2023-9-20 16:18 |
The crypto held in overseas accounts for about 70% of all assets held outside the country.
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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…
2023-9-20 15:20 | |
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Any person who resides in Thailand for up to 180 days, would be subject to personal income tax on foreign assets, including crypto.
2023-9-20 12:22 | |
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Securities regulators have complained the exchange is unregistered, and worry about assets being shifted overseas.
2023-9-15 09:32 | |
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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.
2023-9-9 14:32 | |
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If approved, the legislation would place crypto assets held by Brazilians overseas subject to the same tax rules governing traditional assets.
2023-8-13 20:06 | |
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If approved, the legislation would make crypto assets held by Brazilians overseas subject to the same tax rules governing traditional assets.
2023-8-14 20:06 | |
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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.
2023-8-7 01:05 | |
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After the warrant for CEO Kwon Do-arrest was issued in September, he abruptly transferred approximately 3313 BTC (Bitcoin) to two overseas virtual asset exchanges.
2022-9-28 06:00 | |
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Fresh reports from South Africa suggest that the transfer of locally acquired cryptocurrencies to overseas crypto exchanges will now be subject to the country’s exchange control regulations. Consequently, transactions where an individual purchases crypto assets in South Africa and uses them to externalize “any right to capital” will be deemed a criminal offense. Risk of […]
2021-6-29 07:30 | |
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Korea's Financial Services Commission is also meeting with crypto exchanges to hear their concerns about new regulation approaches. The post South Korea to Tax Crypto Assets Held in Overseas Exchanges Starting Next Year first appeared on BitcoinExchangeGuide.
2021-6-4 19:41 | |
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Deputy director of the state administration for Foreign Exchange in China believes the soaring Bitcoin price raises issues of illegal asset transfer overseas
2021-1-20 17:13 | |
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Major Singaporean bank, the United Overseas Bank (UOB) is mulling joining the cryptocurrency custody bandwagon. United Overseas Bank Developing Crypto Custody Solutions According to a report by The Block, Singapore-based United Overseas Bank appears to be developing digital assets custody solutions.
2020-11-28 00:00 | |
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Copper uses its "Walled Garden" infrastructure to allow clients to trade crypto assets more securely from custody.
2020-2-18 15:14 | |
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Pegged to Japan's cryptocurrency market, Nomura's benchmark will be available to domestic and overseas institutional investors and crypto exchanges, among others.
2020-1-31 23:30 | |
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Political unrest usually leads to economic uncertainty, which can drive investors into alternative assets or safer havens overseas. Protests in Hong Kong have garnered global attention as mainland oppression has resulted in millions taking to the streets.
2019-8-26 14:30 | |
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North Korea could pose a threat to countries across Southeast Asia as it looks to exploit cryptocurrency exchanges due to gaps in regulatory frameworks, according to a new report.
2019-4-25 17:04 | |
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Andrei Poliakov is the CEO and co-founder of Coinberry, one of Canada’s premier digital currency platforms. His company is the first in Canada to partner with a government municipality.
2019-4-23 17:42 | |
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The Wyoming state government has been expanding its status as a hub for crypto and blockchain technology by passing several new bills this February. According to Wyoming-based blockchain advocate Caitlin Long, the state of Wyoming has recently passed resolution SF0125 on February 14, 2019, claiming that Wyoming “law recognizes property rights in the direct ownership of digital assets.
2019-2-15 22:18 | |
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In the current freelancing industry, many platforms only allow independent contractors to use one bank account. In addition to restricting freelancers to the use of fiat only, this can also cause significant lag times when employees work with companies overseas.
2019-2-15 20:14 | |
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The UnionBank of the Philippines, one of the leading financial institutions in the country, has launched a two-way bitcoin automated teller machine (ATM), according to a story in local media outlet Philstar.
2019-2-12 00:10 | |
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I had the opportunity to participate on a legal panel with David Silver at the Unconfiscatable: Bitcoin Not Blockchain Conference put on by Tone Vays in Las Vegas.
2019-2-7 20:39 | |
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U. S. -based cryptocurrency exchange platform Kraken has completed the largest transaction in its history after it made its foray into the futures trading world with the acquisition of London-based Crypto Facilities.
2019-2-5 21:04 | |
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The government of China and its central bank the People’s Bank of China (PBoC) enforced a strict crypto trading ban in September 2017. Yet, the local cryptocurrency market of the country remains active, with hotels, exchanges, and over-the-counter (OTC) trading platforms supporting digital assets.
2018-9-30 10:00 | |
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After outlawing all the cryptocurrency-related companies in the country, the Chinese government is closing the last avenue citizens had to getting their hands on digital assets, blocking overseas exchanges.
2018-8-27 04:00 | |
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In the most recent financial report by SBI Holdings, the firm had mentioned how it would continue to expand its reach globally by creating synergies/partnerships/joint ventures through the establishment of a new ecosystem based on digital assets that will further achieve the following: Expand investments into domestic and overseas digital asset based ventures Pursuit of […] The post XRP-Centric SBI Holdings Partners with China’s OneConnect that serves 468 Banks and More appeared first on Ethereum World News.
2018-8-7 19:18 | |
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When it comes to cryptocurrency, it seems that there are always two sides of the (bit)coin. On the negative side, there’s everything that can go wrong.
2018-7-14 19:30 | |
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Bitmain — the largest and most established manufacturer of cryptocurrency mining chips — is considering an IPO, or initial public offering. This could potentially open the company’s books to the world and allow the stock market to assign the company real-time value.
2018-6-11 01:34 | |
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The Australian Taxation Office (ATO) has asked cryptocurrency exchanges to provide the personal data and transaction details of up to 1.2 million accounts, according to reports.
Brazil's government proposes a bill to reform tax rules for financial investments and crypto assets, targeting tax havens with a 22.5% rate.
Indonesia’s crypto market faces a period of change and reassessment, as evidenced by falling tax revenue and planned regulatory shifts. While Bitcoin surged in value throughout 2023, the country’s crypto tax revenue plummeted by over 60% compared to the previous year, raising concerns about the effectiveness of the current tax regime. Related Reading: Former FTX, […]
Crypto is classified as a commodity in Indonesia and is subject to VAT and income tax.
The bill is awaiting presidential approval.
Spanish citizens must disclose crypto holdings exceeding 50,000 euros (about $55,000) held on foreign platforms for tax purposes starting January next year, according to an update from Spain’s Tax Administration Agency, Agencia Tributaria.