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3 Common Cryptocurrency Tax “Loopholes” and Why They Don’t Work
Can you take advantage of tax loopholes to avoid paying taxes on your digital currency exchanges? See three of the most common ones and why they don't work. The post 3 Common Cryptocurrency Tax “Loopholes” and Why They Don’t Work appeared first on CoinCentral. дальше »
2024-5-31 15:32 | |
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Biden’s 2025 budget targets crypto tax loopholes, expands digital asset oversight
The Biden administration released its proposed budget for 2025 on March 11, which includes provisions to implement a series of regulatory measures targeting digital assets. The proposed rules are expected to generate nearly $10 billion in additional tax revenue by 2025. дальше »
2024-3-12 01:28 | |
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Is Portugal Europe’s Crypto Tax Heaven? Legal Expert Shares Insights and Loopholes
Portuguese Tax Lawyer delves into Portugal’s updated Crypto Tax Law for 2023, shedding light on new tax exemptions, the treatment of crypto transactions and NFTs, and strategies like tax-loss harvesting that benefit crypto investors in Portugal. дальше »
2023-11-1 20:21 | |
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US tightens grip on AI chip export to China amid escalating tech battle
The United States Government is contemplating shutting down Chinese companies’ access to American artificial intelligence (AI) chips, Reuters reported on Oct. 13. The Biden administration aims to close loopholes allowing Chinese companies to acquire American AI chips via overseas subsidiaries. дальше »
2023-10-13 15:15 | |
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Biden Targets ‘Crypto Loopholes’ in Speech Outlining Economic Vision
In a June 29 speech outlining his economic vision, President Biden took aim at tax loopholes for crypto traders as he set forth his vision of how to make America fairer. The post Biden Targets ‘Crypto Loopholes’ in Speech Outlining Economic Vision appeared first on BeInCrypto. дальше »
2023-7-1 18:04 | |
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Biden extols economic progress in Chicago speech, again criticizing “loopholes for crypto traders” in U.S. tax code
President Joe Biden has once again commented on the need to close crypto “loopholes” while touting his economic policies. Speaking in Chicago, President Biden shared his economic vision for America in what he claimed had been dubbed by legacy media outlets, “Bidenomics. дальше »
2023-6-30 18:45 | |
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US president Biden hints at crypto regulation in latest speech
US President Joe Biden pointed out the loopholes in the crypto industry at the Bidenomics in Chicago, Illinois, on June 28. In the first part of his speech, the US president emphasized the country’s infrastructure and the creation of 13.4… дальше »
2023-6-29 11:54 | |
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Crypto Community Reacts: Twitter Backlash to Senator Warren’s New Stance
US Senator Elizabeth Warren said she has a crypto bill designed to "close loopholes and apply common-sense rules to the industry." The post Crypto Community Reacts: Twitter Backlash to Senator Warren’s New Stance appeared first on BeInCrypto. дальше »
2023-6-4 19:00 | |
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Dubai calls for more collaboration between watchdogs to combat scams
Dubai’s Financial Services Authority (FSA) has called for more communication and collaboration between global financial regulators to make it harder for rogue actors to exploit crypto regulatory loopholes across various jurisdictions. дальше »
2023-5-26 12:38 | |
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Biden opposes agreement that could protect “tax cheats and crypto traders”
U.S. President Joe Biden expressed opposition to a proposal that could result in low taxes for crypto investors, The Hill reported on May 21. Biden wants to cut crypto tax loopholes Following a G7 summit in Hiroshima, Japan, Biden said: “I’m not going to agree to a deal that protects wealth tax cheats and crypto […] The post Biden opposes agreement that could protect “tax cheats and crypto traders” appeared first on CryptoSlate. дальше »
2023-5-22 00:40 | |
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Biden’s proposed $18b crypto tax leaves unanswered questions
The president of the United States, Joe Biden, recently claimed that the government is losing $18 billion due to cryptocurrency tax loopholes. дальше »
2023-5-11 18:02 | |
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Biden calls for end to tax loopholes that benefit ‘wealthy crypto investors’
U. S. President Joe Biden called for an end to unspecified crypto tax rules on May 9. On Twitter, Biden posted an infographic that read: “We think Congress should cut tax loopholes that help wealthy crypto investors. дальше »
2023-5-10 01:29 | |
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Elizabeth Warren working on bipartisan bill to tackle crypto money laundering
United States Democratic Senator Elizabeth Warren is teaming up with Republican Senator Roger Marshall to work on a bipartisan bill that will introduce new legislation to close loopholes in the financial system that allow digital assets to be used for money laundering. дальше »
2022-12-14 16:52 | |
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FTX saga continues as this Committee Chair insists on getting SBF's testimony
Committee Chair Maxine Waters stated that she expects SBF to testify before the House committee Australian Regulatory body accused FTX Australia of exploiting loopholes to get licensed As moThe post FTX saga continues as this Committee Chair insists on getting SBF's testimony appeared first on AMBCrypto. дальше »
2022-12-7 05:30 | |
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FTX stake in US bank raises concerns about banking loopholes
The chairman of the rural bank, Jean Chalopin, also happens to be the chairman of Deltec Bank, which has Tether and Alameda both on its client list. дальше »
2022-11-26 15:15 | |
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Republican lawmaker claims SEC chair was coordinating with FTX ‘to obtain regulatory monopoly’
Minnesota Representative Tom Emmer did not provide any evidence to his claim that Gary Gensler was “helping SBF and FTX work on legal loopholes” but said he was looking into the matter. дальше »
2022-11-11 22:30 | |
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BNB Chain to Perform a Hardfork on Wednesday to Fix the $100M Exploit
BNB Chain has announced a hard fork upgrade to fix the loopholes that drained an estimated $100 million on October 6, 2022.f BNB Chain Hardfork Announcement BNB Chain previously known as Binance Smartchain announced an occurrence of a significant radical… дальше »
2022-10-12 04:00 | |
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EU officials reach agreement on AML authority for supervising crypto firms
“We are putting an end to the wild west of unregulated crypto, closing major loopholes in the European anti-money laundering rules,” said European Parliament member Ernest Urtasun. дальше »
2022-6-30 00:32 | |
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No More Fragmented Crypto Rules, SEC Chief Confirms Formal Talks With CFTC
In a recent interaction with the Financial Times, US Securities and Exchange Commission Chair Gary Gensler remarked that a unified approach by financial agencies can ensure that a fragmented regulatory framework doesn't provide loopholes for crypto players. дальше »
2022-6-26 13:01 | |
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SolidProof Set to Make Its Auto Audit Tool Available For Users
SolidProof, a German-based security company designed to provide the tools needed to find and fix any security and stability loopholes in rising businesses, has unveiled plans to make its newly released Auto Audit Tool available for users. дальше »
2022-4-15 19:59 | |
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YellowMoon: An Emerging Crypto Exchange With Focus on Speed, Security, and Anonymity
With concerns to contribute to the development of the digital ecosystem across cryptocurrency and blockchain, YellowMoon has expanded the business while finding its way to the crypto industry to tackle certain loopholes with crypto exchanges within the digital ecosystem. дальше »
2022-3-10 17:02 | |
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Solidproof Secures Licences for Its Auto Audit Tool Solution
Solidproof was over the moon after it obtained licenses for its auto audit tool, which can take the DeFi auditing to a whole new level. The newly launched tool introduced advanced code analysis that is more efficient considering it can detect loopholes and inefficiencies than manual tests. дальше »
2022-3-4 15:13 | |
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Approximately $34 Million In BTC, ETH Now Washed Off Crypto.com, Exchange Vows To Tackle Loopholes, Reimburse Victims
Close to 500 Crypto. com accounts were accessed, bypassing owner 2FA. Crypto. com computes total losses at 443. 93 BTC and 4,836. 26 ETH, including other cryptos worth $66,200. Extra security layer now added as the Staples Center sponsor reimbursed users and bore all losses totalling $33. дальше »
2022-1-20 16:24 | |
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ASGARD DAO launches new era in decentralized finance
Asgard DAO was launched on BSC on 10th December as a platform that would mirror the possibilities of Defi 2.0 and fix up the loopholes currently derailing the Defi space. Asgard’s launch aims toThe post ASGARD DAO launches new era in decentralized finance appeared first on AMBCrypto. дальше »
2021-12-30 10:00 | |
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Polars (POL) Blockchain-Based Prediction Marketplace Launches on HECO Chain
Multi-chain prediction marketplace Polars has announced the launch of its mainnet on HECO Chain and the Binance Smart Chain. Polars is aiming to fix the loopholes in the prediction marketplace industry and give users a whole new experience. дальше »
2021-11-24 15:00 | |
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DeFi Hack: Vee Finance Losses $35 Million To Hackers Following Mainnet Launch
One of the major threats to businesses online, not only the crypto industry, is cybercriminals’ attacks. Even though the existing networks are supposed to be safe and secure, attackers often find loopholes to exploit them in the bid to steal investors’ funds. дальше »
2021-9-25 04:00 | |
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THORChain hit by another exploit; loses up to $7.6M
With the emergence of cryptocurrencies, also came a corresponding rise in ransomware attacks. Several security loopholes in the cryptocurrency space in general, and smart contract platforms in particuThe post THORChain hit by another exploit; loses up to $7.6M appeared first on AMBCrypto. дальше »
2021-7-16 10:17 | |
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Be warned! Hackers are abusing API keys and stealing your funds
Cybercriminals always find a way to exploit the loopholes present in the cryptocurrency market. As the blockchain space is gaining more interest and popularity, the technology is advancing at an unbelievable pace, leading to more complexity and a chance of error. дальше »
2021-6-13 19:25 | |
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ECB President Calls for Unified Global Regulation of Bitcoin
Christine Lagarde, the President of the European Central Bank (ECB), has said that there was a need for global regulation of bitcoin, as a unified cryptocurrency regulation would serve as a better alternative to cover any loopholes. дальше »
2021-1-14 00:00 | |
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US Treasury Proposal Applies Travel Rule to Crypto
The US Treasury Financial Crimes Enforcement Network (FinCEN) released a proposal that aims to close loopholes regarding the movement of digital assets. In the announcement on the release, FinCEN also requested input from the public. дальше »
2020-12-21 22:57 | |
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DigiByte-Powered MyDigiPassword Offers Hack-Proof User Credential Solution
The security loopholes of popular micro-blogging platform Twitter were exposed last night as a perpetrator/group of perpetrators promoting a bitcoin scam breached the accounts of numerous influential personalities, including Elon Musk, Jeff Bezos, and Joe Biden, among others. дальше »
2020-7-16 15:56 | |
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World Economic Forum to Tackle Corruption In Public Procurement Across Colombia Using Ethereum’s Blockchain
Global public procurement consists of over ten trillion dollars in expenditure but close to 10-30 percent of this money is swallowed up by corruption; something the WEF seeks to solve. The process offer tenders have switched from manual systems to a digital system to increase accountability, but certain loopholes still exist in the chain. The […] дальше »
2020-6-18 21:28 | |
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ETH 2.0: What are the sticking points behind the delayed launch?
With Bitcoin's halving now behind us, all eyes in the crypto-community are on the launch of ETH 2. 0. 'Will it launch anytime soon?' 'Will it really address all the loopholes in ETH1,' and many other qThe post ETH 2. дальше »
2020-5-15 20:30 | |
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For Bitcoin investors, can loopholes in tax regulation be a blessing?
Cryptocurrencies like Bitcoin have seen its adoption grow significantly in the past few years. The increase in regulatory clarity and the easy access to on-ramps has been a catalyst that has enabled mThe post For Bitcoin investors, can loopholes in tax regulation be a blessing? appeared first on AMBCrypto. дальше »
2020-4-27 19:00 | |
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North Korea may have exploited KYC loopholes to launder $100M in crypto
North Korea has been subject to a Financial Action Task Force [FATF] call to protect the international financial system from the ongoing risk of money laundering and terror financing for a long time nThe post North Korea may have exploited KYC loopholes to launder $100M in crypto appeared first on AMBCrypto. дальше »
2020-3-14 10:48 | |
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U.K. FCA Orders Epayments Systems to Halt Operations Due to AML Concerns
The Financial Conducts Authority (FCA), the United Kingdom’s financial watchdog, has ordered Epyments Systems Limited, a licensed electronic money institution founded in 2011, to halt its operations until it fixes the loopholes in its anti-money laundering (AML) procedures, according to a statement by the firm on February 11, 2020. дальше »
2020-2-13 11:00 | |
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Anchorage’s Maker Voting System To Give Institutions Say On Stability Fees
Decentralized governance has faced a series of teething problems: hackers can exploit loopholes in the codebase; community agendas can be hijacked by a vocal minority of trolls and spammers; many on-chain initiatives suffer from rock bottom voter turnouts. дальше »
2019-10-24 17:00 | |
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ING Bank Fixes Security and Privacy Loophole in Corda Blockchain
ING Bank, a Dutch multinational banking and financial services corporation that has been exploring the potential of distributed ledger technology (DLT), has patched the security and privacy loopholes present in R3’s Corda blockchain platform by applying zero-knowledge proofs (ZKPs) to Corda’s notary service, according to reports on October 23, 2019. дальше »
2019-10-24 09:30 | |
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Regulatory Heat of Facebook’s Crypto Coin Hasn’t Broken The Spirits Of Libra Association Members
When organizations were joining Libra, they knew that the project is not going to be easy, especially considering the regulatory loopholes that the organization was going to have to overcome. Things got a bit dire recently and there were a few three of the firms expressed concerns over being seen to be linked to the […] дальше »
2019-8-28 20:40 | |
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France sticks to its unilateral ‘Google tax’ — even though Trump is pissed
French President, Emmanuel Macron, has started turning up the heat before this weekend’s G7 summit. At a press meeting yesterday, Macron stuck to France’s policy of upping taxes on big tech, calling the system which provides companies with a “permanent tax haven status” simply “crazy,” The Local reports. дальше »
2019-8-22 12:10 | |
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Israeli Bitcoin Investors Are Not Able To Pay Their Taxes Due to Banks Not Accepting Crypto Deposits
The lack of regulation around the crypto world creates some very curious loopholes. One of them can be seen right now in Israel as investors are currently unable to pay their own taxes because the banks are not accepting deposits with money that was somehow obtained using cryptos. Local investors are willing to pay their […] дальше »
2019-8-6 21:40 | |
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Trump Administration Hates Bitcoin but Fine with Off-Shore Tax Havens?
For all the damning rhetoric about Bitcoin and its use in enabling money laundering spewed from the Trump administration of late, you would think that those closest to the President have never dreamed of exploiting loopholes to avoid paying tax. дальше »
2019-7-26 00:00 | |
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Bitcoin ATMs Expose Loopholes in EU’s Anti-Money Laundering Laws, Claims Spanish Police
In an effort by Spanish law enforcement agencies to nail a criminal gang that has been utilizing Bitcoin ATMs to send about $10 million to drug dealers in Colombia and other nations, has exposed the glaring loopholes that exist in the EU's anti-money laundering laws. дальше »
2019-7-12 00:59 | |
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