Cryptocurrency Analysis and News Portal
The move to regulate and tax cryptocurrencies held on foreign exchanges comes as digital assets are gaining popularity in Brazil. The Brazilian Senate recently gave the green light to a new tax reform aimed at imposing a 15% tax on cryptocurrencies held on foreign exchanges. The proposed bill on crypto income
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Forex liquidity and currency swaps are hard to access for many in Africa, which limits the use of United States dollar-based services in the continent’s import-dependent economies. This creates a vacuum that decentralized finance (DeFi) could solve, leveraging cryptocurrencies, blockchain networks and services, according to the CEO of Canza Finance, Pascal
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Spain introduces a new crypto tax regulation requiring residents to declare their cryptocurrency holdings on foreign platforms by March 2024. Spain has introduced new tax regulations requiring residents to declare cryptocurrency holdings on foreign platforms. This directive was issued by the Spanish Tax Administration Agency, Agencia Tributaria, which has created a
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More foreign banks have joined China’s digital yuan central bank digital currency (CBDC), the e-CNY, following British bank Standard Chartered’s entry on Nov. 27, bringing its total to four.According to local news reports, Hong Kong-based HSBC, Hang Seng Bank and Taiwanese bank Fubon Bank have also added e-CNY integrations to their
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However, "what the government is actually doing is blocking use of the OPE for crypto to any overseas person, even if they’re only doing institutional business," Meakin said. "Perhaps the government thinks there is a different solution, such as deference or equivalence, but we are still waiting to see any
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Taiwan’s Financial Supervisory Commission (FSC) is moving to improve protections for cryptocurrency investors by introducing new rules.The FSC has formulated the key points of regulating the cryptocurrency market in Taiwan, releasing on Sept. 26 a set of industry guidelines for virtual asset service providers (VASP) operating in the country.In the
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East Asian country Taiwan is reportedly planning to put restrictions on unregistered overseas crypto exchanges operating within its jurisdiction as a part of its incoming guidance for virtual asset service providers (VASPs). On Sept. 7, a local media outlet, the Central News Agency, reported that the Financial Supervisory Commission (FSC) of Taiwan
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Already a global hub for finance, the No. 3 spot in CoinDesk’s Crypto Hubs 2023 has a healthy grassroots crypto adoption rate and a prime minister eager to attract the digital asset industry. Source
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Tesla is already constructing a mega factory in Shanghai to ramp up energy storage for its current and upcoming models including the Cybertruck. Tesla Inc (NASDAQ: TSLA) shares spiked on Tuesday to close the day trading at $201.16, up 4.14 percent from the day’s opening price. As a result, Tesla stock
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Florida Governor Ron DeSantis signed a bill restricting the use of central bank digital currencies (CBDCs) in the state, according to local news sources. The governor urged state lawmakers in March to draft the bill. The new law prohibits the use of a United States federal CBDC “as money within Florida’s
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