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Nalezeno "offshore": 122

Tether Adds Offshore Chinese Yuan to Its Stablecoin Offering – China Crypto Surge Coming?

8.12.2022
Tether, the company behind the largest stablecoin USDT, has expanded its offerings to include offshore Chinese Yuan (CNH₮) stablecoin on the Tron blockchain. The move will enable Chinese customers to send and receive payments in the stablecoin with fewer fees compared to the Ethereum blockchain. ...

Tether adds offshore Chinese Yuan to Tron blockchain

7.12.2022
Tether Operations Limited (Tether) is a company that actively operates the blockchain-aided platform tether.to. The entity has taken the opportunity to make its formal announcement that they have successfully added the offshore Chinese Yuan to the Tron blockchain. Incidentally, Tether is also...

Wells Fargo, HSBC Add Offshore Yuan to Blockchain Foreign-Exchange System

17.11.2022
The system started operating almost a year ago with the U.S. and Canadian dollars, British pound and euro and has settled over $200 billion in transactions

Unclear regulations drove 95% of trading activity offshore: Coinbase CEO

10.11.2022
The U.S. regulators are currently investigating FTX.US, Coinbase and Binance in the wake of the collapse of the FTX global crypto exchange

Yuan Taps New Low Versus US Dollar as Investors React to Endorsement of Chinese President’s Third-Term Bid

25.10.2022
The Chinese yuan’s offshore exchange rate against the U.S. dollar fell to a new all-time low of 7.33:1 just over a day after the conclusion of the Chinese Communist Party’s congress which gave President Xi Jinping the mandate to lead the country for the third time. Concerns over...

Crypto is Thriving Through Offshore Corporate Structures

1.10.2022
Marc Piano, Senior Associate at global offshore law firm Harneys, is a member of the Investment Funds, Corporate, and Banking & Finance teams in the Cayman Islands office. Phil Graham, Partner at Harneys, is global head of the Investment Funds and Regulatory groups and head of the transactional...

Chinese Currency Breaches 7:1 Exchange Rate Against US Dollar for First Time in Two Years

21.9.2022
The offshore exchange rate of China’s fiat currency versus the U.S. dollar recently breached the 7:1 mark for the first time in over two years, after it touched a new 2022 low of 7.0188 yuan for every dollar on September 15. Similar to other global currencies that have depreciated in 2022...

Three Arrows Paper Trail Leads to Trading Desk Obscured Via Offshore Entities

2.7.2022
As Three Arrows Capital collapsed under market pressure, its much-lesser known trading desk TPS Capital remained active, sources say. But a complex ownership structure might frustrate creditors' efforts to collect

China’s Crackdown Spurs Massive Onchain Transfers, Cold Wallets Move $3 Billion in Bitcoin and 800K Ether

26.9.2021
Following the latest statements from China’s central bank concerning cryptocurrencies and offshore crypto exchanges, massive amounts of funds have been moving onchain. On September 26, at approximately 1:00 a.m. (UTC) 72,999 BTC or $3.1 billion in bitcoin was dispersed to unknown wallets....

China’s Crypto Crackdown: Fundamentals Still Show Bull Market Continuation, Bobby Lee Says ‘Don’t Panic’

24.9.2021
The People’s Bank of China (PBOC), the country’s central bank, published a Q&A to its website which said that Chinese citizens participating in virtual currency exchange offshore is “considered illegal financial activity.” The PBOC also reiterated comments it...

South African Expert Says Tax-Dodging Crypto Traders Face Heightened Jail Threat

13.8.2021
A South African tax expert, Thomas Lobban, has warned non-tax paying crypto traders that they now face possible jail time if the South African Revenue Services (SARS) decides to lay tax offense charges against them. He adds that this threat of jail time similarly applies to South African crypto...

Bitcoin mining difficulty jumps second time as miners settle offshore

13.8.2021
Bitcoin mining difficulty took a second jump following the dip in mid-July as the mining ecosystem continues to turn back online

India Plans to Unveil Central Bank Digital Currency Model by Year End

9.8.2021
The deputy governor of India’s central bank, the Reserve Bank of India (RBI), says the bank should be able to come up with a central bank digital currency (CBDC) model by the end of this year. India May Unveil a CBDC Model by Year End The Reserve Bank of India (RBI) may unveil a model...

US Senator Warns Passing Unproven Crypto Law Will Stifle Innovation and ‘Make Americans Poorer’

8.8.2021
U.S. Senator Mike Lee has raised concerns that adopting the crypto tax provision in the $1.2 trillion infrastructure bill will stifle innovation and make Americans poorer. He explained that cryptocurrencies are not like securities and cannot be regulated with the same policies, noting that to do...

Existing Indian law could impose 2% levy on crypto bought from offshore exchanges

22.6.2021
Existing law in India could mandate a 2% levy on cryptocurrency purchases from offshore-based exchanges servicing India’s market

Ripple seeks docs from 15 offshore exchanges it says could be ‘fatal’ to the SEC’s charges

3.6.2021
Ripple believes records held by offshore exchanges will prove its executives did not violate Section 5 of the Securities Act by offloading XRP on the U.S. public

South African Tax Collector Targeting Crypto Investors in Its Bid to Raise Extra Revenues

10.5.2021
Latest reports from South Africa suggest that the country’s tax agency will now be targeting cryptocurrency investors as it attempts to increase the total value of revenues collected. Alongside high net worth individuals and offshore investors, digital currency holders now constitute an area...