.webp)
The United Kingdom’s tax, payments and customs authority, Her Majesty’s Revenue and Customs (HMRC), has updated its cryptocurrency taxation guidelines for businesses and individuals. On Nov. 1, the U.K. government tax agency, which manages taxes alongside other financial policies, released tax guidance updates that further clarify its stance on how businesses and individuals involved with cryptocurrency will be taxed. Crypto...
The United States Securities and Exchange Commission (SEC) has filed charges against XBT Corp. SARL on the same day that the Commodity Futures Trading Commission (CFTC) settles charges against the same company. SEC allegations In a press release on Oct. 31, the SEC alleged that the Switzerland-based securities dealer, XBT Corp. SARL, operating under the name First Global Credit, offered...
Swiss-based cryptocurrency bank Sygnum has received the go-ahead to offer banking services in Singapore. Sygnum: license is “important milestone” In a blog post on Oct. 31, Sygnum, which gained a Swiss banking license in August this year, can now proceed with its first product for the Singapore market. Sygnum was the first Swiss company to win the title of cryptocurrency...
According to this video (to be confirmed), Chinese Central Bank will launch digital currency called DCEP. To be tested and onboarded with commercial banks first. More on this story soon. https://twitter.com/blockjournal/status/1188797999901597697
"We must take blockchain as an important breakthrough for independent innovation of core technologies, clarify the main directions, increase investment, focus on a number of key technologies, and accelerate the development of blockchain and industrial innovation." Xi Jinping, Chinese president
The United States congressman who said the country should ban cryptocurrency returned to publicly slating the phenomenon this week. Sherman: Crypto could “achieve its objectives” During the latest hearing over Facebook’s Libra digital currency on Oct. 23, Brad Sherman used his chance to speak to deliver fresh criticism of cryptocurrencies such as Bitcoin (BTC) and their alleged use cases. Sherman,...
SAN FRANCISCO — The Trump administration acted to deflate the bitcoin bubble of 2017 by allowing the introduction of futures products, a former official said Monday. Christopher Giancarlo, who left the U.S. Commodity Futures Trading Commission (CFTC) at the end of his five-year term as chairman in April, told CoinDesk in an interview: “One of the untold stories of the...
Visit the Report Center for more information. http://icomarks.com/reportcenter
Web browser Opera now allows making payments with Bitcoin (BTC) directly inside the browser. The company announced the news in a press release shared with Cointelegraph on Oct. 21, detailing that Opera’s 350 million users can now send and receive BTC directly from the browser, as well as use the cryptocurrency for purchasing goods and services on e-commerce websites. Additionally,...
IFinex, the parent company of major cryptocurrency exchange Bitfinex filed a discovery application to regain access to $880 million in funds. Discovery is a law allowing each party to obtain evidence from the other party or parties through the law of civil procedure before the actual trial. According to the application and supporting declaration by Bitfinex chief financial officer Giancarlo...
.png)