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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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The traditional finance giant has been rumored to be seeking the status for years. Source
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XRP’s sharp downturn happened as bitcoin (BTC) and ether (ETH), the two leading cryptocurrencies by market capitalization, lost key price levels Wednesday afternoon after the Federal Reserve’s latest interest rate decision. Despite the Fed pausing its rate hike campaign after 14 months, an event most traders thought would be bullish
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On the eve of his departure from office on May 28, former Nigerian President Muhammadu Buhari signed the Finance Act, 2023, into law. The act introduces a series of tax reforms aimed at modernizing the country’s fiscal framework. Among its provisions was the introduction of a 10% tax on gains from the
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Kraken NFT marketplace exits its beta phaseCrypto exchange Kraken has announced that its nonfungible token (NFT) marketplace has exited its beta phase. Along with the launch, the NFT platform highlighted that it has expanded its number of NFT collections. The platform noted that it went from supporting 70 collections to
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