Russia’s Federal Tax Service (FTS) has joined the debate around crypto regulation in Russia with an unexpectedly blunt proposition — to let Russian companies use digital currencies as a payment ...
Tag: Foreign
Ireland bans political crypto donations on foreign interference fears
Donations made to political parties using cryptocurrencies will be banned in Ireland under new political integrity laws drafted due to concerns around foreign interference in politics. Amendments prop...
Treasuries’ Biggest Foreign Buyers to Return on Weakening Yen
(Bloomberg) — Japan’s giant investors look set to bet on yen weakness continuing and boost their purchases of Treasuries over the rest of the year. Most Read from Bloomberg That’s the view of mo...
Do U.S. Citizens Have to Pay Taxes on Foreign Income?
SmartAsset: Do U.S. Citizens Have to Pay Taxes on Foreign Income? Do U.S. citizens have to pay taxes on foreign income? The short answer is yes. Even if you bring in foreign income, you’ll need to inc...
The Rise of Bitcoin in El Salvador Portends a New US Foreign Policy Toolkit (Op-Ed)
US Rep. Norma Torres (D-CA) introduced the Senate Accountability for Cryptocurrency in El Salvador Act (ACES) Monday. Rep. Rick Crawford (R-AR) co-sponsored the bill. Rep Torres averred: “El Salvador’...
Fed Fears Weigh On Foreign Sentiment Though Not Chinese Sentiment
China Last Night KraneShares Key News Thailand chose the right day to be on a market holiday as Asian equities took a one-two punch from Fed Gov Brainerd’s statement that US interest rates will rise i...
South American Country put 20% tax on transactions in cryptocurrency and foreign currency
Recently seen as a general trend that although governments across countries make legal tender to cryptocurrencies in process, they also put on heavy taxes The Government of Venezuela recently has mad...
U.S. Treasury wants to include crypto in foreign accounts reporting rules
A new proposal published by the U.S. Treasury suggests that cryptocurrencies such as Bitcoin and Ethereum should be added to the Internal Revenue Service’s (IRS) rules for reporting taxpayers’ offshor...
How to avoid a 6-figure tax penalty on foreign bank accounts
Chuyn | Istock | Getty Images Whether you’re an expat or U.S.-based, you may need to report your foreign accounts to the U.S. Department of the Treasury by April 15 — or face costly tax penaltie...
South Korean President-Elect Yoon Suk-Yeol’s Early Foreign Policy Challenges
South Korea’s President-elect Yoon Suk-yeol gestures during a ceremony disbanding the presidential … [+] election camp at the National Assembly Library in Seoul on March 10, 2022. SONG KYU...
How The Ban Of Multi-Club Ownership Could Impact Foreign Investments And Change The Future Of Italian Soccer
TURIN, ITALY – MAY 09: Zlatan Ibrahimovic of A.C. Milan reacts during the Serie A match between … [+] Juventus and AC Milan at on May 09, 2021 in Turin, Italy. Sporting stadiums around Ita...
Ukraine And Russia Nearing Agreement On ‘Critical Subjects’, Turkish Foreign Minister Says
Follow real-time updates on Russia’s invasion of Ukraine. Pro-Russian separatists are seen as civilians trapped in Mariupol city under Russian attacks, are … [+] evacuated in groups under ...
Warren’s Crypto Sanctions Bill Aims to Crack Down on Russia, Track Wallets With Foreign Ties
In brief Senator Elizabeth Warren has proposed a new bill that enhances the U.S. government’s ability to clamp down on Russian cryptocurrency use. The bill also has a provision that requires U.S. taxp...
Citi Promoted Stuart Staley to Global Co-Head of Foreign Exchange
Citi announced that it has promoted Stuart Staley to Global Co-Head of Foreign Exchange. In an article recently shared with Finance Magnates, Stuart Staley, an executive veteran with more than thirty ...
Foreign Exchange Service Firm Midpoint Completes Acquisition of Blockchain World
UK-based Midpoint Holdings Ltd, an international payments and peer-to-peer foreign exchange service company, announced that it had completed the acquisition of Blockchain World Ltd (“BWL”). The acquis...
Russia Considers Nationalizing Foreign Businesses
The Russian government is reportedly considering seizing and nationalizing the assets of foreign companies exiting Russia due to its invasion of Ukraine. Seen as retaliation for Western sanctions and ...
A ‘Political Novice’ Will Soon Be In Charge Of South Korean Foreign Policy, With What Result?
South Korea’s presidential candidate Lee Jae-myung of the ruling Democratic Party looks on before a … [+] debate with his rivals at the KBS studio on March 02, 2022 in Seoul, South Korea. ...
Russia could “nationalize” foreign assets
Security Council deputy chairman and former president of Russia Dmitry Medvedev has said that Russia could “nationalize” foreign assets. Russia’s threat to foreign assets The measur...
Putin signs decree to prohibit leaving Russia with more than $10,000 in foreign currency
Russian President Vladimir Putin on Tuesday signed a decree that prohibits taking more than $10,000 worth of foreign currency in cash and “monetary instruments” out of Russia. The move comes in respon...
Putin’s Limits on Foreign Payments Raise Questions
(Bloomberg) — President Vladimir Putin banned all Russian residents from transferring foreign currency abroad, hardening capital controls as part of a package of retaliatory measures for U.S. an...
Russia May ‘Nationalize’ Foreign Assets in Response to Western Sanctions, Medvedev Says – Bitcoin News
Authorities in Russia may begin to seize funds of foreign nationals and companies that are in the country, former Russian President Dmitry Medvedev has indicated. His warning comes as the West continu...
Foreign Investors Boost El Salvador Tourism Since Bitcoin Law
Despite facing pushback from several international agencies, El Salvador’s Bitcoin Law has revived its tourism sector, which shot up 30% in the middle of the global pandemic. Tourism Booms With Bitco...
The FDA Delivered A Big Win For Innovation Against Foreign “Me-Too” Drug Makers
getty On 19 February 2022, the FDA’s Oncologic Drugs Advisory Committee (ODAC) dealt a serious blow to China’s “me-too” drug-makers hoping that China-derived data will grant them access to the US mark...
El Salvador Proposes Offering Citizenship To Foreign Investors
Nayib Bukele, El Salvador’s Bitcoin-loving president has announced plans to offer citizenship to foreign investors. This move could invite more investment projects like this series of reforms is a ste...
El Salvador President Nayib Bukele Moves to Offer Citizenship to Foreign Investors – crypto.news
El Salvador’s President Nayib Bukele has revealed his plans to offer citizenship to foreigners who invest in his country. He also proposed 52 legal changes to Congress to reduce bureaucracy and red ta...
President Nayib to offer citizenship to foreign investors
TL;DR Breakdown Salvadoran President Nayib Bukele has announced his desire to grant citizenship to international investors who invest in the small Central American nation. The 52 proposed legal change...
El Salvador’s Crypto-Loving President’s New Gamble: Citizenship For Foreign Investors
Topline El Salvador’s President Nayib Bukele said in a Sunday tweet he plans to introduce a series of reforms including offering citizenships to foreign investors, another step for the populist leader...
Venezuelan Government Approves New Tax for Cryptocurrency and Foreign Currency Transactions – Coinotizia
The Venezuelan Government has approved a new tax that would affect transactions made in foreign currency and cryptocurrency transactions. Approved by the National Assembly of the country, the tax, cal...
What Joint Russian-Syrian Air Patrols Might Mean For Foreign Air Forces Over Syria
In late January, the Russian Defense Ministry announced that Russian and Syrian warplanes had conducted joint patrols along the Golan Heights and the Euphrates River. “The mission route include...