Hong Kong exchanges eye overseas expansion amid local uncertainty

Hong Kong’s crypto market appears to be facing turbulence as licensed exchanges opt for overseas ventures amid regulatory concerns. HashKey, one of the two licensed crypto exchanges in Hong Kong, decided to expand its reach overseas with a Bermuda license… дальше »

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Xoom enables overseas transfers to 160 countries via PayPal stablecoin

PayPal's international payment service, Xoom, will allow U.S.-based users to send money overseas using PayPal's stablecoin, PYUSD.  дальше »

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Bitcoin mining firms ship equipment overseas ahead of halving

As the halving approaches, Bitcoin mining firms are strategically relocating their operations to regions with lower electricity costs (i.e., Ethiopia, Nigeria). дальше »

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US Bitcoin Miners Move Old Equipment Overseas – Here’s Why

The Bitcoin halving, one of the most anticipated crypto events in 2024, is less than a month away, and miners seem to be in full preparation for its aftermath. The April event is expected to slash mining rewards on the Bitcoin network in half, making the validation of transactions less lucrative. As of now, miners […] дальше »

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El Salvador Axes Income Tax for Investments From Abroad

The nation, which is attempting to attract foreign capital, removed income tax on investment from overseas. дальше »

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Thailand Drops Taxes on Domestic Crypto Trading, Overseas Uncertainty Remains

Thailand's Finance Ministry has exempted domestic crypto asset trading from value-added tax (VAT), effective from January 1, 2024. However, uncertainty remains for overseas investors due to tax and accessibility issues. дальше »

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South Korea Regulator Seeks Ban on Crypto Purchases With Credit Cards

The Financial Services Commission cited concerns "about illegal outflow of domestic funds overseas due to card payments on overseas virtual asset exchanges." дальше »

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Coinbase unveils global spot trading as users flee uncertain US policies

Coinbase launches global spot trading amid US regulatory uncertainty; initially offers BTC & ETH trading to institutions overseas. дальше »

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HashKey Claims Thailand is a Crypto Haven, But Not So Fast 

Crypto venture capital firm HashKey Capital lauds Thailand as a crypto haven due to increased trading volumes, despite crypto payments remaining outlawed and potential tax on overseas income. The post HashKey Claims Thailand is a Crypto Haven, But Not So Fast  appeared first on BeInCrypto. дальше »

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Tether (USDT) Volumes Trounce USDC as it Becomes the World’s Retail Stablecoin 

Tether's USDT has become the global standard dollar-pegged stablecoin, outperforming Circle's USDC, due to US regulators pushing it overseas. USDT now commands a stablecoin market share of almost 70%. дальше »

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U.S. Treasury Campaigning for Amplified Powers to Chase Crypto Overseas

The U.S. Department of the Treasury is pressing lawmakers for a new set of powers that would give the government unprecedented enforcement and sanctions authority over the crypto sector, including the ability to roam well beyond American borders and get involved with transactions that don't involve its citizenry. дальше »

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SafeMoon CEO bail release goes on hold after Feds cite flight risk

Prosecutors argued SafeMoon CEO Braden John Karony poses a flight risk given his alleged access to funds and overseas connections. дальше »

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UK’s FCA to authorize overseas stablecoin providers

The UK government has rolled out proposals on how to regulate fiat-backed stablecoins. Crypto companies that want to offer services with overseas stablecoins like Tether (USDT) in the UK must get permission from the Financial Conduct Authority (FCA). According to… дальше »

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Binance allegedly utilizes HKVAEX to navigate Hong Kong market

With a separate company, Binance re wants to avoid unnecessary attention in Hong Kong while dealing with regulators overseas. Crypto exchange Binance is rumored to hide behind HKVAEX, a Hong Kong-based crypto trading platform established in 2022. Currently, HKVAEX is… дальше »

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Coinbase Launches Perps for Non-US Traders Amid German Expansion

Coinbase rolls out perpetual futures contracts for four cryptocurrencies amid an overseas expansion and legal battles in the US. The post Coinbase Launches Perps for Non-US Traders Amid German Expansion appeared first on BeInCrypto. дальше »

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Binance stops accepting new UK customers effective today

Cryptocurrency giant Binance will cease accepting new UK users effective at 5:00 PM London time on Monday, October 16, 2023 (16:00 UTC). This move comes in the wake of the UK’s enforcement of the Financial Promotions Regime for qualifying crypto assets that came into effect on October 8, 2023, allowing unregulated overseas firms like Binance […] The post Binance stops accepting new UK customers effective today appeared first on CryptoSlate. дальше »

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US Targets China AI Chip Access in Shenzhen

President Joe Biden has moved to close a trade loophole allowing Chinese access to American AI chips via overseas subsidiaries. The post US Targets China AI Chip Access in Shenzhen appeared first on BeInCrypto. дальше »

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US tightens grip on AI chip export to China amid escalating tech battle

The United States Government is contemplating shutting down Chinese companies’ access to American artificial intelligence (AI) chips, Reuters reported on Oct. 13. The Biden administration aims to close loopholes allowing Chinese companies to acquire American AI chips via overseas subsidiaries. дальше »

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Ripple Exec Says Business Is "Thriving"

Amid U.S. regulatory headwinds, Ripple remains undeterred, bolstering its overseas operations дальше »

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‘We don’t want to be asking in 30 years, ‘Who lost crypto?”: Coinbase chief legal officer

The U. S. is falling behind in adopting crypto regulations, which could lead to 1 million developer jobs and 3 million other high-paying crypto jobs fleeing overseas, according to Paul Grewal, chief legal officer at Coinbase. дальше »

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UK Regulator Saw 'Poor' Engagement From Some Overseas Crypto Firms on Upcoming Ad Rules

With the rules set to take effect Oct. 8, officials at the Financial Conduct Authority have a plan to tackle non-compliant firms, CoinDesk was told. дальше »

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Supra Completes Over $24m in Early Stage Funding to Date

Miami, Florida, September 28th, 2023, Chainwire Supra has raised over $24m in private investment rounds. Supra has received investment from several multi-billion dollar prominent VCs including: Animoca, Coinbase Ventures, HashKey, Prosus Ventures, Razer, United Overseas Bank Venture Management, Valor Equity Partners, among many more. дальше »

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Coinbase Obtains EU Registration as US, UK Cracking Down on Crypto

Largest US cryptocurrency exchange Coinbase scores yet another document that allows its operations overseas дальше »

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Tether acquires 20% stake in German Bitcoin miner Northern Data in unusual equity deal: Report

Stablecoin firm Tether is entering a $420 million deal involving artificial intelligence chips and an overseas Bitcoin crypto mining firm, Forbes reported on Sept. 20. Tether has not officially announced the investment. дальше »

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South Korean Taxpayers Report Overseas Crypto Assets Worth Nearly $100 Billion

In recent years, crypto assets such as Bitcoin and Ether have witnessed increased adoption in various countries worldwide. In a testament to this growing trend, South Korea’s tax organization disclosed that cryptocurrencies accounted for the largest proportion of taxpayers’ assets overseas. дальше »

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South Koreans’ overseas crypto assets boom to $99B as regulatory focus shifts to OTC trade regulation

South Koreans reported approximately 131 trillion won (around $99 billion) in overseas crypto assets, including Bitcoin (BTC), for this year, according to the country’s tax agency. According to the document, 1,432 individuals and entities possessed cryptocurrency holdings valued at over $99 billion overseas. дальше »

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South Koreans Hold $99B of Digital Assets Overseas: Tax Service

The crypto held in overseas accounts for about 70% of all assets held outside the country. дальше »

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South Koreans declare overseas crypto holdings worth $98.5 bln

Crypto held overseas constituted 70. 2% of the total value of foreign assets declared by South Korean nationals. The tax agency warned that individuals who break tax rules will face fines. дальше »

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Crypto accounts for 70% of South Korea’s overseas assets

The National Tax Service (NTS) of South Korea has revealed that 70% of the country’s overseas assets are in cryptocurrency. According to an official statement, the country holds $98 million worth of crypto abroad, as reported by nearly 1,400 individuals… дальше »

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Binance CEO CZ Contradicts His Own Lawyers

Binance CEO denies SEC claims that its US arm improperly used overseas Ceffu custody, contradicting past statements by his own attorneys. дальше »

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Thailand to tax overseas income from crypto trading

Thailand has passed strict laws around cryptocurrency in the past few months. In August, a pro-crypto business tycoon was appointed as the PM of the country. Thailand is planning to tax oveThe post Thailand to tax overseas income from crypto trading appeared first on AMBCrypto. дальше »

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

Any person who resides in Thailand for up to 180 days, would be subject to personal income tax on foreign assets, including crypto. дальше »

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Thailand Plans to Tax Overseas Income From Crypto Traders 

Thailand plans to tax overseas income from crypto traders to fund its economic stimulus measures. The tax targets residents trading in foreign stock markets and cryptocurrency traders. The post Thailand Plans to Tax Overseas Income From Crypto Traders  appeared first on BeInCrypto. дальше »

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Binance.US Not Playing Ball With Probe, SEC Says, as Focus Turns to Custody Arm Ceffu

Securities regulators have complained the exchange is unregistered, and worry about assets being shifted overseas. дальше »

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Taiwan Crypto Watchdog to Issue 10 Guiding Principles for Virtual Assets in September: Report

The East Asian country plans on setting out that crypto businesses should keep customers payments separate from their own tokens and that unregistered overseas firms should not solicit business in the country. дальше »

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Brazil's Congress moves to levy higher taxes on cryptocurrencies

If approved, the legislation would place crypto assets held by Brazilians overseas subject to the same tax rules governing traditional assets. дальше »

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Brazil’s Congress moves to levy higher taxes on cryptocurrencies

If approved, the legislation would make crypto assets held by Brazilians overseas subject to the same tax rules governing traditional assets. дальше »

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

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. дальше »

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U.S. agencies to take on crypto crimes with new taskforce

The new task force will have an international reach, as one unit has 93 overseas locations in 56 countries. Crypto crime accounted for $20. 6 billion in 2022, as per Chainalysis. On 20 June, The post U. дальше »

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Coinbase Chief Legal Officer Heads to Capital Hill to Testify on Crypto Clarity

Coinbase Chief Legal Officer Paul Grewal voiced his concerns that the US was falling behind in terms of tech innovation and fair crypto regulations. He stated, "We cannot afford to ignore crypto while other markets take advantage of our absence, developing rules and regulations that enable the industry to thrive and risk sending jobs, investment, and technological leadership overseas. дальше »

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Coinbase, Robinhood, CFTC to testify in Congress over draft crypto bill

Coinbase Chief Legal Office Paul Grewal reiterated that the “U.S. is falling behind” and is at risk of driving jobs, innovation and investment overseas. дальше »

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Ripple Buys Shares In European Crypto Exchange Bitstamp: Massive XRP Growth Ahead?

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U.S. loses top spot as crypto leader, these countries join the race

The UAE might leave the U. S. behind as a cryptocurrency leader, according to an ARK Invest analyst. Several U. S. -based crypto enterprises are already looking overseas. The United States riskThe post U. дальше »

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This Week In Crypto: Ledger Wallet Faux Pas, XRP Prospects Bearish, and SHIB AI Predictions

In the news this week: Ledger defends seed phrase recovery option, Ripple sentiments still bearish despite overseas expansion, and Andrew Tate in hot water for promoting pump-and-dump scheme. The post This Week In Crypto: Ledger Wallet Faux Pas, XRP Prospects Bearish, and SHIB AI Predictions appeared first on BeInCrypto. дальше »

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The White House’s Bitcoin Mining Tax Undermines Itself

Imposing a levy on mining in the U.S. will send the industry overseas, increasing emissions while depriving the grid of a useful form of “demand response,” says Nic Carter. дальше »

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We Need Regulatory Clarity to Keep Crypto Exchanges Onshore and DeFi Permissionless

The lack of clear crypto regulation risks sending companies overseas. Congress must bring regulatory clarity to crypto market structure, defining the bounds and appropriate legal treatment of crypto securities, commodities, and exchanges, say Jack Solowey and Jennifer J. Schulp. дальше »

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Coinbase CEO dismisses speculation that exchange plans to relocate from US

US-based exchange Coinbase’s CEO Brian Armstrong denied the suggestions that the exchange might carry its headquarters overseas to escape the U. S. Securities and Exchange Commission’s (SEC) interference, as reported by CNBC. дальше »

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Coinbase is ‘not’ leaving the U.S. after all

CEO Brian Armstrong says Coinbase won’t relocate overseas. The crypto exchange is interested in investing more in the UAE. Coinbase stock is up close to 70% for the year at writing. Coinbase Global Inc is in focus this morning after CEO Brian Armstrong confirmed that the crypto company was not considering leaving the United States. дальше »

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Terraform Labs seeks to dismiss class action arguing US laws don’t apply

Federal securities laws only apply in the United States, but the protocols were developed overseas, argues Terraform Labs.

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Will compromise on anonymous crypto appease US regulators, spur adoption?

Asking exchanges to identify users might seem like a minor inconvenience, but could it drive DeFi firms overseas, and would crypto users even care? дальше »

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