Japan may modify taxes to deter crypto startup capital flight
According to industry insiders, the existing plan is preventing domestic innovation in the cryptocurrency space. Prior to the country’s 2023 tax overhaul, Japan’s Financial Services Agency is reportedly considering changing the corporate entity cryptocurrency taxation structure. The proposed amendment would eliminate capital gain liabilities for corporate crypto assets that have not been sold at the […]
Advocate of bitcoin proposes BTC as fix to US student loan crisis
According to Dennis Porter, the government should give debtors $10,000 worth of Bitcoin and lock it away for ten years. Following the announcement by US President Joe Biden of a plan to forgive millions of Americans’ college debts of up to $20,000, a proponent of Bitcoin (BTC) suggested an alternate way to settle the debt. […]
Binance promises security during Philippine senate hearing
Binance is seeking a license to operate in the Philippines before a moratorium and offering instructional tools for traders and blockchain developers. According to a Wednesday report in the regional news, officials of Binance attended a session of the Philippine Senate Banking Committee. Participants at that hearing were the vice governor of the Bangko Sentral […]
Sandeep Nailwal, founder of Polygon, raises $50M for Web3 fund
The most recent venture capital firm to place a strong emphasis on Web3, gaming, and NFTs is Symbolic Capital. Sandeep Nailwal, the creator of Polygon and a cryptocurrency entrepreneur, has received $50 million for a new startup fund aimed at Web3 companies, demonstrating venture capital’s rising interest in the internet powered by blockchain. According to […]
Afghan police shut down crypto exchanges to enforce prohibition
A month after issuing a warning regarding continued activity, the Afghan central bank proclaimed forex trading to be against Islam and illegal; as a result, arrests have now been made. According to a report in Ariana News, a local independent news source, police have shut down at least 16 bitcoin exchanges in the western Afghan […]