanese authorities are ...
Japan Set to Lift Ban on Foreign Stablecoins in 2023
Japanese regulators are reconsidering lifting the ban on cryptocurrency restrictions related to foreign stablecoins such as Tether (USDT) and USD Coin (USDC) in 2023 according to reports by local news...
Japan’s FSA set to lift the ban on foreign stablecoins in 2023
Stablecoins have been a contentious topic for the better part of 2022. However, Japan has taken a stand that could change the tide of this narrative. Japanese regulators are reviewing certain signific...
Japan to lift the ban on foreign stablecoins like USDT in 2023: Report
Japanese regulators are reconsidering some major cryptocurrency restrictions related to the use of stablecoins like Tether (USDT) or USD Coin (USDC). The Financial Services Agency (FSA) of Japan will ...
Stablecoin Regulations Could Loosen in Japan for Foreign Tokens
Japan’s Financial Services Agency is expected to remove the restriction on the domestic distribution of stablecoins created abroad in 2023. According to Coinpost, new crypto rules in accordance with ...
How foreign states raided Britain’s crown jewels
Blair, Johnson, Sunak – Thomas Broom Let’s just take the companies that actually have the word “British” in their name. British Airways is owned by IAG, a Spanish registered company. British Ste...
Can Stablecoins Revolutionize Foreign Aid? The UN Thinks So.
If only stablecoins had been around in the late aughts. The likes of USDC and USDT would have provided a viable — and, potentially, game-changing — alternative for cash aid disbursements in Iraq and A...
No World Cup Titles For Teams With Foreign Head Coaches, But They’ve Won Everything Else
LISBON, PORTUGAL – JULY 4: Coach Otto Rehhagel of Greece celebrates with the trophy after winning … [+] the UEFA Euro 2004 Final match between Portugal and Greece at the Luz Stadium on Jul...
Turkey Orders Banks to Limit Foreign Currency Holdings
(Bloomberg) — Turkey’s banking regulator changed a rule to push commercial lenders to hold less foreign currency for their needs following a warning letter last week. Most Read from Bloomberg Th...
FP Markets adds foreign FX pairs to MT4 and MT5 trading platforms
A forex trading broker, FP Markets, has launched new foreign currency pairs that are available across CFD and FX brokers’ platforms of MetaTrader 4 and MetaTrader 5. The new launch of FX pairs targets...
Shanghai Foreign Correspondents Group “Very Concerned” After BBC Journalist Detained By Police
Police officers stand guard during a protest in Shanghai, China, on Sunday, Nov. 27, 2022. Protests … [+] against Covid restrictions spread across China on Sunday as citizens took to the streets...
Australia Will Not Treat Digital Assets Like Foreign Currency
Australia has made a specific taxation decision when it comes to crypto assets, and members of the industry and active traders are not happy about it. Australia May Have Made a Severe Choice Regarding...
China’s foreign exchange bureau calls for stronger crypto regulations – crypto.news
An exec at China’s Foreign Exchange Bureau urges stronger legislation to regulate crypto trade in China. Fresh agitations for crypto regulations in China China’s Foreign Exchange Bureau has called for...
America Bets On Semiconductor Development As Layoffs Leave Foreign H1B Workers Scrambling
Semiconductor production is coming to America getty Recent developments in the tech industry in the United States have raised questions about the future of skilled workers and U.S. immigration law. Ma...
Nigeria’s Rising Inflation and Foreign Exchange Shortages Fueling Devaluation Speculation — IMF Mission – Economics Bitcoin News
According to the International Monetary Fund (IMF)’s mission concluding statement, Nigeria’s rising inflation rate as well as the continuing shortage of foreign currency are fueling the naira devaluat...
Spain Promotes New ‘Up-To-70%’ Tax Incentive For Foreign And National Productions
View of the backdrop for the World premiere of HBO original drama series “House of the Dragon” at … [+] the Academy Museum of Motion Pictures in Los Angeles, July 27, 2022. (Photo by...
DOT says Frontier, foreign airlines must pay travelers $600 million in refunds
Travelers look at a display board showing cancelled and delayed flights at Orlando International Airport on New Year’s weekend, despite thousands of flight cancellations and delays across United...
Climate Booster And Foreign Policy Tool
EVERETT, MA – October 31: Everett LNG Marine Terminal on October 31, 2022 in Everett, … [+] Massachusetts. (Photo by Matt Stone/MediaNews Group/Boston Herald via Getty Images) MediaNews Gr...
China is targeting El Salvador’s foreign debt
El Salvador’s Vice President Felix Ulloa said that China has offered to buy the country’s heavily distressed external debt. El Salvador: Felix Ulloa reveals China’s offer to buy foreign debt Felix Ull...
Biden Says The U.S. Should Review Elon Musk’s Relationships With Foreign Governments
President Joe Biden speaks to reporters on Wednesday, November 9. The White House via YouTube U.S. President Joe Biden suggested that his administration may look into Elon Musk’s business and technica...
Sanctions on Russia Opened Domestic Markets for Foreign Crypto Issuers: Report
Cryptocurrencies remained among the burning topics during the Russia–Ukraine war. It had played a role from both the sides where war affected Ukraine received funds and aid from all over the world in ...