Brazilian Govt. Official Believes Economic Reforms May Result in Crypto Based Tax Evasion

2019-7-26 19:11

Economic conditions within Brazil are quite shaky — with the nation’s unemployment rate currently laying around the 12. 5% mark. Owing to its various economic issues, many experts believe that crypto enabled technologies will be able to draw in many investors from across Brazil.

As per recent news stories currently circulating over the internet, Paulo Skaf […].

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A study on issues of competition in fintech, commissioned by the European Parliament Committee on Economic and Monetary Affairs was published July 20. It found that central bank-issued digital currencies could be a “remedy” for a lack of

Europen Union Study shows central banks coming together with their own digital currencies, i.e., CBDCs could mean an end of the journey for the decentralized digital tokens. Bitcoin has been struggling for quite some time for its mainstream adoption, as crypto investors and enthusiasts are waiting for developers to bring a robust scalability solution. On

2018-7-23 18:43


Фото:

A New EU Report Suggests Banks Could Indulge in Financial Misconduct to Stay Away From Cryptos

A new report from an EU department shows that all is not well in the fintech sector as competition intensifies between traditional finance and crypto finance. The report prepared by the Police Department for Economic, Scientific, and Quality of Life Policies on the recommendation of the European Parliament Committee on Economic and Monetary Affairs (ECON).

2018-7-23 17:19


Фото:

Governance, Part 2: Plutocracy Is Still Bad

Coin holder voting, both for governance of technical features, and for more extensive use cases like deciding who runs validator nodes and who receives money from development bounty funds, is unfortunately continuing to be popular, and so it seems worthwhile for me to write another post explaining why I (and Vlad Zamfir and others) do not consider it wise for Ethereum (or really, any base-layer blockchain) to start adopting these kinds of mechanisms in a tightly coupled form in any significant way.

2018-7-21 23:03


Argentina Central Bank Looks For Crypto & Blockchain Education Via Books

Argentina’s Central Bank’s Interesting In “Mastering Bitcoin” Growing As Peso Is Depreciated By Rising Inflation Argentina is currently facing a big economic crisis as the country’s national fiat currency, the Peso, has hit a record low price against the USD and the inflation in the country is rising a lot recently. Not only people, but […]

2018-7-21 23:52


Change Wallet: Crypto Company Launches Bitcoin App With Zero Trading Fees

Change, a cryptocurrency company based in Estonia has announced the launch of its commission fees-free mobile application for buying and converting between different virtual assets. The app currently supports Bitcoin, Ether, Ripple, Litecoin and Tether, and is available for iOS and Android to residents of the European Economic Area under the name of “Change Wallet”. […]

2018-7-19 11:28


Nobel Laureate Economist Explains why Cryptocurrency will be Wiped out by Regulatory Policies In Future

While cryptocurrency is slowly becoming a pillar upon which global economic sectors are being mounted upon and the freedom that virtual currency presents to the masses is witnessing more adaptation from both elderlies and millennials, a very crucial question on the stability of the Crypto space is likely to stir up FUD in the minds […] The post Nobel Laureate Economist Explains why Cryptocurrency will be Wiped out by Regulatory Policies In Future appeared first on ZyCrypto.

2018-7-12 01:37


Iranian Government Gags Crypto Exchanges To Fight 127% Inflation And New US Sanctions

The government in Iran has gagged bitcoin exchanges across the country, claim bitcoin users and alternate coin community of the Islamic state. The government has been censoring its citizens from engaging in crypto-economy, to apparently counter the fresh round of economic sanctions that the US government is looking to impose later in August this year.

2018-7-5 21:31


Фото:

EU’s Report on Cryptocurrencies: Officials “Shouldn’t Ignore” Them

By contrast, the European Union’s report plays devil’s advocate for both cryptocurrency’s strengths and its weaknesses and examines the asset class from a variety of angles. Subtitled “Potential economic advantages and disadvantages of VCs (risks and opportunities),” the report then launches into a subsection to weigh crypto’s pros and cons. This is especially useful in

2018-7-3 02:38


Фото:

Philippines’ Financial Zone Making Crypto Controls, Authorizing 25 Exchanges

Regulation The authority of the Filipino government-owned economic zone is drafting regulations for cryptocurrencies and planning to limit the number of licenses it issues to 25. Japan Confirms Entrance Into the Crypto Space Drafting Crypto Regulations Philippines’ Cagayan Economic Zone Authority (CEZA) is “crafting rules to safeguard cryptocurrency investors,” according to the Philippine News Agency,

2018-7-1 22:11


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New Zealand Aims To Abolish Cryptocurrency Sales Tax While Income Tax Would Remain

The New Zealand government has held discussions in a bid to revise the Goods and Service Taxes applied to cryptocurrency. This would mean that cryptocurrencies exchanging ownership would be liable to a 15% GST and end up double taxing as they would still be keen on applying the income tax. The revenue authority Inland Revenue […]

Warning Letters Issued to Crypto Tax Evaders by Danish Tax Authority

As the definitions that cover cryptocurrencies evolve, countries have to decide how their taxes will apply. In Denmark, the tax authority has been pursuing consumers that have been avoiding the payment of their taxes that they should rightfully pay, due to their trading activity.