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Citizens in Argentina Might Have to Pay Crypto Taxes Depending on Location


A new crypto tax paradigm is brewing in Argentina, where two provinces have now approved crypto tax laws. This means that Argentinian citizens must disclose their cryptocurrency holdings and pay taxes according to the trades they do in the provinces of Tucuman and Cordoba. This is because...

An NFT Storm Brewing for OpenSea as FTX's New Platform 'a Month Away'


on-solana-meltdown-nfts">told Bloomberg that the exchange has a “robust framework,” and is therefore “set up for an easy expansion” – specifically to include NFTs minted externally.The exchange already allows their users to mint and list NFTs, but the next goal is to enable them to bring

South Korea: Four Exchanges Safe but USD 2.6B Closure Storm Brewing


To do so, they need to fulfill a number of criteria, including securing information security management system (ISMS) certification and real-name authenticated banking contracts for their customers. The latter has proved extremely problematic for most exchanges.The market leader Upbit last

A Crypto ‘Coin Run’ Could Be Brewing in South Korea


A leading South Korean media outlet and industry experts have warned that a “coin run” could take place next month as the likelihood of a mass of crypto exchange closures increases. In a video report, the national broadcaster KBS reported that a glut of crypto liquidations could be on the cards...

Analyst Warns of Broad Correction in the Cryptocurrency Market


Vanda Research has warned of a broad correction in the cryptocurrency market. Ben Onatibia, the firm’s partner and senior strategist, said that the surge in cryptocurrency prices this year is reminiscent of bitcoin’s rally in 2017. A Correction in Crypto Market Appears to Be Brewing...

A Bitcoin War Is Brewing Over KYC


Every year, Bitcoin faces a new foe intent on crippling it by undermining the foundations it was built upon. From mining cartels to developer disputes, Bitcoin has faced a barrage of threats over the past decade. When it’s not internecine conflict taking its toll, it’s external forces...

‘In Small Steps’ China Cuts Benchmark Interest Rates


Careful not to rush too much with stimulus, the Chinese government nevertheless realizes that its behemoth economy is invariably slowing down. New loan interest rate cuts have been announced recently to encourage bank lending and borrowing in the private sector. With a brewing liquidity crisis...

Another Bank Run Highlights China’s Brewing Financial Crisis


A regional lender has become the latest victim of the growing liquidity crunch in the world’s most populous country. Yingkou Coastal Bank, operating in the northeastern Chinese province of Liaoning, is the second institution within less than a month to see its financial stability threatened...

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