South Koreans declare overseas crypto holdings worth $98.5 bln

Crypto held overseas constituted 70. 2% of the total value of foreign assets declared by South Korean nationals. The tax agency warned that individuals who break tax rules will face fines.

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Shifting sands: Japan and China’s decreasing holdings in U.S. treasury securities

Quick Take The U. S. Department of the Treasury publishes a monthly report known as the Treasury International Capital (TIC) report, which provides information on the holdings of U. S. Treasury securities by foreign countries.

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This is what the future holds for bankrupt crypto lender Voyager Digital

CFIUS will review transactions made by bankrupt crypto lender Voyager Digital Holdings Binance.com recently agreed to buy Voyager's assets for $1.022 billion The Committee on Foreign InvestmThe post This is what the future holds for bankrupt crypto lender Voyager Digital appeared first on AMBCrypto.

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Crypto Taxes Fall Under EU Lawmakers' Gaze

Some worry sharing information about foreign crypto holdings is unjustified snooping – but lawmakers also reckon blockchain technology could aid tax collection.

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The Dawn of a New Era

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South Korea crypto investors to report holdings in foreign exchanges

Like many other countries worldwide, the South Korean cryptocurrency industry has been facing major regulatory headwinds over the past few years. The country's regulators have recently tightened theirThe post South Korea crypto investors to report holdings in foreign exchanges appeared first on AMBCrypto.

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JPMorgan, DBS, and Singapore’s Temasek to Develop Blockchain Payment, Trade, & Settlement Platform

As part of a move to address the challenges with the current interbank settlement structure, JPMorgan Chase & Co. has joined forces with two Asian financial giants. The American giant is teaming up with Temasek Holdings and DBS Holdings to launch a blockchain-based platform to redefine value transmission for trade, payments, and foreign exchange settlement.

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JPMorgan Partners With Singapore’s DBS to Launch Blockchain-Based Payment Platform

Wall Street has become more accepting of cryptocurrencies and the blockchain in recent months. One of America’s biggest bank, JPMorgan has joined hands with Singapore’s Tamasek Holdings and DBS Group in a move to overhaul the blockchain-based foreign exchange and trade settlement for cross-border payments.

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South Koreans Are Required to Pay Taxes for Crypto Holdings in Overseas Exchanges, Authorities Warn

South Korean tax authorities are unstoppable in keeping crypto holders in their eyes and making them accountable to pay taxes. The National Tax Service (NTS) has issued a warning to the crypto traders that they have to report their earnings even from tokens held in foreign exchanges.

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SBI Looking for Crypto Joint Venture With Foreign Companies

Japanese financial conglomerate SBI Holdings Inc is holding talks with offshore financial firms to create a cryptocurrency joint venture. The CEO said the move is a result of the company’s plans to grow the business as a core pillar of profitability.

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SBI holds talks with top financial firms to start a crypto joint venture

SBI Holdings Inc. , a leading Japanese conglomerate, is mulling over entering into a cryptocurrency joint venture with multiple financial companies across the globe. A report unveiled this news on February 15, noting that the organisation has already started holding talks with several foreign financial firms.

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SBI Holdings in Talks with Foreign Firms to Start Crypto Joint Venture

Continue reading at Coinspeaker

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SBI looking to set up joint crypto ventures with foreign firms

SBI Holdings is reportedly considering mergers and acquisitions as a means of solidifying a potential deal.

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FinCEN Signals Intent to Enforce Disclosure of Offshore Crypto Holdings

In yet another blow to the cryptocurrency industry, the US Treasury has revealed plans to mandate the reporting of crypto holdings over $10K held with foreign digital currency service providers. FinCEN, an arm of the Treasury Department that oversees domestic financial laws’ enforcement, will implement the new rule when adopted.

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FinCEN Wants US Citizens to Disclose Offshore Crypto Holdings of Over $10K

The Financial Crime Network (FinCEN) enforces new guidelines for cryptocurrency users in the US. Digital asset owners will report to foreign financial or virtual asset service providers whether they own more than USD 10,000 worth of cryptocurrency.

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FinCEN to Impose New Regulation for Crypto Holdings at Foreign Exchanges

The Financial Crimes Enforcement Network (FinCEN) has announced that it will soon propose new regulation affecting cryptocurrency holdings at foreign exchanges. This proposal is separate from the one FinCEN recently proposed on cryptocurrency wallets.

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Venezuela Considers Counting Its Bitcoin and Ethereum Holdings Towards International Reserves

Venezuela could also use its crypto riches to fill up the dwindling foreign reserves      

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Op Ed: Should You File a Foreign Bank Account Report for Bitcoin Holdings?

I had the opportunity to participate on a legal panel with David Silver at the Unconfiscatable: Bitcoin Not Blockchain Conference put on by Tone Vays in Las Vegas.

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Bitwage Service Adds Payroll Tax Payment Funding Options for U.S. Businesses

Cryptocurrency payroll service Bitwage has partnered with Texas-based payroll and Human Relations firm Simply Efficient HR to help companies fund W2 Employees and payroll tax payments using crypto.

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Gemini and Paxos Both Launch Stablecoins on Ethereum Blockchain

Two crypto companies, Gemini Trust and Paxos, got a green light from a New York state regulator to launch their own stablecoins pegged 1:1 to the U. S. dollar.   New York Department of Financial Services (NYDFS) gave an okay to Gemini Trust, the crypto exchange founded by the Winklevoss twins, to launch Gemini Dollar (GUSD).

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