About Author:
Osato Avan-Nomayo
Osato is a Bitcoin enthusiast with a flair for writing. When he isn't providing unique perspectives on the current happenings in the industry, he can be found pouring over old books on history and philosophy or trying to beat his Scrabble high score.
Denmark is set to enforce robust bitcoin tax compliance at its tax agency has received information about 20,000 crypto owners in the country. The Scandinavian nation is the latest country to move towards combating crypto tax evasion. Danish Tax Agency Authorized to Gather Bitcoin Tax Info At the start of...
In another first for decentralized technology utilization, EU-Startups reports that Greyp has raised more than $1.5 million from investors in the world’s first-ever blockchain-based initial public offering (IPO). The news marks yet another milestone for blockchain technology penetration in the global financial market. Neufund Closes $1.5 Million Blockchain-based IPO According...
CryptoBridge is the latest cryptocurrency exchange to shut down its business amid tightening government regulations and a shrinking altcoin market. Following on from the 2018 bear market, smaller crypto trading platforms are facing increasingly daunting challenges with many forced to cease operations. CryptoBridge Going Offline on December 15 In a...
While calls continue for a lenient crypto tax regime, one commentator says a ‘de minimis’ exemption status for virtual assets will encourage Bitcoin tax evasion, reports Law 360. Crypto Tax Evasion Will Become Commonplace According to Law360, Omri Marian of the University of California’s Irvin School isn’t in support of...
The U.K. is now the latest jurisdiction to classify cryptocurrencies and virtual assets as property. The Times reports that a legal panel chaired by Sir Geoffrey Vos, Chancellor of the High Court reached the decision which presents significant implications for the legality of cryptocurrencies and blockchain assets in the U.K....
China’s military hierarchy is reportedly eyeing the adoption of blockchain technology and cryptocurrency rewards for its personnel. Global Times reports that the Chinese military is keen to enhance the confidentiality of data transmission within its armed forces. PLA Looking Towards Blockchain Earlier in November 2019, the People’s Liberation Army (PLA)...
Global Payments giant Mastercard has created a platform for greater fintech collaboration within the Asia Pacific region. This move comes as the region continues to see an explosion of fintech startups including crypto and blockchain projects looking to target several aspects of the nascent digital economy. Payment Support for Fintech...
In the latest salvo in the ongoing saga surrounding Bitmain, ousted co-founder Micree Zhan is threatening to fight back claiming to have been betrayed by his partners. Meanwhile, the Bitcoin mining giant is moving ahead with plans to launch a U.S. IPO. Bitmain Co-founder Threatens War Dovey Wan, founding partner...
Turkey’s central bank is reportedly looking to finalize testing protocols for its proposed national digital currency. With economic struggles worsening in the country, the move might signal an attempt by the government to gain a foothold in the emerging digital landscape. Meanwhile, bitcoin adoption continues to grow in the country...
Whilst Europe and the United States continue to show reticence about crypto and blockchain technology, China appears to be going full steam ahead with many state actors talking up the potentials inherent in decentralized technology. Chinese state media People’s Daily is the latest to highlight the benefits of blockchain technology...
