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Thailand Exempts Crypto Transfers from VAT Payments until 2024

The Thai government has decided to exempt crypto transfers from value-added tax (VAT) payments until December 31, 2023, following a royal decree, the Bangkok Post reported. The new ruling states that crypto and digital asset transfers on regulated exchanges will not require 7% VAT payments until the start of 2024. According to The Block, this …

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Russia Considers Using Cryptocurrencies for International Settlements

Authorities in Russia are mulling over the possible use of digital currencies for international payments, a high-ranking official from the finance ministry has indicated. If recognized as property, he noted, cryptocurrency can be utilized in barter deals with foreign partners. Finance Ministry Suggests Russia May Employ Crypto in International Trade The possibility of using cryptocurrencies …

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Portugal’s Assembleia da Republica says no to two crypto tax bills

The Portuguese Minister of Finance had recently declared that cryptocurrencies in the country will soon be subject to capital gains taxes. The Portuguese congress, Assembleia da Republica, has rejected two bills that would have imposed a tax on cryptocurrencies. Portugal has long been regarded as a cryptocurrency tax haven, and the trading of cryptocurrencies has …

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Thailand Exempts Crypto Transfers From VAT Until End of 2023

Authorities in Thailand have formally introduced a value-added tax (VAT) exemption for transfers of cryptocurrencies through government-approved exchanges. The tax break, in force until the end of next year, will also apply to digital currency issued by the Bank of Thailand. Royal Decrees Enforce VAT Exemption for Crypto Trading in Thailand Investors moving cryptocurrencies and …

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CFTC Chairman Confirms Bitcoin, Ether Are Commodities

The chairman of the U.S. Commodity Futures Trading Commission (CFTC) says he is certain bitcoin and ether are commodities. He outlined how his agency is working with the U.S. Securities and Exchange Commission (SEC) to regulate the crypto sector, noting that “there are no customer protections right now in the crypto market.” Bitcoin and Ether …

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Central bankers bellow Bitcoin on El Salvador’s Bitcoin Beach

On day three of El Salvador’s financial inclusion and funding for SMEs conference, Bitcoin has stolen the show. The orange pilling adventure in El Salvador continues. In a video that beggars belief, 44 central bankers and financial delegates from emerging markets around the world shout “Bitcoin!” while posing for a photo in El Zonte, El …

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Vietnam Launches Blockchain Association to Conduct Research and Suggest Regulations

A newly established blockchain association aims to help Vietnam promote its digital economy and position the country on the world’s technology map. The organization looks to unite Vietnam’s experts in the field and seek cooperation with blockchain communities around the globe for the research and development of blockchain solutions. Vietnam to Expand Implementation of Blockchain

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Terra Co-Founders to Face Fraud Charges in South Korea

The challenges ahead for Terra’s co-founders are notably more than just reviving the protocol after UST and LUNA coins collapsed last week. As reported by a local media site, Munhwa, an organized group of LUNA and UST investors is planning to file a legal complaint against CEOs Do Kwon and Daniel Shin for alleged fraud. Besides the planned official complaints filed with …

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Binance in Talks for Regulatory Approval in Germany, CEO Says

Changpeng Zhao says the crypto exchange is recruiting compliance personnel in the country. Cryptocurrency exchange Binance is in talks to gain regulatory approval in Germany, founder and CEO Changpeng “CZ” Zhao said. Binance is recruiting compliance personnel for its team in Germany and hopes to win a license there, he said at an event in Hamburg …

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Australia Tax Office Says Crypto Under Focus This Tax Season

The Australian Taxation Office (ATO) has highlighted four major problem areas it wants to focus on this taxation season, and digital currencies are prominently featured. According to the tax watchdog, any Australian resident that “dispose of an asset such as property, shares, or a crypto asset, including non-fungible tokens (NFTs) this financial year,” will be required …

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