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EU Council Adopts DAC8 Directive to Enhance Tax Oversight on Crypto Transactions

The Council of the European Union has ratified a directive amending the region’s standing rules on tax administrative collaboration on October 17, 2023. This amendment, commonly referred to as DAC8, primarily targets the reporting and automatic information exchange regarding revenue stemming from crypto-asset transactions and advance tax rulings for high-net-worth individuals. The directive’s primary goal … Continue reading EU Council Adopts DAC8 Directive to Enhance Tax Oversight on Crypto Transactions

Title: EU Council Adopts DAC 8 Directive to Enhance Tax Oversight on Crypto Transactions.

Prior to December 7, 2021, the council indicated in its report to the European Council that it expects the European Commission to submit a legislative proposal in 2022 on further revision of the directive 2011/16 / EU on administrative cooperation in the field of taxation (DAC), concerning exchange of information on crypto-assets and tax rulings … Continue reading Title: EU Council Adopts DAC 8 Directive to Enhance Tax Oversight on Crypto Transactions.

U.S. Appeals Court Approves Seizure of Over $3 Billion in Bitcoin from Silk Road

The U.S. Court of Appeals for the Ninth Circuit has recently concluded a landmark legal process, officially sanctioning the confiscation of 69,370 Bitcoins and other cryptocurrencies from the defunct dark web marketplace Silk Road. This judicial action enforces a previous ruling that acknowledged the U.S. government’s rightful claim to these digital assets, which were linked … Continue reading U.S. Appeals Court Approves Seizure of Over $3 Billion in Bitcoin from Silk Road

India's Crackdown on Crypto Exchanges: Binance, Kraken, Mexc, and Kucoin Delisted from App Store

Binance, Kraken, Mexc, and Kucoin are among the biggest cryptocurrency exchanges that have been targeted by the Indian Financial Intelligence Unit (FIU), which has taken further measures against them by deleting their applications from the Apple App Store in India. As a result of the enactment of new taxation rules on virtual currencies in the … Continue reading India's Crackdown on Crypto Exchanges: Binance, Kraken, Mexc, and Kucoin Delisted from App Store

Enhancing AI Recommendations: A Study on ChatGPT's Conversational Refinement and Bias Mitigation

Mastering prompt design in interactions with Chatbot AIs, including ChatGPT and Character AI, is crucial for achieving precise and relevant results. Recently, a paper titled “ChatGPT for Conversational Recommendation: Refining Recommendations by Reprompting with Feedback” by Kyle Dylan Spurlock, Cagla Acun, and Esin Saka presents an in-depth analysis of enhancing recommendation systems using Large Language … Continue reading Enhancing AI Recommendations: A Study on ChatGPT's Conversational Refinement and Bias Mitigation

US Government to Auction $130 Million in Silk Road Bitcoin

The US government is set to auction over $130 million in Bitcoin, previously seized in the high-profile Silk Road investigation, marking a significant move in the handling of digital assets linked to criminal activities. In a recent decision by the US District Court for the District of Maryland, 2,874.9 BTC (valued at around $129 million) … Continue reading US Government to Auction $130 Million in Silk Road Bitcoin