2020-7-21 09:26 |
Grayscale CEO Barry Silbert believes the United States is past the point where regulators have the support to ban crypto assets like Bitcoin. origin »
Bitcoin price in Telegram @btc_price_every_hour
|
Kraken secures Restricted Dealer registration in Canada. Cynthia Del Pozo has been named General Manager for North America. Kraken’s Canadian operations have doubled over the past two years, exceeding $2B CAD in assets.
South Korean court has temporarily lifted a 3-month ban on top crypto exchange Upbit. Regulators imposed the ban in February. South Korea’s cryptocurrency exchange Upbit has received reprieve from the courts, with a three-month ban on the crypto exchange now lifted albeit temporarily.
Tether’s market capitalisation slid 1. 5% over the last seven days as broader MiCA regulations across crypto asset service providers in the Eurozone kicked in on Dec 30. These regulations include some stringent rules for global stablecoin providers as some European exchanges have begun to delist USDT.
The UAE updated its tax laws to exempt crypto transactions from value-added tax. The change will take effect on November 15 but retroactively apply to transactions from January 1, 2018. The UAE government amended its regulations around value-added tax laws to exclude digital assets and transactions involving them.
The UAE Central Bank approved a framework for stablecoin regulation which allows only dirham-backed stablecoins to be used for payments. Cryptocurrency like Bitcoin and Ethereum will be restricted to trading, investment, and corporate treasury purposes while foreign stablecoins will only be permitted for purchasing specific virtual assets like NFTs.
Starting Monday, July 8th, Kucoin will charge a 7. 5% tax on all transactions made by users registered in Nigeria. This decision comes from a regulatory update from the Nigerian SEC. Kucoin exchange took to Twitter (X) to announce that starting Monday, July 8th, Nigerian users will be charged a 7.
The IRS has set up a tax reporting framework for cryptocurrency brokers, which will be implemented in 2025. The framework does not include decentralised finance and non-hosted wallets, although rules for those will come later in the year.