Crypto lender, Nexo, in litigation for months with the Securities and Exchange Commission (SEC) and various regulators in several US states about its high-yield savings offer, “Earn Interest Product”, gives up. More precisely, to settle his dispute, he agreed to open his wallet, to the tune of 45 million dollars, and to no longer offer … Read more
Federal authorities on Wednesday arrested the founder of Bitzlato, a cryptocurrency exchange they say was a financial haven for Russian-aligned criminals engaged in ransomware and illicit drug sales on the dark web. Anatoly Legkodymov, a 40-year-old Russian national residing in Shenzhen, China, was arrested in Miami on Wednesday, US prosecutors said. Prosecutors alleged that under … Read more
NFTs fall into line – So it goes taxation like regulation. Each year brings its share of novelties and changes in the consideration of cryptocurrencies. From one country to another, Bitcoin (BTC), stablecoins or even NFT are not subject to the same obligations. Of the’Germany to United States, each government is dealing with this new … Read more
India’s finance minister has warned investors against cryptocurrency as the country’s Enforcement (ED) Directorate investigates a number of crypto exchanges and freezes the assets of some trading platforms. trade. Indian finance minister warns against crypto Indian Finance Minister Nirmala Sitharaman reportedly warned against cryptocurrency on Saturday at an event organized by the BJP’s economic cell. … Read more
It’s official: Ukraine’s Ministry of Digital Transformation used cryptocurrencies and non-fungible tokens (NFTs), even CryptoPunks, in an effort to fund its military and humanitarian aid. The use of cryptocurrencies by the army When the war in Ukraine started, many organizations as well as individuals decided to use cryptocurrencies in order to support the efforts of … Read more
If you sold cryptocurrencies in 2021, you must report your earnings to the tax authorities, if you sold “NFTs” as well. The point on the declarations that you must complete. Pending the tax reform which will come into force on 1er January 2023, the gains you made in 2021 from the occasional sale of digital … Read more
The structure of banking and financial intermediation has changed profoundly in recent years, to adapt to the transformations resulting from the deregulation and liberalization of the industry.The financial crisis, particularly that of 2008, marked a strengthening of ex-post international financial regulations, which were more restrictive and led to the development of “shadow banking” or “shadow … Read more
Amitabh Bachchan, a Bollywood star, is said to be the first Indian to embrace NFTs. As a pioneer, it was easy for him to achieve a high revenue NFT India sale. Unfortunately, the tax authorities do not want to give him the chance to take full advantage of his profits. A nice jackpot from an … Read more