The Supreme Court of Denmark has established that Bitcoin mining and investment cannot be considered tax-free, due to the speculative nature of such activities.
Taking into account that those who buy Bitcoin estimate that they can sell them at a higher price, investments and mining are subject to…
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Cryptocurrency companies struggle to access banking services in the UK
Cryptocurrency businesses face multiple difficulties in accessing banking services in the UK. According to various sources, the few banks that still work with cryptocurrencies are increasingly requesting more documentation and information…
South Korea exempts chip manufacturing and investment from taxes
South Korea's National Assembly has passed its own law to boost the country's semiconductor industry through tax breaks for manufacturers and investors, following a similar initiative by the United States.
The proposal, which has gone…
Investors promote crypto adoption in Hong Kong
The moderate relaxation of cryptocurrency regulations in Hong Kong prompted a group of investors to create a $100 million fund to attract companies in the sector.
The new investment fund, known as the ProDigital Fund, is the first step for…
Europe limits anonymous cryptocurrency transactions to 1,000 euros
The European Union approved establishing a cap of 1,000 euros on anonymous cryptocurrency transactions with the aim of stopping crimes such as money laundering and financing terrorist acts.
In this sense, "entities, such as banks, asset…
Mercado Libre expands its cryptocurrency services to Chile
Users of the online payment platform in Chile can now buy, sell and store Bitcoin (BTC) and Ether (ETH) through the Mercado Pago app, according to Osvaldo Giménez, president of Mercado Libre's Fintech sector, who announced the news on…
Binance is sued for violating regulations in the United States
The main cryptocurrency exchange platform Binance, as well as its founder Changpeng Zhao, were indicted this Monday by the Commodity Futures Trading Commission, CFTC, for alleged violations of US law regulations.
According to the CFTC,…
More than $1.1 billion in eth has been lost due to errors
In Ethereum, more than $1.1 billion in eth, the native cryptocurrency, has been lost due to human error. According to a recently published report, it is estimated that at least 636,000 eth, equivalent to 0.5 % of the circulating supply of…
Belgium to review all cryptocurrency advertising
The risks that cryptocurrency transactions entail for those who do not have information about this market have led Belgium to join the supervision of all publicity on the subject.
The measure was taken a week ago and announced in a…
BlockFi will sell its mining equipment
Cryptocurrency-based financial services company BlockFi, which has filed for bankruptcy before US authorities, has been cleared by the bankruptcy court to sell its crypto mining equipment and other physical assets in order to raise around…
Florida to ban CBDC adoption
Florida is working on new legislation that prohibits the use of any central bank currency, or CBDC, as a measure to protect citizens from state control.
Florida Governor Ron DeSantis said Monday: “Unlike a decentralized digital currency or…
The White House criticizes cryptocurrencies, questioning their fundamental value
The White House published its latest President's Economic Report, which analyzes the current situation of cryptocurrencies.
In the report, it is argued that cryptocurrencies do not live up to their initial promise and pose risks to…