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Users who have already made crypto tax disclosures to the U.K. Treasury have 30 days from the disclosure date to make all necessary payments. If the deadline is not met, the Treasury will take steps to recover the money, and users may face penalties, the post said. Source
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The Chinese government has officially declared that the theft of digital collections, including NFTs, will be legally treated as property theft, signifying a significant shift in the nation’s approach to digital asset regulation. On Nov. 10, the Chinese government issued a significant statement regarding the legal status of digital collections, including
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Friend.tech, a decentralized social media on the Base blockchain, has announced punitive measures against users who opt for forks or copycat versions of its platform. The official Friend.tech X account had tweeted on Aug. 28 that users
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied In a bid to regulate the communication of information regarding crypto-related products, the Financial Conduct Authority (FCA) has introduced new rules that specifically target companies operating in the United Kingdom. This directive, as stated in a notice
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Following a lawsuit, CoinEx, a cryptocurrency platform, has been prohibited from conducting operations in both New York and the US. The firm was then ordered to pay $1.7 million in penalties and refunds to affected individuals
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The Indian government has introduced new crypto tax penalties, including for non-payment of crypto tax deducted at source (TDS). Much to the disappointment of the crypto community, Finance Minister Nirmala Sitharaman did not mention crypto in her Budget speech this year. Crypto income remains taxed at 30% while TDS stays
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The US Securities and Exchange Commission (SEC) has levied a $45 million fine on Nexo Capital Inc. The SEC explains the reason for the fine in a tweet, Today we charged Nexo Capital Inc. with failing to register the offer and sale of its retail crypto asset lending product, the Earn
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