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"Up until now, workers in the crypto industry had to pay double the tax on their options compared to workers in the traditional high-tech industry. Moreover, foreign investors in the blockchain industry were not entitled to the same benefits as those entitled to investors in the traditional high-tech industry," Illouz
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Global Currency Reserve (GCR) just made its way to the top 100 cryptocurrencies with its significant surge over the past two months. However, data shows that a few accounts hold GCR. According to data provided by CoinMarketCap
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June has not only seen the two largest crypto exchanges, Binance and Coinbase, under fire from the U.S. Securities and Exchange Commission, which caused altcoins to dip, but has also witnessed a number of large institutions pushing further into crypto toward the end of the month, igniting positive sentiment. Bitcoin
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The move is expected to attract crypto investors who had fled the country following the heavy burdens caused by taxations of unrealized profits. Undeniably, the cryptocurrency and blockchain markets have turned out to be a huge backbone for the development of economic growth prospects in many markets around the world. By
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“This landmark is a testament to Bybit's commitment to adhering to robust regulatory frameworks while expanding our global presence,” Ben Zhou, Bybit’s co-founder and chief executive officer, said in a statement. “We wholeheartedly support the regulatory objective of building a cryptocurrency industry that is both compliant, secure, and transparent.” Source
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Token issuers in the country were subject to a 30% corporate tax for unrealized gains on their own tokens. Original Source
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Token issuers in Japan no longer have to pay corporate taxes on unrealized cryptocurrency gains, according to a law revision by the National Tax Agency on June 20. The tax exemption goes into effect nearly six months after the Japanese government approved a proposal eliminating the requirement for crypto firms to
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied CACEIS Bank, the French banking entity of the CACEIS group, has achieved a significant milestone by obtaining PSAN (digital assets service provider) status from the AMF (France’s financial markets authority), following the recommendation of the ACPR
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The latest price moves in bitcoin (BTC) and crypto markets in context for June 22, 2023. First Mover is CryptoX’s daily newsletter that contextualizes the latest actions in the crypto markets. Source
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Bitcoin (BTC) lingered near $30,000 on June 22 as traders sought opportunities to “buy the dip.”BTC/USD 1-hour chart. Source: TradingViewBitcoin dip-buyers “ready” for $28,000Data from Cointelegraph Markets Pro and TradingView showed BTC/USD volatility calming overnight after rapid gains.BTC price performance had impressed the day before, with the largest cryptocurrency returning
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