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Personal income tax does not apply to cryptocurrency gains in Portugal. Transactions on a foreign crypto exchange may be subject to cross-border taxes. #EXPERT_BLOG Go to Source Powered by WPeMatico
According to multiple reports back in October and December of last year, it was said that the financial institution Goldman Sachs had plans to create a bitcoin trading desk. Now a month later, Lloyd Blankfein, the CEO of the firm, says the reports are “not true” speaking at the World Economic Forum in Davos this … Read more
Crypto markets have dropped significantly from their highs in December, leading many pundits to call this a burst bubble. But let’s see what’s really been happening over the last month. #ANALYSIS Go to Source Powered by WPeMatico
Danish unions have vowed to fight Nordea’s Bitcoin ban if the bank uses it as grounds to fire employees. #NEWS Go to Source Powered by WPeMatico
The South Korean government has officially released two sets of previously promised guidelines that specify cryptocurrency regulatory measures. In addition to details of the new real-name system to end anonymous trading of cryptocurrencies, the government also published its anti-money laundering guidelines for banks providing services to cryptocurrency exchanges. Also read: Cryptocurrency Activities Will Be Legal and … Read more
UBS Chairman Weber advises against crypto investing for individual, or “Main Street,” investors, wants no blame placed on banks in the event of a future crash. #NEWS Go to Source Powered by WPeMatico
South Korean card companies are reportedly working on blocking payments to overseas cryptocurrency exchanges. Currently, 20 major crypto exchanges are blocked but that number is expected to increase, according to the Korean Credit Finance Association. Also read: South Korean Officials Caught Trading On Insider Knowledge of Crypto Regulations Blocking Payments Overseas South Korean card companies have … Read more
Bitcoin exchanges are under fire in India, as many of the nations top banks have suspended or greatly curtailed functionality on exchange accounts. #NEWS Go to Source Powered by WPeMatico
Income from crypto account fees for South Korean banks soars, 36 times higher than in 2016 #NEWS Go to Source Powered by WPeMatico
South Korean banks have been providing virtual account services to cryptocurrency exchanges and earning commissions from them. According to data obtained by the country’s Financial Supervisory Service, banks made 36 times more in commission income from crypto exchanges last year than the previous year. Also read: South Korean Officials Caught Trading On Insider Knowledge of Crypto … Read more
