Cryptocurrency Analysis and News Portal
In late August, the South African Revenue Service (SARS) released new guidelines that clarify the correct treatment of taxable crypto events. The new guidance, which was published on the revenue collector’s webpage, explains how cryptocurrency-related income should be disclosed in tax returns. Distinction Between Income and Capital Gains Tax As shown on
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The Information Commissioner’s Office (ICO) has published a new resource to help public sector organisations understand when the direct marketing rules will
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International body Financial Action Task Fork (FATF) has issued new guidance for decentralized applications (DApps). Its implications could directly affect the DeFi sector and could have consequences for DApp “operators” such as Uniswap, Sushiswap, and others. If you're a shareholder of Uniswap (or MakerDAO), then you're likely a VASP. And VASPs
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Oracle reported a net income of $5.02 billion, or $1.68 a share, compared with $2.57 billion, or 79 cents a share, in the year-ago period.Oracle Corp (NYSE: ORCL) stock closed yesterday trading at $72.12, 0.72% down. The drop intensified during Thursday’s premarket as the dip was approximately 5.44% at the
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U.S. Representative Maxine Waters, who chairs the powerful House Financial Services Committee, recommended that President-elect Joe Biden rescind or monitor all of the cryptocurrency-related guidance issued by the Office of the Comptroller of the Currency.In a letter sent to the incoming president Friday, Waters wrote that her committee has “conducted
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The CFTC wants futures commission merchants to take care when dealing with customer's funds. Source
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