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17,000 Quadrigacx Users Seek $307M from the Failed Canadian Crypto Exchange

13.5.2020
About 17,000 people have filed claims for refunds from the collapsed Canadian digital asset exchange Quadrigacx. Altogether, the claims, denominated in both cryptocurrency and fiat, amount to nearly $307 million. According to a document released Tuesday by Ernst & Young, the court-appointed...

Spain’s Tax Authority Sending Notices to 66,000 Cryptocurrency Owners

2.4.2020
The Spanish tax authority has reportedly started sending notices to about 66,000 cryptocurrency owners in the country. This number represents a massive increase from the 14,700 tax letters the agency sent to crypto owners last year. The letters will continue to be sent until the end of June despite...

A Headless CMS for You and Your Web Development Agency

13.2.2020
(This is a sponsored post.) Storyblok is a headless but component-based CMS with a built-in live-preview. You can use it for building fast and reliable websites and power native apps with your favorite technology. Let us start with the basics and what a headless CMS is: A headless content...

312 Crypto Exchanges Registered in Australia, Regulator Confirms

10.2.2020
A growing number of cryptocurrency exchanges have been registered with Australia’s crypto regulator. A spokesperson for the government agency overseeing the crypto industry confirmed to news.Bitcoin.com on Monday that the regulator has already registered 312 crypto exchanges. Also read:...

Bitcoin ETFs in Japan: FSA Explains New Rules for Funds Investing in Cryptos

7.2.2020
Japan’s top financial regulator, the Financial Services Agency (FSA), has explained to news.Bitcoin.com its recently adopted rules regarding the creation and sale of cryptocurrency exchange-traded funds (ETFs). Meanwhile, Japan now has a crypto index, launched by major Japanese companies....

Spanish Tax Agency to Step up Bitcoin and Altcoins Monitoring Efforts

30.1.2020
A Spanish tax agency says it intends to intensify its scrutiny of cryptocurrencies in 2020. In an official communiqué released by the Agencia Estatal de Administración Tributaria (AEAT), the nation’s top tax authority, called monitoring cryptocurrencies “one of this year’s most demanding...

UK Tax Agency to Pay $100K for Blockchain Surveillance Software

21.1.2020
On January 17, the UK tax agency Her Majesty’s Revenue and Customs (HMRC) published a job opportunity for a private contractor to design a cryptocurrency blockchain analysis tool. According to the listing, the contract is for one year and HMRC will pay the contractor $100,000 for software...

Britain’s Tax Agency Cracking Down on Crypto Tax Evasion

21.1.2020
Britain’s highest tax authority, Her Majesty’s Revenue & Customs (HMRC), has issued a request for blockchain analysis tools. The main goal, per the request, is to find and implement technology that allows the government to track and tax cryptocurrency users. The problem facing the British...

Uzbekistan to Create National Mining Pool, Launch Licensed Exchange

16.1.2020
Establishing a “national mining pool” has been declared a priority in Uzbekistan. Miners who join the pool will enjoy lower electricity rates, announced the country’s agency overseeing the crypto industry. The Central Asian nation is also preparing to launch a licensed...

Fed Officials Ponder Funding Hedge Funds and Private Brokers Directly

15.1.2020
On January 13, the New York Federal Reserve gave $60.7 billion to eligible private financial institutions by leveraging U.S. Treasurys and agency securities. With all the stimulus given to financial institutions since September, it hasn’t relieved the stress of economic uncertainty. Now...

Philippine ‘Crypto Valley of Asia’ to Get Own Airport

10.1.2020
The Philippines has a “Crypto Valley of Asia,” an initiative of the Cagayan Economic Zone Authority, the government agency responsible for managing the Cagayan Special Economic Zone and Freeport. An airport is now being planned for inside this economic zone to address the needs of...

Bank Closures and Withdrawal Restrictions Anger Lebanese Citizens

8.1.2020
Lebanese citizens have been dealing with economic hardship, as the country’s central bank imposed customer withdrawal limits last October. The problems have continued over the last two months, as ATMs have stopped dispensing cash and bank branches close doors in fear of angry clients....

Travala Scores 33% Revenue Growth With 60% of Bookings Paid With Crypto

5.1.2020
Travala, the online platform that allows crypto users to book hotel rooms in thousands of destinations around the world, has registered remarkable growth in bookings during the Christmas holiday season. More than half of those in December were paid in cryptocurrency, with bitcoin cash among...

South Korea Imposes $69M Tax Obligation on Crypto Exchange Bithumb

30.12.2019
The National Tax Service of South Korea (NTS) has decided to withhold income tax from Bithumb’s foreign customers. The total tax to be imposed on their transactions amounts to more than 80 billion won (over $69 million), the leading Korean cryptocurrency exchange announced. Also read: Poles...

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