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Residents of Europe’s Crypto Valley Can Pay Tax Bills in Bitcoin, Ethereum


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...

Russian Ministry’s Crypto Mining Plans ‘a Cause for Concern’


The Russian Ministry of Finance wants to ban crypto miners from receiving token rewards leading to what newspaper Izvestia has called “a de facto ban on the circulation of cryptoassets in Russia.” The newspaper said it has seen Ministry of Finance-drafted legislation proposals pertaining to...

Hacking of PM Modi Happened at Bad Time for Indian Crypto Industry


Narendra Modi. Source: A video screenshot, Youtube/Narendra Modi An apparent hacking of Indian Prime Minister Narendra Modi’s Twitter account by attackers seeking to scam people into sending cryptocurrency came at a bad time for the industry in India, where the government is still working out what...

Crypto Exchanges Worried: Police Continue Bithumb Fraud Probe


Source: Adobe/david_franklin Further details are emerging about the Seoul Metropolitan Police Agency’s all-day raid on Bithumb, South Korea’s leading crypto exchange on suspicions of fraud and embezzlement. A Seoul-based employee at a rival South Korean crypto exchange who asked not to be named...

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