The Financial Conduct Authority (FCA) has issued a public warning against an investment firm promising high
returns on cryptocurrency trading.
Not exact matches
«We suggest that traders who are new to
cryptocurrency trading try another, more straightforward platform first and
return to Bitfinex later,» Bitfinex Management said in a statement posted
on their website.
The TSSB details that the firm's website and promotions have allegedly been making deceptive and misleading statements when soliciting Texas residents - promising 20 to 100 percent
returns on investments within one to three months through the firm's
cryptocurrency mining and
trading services.
In 2018,
cryptocurrencies like bitcoin will be utilized for international
trade on a moderate basis because the high
returns as an investment will encourage a «hold» strategy for G7 countries.
As the CoinDash vision keeps
on shining with a deep belief of
returning to back to
trading in future we can not undermine the level of jeopardy involved in the
cryptocurrency business.
Because it has substantial evidence that
cryptocurrency investors have been making capital gains
on their virtual currency
trades and not properly reporting them
on their tax
returns.
Fees accrued for
cryptocurrency trades in 2017 must be listed separately
on a Schedule A form attached to your
returns, assuming you itemize your deductions.
Now, trying to tame the wave of wild
cryptocurrency speculation in the country, South Korea is imposing
trade bans for minors and looking for ways to impose taxes
on investment
returns.
Pinkcoin, a philanthropy coin which allows investors to both donate to charity and to earn a
return on their investment, is listed
on major
cryptocurrency exchanges and has performed well in comparison to other commercially
traded digital currencies.
Crypto investors will be liable to pay a 7 % value added tax (VAT)
on all of their
cryptocurrency trades as well as a 15 % capital gains tax
on their
returns.
The price of Bitcoin has
returned to growth following the backpedaling by the South Korean government
on its previously reported plan to ban
cryptocurrency trading, market data shows.