Canada to Adopt International Crypto-Asset Reporting Framework for Taxation by 2026

by Александр Пирогов | Apr 19, 2024 | Blog News

Canada is set to become one of the first nations to adopt the International Crypto-Asset Reporting Framework (CARF) for taxation by 2026, according to a supplement to the country’s 2024 annual budget reported by the National Post on April 16. The CARF, agreed upon by...

Hong Kong Customs Apprehends Three Individuals in $228 Million Money-Laundering Scheme

by Александр Пирогов | Apr 19, 2024 | Blog News

According to a report by the South China Morning Post, Hong Kong customs officers have arrested three individuals in connection with a massive HK$1.8 billion ($228 million) money-laundering operation. The scheme exploited a crypto platform and bank accounts associated...

IMF Report Highlights Bitcoin’s Role in Cross-Border Financial Flows Amid Global Instability

by Александр Пирогов | Apr 19, 2024 | Blog News

A new report by the International Monetary Fund (IMF) titled “A Primer on Bitcoin Cross-Border Flows” shows Bitcoin’s growing importance as a channel for cross-border financial transactions, particularly in regions facing economic turmoil or strict...

Tether Launches New Departments to Expand Focus on AI, Finance, Bitcoin Mining, and Education

by Александр Пирогов | Apr 19, 2024 | Blog News

Tether, the issuer of the USDT stablecoin, has announced the establishment of four new divisions: Tether Data, Tether Finance, Tether Power, and Tether Edu. These divisions aim to offer a wide range of services, including data management, blockchain-based financial...

Swedish Crypto Miners Face $90 Million Tax Bill After Investigations

by Александр Пирогов | Apr 18, 2024 | Blog News

Swedish crypto miners are facing tax bills totaling over $90 million after investigations by the Swedish Tax Agency revealed four years of misappropriations. The agency investigated 21 crypto-mining firms between 2020 and 2023, uncovering misleading or incomplete...

Binance Set to Return to India After $2 Million Fine for Non-Compliance

by Александр Пирогов | Apr 18, 2024 | Blog News

Binance, one of the world’s largest cryptocurrency exchanges, is poised to make a comeback in India after a four-month ban by agreeing to pay a $2 million fine for non-compliance. This move comes after India’s financial regulatory body, the Financial...