Tag: Regulators

South Korea Plans to End Major Tax Benefits for Bitcoin Exchanges

Taxes The South Korean government has declared a new set of tax legislation amendments. Under this proposition, bitcoin exchanges will no longer be qualified for corporate and income tax deductions now appreciated by little and medium-sized companies. The authorities also have been contemplating imposing capital gains tax upon the sale of all cryptocurrencies. The South […]

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EU Report Advises Regulators Not to Ban or Ignore Cryptocurrencies

Regulation A recent report released by the European Parliament advises policymakers and authorities to not dismiss cryptocurrencies or try to prohibit them. It discusses crypto ought to be treated, their taxation, in addition to their possible effect on monetary systems and central banks’ monopolies on currency issuance. The European Parliament last week published an in-depth […]

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Blockchain Is ‘Revolutionary,’ Says German Finance Regulator Chief

Felix Hufeld, chief of Germany’s monetary watchdog, has stated blockchain know-how is “revolutionary” and its functions may flip your entire monetary sector “upside down.” Hufeld, who’s president of the German Financial Supervisory Authority (BaFin), made the remarks throughout a speech at an occasion in Berlin final week wherein he described the regulator’s pondering on bitcoin […]

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Bitcoin in Brief Wednesday: German Banks Trade Cryptos, US Universities Invest in Crypto Hedge Funds

The Daily In now’s Bitcoin at Brief, labs in Berlin have shown that at least six German financial institutions take part with cryptocurrency trading. Also, it’s been reported that American universities have begun investing in crypto hedge funds. The investments are on a restricted scale but nonetheless indicate an increasing interest from academic associations. And, […]

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