Today, Israel has imposed further restrictions on the usage of cash for payment. The aim is to reduce the case of illegal activities and increase the usage of digital payment options. Israel Government Pushing Citizens To Embrace Digital Payment In January 2019, the government subjected Israeli consumers and businesses to cash payment limits. It also…
The latest report shows South Korea has decided to delay its crypto tax implementation. The government had initially issued a 20% crypto tax that will become effective next year January. However, the government has delayed the date until 2025. South Korea Delays 20% Crypto Tax Till 2025 Officials of the state announced the postponement on…
According to reports, major crypto trading platform, Huobi has secured more operating licenses. The crypto firm has now expanded to Dubai and New Zealand. On June 17th, Huobi Group obtained an Innovation License to operate in Dubai. This was after registering with the Dubai International Financial Centre (DIFC). Lily Zhang, the Chief Financial officer of…
Ron Wyden, a Democratic Senator, is investigating the activities of crypto firms that are taking advantage of the tax incentives they are offered by the Opportunity Zone program. The main concern of Senator Wyden is the perception that some of these companies could be exploiting what he referred to as the lack of transparency measures…
Crypto tax law proposed in Iran by the Iranian National Tax Administration (INTA) which plans to generate tax from the cryptocurrency exchanges doing business in the territories of Iran. INTA also urges the Iranian Government to legalize crypto exchanges, their services, and activities on the pretext that the restrictions may substantially reduce the targeted tax….
Crypto adoption is at its peak in Scotland as well and is now also is actively accepted as a mode of payment by several medium and large enterprises. A famous Glasgow-based roofing company has told that a large number of its customers are willing to pay the dues in the form of digital currencies. The…
UK pizza lovers’ dreams have come true. Now they have equal opportunity to eat their most favorite pizza from Papa John’s while winning a Bitcoin as well. Only those will win a chance to earn a Bitcoin who have spent at least £30 or above. Papa John’s pizza is a pizza brand hailing hailed from…
Half of the American population are totally unwary of cryptocurrencies and especially Bitcoins, while the other half is divided into two categories namely those who are familiar but can’t describe and secondly those who fully understand, reveals Harris Poll’s findings. A newly carried out survey has revealed that still there is a majority of people…
Miners, as well as traders at Ethereum, earned US$ 1.7 Million in the shape of profits within the past 48 hours because of the integration of new software called, Maximal Extracted Value (MEV). Ethereum Blockchain network is better and more advanced than any other prevailing network. In addition, it is one of the most vibrant…
