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Miami-Dade Residents Might Be Able Pay Taxes With Crypto
16.4.2021
A new proposal by Danielle Cohen Higgins, County Commissioner of District 8 from the Miami-Dade county in Florida, US, calls for the establishment of a task force to look into the possibility of enabling residents to pay their taxes in cryptocurrency.
Should the proposal go through, local...
Miami commissioner wants to let residents pay taxes in Bitcoin
15.4.2021
A new resolution would establish a task force to study crypto in Miami-Dade county's public administration
Hong Kong Security Crackdown Leads to Record Capital Outflows— Residents Reportedly Used Cryptocurrencies to Move Funds
31.3.2021
The Canadian anti-money laundering agency, Fintrac, says it recorded official capital inflows originating from Hong Kong that totaled more than $34 billion in the past year. The outflows, which are the highest since 2012 when the earliest Fintrac records are available, “are the first evidence...
Chinese Citizens Can Now Apply for the Digital Yuan Wallet Through 6 State-Owned Banks
26.3.2021
Following the interview with Ma Changchun, the head of the People’s Bank of China-run Digital Currency Research Institute, a recent report indicates that residents from Beijing and Shanghai can now apply for a digital yuan wallet. According to the report, six different Chinese banks will...
Central Bank of Nigeria Official Reiterates Nigerian Residents Free to Trade Cryptos: Directive Only Applies to Banking Sector
21.3.2021
A senior executive with Nigeria’s central bank, Adamu Lamtek, has reportedly denied that his institution had placed restrictions on the use of cryptocurrencies. Instead, Lamtek, who is the deputy governor responsible for corporates services at the Central Bank of Nigeria (CBN), says...
Swiss canton of Zug starts accepting tax payments in cryptocurrency
18.2.2021
The Swiss canton of Zug is now accepting Bitcoin and Ether for tax payment from local companies and individuals
PayPal expanding crypto services to U.K. residents
11.2.2021
CEO Dan Schulman said last week the company would add crypto buying, selling, and custody features to "Venmo and select international markets" in 2021
Kraken to Halt XRP Trading for U.S. Residents
15.1.2021
Clients residing outside the U.S. will be unaffected
Selected Shenzhen residents to get lottery 'red envelopes' with digital yuan
4.1.2021
Winners of the city's lottery will have 10 days to spend their gifted digital currency, at any of 10,000 supported merchants
Spanish Municipality Creates Its Own Cryptocurrency to Boost Economy Hurt by Coronavirus Crisis
29.12.2020
A municipality in the province of Sevilla, Spain, has launched its own cryptocurrency, which aims to encourage residents and merchants to arrange transactions with it in the midst of the coronavirus-driven economic impact. Spain’s Sevilla Municipality Launches ‘Elio’...
Chinese residents make 20K transactions in digital yuan trial event
13.12.2020
The numbers come following the Suzhou municipal government giving away roughly $3 million in a digital yuan lottery for residents
Venezuelan Crypto-Friendly Freelancing Platform Emerges Amid Economic Crisis, US Sanctions
10.12.2020
More cryptocurrency solutions keep appearing on the scene for Venezuelan residents as U.S. sanctions weigh on Nicolás Maduro’s government, including heavy restrictions on the circulation of foreign exchange transactions, driving people to find on crypto a way to circumvent such hurdles...
Residents of Europe’s Crypto Valley Can Pay Tax Bills in Bitcoin, Ethereum
3.9.2020
Zug. The Swiss canton of Zug – the heart of the nation’s burgeoning crypto and blockchain industry – will be allowed to pay tax bills of up to USD 109,670 in bitcoin (BTC) or ethereum (ETH) from February 2021.
Per Bloomberg, the canton’s tax authority has sealed a deal with crypto custody firm...
‘Crypto Valley’ residents can now pay taxes in Bitcoin
3.9.2020
Authorities in the canton of Zug now embrace cryptocurrency for tax settlement
Waterloo residents have lost $430k to crypto scams this year
25.8.2020
Bitcoin scammers have thus far proven to be unstoppable in Canada
Bitmex Restricts Ontario Residents as Mandated by Canadian Regulator
24.8.2020
Cryptocurrency derivatives exchange Bitmex will be restricting access to users from Ontario, Canada, starting the beginning of next month. The company says the restrictions are mandated by the Ontario Securities Commission (OSC). Bitmex Stops Servicing Users in Ontario Bitmex, a cryptocurrency...
Turkey Residents Panicking Over Massive Inflation
19.8.2020
Turkish are losing faith in its local fiat currency, with confidence in the lira falling 20% this year
Japanese Residents Have Cash to Spare, But is it Going into Crypto?
13.7.2020
The Bank of Japan reported the supply of money stock in circulation increased 6% in June following the receipt of economic relief payments
A ‘Significant Increase’: UK Regulator Says 2.6 Million Residents Have Bought Cryptocurrencies
2.7.2020
The UK’s top financial regulator has conducted a survey and found a “significant increase” in the number of crypto owners and awareness of cryptocurrencies. The regulator estimates that 2.6 million people in the country have bought cryptocurrencies, most of which were from non-UK...
FCA Research Says 2.6 Million UK Residents Have Bought Crypto
30.6.2020
The United Kingdom’s Financial Conduct Authority estimates that roughly 2.6 million U.K. consumers have bought cryptocurrency “at some point.”