Thursday, March 28, 2024
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Capital Gains Tax Applies to Wrapped Tokens and DeFi, Australian Tax Authority Clarifies

“Being able to wrap tokens is a valuable and necessary cross-chain interoperability tool,” said Michael Bacina, Digital Assets lawyer at Piper Alderman Lawyers. “To have a purely technological function triggering a tax event and tax payable is not something users would expect when using crypto-assets.” Source

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Crypto custodian BitGo eyes Dubai expansion, applies for license

BitGo head Mike Belshe said the firm is close to receiving approval from the Dubai regulator. Cryptocurrency custodian BitGo, backed by Goldman Sachs, is seeking expansion into the Middle East following a recent $100 million funding round, which brought the company’s valuation to $1.75 billion. In an interview with Financial News, BitGo

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PayPal applies for NFT marketplace patent, Meta’s avatars impress: Nifty Newsletter

In this week’s newsletter, read about how a nonfungible token (NFT) artist raised money to support a cancer charity and why payments platform PayPal has filed a patent application for an NFT marketplace. Check out Meta’s new photorealistic metaverse avatars and, in other news, learn why Neal Stephenson’s metaverse blockchain

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PayPal applies for NFT marketplace patent for on- or off-chain asset trading

PayPal made major progress toward creating its own blockchain ecosystem by filing a patent application for a nonfungible token (NFT) purchase and transfer system. The application, filed in March and published Sept. 21, describes a means of carrying out transactions with NFTs, both on- and off-chain. The patent application, which is

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Troubled crypto exchange JPEX applies for deregistration in Australia

Troubled Hong Kong crypto exchange JPEX has applied for deregistration in Australia.According to a filing seen by Cointelegraph on September 20, Jieyi Chen, director of JP-EX Crypto Asset Platform PTY LTD (JPEX), has filed a deregistration application with the Australian Securities and Investment Commission (ASIC). In the filing, JPEX claims

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Binance applies for Taiwan AML compliance: Report

The world's leading crypto exchange by trading volume, Binance, has reportedly applied to get registered under the money laundering control act introduced by the Financial Supervisory Commission (FSC) of Taiwan.FSC reportedly informed dozens of domestic crypto service providers that Binance is applying to get registered for anti-money laundering (AML) compliance, according

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Crypto exchange, HashKey Pro, applies for license upgrade in Hong Kong

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied HashKey Pro, a cryptocurrency exchange based in Asia, has applied for a license update from Hong Kong’s Securities and Futures Commission (SFC) per the city-state’s new virtual asset trading licensing system. According to regional news outlets, HashKey Pro,

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