The failure of California-based Silicon Valley Bank today leaves the crypto market with one fewer lending partner, adding further pressure on stablecoin issuer Circle to beef up its portfolio of bank ...
Tag: issuers
Thai Govt to Grant Tax Waivers to Issuers of Digital Asset Investment Tokens – Taxes Bitcoin News
Thailand’s government has said companies that issue digital tokens will receive a waiver that exempts them from paying corporate and value-added tax. According to a report, the Thai government anticip...
Thailand to offer tax breaks for investment token issuers
The government of Thailand is moving to benefit from the digital asset industry growth by allowing tax-free issuance of digital tokens for investment. Thailand’s cabinet has agreed to waive corp...
Thailand Offers Tax Breaks for Investment Token Issuers
The Thai cabinet has agreed to offer tax breaks for corporate income and value-added tax for companies issuing digital investment tokens. Reuters reports that Thailand’s cabinet on Tuesday agreed to w...
How Hard is it for Stablecoin Issuers To Cash Out Billions?
Stablecoin issuer Paxos Trust, under pressure from US regulators, must be able to honor potentially billions in redemptions in the year ahead. That raises questions about whether the firm — and, for t...
Their Issuers Went Bankrupt, but These Tokens Have Survived
The recent resilience of so-called zombie tokens — coins that have risen from the dead after the collapse of their issuers — have shocked crypto traders of late. The native tokens of Voyager, Lu...
Coinbase CEO calls for regulation of stablecoin issuers
Coinbase’s CEO, Brian Armstrong, proposed a plan on Monday to bring regulatory stability to the crypto industry. He believes the law will encourage the adoption of stablecoins. Stablecoin issuer regul...
SEC Chairman Says Important to Regulate Crypto Issuers and Intermediaries – Regulation Bitcoin News
The chairman of the U.S. Securities and Exchange Commission (SEC), Gary Gensler, has stressed the importance of bringing “intermediaries and issuers of crypto securities” into compliance. In addition,...
Find Here What Japan is Planning for Cryptocurrency Issuers?
Japan is supporting the crypto industry from the unexpected fallout of Sam Bankman-Fried’s crypto empire. As the country agreed to ease corporate tax rules for virtual currencies. Japan’s Relief for C...
Japan to Ease Corporate Tax Rates for Token Issuers
Earlier this week, Japan’s ruling Liberal Democratic Party (LDP) approved a proposal that would exempt companies that issue cryptocurrencies from taxes on unrealized capital gains for tokens they reta...
Japan Reduces 30% Crypto Tax On Paper Earnings For Token Issuers
Even if they haven’t made a profit via the sale of their shares, Japanese crypto issuers are compelled to pay a predetermined corporation tax rate of 30% on their holdings under the current fram...
Japan set to ease 30% crypto tax on paper profits for token issuers
The Japanese government is set to ease tax requirements for local crypto firms, as it pushes to stimulate growth in the domestic finance and tech sectors. At present, Japanese firms that issue crypto ...
Maxine Waters, Patrick McHenry: Stablecoin Issuers Watching Their Next Moves – Most Influential 2022
The two most important members of the U.S. House of Representatives committee that oversees much of the financial system almost pulled off a miracle: Writing a bill to establish the first real federal...
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 ...
Stablecoin issuers Circle and Paxos gain approvals in Singapore
Stablecoin issuers Circle and Paxos have each received approvals for their respective licenses from the Monetary Authority of Singapore (MAS), the city-state’s central bank. Circle received in-princip...
Hong Kong Outlines New Rules For Crypto Futures ETF Issuers
The Securities and Futures Commission (SFC) of Hong Kong, on Monday, published a detailed circular of the requirements exchange-traded fund managers need to meet to list their crypto products in the c...
Small Muni Issuers See A Potential 620% Windfall For Their Taxpayers
Currently pending before the Senate, the Financial Data Transparency Act (S. 4295 – “FDTA”) is legislation taking financial reporting by companies and municipalities to the next level. It ushers in th...
FDIC Chairman Says Regulators Should Oversight Over Stablecoin Issuers – crypto.news
Stablecoins, according to the FDIC chairman, might transform banking, but they must first be subject to prudential control and regulation. In line with this, stablecoins, in particular, are being exam...
Stablecoin Issuers Should Be Subject to Regulatory Oversight, Says FDIC Chairman
The FDIC is taking a closer look at crypto, specifically stablecoins, according to its acting chairman. The Federal Deposit Insurance Corporation (FDIC), alongside other Federal banking agencies, is e...
Payments Giant Mastercard Launches Cryptocurrency Anti-Fraud Tool for Card Issuers
Payments giant Mastercard today is launching Crypto Secure, a new software product designed to help banks and other card issuers identify and block suspicious transactions from crypto exchanges, accor...
Mastercard Debuts Blockchain Surveillance Tool for Banks and Crypto-Centric Card Issuers – Bitcoin News
On Tuesday, the multinational financial services corporation Mastercard revealed that it is launching a new crypto monitoring product called Crypto Secure. The Crypto Secure software aims to leverage ...
SEC Boss Asks Staff to Work with Token Issuers
Alex Dovbnya Gary Gensler wants cryptocurrency intermediaries to register with both SEC and CFTC to ensure investor protection In his prepared remarks for his upcoming testimony before the United Stat...
Step aside, Warren Buffett; stablecoin issuers hold more US debt than Berkshire Hathaway
Warren Buffett raised eyebrows this week when his firm, Berkshire Hathaway, upped its exposure to United States Treasury bills. If you’re one of the few remaining bulls out there, Buffett’s flight to ...
Most NFT Issuers Retain Ownership Rights, Study Reveals
Most non-fungible tokens give those who purchase them no ownership rights to the underlying media, a recent study revealed. In fact, upon reviewing licenses for the top NFT collections, in almost eve...
Stablecoin issuers hold more US debt than Berkshire Hathaway: Report
Stablecoin issuers like Tether (USDT) and Circle have accumulated a significant share in the United States Treasury market, outperforming major traditional finance players. Various stablecoin provider...
US lawmakers propose bank-like regulation for stablecoin issuers
Two US lawmakers, Maxine Waters and Patrick McHenry are collaborating on a bill that would impose strict bank-like regulations for stablecoins, The Wall Street Journal reported July 20. Stablecoin iss...
Stablecoin Bill Won’t Force All Issuers to Be Banks, Congressman Says
“Apparently, we’ll have options for both banks and non banks,” Himes told CoinDesk in an interview. He said Chairwoman Maxine Waters (D-Calif.) and the ranking Republican on the committee, Rep. ...
Russia lawmakers approve a law exempting digital asset issuers from VAT payments
Russia seems to be loosening its stance on regulating the cryptocurrency market. Lawmakers in the country have approved a draft law that could exempt digital asset issuers from making value-added tax ...
Crypto And Digital Assets Issuers Are Exempted From VAT In Russia Now
Russia has approved a draft bill that exempts cryptocurrency issuers from Value Added Tax (VAT). This move is to further strengthen its pro-crypto stance through its legislation. The lower house of Ru...
Russian Parliament Gives Approval on Tax Break for Digital Assets Issuers
Cryptocurrencies and digital assets issuers in Russia may no longer have to worry about Value Added Tax (VATs) payments moving forward, all thanks to the proposed draft law that has seen approval from...
Russian lawmakers approve tax breaks for cryptocurrency issuers: Reuters
A draft law that would exempt issuers of cryptocurrencies and digital assets from value-added tax (VAT) was approved by the Russian parliament on Tuesday. According to a Reuters report, the law would ...
Russian Lawmakers Approve Tax Exemption Proposal for Digital Asset Issuers
A few days after Russian authorities presented a bill seeking to govern the illegal issuance of crypto if approved, the country’s policymakers have signed a proposed law to exempt token issuance from ...