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The tax authority of Slovenia has put forward a proposal to change the crypto taxation rules in the country, local media reported. The amendments aim to introduce a 10% tax rate for transactions involving the spending or converting of cryptocurrencies into fiat money. Tax Office Wants to Simplify Crypto Taxation
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Bitcoin suffered a devastating blow on Black Thursday alongside the rest of the financial world. But unlike other
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Many financial institutions are poised to increase their blockchain spending in 2021, according to an upcoming survey from Deloitte titled "Financial Services Industry Outlooks 2020."Preliminary results shared with Cryptox indicate that 27% of the institutions surveyed expect a “slight increase in spend” for blockchain and distributed ledger technology, while 14%
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The world's biggest credit and debit card company will support payments with a South Korea-developed cryptocurrency for an upcoming virtual card offering. Source
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Coinbase is launching its Visa debit card in the U.S. early next year.The card will be available in all states except Hawaii and comes with a new rewards feature – 4% back in stellar or 1% back in bitcoin.Coinbase Card has been active in the U.K. and European Union since April
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Consumer spending continues to rebound from March lows. There’s been a growing divergence between spending and small business revenue. Consumers are spending more at big, publicly-traded businesses. After dropping over 30% from its peak, consumer spending has nearly recovered. Now it’s down just 5% from its February highs. As with most of the
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Daegu, the fourth-largest city in South Korea, recently announced their plans to allocate over $6 million towards blockchain and artificial intelligence education.According to Up Korea, Daegu’s officials aim to solve what they consider a “serious shortage of resources in the core technologies of the 4th industrial revolution.” The city’s government
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Crypterium, a well-known cryptocurrency company and winner of the KPMG Fintech startup award has announced the launch of its new Crypterium Card VISA Edition. The latest card will be an alternative to the existing Crypterium Card UnionPay which is currently used by over 30,000 people across more than 150 countries
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The stock market is expecting the economy to improve in 2021, but unemployment estimates suggest it won’t. A sharp drop in consumer spending will likely continue well into next year as high unemployment persists. The stock market is in for a rude awakening in August when consumers pull back once again. The U.S.
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