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Maersk recorded earnings before interest, tax, depreciation, and amortization (EBITDA) of $5.1 billion during the second quarter.A.P. Moeller-Maersk (OMX: MAERSK.B) stock traded 0.72% down around Kr 17,190 as of August 6, 2021, 12:52 p.m. CEDT. However, that should not dilute the fact Maersk stock has added approximately 96.46%, and 26.44%
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Beyond the integrated Binance tax reporting tool, the exchange has also taken action to reduce the daily Bitcoin (BTC) withdrawal limit for its users that have not completed the KYC verification requirement.Binance, the world’s largest cryptocurrency exchange by trading volume has provided integration for a tax reporting tool in a
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Binance, the world’s biggest cryptocurrency exchange by trading volumes, continues its efforts to maintain dialogue with global regulators by introducing withdrawal limits and a new tax reporting system.The company officially announced Tuesday a major update to its Know Your Customer (KYC) policies, significantly reducing maximum withdrawal amounts for users that
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Continued political buzz is abundant lately around crypto, and today is no exception. In a initial report from Bloomberg this morning, the U.S. Treasury has shared intent to require businesses, and likely individuals as well, that transfer $10,000 USD and above in crypto to report the transactions to the IRS.
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The United States Internal Revenue Service, or IRS, has updated its FAQ section on cryptocurrency to clarify investors who have only purchased crypto assets with fiat currency do not need to report their transactions under the "virtual currency" question.The first page of U.S. citizens’ Individual Income Tax Return form, or
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Financial institutions report large cash and crypto transactions differently. This gap led to a controversial rule proposed by the Financial Crimes Enforcement Network (FinCEN) late last year, an official said Monday.Speaking at a virtual panel hosted by compliance firm TRM Labs, FinCEN Deputy Director Michael Mosier was referring to a
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Blockchain for supply chain management is one of the most practical business applications for large, multi-party sectors seeking trust and transparency across daily operations. As such, the mining and metals sector has now started to leverage blockchain technology to effectively track carbon emissions across complex, global supply chains. This month, the
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Russia’s Ministry of Finance has proposed new amendments to the country’s coming law on crypto assets that could soften the requirements for cryptocurrency taxpayers, news agency RBK reported Thursday.According a package of draft bills, individuals must report their holdings if annual transactions exceed 600,000 Russian rubles (about $7,800). In a
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The tax framework may address questions surrounding wallet providers and income not derived from crypto sales. Source
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Institutional bitcoin investors are looking "how else they can diversify within the asset class," said Michael Sonnenshein. Source
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