El Salvador, a country in Central America that is truly addicted to bitcoin and after the El Salvador Legislature adopted Bitcoin as legal currency in 2021, El Salvador was recorded as the first country to do so. El Salvador’s president, Nayib Bukele, believed that Bitcoin would be the key to support Salvadorans and their economy […]
Cryptocurrency tax is a topic that is of great interest to many countries that accept cryptocurrency around the world and are making efforts to establish clear regulations on this special tax. Typically the United States, England and Canada are countries that accept cryptocurrency and paying taxes on cryptocurrency is mandatory, so citizens of these countries […]
Those familiar with cryptocurrency will know how much hostile China has shown towards cryptocurrency. This country has maintained a hostile relationship with its crypto industry since 2013, when it rolled out its first set of crypto restrictions and till 2021, with a ban of trading and mining crypto, China has been notorious as the country […]
From the time it appears, cryptocurrency has become an extremely effective tool for crimes and money laundering, the main reason is that the law on how to use cryptocurrency is still ineffective. We all know that it calls itself a “currency” but all countries which accept cryptocurrency just see it as digital assets that can […]
Recently, The State Securities Commission of Vietnam announced that it is exchanging information with Binance to collect more information about crypto currency and trading methods. Due to the announcement of The State Securities Commission of Vietnam in 2017 that it was assigned by the Ministry of Finance to preside over and coordinate with ministries and […]
Recently, Thailand’s government proposed a regulation about tax income from foreign assets, including crypto from any person who resides in Thailand for up to 180 days. Following the previous regulation, only foreign income remitted to Thailand in the year of earning was taxed. The new rule closes this loophole and will oblige an individual to […]
“ … Financial history has shown that, if you leave them to their own devices, they won’t respect client money” a CEO of a global online investment platform said, warning that the murky lines between regulations in the crypto industry mean that customers must be extremely cautious about where they stash their money. When we […]
CBDCs, or Central Bank Digital Currency, is a digital version of fiat currency issued by a central bank of a nation. It is a digital or virtual currency that is regulated by a central bank and is usually backed by the government’s reserve assets. CBDCs are designed to be a more efficient and secure way […]
Why Countries Are Still Afraid of Virtual Currency? There are some countries that accept virtual currency, also known as crypto currency, but those countries only recognize crypto as a digital asset but not a currency. People all know that the new technologies behind that currency would bring us a lot of potential benefits but also […]