PYMNTS

NOVEMBER 25, 2020

On another note, the national assembly of South Korea is advocating for the debut of certain taxation for crypto assets to be postponed, Coindesk reported. And Coinbase will not be providing a Form 1099-K for trades on the Coinbase exchange as of the 2020 tax year, according to a post from the company.

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PYMNTS

AUGUST 12, 2020

Venezuela may be going forward with a plan to allow the use of the Petro (PTR) cryptocurrency to pay taxes, according to Cointelegraph. His charges involve Q3 telling investors the company used a proprietary algorithm that guaranteed returns trading on cryptocurrency.

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PYMNTS

MAY 28, 2020

South Korea is pondering a modification to its tax law which could place taxes on cryptocurrencies. Though not much information is currently available, the new rules could impose restrictions on profitable sales of cryptocurrency and revenues gleaned from national crypto-mining projects, according to Cointelegraph.

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PYMNTS

OCTOBER 14, 2020

The head of the country’s only licensed and publicly traded cryptocurrency broker says tighter regulation and exponentially higher yields are causing corporate treasury and cash management accounts to seriously consider this alternative asset class. This in the wake of the OCC’s Sept.

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PYMNTS

SEPTEMBER 30, 2019

Scrutiny of tech firms is spreading across the globe, hinting at broader regulations over privacy and, possibly, bigger tax bills. In one example, Indonesia is “already preparing legislation” that would require tech companies with online services to pay value-added tax on local sales, the report noted. Libra, Too.

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PYMNTS

JANUARY 16, 2020

In other news, South Korean cryptocurrency exchange Bithumb is going to court to fight an almost $69 million tax bill from the National Tax Service (NTS), according to a report Thursday (Jan. The tax is called a retention tax, which is an income tax paid to the government by the income payer and not its recipient.

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PYMNTS

NOVEMBER 25, 2019

Amid the continuing drumbeat for taxes on global commerce done through digital means, the Czech government has approved a new seven percent digital tax on global Internet firms which will, as Reuters reports , be levied on revenues tied to Czech users across advertising, digital marketplaces and data sales. In Japan, Crypto Scrutiny.

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PYMNTS

APRIL 14, 2018

Tax Day for Americans is here, or at least it will be on Tuesday, April 17. This year is a bit of an unusual year as far as taxes are concerned, since April 15 actually falls on a Sunday. Back then, taxes weren’t due on April 15. Tax season used to be a month and a half shorter.

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PYMNTS

SEPTEMBER 24, 2020

24), could put digital currency exchanges under one national structure, CoinDesk reported. The legislation describes a new structure for cryptocurrencies, which would provide them with a treatment like those of commodities with the Commodities Exchange Act. The Digital Commodity Exchange Act of 2020, which was proposed by a U.S.

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PYMNTS

APRIL 14, 2019

The National Assembly of France has voted to allow local insurance companies to include cryptocurrencies in life insurance contracts. With these two provisions, it is written in black and white that SPFs can invest in cryptocurrencies like bitcoin,” said Simmons & Simmons attorney Emilien Bernard-Alzias, according to CCN.

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PYMNTS

MARCH 3, 2020

In today’s top news, Apple manufacturer and supplier Foxconn has returned to production, the Department of Justice charged two Chinese nationals with laundering over $100 million in cryptocurrency, and TurboTax’s deal to buy Credit Karma has sparked antitrust concerns. Two Chinese Nationals Charged With Laundering $100M In Crypto.

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PYMNTS

APRIL 28, 2019

According to Cleavland.com , the bill sponsored by Ohio Representative Rick Caragna is part of the state’s efforts to build a legal framework for the technology that underpins cryptocurrencies such as bitcoin. It is the first state to let businesses pay their taxes with cryptocurrency. company to pay taxes with bitcoin. “We

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PYMNTS

AUGUST 28, 2019

While our industry is accustomed to cryptocurrencies operating 24/7/365 (like email), fiat currencies have for the most part remained shackled to ‘banking hours’ or ‘business hours.’ The sheer volume of transactions makes this a national security threat,” the party wrote in a post on its website.

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PYMNTS

NOVEMBER 12, 2018

Over the past two years, exit scammers have stolen more than $100 million worth of cryptocurrency. In an effort to protect its residents from crypto scams, the Central Bank of the Bahamas (CBOB) has released a regulatory framework before it integrates cryptocurrency-based assets into its services.

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PYMNTS

MAY 19, 2020

BlockFi said it was “able to confirm that no funds, passwords, social security numbers, tax identification numbers, passports, licenses, bank account information, nor similar non-public identification information was exposed as a result of this incident.”. dollars and Ukrainian hryvnias.

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PYMNTS

NOVEMBER 5, 2019

s tax authority has released cryptocurrency tax guidance for businesses, revealing that crypto assets will still be defined as commodities. That means that companies that participate in trading exchange tokens must make tax payments.

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PYMNTS

JUNE 16, 2020

They spoke before the Subcommittee on National Security, International Development, and Monetary Policy Tuesday. Additionally, Kellerman called for a tax credit to encourage firms in the financial vertical to set aside 10 percent of their information technology (IT) budgets at a minimum toward cybersecurity.

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US Cyber Security Security National 227

PYMNTS

JANUARY 4, 2019

The new year has dawned with India’s government stating that it is eyeing cryptos with “due caution” and that there are no “clear recommendations” as to cryptocurrencies. And, as newbtc.com reported , there no longer are plans for the Reserve Bank of India to launch a national digital currency.

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PYMNTS

SEPTEMBER 9, 2020

Blockchain firm Digital Currency Group (DCG) has bought the Luno cryptocurrency exchange, which it will keep running as an independent subsidiary, according to a Wednesday (Sept. In August, a large share of a group of mayors inked a deal to take payment for taxes through the country’s digital currency. 9) announcement.

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PYMNTS

NOVEMBER 11, 2016

As bitcoin stabilized in the wake of an election upset, the fervor formerly surrounding competitor cryptocurrency Zcash has all but faded. It’s set a due date for the report on clarifying the legal treatment of cryptocurrencies: the end of 2017. Until now, bitcoin was the only cryptocurrency available to use on the service.

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PYMNTS

OCTOBER 8, 2019

In other news, $10 billion worth of bitcoin — or almost 7 percent — is currently held in the wallets of eight major cryptocurrency exchanges. And the Swiss National Bank (SNB) and the Bank for International Settlements (BIS) announced that they have signed an operational agreement on the BIS Innovation Hub Centre in Switzerland.

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PYMNTS

MAY 19, 2020

And, beyond emails and passcodes, the SSU said per the report that the database had “eWallets of cryptocurrencies” and “PIN codes for bank cards,” among other information. Multiple crypto operations serving the country, however, are legally based in other nations.

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Bitcoin cryptocurrency Taxes Security 148

BankUnderground

OCTOBER 26, 2021

The monetary system is going through significant changes: the rise of cryptocurrencies, negative interest rates, and the decline in the role of traditional banks as intermediaries. Moreover, the national currency belongs to the people, and the state’s role is to regulate it to benefit the people.

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PYMNTS

SEPTEMBER 24, 2019

Bank of Japan Head Haruhiko Kuroda spoke to business leaders in Osaka about the importance of having a coordinated global plan to regulate Libra and other cryptocurrencies, Reuters reported on Tuesday (Sept. The creation of money will “strictly remain the province of sovereign nations,” CoinTelegraph reported.

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PYMNTS

JANUARY 19, 2018

Fizzle of the Week: Cryptocurrency Regulation. Separately, Bank of Korea Governor Lee Ju-yeol told a news conference that “cryptocurrency is not a legal currency and is not being used as such as of now.”. Bank earnings : Everybody is focused on tax regulations and their impact in the fourth quarter. As for next week?

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PYMNTS

JULY 23, 2019

Facebook’s David Marcus was grilled and the cryptocurrency was criticized in hearings with the Senate Banking Committee on July 16, and by the House Financial Services Committee on the following day. For those who missed it, PYMNTS published a recap of Libra’s week in Washington.).

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PYMNTS

MARCH 2, 2018

The most accepted answer comes from cryptocurrency tracking site Digiconomist , which estimates bitcoin mining eats up about 3.4 For those not used to thinking about electricity by the gigawatt, the estimates mean this: Even at the low end, bitcoin mining uses as much power as a nation state. Earlier this month, websites for the U.S.

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PYMNTS

SEPTEMBER 17, 2019

It’s well-known that cryptocurrencies — which of course come in a myriad of flavors, to entice any number of investors (OK, yes, speculators too) to put up their hard-earned fiat — are moving from the Wild West to the ever-watchful eyes of regulators. One wonders if it will be a straight line from a move to delist to cease and desist.

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South State Correspondent

FEBRUARY 14, 2022

While real estate, airplanes, boats, and automobiles have a transparent chain of title, that title and associated purchase information are stored in various forms in various counties and cities across the nation. Credit card networks like Visa, Mastercard, and American Express have created a whole layer of value by extracting this data.

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blockchain cryptocurrency Data Payments 195

PYMNTS

OCTOBER 9, 2019

In other news, the SIX Digital Exchange (SDX) announced that it is joining forces with the Swiss National Bank (SNB) on a proof of concept to look into how digital central bank money could be used in the settlement of tokenized assets between market participants. “As percent rate. percent rate.

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The Paypers

NOVEMBER 12, 2018

(The Paypers) The National Assembly Finance Commission of France has announced plans to simplify the tax regime imposed on the French cryptocurrency market.

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PYMNTS

JULY 25, 2018

The move to bring blockchain beyond cryptocurrency confines — and toward more commercial use cases — continues, with far-flung projects making headlines. The telecom, as reported by ZDNet , has built nodes that have brought blockchain to its national network, specifically its “ultra-fast” offering that is tied to processing speed.

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PYMNTS

NOVEMBER 12, 2019

The country is laying the groundwork to be the first nation to launch a digital currency and will balance privacy concerns with government oversight, Reuters reported. China is planning to launch a digital currency in early 2020 that will make allowances for privacy, a senior central bank official said on Tuesday (Nov.

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PYMNTS

JANUARY 3, 2020

National Returns Day : The dawn of the new year heralds a spike in returns of unwanted gifts. Jens Weidmann, European Central Bank policymaker, has advocated that banks within the region find alternatives to Facebook’s cryptocurrency. According to stats, Jan. Libra : Might it be the case that the prospects for Libra continue to dim?

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PYMNTS

FEBRUARY 21, 2018

Perhaps it isn’t surprising that analysts are now musing about how to avoid a repeat of the Punjab National Bank fraud scandal, and some are looking towards blockchain to do so. The nation’s central bank, the Saudi Arabia Monetary Authority, recently announced a collaboration with Ripple to pilot such a program, reports in The National said.

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PYMNTS

JANUARY 11, 2021

Put another way, it's the company that made it possible for PayPal’s recent announcement that it would allow its users to buy, sell and hold cryptocurrency. “So So now we're basically going to treat property like it's money for one purpose, but for tax reasons, another.". We need capital for three reasons really,” he said.

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Abrigo

JUNE 27, 2023

In 2016 when the Panama Papers exposed an international network of offshore entities involved in tax evasion, fraud, and sanction evasion, some of which included real estate holdings, regulations began to change. According to the National Association of Realtors, there were more than 106,000 real estate brokerage firms in the United States.

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