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Taxing Crypto Transactions Would Generate $13B Each Year for Russia: Report

Data collected from Russian authorities showed that the country could earn 1 trillion rubles ($13 billion) each year by taxing cryptocurrency transactions, Moscow-based news outlet The Bell reported. The numbers were generated by collecting the IP addresses, excluding the ones using virtual private networks (VPN) or unauthorized crypto exchanges. Available data shows that 5.5% of … Continue reading Taxing Crypto Transactions Would Generate $13B Each Year for Russia: Report

Incoming South Korean President to Boost Crypto Adoption by Zero-Taxing Gains

Upon taking office in May, South Korean President-elect Yoon Suk-yeol vowed to zero tax crypto trading gains not exceeding 50 million won, approximately $40,000 similar to stock gains, according to Nikkei. Deemed a crypto enthusiast, the president-elect emerged victorious in the tightly contested election held last week, and part of his crypto pledges entailed giving … Continue reading Incoming South Korean President to Boost Crypto Adoption by Zero-Taxing Gains

SEC Accuses Kraken of Operating Without Registration, Alleges Mixing of Funds

The U.S. Securities and Exchange Commission (SEC) has filed a complaint against Payward Inc. and Payward Ventures Inc., collectively known as Kraken, for operating their cryptocurrency trading platform without the necessary registrations. The complaint, filed in San Francisco, alleges violations dating back to September 2018. Kraken is accused of functioning as an unregistered exchange, broker, … Continue reading SEC Accuses Kraken of Operating Without Registration, Alleges Mixing of Funds

Blockchain.News Interview with Co-founder and CIO of CryptAM, David Demmer on Digital Asset Management

Since the launch of the Bitcoin in 2008, interest in cryptocurrencies continue to increase exponentially over the years. As the space matures, investors are increasingly eager to add cryptocurrencies into their portfolios for more diversification, whether it is for long-term value investing or short-term profit maximization. Investors can no longer afford to ignore the impact … Continue reading Blockchain.News Interview with Co-founder and CIO of CryptAM, David Demmer on Digital Asset Management

Crypto, Tax, and the IRS: The Good, The Bad, and The Downright Ugly

They used to say that Al Capone feared the Internal Revenue System (IRS) more than he feared the FBI. This fear proved to be well-founded, as tax affairs did precipitate Capone’s downfall. Capone’s troubles with the IRS illustrates this piece well, but with a 21st-century twist. We’re not talking about ill-gotten gains made through bootleg … Continue reading Crypto, Tax, and the IRS: The Good, The Bad, and The Downright Ugly

Is Blockchain Tech the Holy Grail for the Aerospace Industry?

The Holy Grail. The elusive relic is a pivotal component of Christian lore, serving as a beacon for worldwide scholars and treasure hunters (raider?) alike. Whether your faith communes with the Grail’s significance or not, the item remains an object of veneration and discussion to this day. Some movies have of course helped to feed … Continue reading Is Blockchain Tech the Holy Grail for the Aerospace Industry?

Chinese Police Put MicroBT CEO Under Microscope Over Alleged Dispute With Bitmain

As stated by a local news outlet, the Chinese Police have just resumed its investigation of intellectual property infringement involving Yang Zuoxing, CEO of Shenzhen Bit Microelectronics Technology and Bitmain. In the course, Yang was being arrested to help in the investigation of the patent of Bitmain he allegedly infringed upon and if found guilty, … Continue reading Chinese Police Put MicroBT CEO Under Microscope Over Alleged Dispute With Bitmain

Institutional Bitcoin Index Launched by MVIS and CryptoCompare

MVIS, the MV Index Solutions, the indexing division of VanEck, a US-based asset manager, partnered with CryptoCompare, a cryptocurrency market data provider, and launched the MVIS CryptoCompare Institutional Bitcoin Index, with the ticker: MVIBTC. This Bitcoin index is built with the aim of monitoring and measuring the market performance of cryptocurrency as regards Bitcoin investment … Continue reading Institutional Bitcoin Index Launched by MVIS and CryptoCompare

Kaspersky’s Expert Take on KYC and AML: Stock vs Crypto Exchanges

Exclusive Interview with Yeo Siang Tiong, Kaspersky: Part Two (Link: Part One) In Part Two of our interview, Yeo Siang Tiong, General Manager for Southeast Asia, Kaspersky shared how Kaspersky provides cybersecurity solutions for stock and crypto exchanges to address KYC and AML concerns. He also walked us through the Kaspersky Application Security Assessment and explained its … Continue reading Kaspersky’s Expert Take on KYC and AML: Stock vs Crypto Exchanges

Perianne Boring: Fostering Blockchain Through Regulatory Uncertainty

Perianne Boring is the Founder and President of the Chamber of Digital Commerce—the world’s first and largest blockchain trade association. The mission of the Chamber is to promote the acceptance and use of digital assets and blockchain technology. The Chamber represents more than 200 companies that are investing in and innovating with blockchain-based technologies, including … Continue reading Perianne Boring: Fostering Blockchain Through Regulatory Uncertainty