Ukraine Plans to Tax Crypto Gains at Low 5% Rate (for a While, Anyway)
A draft bill setting out how crypto-related income should be taxed in Ukraine would tax gains at 5 percent for the first five years if passed. Source
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Exchanges
Security Token Platform iSTOX Lands Another Big Asian Backer
Japanese financial services group Tokai Tokyo is the latest large Asian financial institution to back tokenized securities platform iSTOX. Source
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FinCEN: Stablecoin Issuers Are Money Transmitters, No Matter What
“Just because you say you are a banana doesn’t make you a banana,” said Director Blanco. Source
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Bakkt, Fidelity Will Store Galaxy Digital’s New Bitcoin Fund Holdings
Galaxy Digital is tapping Bakkt and Fidelity Digital Assets to store the bitcoin for its two new funds. Source
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Grayscale’s Bitcoin Trust Seeks SEC Reporting Company Status
Grayscale Investments has filed to register its bitcoin trust as an SEC reporting company, potentially the first crypto vehicle to attain such status. Source
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PayPal Joins $4.2M Round for Crypto Banking Compliance Startup
Reddit founder Alexis Ohanian’s Initialized Capital, Blockchain Capital and PayPal Ventures are backing TRM Labs in its effort to help financial firms manage crypto risk. Source
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Canada’s Einstein Exchange No Longer Has Bulk of Users’ Claimed CA$16M: Receiver
The exchange, taken over by a Canadian securities regulator two weeks ago, has just CA$45,000 in crypto and cash left. Source
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IRS Focusing on Potential Illicit Activities Facilitated by Bitcoin ATMs: Official
The Internal Revenue Service is looking at bitcoin ATMs and their potential to facilitate illicit activities, its criminal investigation chief said. Source
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DAI Is Moving Beyond Ether, But DeFi Isn’t Decentralized Just Yet
MakerDAO may be diversifying the assets it works with, but it has a long way to go to decentralize the power to make key decisions. Source
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Brooklyn ICO Promoter Sentenced to 18 Months in Federal Prison
The fraudster used diamonds and real estate to whisk away $300,000 in other people's money in 2017. Source
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