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Tax strategies allow crypto investors to offset losses

4.2.2023
Reporting cryptocurrency when filing taxes can help investors offset their losses

Binance Returns to Korean Crypto Market — Invests in Troubled Exchange Gopax

4.2.2023
Binance has returned to the South Korean cryptocurrency market after two years with a “meaningful” investment in a local, licensed crypto exchange. Gopax fell into trouble following the collapse of crypto exchange FTX and the bankruptcy filing of crypto lender Genesis Global. Binance...

Uzbekistan Collects Over $300,000 From Crypto Sector

4.2.2023
While operations with digital assets are not taxed in Uzbekistan, the government is receiving a growing amount of revenues from the industry. The increase in budget receipts has been attributed to the licensing regime and the introduction of fees for crypto companies. Crypto Exchange in Uzbekistan...

CFTC head looks to new Congress for action on crypto regulation

3.2.2023
"I will continue to engage and provide technical assistance to draft legislation, as requested,” said Rostin Behnam

US Congress to hold 'crypto crash' hearing on Feb. 14

3.2.2023
The ‘Crypto Crash: Why Financial System Safeguards are Needed for Digital Assets’ hearing will come two months after senators met to discuss the collapse of FTX

Bankman-Fried Family Subpoenas Opposed by US Government in FTX Filing

3.2.2023
Planned demands for information on the crypto exchange’s dealings would duplicate the work of the independent examiner who has yet to be appointed, the US Trustee said

Charlie Munger Urges US Government to Ban Crypto Like China Has Done

3.2.2023
Warren Buffett’s right-hand man and the vice chairman of Berkshire Hathaway, Charlie Munger, has urged the U.S. government to ban cryptocurrencies like China has done. “A cryptocurrency is not a currency, not a commodity, and not a security. Instead, it’s a gambling contract...

Euro stablecoin launched in Finland, claims to be first approved in the EU

2.2.2023
USDC issuer Circle Inc. previously released a euro-backed stablecoin that is regulated in the United States

Japanese Prime Minister says DAOs and NFTs help support government’s 'Cool Japan' strategy

2.2.2023
Fumio Kishida said there were “various possibilities for using Web3” in Japan and has previously supported blockchain-based initiatives for authorities using digital solutions

UK Crypto Industry Celebrates Government’s Planned Exemptions for Crypto Ad Approvals

2.2.2023
But the country’s financial watchdog says it will “take a consistent approach to that taken for other high-risk investments,” when the time comes to set up enforcement rules

What crypto hodlers should keep in mind as tax season approaches

2.2.2023
Filing crypto taxes can be complex, especially for those exploring the decentralized finance world. Here’s what to keep in mind

Chinese Economist Urges Government to Reconsider Crypto Ban — Warns of Missed Tech Opportunities

2.2.2023
An economics professor and former adviser to the People’s Bank of China has urged the Chinese government to reconsider its ban on cryptocurrencies. He warned that banning crypto activities could result in missed opportunities that are “very valuable” to regulated financial...

Indian Government Introduces New Crypto Tax Penalties

2.2.2023
The Indian government has introduced new crypto tax penalties, including for non-payment of crypto tax deducted at source (TDS). Much to the disappointment of the crypto community, Finance Minister Nirmala Sitharaman did not mention crypto in her Budget speech this year. Crypto income remains taxed...

London Crowned World’s Leading Cryptocurrency Hub, According to Study

2.2.2023
According to research from Recap, a cryptocurrency tax software company, London has become the world’s leading hub for cryptocurrencies. The researchers analyzed eight indicators, including the number of cryptocurrency businesses and the quantity of cryptocurrency ATMs in each country....

Britain Announces Plans for ‘Robust’ Crypto Rules, Launches Consultation

1.2.2023
The U.K. has unveiled “ambitious plans” to “robustly regulate” various crypto activities, while seeking to protect customers and grow its economy. In the next three months, British authorities will accept public feedback on the new regulatory proposals designed to govern digital assets like...

India Highlights Need for ‘Common Approach to Regulating Crypto Ecosystem’

1.2.2023
India’s Finance Ministry has highlighted the necessity for “a common approach to regulating the crypto ecosystem” in its flagship Economic Survey this year. “Crypto assets are self-referential instruments and do not strictly pass the test of being a financial asset because...

Blockchain provider SIMBA Chain awarded $30M by US Air Force STRATFI program

31.1.2023
According to SIMBA Chain, the investment will go toward developing blockchain applications that will be used by several government organizations

Korean Government to Adopt Cryptocurrency Tracking System Within 5 Months

31.1.2023
The South Korean government will adopt a cryptocurrency tracking system within the first half of this year, the country’s Ministry of Justice reportedly announced. The tracking system will be used to monitor and analyze crypto transactions, particularly to uncover the sources of illegal...

Genesis Capital’s fall might transform crypto lending — not bury it

28.1.2023
TradFi firms with expertise in risk management may soon “fill the void” left by bankrupt crypto lenders, a Duke finance professor predicts