Category: Property

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Alternative Investments Like Crypto Form Half of Russian Non-Qualified Investors’ Portfolios

December 2, 2021

Investments in alternative assets such as cryptocurrencies account for over half of the portfolio of non-qualified Russian investors, a recently held survey has indicated. Almost half of them consider digital currencies like bitcoin as a potential hedge. Cryptocurrencies Outperform Traditional Currencies and Stocks in Russia Alternative investments like crypto, real estate, and antiques constitute more…
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Finance Committee Approves Legislation Delaying Crypto Tax in South Korea

November 30, 2021

Changes meant to postpone the introduction of a tax on virtual assets such as cryptocurrencies in South Korea have been approved by an important parliamentary committee. The draft legislation seeks to delay Seoul’s plan to impose a 20-percent levy on gains from crypto transactions. Ahead of Election, Major Parties Support Tax Break for Crypto Investors…
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Russia’s Prosecutor General Wants Cryptocurrency Recognized as Property Under Criminal Law

November 18, 2021

The Prosecutor General’s Office of Russia has proposed to define cryptocurrency as property in the country’s Criminal Code. Decentralized digital money has already been qualified as such in the provisions of several other laws although various aspects of cryptocurrencies remain unregulated. Prosecutors in Russia Draft Legislation Granting Cryptocurrency Property Status The Prosecutor General’s Office of…
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NYC Real Estate to Record a Bitcoin-Exclusive Deal

November 17, 2021

Development and property management firm Magnum Real Estate Group is selling a set of retail condos in New York City for USD 29m exclusively in bitcoin (BTC), the latest sign that BTC is gaining wider adoption among various industries. The NYC property, located at 385 First Avenue in the upper East side of Manhattan, consists…
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Business Giant Hankook Readies Crypto, NFT Move

November 12, 2021

Hankook Technology, a South Korean conglomerate and part of the business group that comprises one of the world’s largest tiremakers (Hankook Tire & Technology), has announced that it is branching out into crypto and non-fungible tokens (NFTs)…. Read More: Business Giant Hankook Readies Crypto, NFT Move  Read more »Pay, Trade, Buy Bitcoin with Credit Card

Court Extends Detention of Finiko Pyramid Founder Doronin and His Right-Hand Man

September 25, 2021

A court in Tatarstan has extended the detention of Kirill Doronin, founder of Russia’s largest Ponzi scheme in recent times, Finiko. Doronin will spend at least two more months in custody as authorities fear he could hide from law enforcement. Ilgiz Shakirov, vice-president of the crypto pyramid, remains under detention as well. Finiko Mastermind Doronin…
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Russia Not Ready for Bitcoin as Legal Tender, Putin’s Spokesman Peskov Says

September 9, 2021

Russia has no reason to recognize bitcoin, President Putin’s press secretary has noted after El Salvador became the first country to adopt the digital coin as legal tender. In a statement to the press, Dmitry Peskov revealed he is convinced that such a move would not bring any benefits to the Russian Federation. Kremlin Not…
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