In the meantime, private individuals in the Russian Federation are not free from the obligation to inform tax authorities on their income
from cryptocurrency operations.
In order to create an effective mechanism for stimulating the market of cryptocurrency in Ukraine, the logical step is the exemption from taxation of profits of enterprises... Income
from cryptocurrency operations should not be included in the calculation of the total monthly (annually) taxable income, and transactions with cryptocurrency and mining crypto goods are classified as transactions that are not subject to taxation.
The bill seeks to amend the tax code of Ukraine to exempt the profits from the purchase and sale of cryptocurrencies and their derivatives as well as revenues
from cryptocurrency operations and from mining.
Not exact matches
Earlier that day, the Bank of Russia's first deputy chairman Sergey Shvetsov proclaimed that, «We consider all
cryptocurrency derivatives to be a negative development on the Russian market,» explaining that the bank intends to «restrict potential
operations with such instruments made by the regulated part of the Russian market» and to inhibit external actors
from making such assets available to the Russian public by preventing access to their websites.
The first known North Korean
cryptocurrency operation occurred in February 2017, with the theft of $ 7 million (at the time) in
cryptocurrency from South Korean exchange Bithumb.
Bitcoin Conference Kiev - a meeting place of the best experts of
cryptocurrency industry
from around the world to share experiences and knowledge about Bitcoin
operation and to discuss why this virtual «coin» stands a good...
Two Japanese
cryptocurrency exchanges are reportedly quitting their
operations amid tighter oversight
from authorities following the Coincheck hack, which saw the theft of $ 530 million in January.
PLATTSBURGH The Plattsburgh Common Council last Thursday passed a moratorium that will temporarily halt new commercial
cryptocurrency operations from moving into the city for the next 18 months.
ROUSES POINT The Village of Rouses Point is temporarily prohibiting
cryptocurrency miners
from setting up shop within village limits until digital currency
operations can offer more benefits to its residents.
The governor iterated that the government should not consider South Korean investors as «foolish and insane» speculator, but instead regulate the
cryptocurrency market to prevent false information and fraudulent
operations from affecting local investors.
Not Secure Enough In the face of tightening regulatory oversight
from the country's authorities, two additional Japanese
cryptocurrency exchanges are ceasing
operations — bringing the total number of closed
cryptocurrency exchanges to five.
Wary of the risks of dealing with
cryptocurrencies, banks are backing away
from using virtual coins in their
operations.
We offer these companies IBAN accounts for fiat and
cryptocurrencies they can use and benefit
from both types and it really streamlines their
operations.
Much like multinational corporations (MNC) with large overseas
operations, miners of
cryptocurrency networks as a whole do not measure the income they receive in terms of bitcoins (or other discrete
cryptocurrencies), but instead they measure their income in terms of «fiat»
from foreign financial markets, specifically converting bitcoins into the local fiat currency where their mining
operation physically resides.
CnLedger, a Chinese
cryptocurrency news source has confirmed that while having a word with Huobi and OKcoin, the representatives said that unlike BTCC they have not received any directives
from the Chinese regulators to shutdown their
operations.
Following one of the largest hacks in the history of
cryptocurrency, Japanese
cryptocurrency exchange Coincheck has announced that it will comply with an order
from Japan's Financial Services Agency to improve its business
operations.
The first known North Korean
cryptocurrency operation occurred in February 2017, with the theft of $ 7 million (at the time) in
cryptocurrency from South Korean exchange Bithumb.
According to RT, Russian businessman Aleksey Kolesnik has all but confirmed buying two power stations for
cryptocurrency mining
operations in the future — citing a report
from local newspaper Kommersant.
This news closely followed the recent announcement
from Russian Miner Coin (RMC) which plans to raise $ 100 million worth of
cryptocurrency and start a large - scale bitcoin mining
operation to compete with China.
The investigation, according to the report, follows a previous mandate
from financial watchdogs in South Korea that domestic
cryptocurrency exchanges may only resume
operation with a real - name verification system integrated with domestic banks.
In addition, it is not necessary to declare
cryptocurrency profits and income
from their
operations since they are tax - free until January 1, 2023.
In the face of tightening regulatory oversight
from the country's authorities, two additional Japanese
cryptocurrency exchanges are ceasing
operations — bringing the total number of closed
cryptocurrency exchanges to five.
The CEO of Binance, currently the world's largest
cryptocurrency exchange by trading volume, has hit back at reports that the exchange is to receive a warning
from Japan's financial regulator over its
operations in the country.
The Spanish tax agency has launched a campaign to gather information
from practically its entire financial system on accounts and
operations with
cryptocurrency.
Each cycle can only occur based upon creating profits
from the trading
operations and will be managed by 3 professional traders who have years of experience in the
cryptocurrency space.
MoonLite is a
cryptocurrency mining company that allows anyone to contribute — and profit —
from an industrial scale mining
operation.
According to a recent tweet, Chinese regulators have also demanded
from all
cryptocurrency exchanges to choose a date to close their
operations.
Lightcash has developed the first entirely legally compliant decentralized exchange for
operations with
cryptocurrencies, fiat currencies and the Lightcash Coin secured by real gold mined
from gold deposits in Russia.
There are 32
cryptocurrency exchanges already in
operation and at least 100 more waiting on registration
from Japan's Financial Services Agency (FSA).
Mining Hydro - Quebec, the largest state - owned utility in Canada, appears unable to meet the electricity demand
from cryptocurrency miners seeking to establish
operations in the energy - rich province.