Monday, May 27, 2024
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U.S. Treasury Campaigning for Amplified Powers to Chase Crypto, Tether (USDT) Overseas

Lawmakers should also beef up the department's powers under the Bank Secrecy Act (BSA), allowing for the "targeting of cryptocurrency entities and services that facilitate funding for terrorists," the proposal said. It calls for a new category of financial institutions under the BSA that would include "cryptocurrency exchanges, Virtual Asset

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Hong Kong to tighten crypto regulation, Thailand to tax crypto overseas: Law Decoded

Hong Kong regulators are looking to tighten the noose around the crypto market after arresting six individuals following allegations of fraud around an unlicensed crypto exchange, JPEX. The government intends to increase its efforts to inform investors and remind them only to utilize platforms granted Securities and Futures Commission licenses. Meanwhile,

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South Koreans Hold 131 Trillion Won of Digital Assets Abroad, 70% of Reported Overseas Assets: Tax Service

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.The leader in news and information on cryptocurrency, digital assets and the future of money, CryptoX is a media outlet that strives for the highest journalistic standards and abides by a

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Crypto makes up 70% of South Korea’s reported overseas assets: Tax agency

Cryptocurrencies like Bitcoin (BTC) accounted for the largest share of South Korea’s reported overseas assets in the latest report by the country’s tax organization.South Korea’s National Tax Service (NTS) issued an official announcement on Sept. 20, stating that 1,432 individuals and corporations reported overseas accounts in cryptocurrency this year.The total

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Thailand to start taxing overseas income next year, including from crypto

Thailand’s Revenue Department is planning to impose personal income tax on the foreign revenues, including those made from crypto trading, of any person who resides in Thailand for more than 180 days.  According to the Sept 19 report from the Bangkok Post, the new rule will take effect on Jan.

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Chinese regulators reaffirm ‘severe crackdown’ on overseas telecoms dealing in crypto, blockchain

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied China is warning telecom companies that are based overseas not to wield “new technologies” — digital assets, blockchain, artificial intelligence (AI) and the metaverse — for nefarious purposes. According to Global Times, citing a statement from the

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