Shun Otokita. Sourse: a screenshot, Instagram/otokitashun A Japanese lawmaker has challenged the government on its crypto tax rate policy, claiming that the current rate of taxation on crypto-related profits is “too high” – claiming that “investors are moving their money overseas” rather than pay Japanese taxes. Per a report from media outlet Coin Post, the…
Read more
An American law firm has filed a series of ambitious class action lawsuits against some of the biggest crypto exchanges and token issuers in the world, accusing them of selling unlicensed securities without brokerage or dealer licensing certification and market manipulation. (Updated at 17:36 UTC: updates in bold). In a press release, legal firm Roche…
Read more
After a slight delay due in part to the coronavirus outbreak, the Japanese government has green-lighted two new legal crypto exchange-specific amendments to existing financial acts, paving the way for new banking regulations and cold wallet requirements. The new laws will also potentially pave the way for the launch of Japan’s security token offerings (STOs)…
Read more
Crypto Briefs is your daily, bite-sized digest of cryptocurrency and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. Adoption news London-based international money transfer service Azimo and Thailand’s Siam Commercial Bank (SCB) have partnered up and announced a new service delivering cross-border payments into Read more »Pay, Trade, Buy…
Read more
Major crypto exchange Binance confirmed that it has acquired CoinMarketCap, adding that the biggest crypto market data provider will continue to be run as an independent business entity. Both companies did not disclose any other details of the deal, which is said to be valued at up to USD 400 million. Brandon Chez, the founder…
Read more
The United States is "largely compliant" with recommendations around digital assets, but issues remain, says multi-government regulator whose recommendations are recognised as the global anti-money laundering (AML) and counter-terrorist financing (CTF) standard. The Financial Action Task Force (FATF) published a report in which they review the United States’ AML Read more »Pay, Trade, Buy Bitcoin…
Read more
Source: Adobe/Hugh O’Neill Either more Spanish citizens than ever before traded in cryptoassets in the past financial year or the country’s tax authorities have become more adept at monitoring citizens’ crypto-related activities. That appears to be the takeaway after Spanish tax authorities said that they were set to send out over four times as many…
Read more
Crypto Briefs is your daily, bite-sized digest of cryptocurrency and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. Adoption news Boerse Stuttgart Group’s crypto app BISON, launched more than a year ago, has hit the 100,000 active users mark. The press release states that the number of active users…
Read more
Major crypto exchange Binance is in the final stages of talks to acquire the biggest crypto market data provider CoinMarketCap for up to USD 400 million, The Block reported, citing undisclosed people familiar with the matter. CoinMarketCap’s ability to drive a significant amount of traffic is one of the major reasons for the acquisition, while…
Read more
NXC, the South Korean operator of the Bitstamp and Korbit cryptocurrency exchanges, has launched a new crypto subsidiary, with plans to open a third trading platform. NXC is the holding company of gaming giant and business group Nexon, and officially unveiled its new Arques subsidiary on March 31, with a view to opening a new…
Read more
