Danish Watchdog Orders Saxo Bank to Sell its Crypto Assets
The Danish Financial Supervisory Authority (FSA) has ordered Saxo Bank to dispose of its crypto assets, citing regulations that prohibit such trading for financial institutions in Denmark. Saxo Bank, a leading online trading and investment platform based in Denmark, has been instructed by the country’s financial regulator to liquidate its holdings of crypto assets, including […]
PayPal’s Crypto Holdings increases by 56% in First Quarter of 2023
Fintech company PayPal disclosed its cryptocurrency assets hold BTC and ETH worth $499 and $362 million, respectively, which is more than a 56% rise in its most recent quarterly report to the Securities and Exchange Commission (SEC). The filing claims that PayPal had a total of $943 million in cryptocurrency assets as of March 31, […]
Argentina proposes tax bill to enable citizens to reveal crypto holdings
With the promise of reduced tax rates as an incentive, a measure encouraging citizens to register their crypto holdings has been developed by the Ministry of Economy in Argentina. The “Externalization of Argentine Savings” draft legislation , which aims to fight money laundering, was presented by economics minister Sergio Massa, according to a Jan. 6 […]