Indian Finance Ministry said crypto trading is now subject to money laundering laws. The AML regulation comes after multiple crypto-related scandals. Previously, India imposed a capital gains tax of 3...
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Bitcoin is Still Subject to Fed Oversight as There is ‘Considerable Danger’ in 2023
Bitcoin climbed beyond $23,000 for the third time in four days before tumbling back as investors kept an optimistic eye on the macroeconomic situation. The recent narrative of declining inflation, gra...
Japan Urges Regulators Worldwide to Subject Crypto Exchanges to Bank-Level Oversight – Regulation Bitcoin News
Japan has reportedly urged other countries, including the U.S., to regulate crypto exchanges like they do banks. A top official at the Financial Services Agency explained that the recent FTX implosion...
Kazakhstan Crypto Miners Now Subject To Higher Electricity Charges
Bitcoin News The rate varies according to the cost and availability of the electricity needed to mine. Crypto farms that use renewable energy will likewise be awarded the lowest tariff. Cryptocurrency...
Are SIMPLE IRA Plans Subject to ERISA Rules?
The Employee Retirement Income Security Act (ERISA) covers most employer-sponsored retirement plans including SIMPLE individual retirement accounts ( SIMPLE IRAs). SIMPLE IRAs were designed to make it...
Hong Kong to subject crypto exchanges to the same laws governing TradFi
The legislative council of Hong Kong has amended its anti-money laundering (AML) and counter-terrorist financing (CFT) financing system to include virtual/crypto asset service providers. The legislati...
Singapore Banks’ Exposure to Bitcoin ‘Insignificant’ but Subject to Highest Risk Weight
“Pending the finalization of the framework, MAS requires Singapore-incorporated banks to apply a 1250% risk weight for exposures to riskier crypto assets such as Bitcoin and Ether,” he sai...
Bahamian Attorney General Insists FTX Is the Subject of an ‘Active and Ongoing Investigation’ – Bitcoin News
The troubled and now-bankrupt crypto exchange FTX is the subject of “an active and ongoing investigation,” Bahamian attorney general Ryan Pinder told the press on Sunday. Pinder also stressed that put...
Cultural Renaissance Man Don Letts Is The Subject Of A New Documentary
LONDON, ENGLAND – JANUARY 19: (EXCLUSIVE COVERAGE) Don Letts photographed at the launch of Punk … [+] London at The 100 Club on January 19, 2016 in London, England. (Photo by Phil Bourne/R...
Apple to allow in-app purchase of NFTs, subject to 30% tax rate
Tech giant Apple has announced guidelines to direct how developers create and facilitate in-app purchases of non-fungible tokens (NFTs) on their iOS apps. In the updated App Store review guidelines, A...
S.Korea finance regulator crypto can be subject to capital markets law
Despite admitting he helped local prosecutors classify Terra-LUNA tokens as securities, South Korea’s Financial Supervisory Service (FSS) governor Lee Bok-hyun disagrees with the idea that cryptocurre...
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...
Twitter Stock Tumbles On Report Musk Takeover Subject To US Review
Updated at 8:43 am EST Twitter (TWTR) shares slumped lower Thursday as the impact of Snap’s SNAP ad-spend warning rippled through social media stocks and Bloomberg reported that Elon Musk̵...
Macau’s Executive Council seeks to subject digital currencies to same regulations as fiat
Macau Macau’s Executive Council has submitted a draft of an umbrella regulatory framework that concerns the legal standardization of all currencies in the region, including digital currencies, to the ...
Crypto Can Be Subject to Capital Markets Law
The governor of the South Korea Financial Supervisory Service (FSS), Lee Bok-Hyun, has indicated that virtual assets could form part of the country’s securities and capital markets law. Mr Lee said at...
Crypto Investor Paradigm Argues Infrastructure Providers Should Not Be Subject to US Treasury Sanctions
Paradigm acknowledged that sanctions can be an important tool to preserve national security, but said it believes base layer participants merely record and order data (which may include sanctioned add...
Crypto Airdrops Subject To Gift Tax
Recipients of free virtual asset transfers can be subject to gift taxes Digital Asset Basic Act will be in shape by the first half of 2023 The recipient would need to file a tax return within three mo...
South Korean Finance Ministry Says Airdrops Are Subject to Gift Tax South Korean Finance Ministry Says Airdrops Are Subject to Gift Tax
The Ministry of Strategy and Finance of the South Korean government has said that virtual asset airdrops are subject to gift tax as per existing tax laws. Gift tax has to be paid when free virtual ass...
South Korea: Crypto-airdrops might soon be subject to Gift Tax
According to a report by South Korean news agency Yonhap News, virtual asset transfers for free are subject to gift tax. This, as per the guidance of the Ministry of Strategy & Finance in the coun...
For Freedom: Julian Assange Subject of NFT Drop At Venice Biennale
Imprisoned WikiLeaks founder Julian Assange is the subject of a new NFT collection that features at this year’s Venice Biennale art exhibition. The collection, This Cannot Be Erased, is a collaboratio...
Major Korean Exchanges Delisting Litecoin Subject to New Privacy Feature Concerns
Major crypto exchanges in South Korea, including Upbit, Bithumb, Coinone, Korbit, and Gopax, have announced their intention to delist Litecoin from their trading services subject to the new privacy-ba...
Shanghai court affirms that Bitcoin is virtual property, subject to property rights
The Shanghai High People’s Court has issued a document in which it states that Bitcoin is subject to property rights laws and regulations. That finding was made in relation to a lawsuit filed in a dis...
Crypto Held on Coinbase Could be Subject to Bankruptcy Proceedings
Some small print in a financial report from Coinbase has raised eyebrows over a potential bankruptcy scenario and the implications for retail customers’ crypto assets stored on the platform. In its 10...
Power Plants to Be Subject to Two-Year Moratorium By NY Assembly?
Back in March, the Environmental Conservation Committee of the New York State Assembly has voted to put forth a two-year moratorium bill on PoW authentication methods for blockchain crypto mining, for...
Kazakhstan Bitcoin miners could be subject to increased taxes
After China banned Bitcoin mining activities, Kazakhstan became the ideal location for migrating miners. However, the regulatory environment in the country is changing, and it could discourage more mi...
Digital euro will be subject to fewer AML laws than other cryptocurrencies
The digital euro for the European Union will have anti-money laundering provisions that are used for private cryptocurrencies. However, an EU Commissioner has said that the AML laws adopted for the di...
Opinion: Businesses subject job candidates to so many indignities — and then they wonder why they can’t find people?
Business leaders in organizations large and small are facing a common challenge: they can’t find enough workers to fill all their open positions. According to September Labor Department statistics, it...
Hacker Group Anonymous Vows to Disrupt Russia’s Internet — RT Websites Become ‘Subject of Massive DDoS Attacks’ – Bitcoin News
The international hacktivist collective known as Anonymous has vowed to attack Russian government websites over the recent Ukraine invasion. So far Anonymous says that it hacked the Russian Ministry o...
In Thailand, those trading crypto will be subject to 15% capital gains tax
In Thailand, cryptocurrencies have enjoyed a significant amount of sunlight from the locals. In fact, an estimated 100,000 Thai citizens are employed in the crypto mining sector. However, of late, Tha...
Crypto trades in Thailand now reportedly subject to 15% capital gains tax
The government of Thailand is progressing in regulating the local cryptocurrency ecosystem by reportedly enacting new tax rules for the industry. Profits from crypto trading in Thailand are now subjec...
‘It’s a touchy subject’: My in-laws live in our basement. They gave us our 20% down payment. Should we charge them for renovations?
Last year, my husband and I approached my in-laws to see if they wanted to live with us. We had learned that my father-in-law had terminal cancer but could still live five to seven years in remission,...