UK’s HMRC says Cryptocurrencies Not Exempt from Digital Services Tax

HM Revenue and Customs (HMRC) says cryptocurrencies do not qualify as money or commodities and are not exempt from the digital services tax. The tax office has also informed online crypto exchanges that they are subject to the tax, according to a report from The Telegraph, which says it is designed to ensure tech firms […] The post UK’s HMRC says Cryptocurrencies Not Exempt from Digital Services Tax first appeared on BitcoinExchangeGuide. äàëüøå »

2021-11-30 23:57

Indian Finance Minister says No Plan to Recognize Bitcoin as a Currency, Meanwhile Indians Want Crypto Taxed but Not Legalized

India does not plan to recognize Bitcoin as a currency, said Finance Minister Nirmala Sitharaman on Monday, in response to a question in the Lok Sabha, as per the local report. When asked whether the government has a proposal to recognize the leading cryptocurrency as a currency in the country, Sitharaman gave a “No. äàëüøå »

2021-11-29 21:18

Major US Banking Regulators Finish “Policy Print” and Release 2022 Crypto Roadmap

Top US banking regulator said on Tuesday that banks must seek and obtain written permission from their bank supervisors before engaging in cryptocurrencies. The Office of the Comptroller of the Currency said that before taking on activities like providing custody services for crypto assets, banks must demonstrate they have appropriate risk management tools. äàëüøå »

2021-11-25 16:49

“Fear” in The Crypto Market And Bitcoin’s Correlation With S&P 500 Climbs to Highest Level of 2021

Crypto assets are not really having a good time, with Bitcoin stuck around $56,500 and Ether below $4,300. But crypto assets are not alone in that as speculative stocks aren’t any different as losses picked up in very-high-priced technology names as the bond market started to price in higher odds of rate hikes next year […] The post “Fear” in The Crypto Market And Bitcoin’s Correlation With S&P 500 Climbs to Highest Level of 2021 first appeared on BitcoinExchangeGuide. äàëüøå »

2021-11-25 16:36

IMF says Bitcoin Chivo Wallet Could “Increase Growth” But Calls for “Narrowing” BTC Law Due to High Volatility

The IMF has released its concluding statement on El Salvador adopting Bitcoin as legal tender alongside the US dollar. In IMF’s discussion with El Salvador, they covered the regulation and supervision of Bitcoin services providers and e-wallet Chivo, but the latest plans to issue sovereign bonds and use the proceeds to buy Bitcoin and fund […] The post IMF says Bitcoin Chivo Wallet Could “Increase Growth” But Calls for “Narrowing” BTC Law Due to High Volatility first appeared on BitcoinExchangeGuide. äàëüøå »

2021-11-23 18:13

ZEC Pumps on PoS Pivot to Reduce “Downward Pressure,” Edward Snowden says Zcash “Meaningfully Advanced” What Crypto Could Do

The privacy coin has seen a 56% spike in value to record 265% gains YTD, but it is still down 93.5% from its $3,192 ATH hit five years ago. The post ZEC Pumps on PoS Pivot to Reduce “Downward Pressure,” Edward Snowden says Zcash “Meaningfully Advanced” What Crypto Could Do first appeared on BitcoinExchangeGuide. äàëüøå »

2021-11-22 16:21

Southeast Asia’s 2nd Largest Bank Doing “Serious” Work With Crypto to Address Customer Needs

Oversea-Chinese Banking CorpThe second-largest bank in Southeast Asia is considering setting up a crypto exchange in response to its customers’ needs. “We are looking at it, and seriously there are some work being done in the bank,” Chief Executive Officer Helen Wong told Bloomberg Television when asked if the bank is considering offering crypto services. äàëüøå »

2021-11-22 18:37

Crypto Has The Potential For Undermining the US Dollar And Destabilizing Nations, Says Hillary Clinton

Hillary Clinton says cryptocurrencies have the power to weaken fiat currencies and eventually entire countries. During a panel discussion at the Bloomberg New Economy Forum on Friday in Singapore, the former Democratic presidential candidate said the governments around the world are facing new challenges in terms of artificial intelligence, disinformation, and crypto. äàëüøå »

2021-11-20 20:33

NFL Fans Get Polygon-based Virtual Ticket NFTs In Place Of Ticket Stubs In Ticketmaster Partnership

Non-fungible tokens (NFTs) are becoming more commonplace as sports franchises embrace cryptographically-unique assets. The latest is the National Football League (NFL). Ticketmaster And NFL Release NFTs Powered By Polygon Network An announcement contained in a blog post by Ticketmaster noted that fans will now receive a virtual ticket featuring NFTs instead of the regular ticket […] The post NFL Fans Get Polygon-based Virtual Ticket NFTs In Place Of Ticket Stubs In Ticketmaster Partnership first appeared on BitcoinExchangeGuide. äàëüøå »

2021-11-20 20:00

There Are “Bigger Risks in Not Participating” in Crypto, says CEO of Australia’s Biggest Bank

Matt Comyn, Chief Executive Officer of Commonwealth Bank of Australia, says one of the most significant risks banks face regarding cryptocurrencies is FOMO, being left out of the market. While crypto assets are “very volatile and speculative,” banks need to trade them due to the insatiable demand from customers and be involved in the adoption […] The post There Are “Bigger Risks in Not Participating” in Crypto, says CEO of Australia’s Biggest Bank first appeared on BitcoinExchangeGuide. äàëüøå »

2021-11-20 17:41

RBA Official Involved in Crypto Since 2014, Fed Governor Says Stablecoin Shouldn’t Be Subject To The Same Rules As Banks

UBS Group’s Chairman says “governments will not tolerate” crypto becoming really big as the Joint Economic Committee chairman urges Congress to pass legislation to regulate it. The post RBA Official Involved in Crypto Since 2014, Fed Governor Says Stablecoin Shouldn’t Be Subject To The Same Rules As Banks first appeared on BitcoinExchangeGuide. äàëüøå »

2021-11-19 00:44

Gemini Exchange Planning To Raise $400 Million In New Funding Round, Valuation At $7 Billion

Cryptocurrency exchange Gemini plans to raise $400 million in a funding round that will see its valuation to about $7 billion. Gemini Joins League Of Crypto Firm Who Have Raised Their Valuation According to a report by Bloomberg, Gemini, co-owned by the Winklevoss twins (Cameron and Tyler), plans to take advantage of the current surge […] The post Gemini Exchange Planning To Raise 0 Million In New Funding Round, Valuation At Billion first appeared on BitcoinExchangeGuide. äàëüøå »

2021-11-18 17:21

DOJ Selling $56M Worth of Crypto to Compensate BitConnect Victims, Mt Gox Rehabilitation Plan Also Finalized

The timing and specific amount of the Mt. Gox repayments haven't been announced yet. Meanwhile, the DOJ describes the liquidation as the US's largest single recovery of crypto fraud. The post DOJ Selling M Worth of Crypto to Compensate BitConnect Victims, Mt Gox Rehabilitation Plan Also Finalized first appeared on BitcoinExchangeGuide. äàëüøå »

2021-11-18 22:53