Iran Top Security Official Believes Recent De-Dollarization Efforts Will Doom ‘Illegal Western Sanctions’ to Failure

russia iran us dollar sanctionsAli Shamkhani, secretary of the National Security Council of Iran, has stated that the recent bilateral cooperation efforts between his country and Russia are contributing to rendering U.S.-established sanctions useless at a global level. The official noted that many other countries are also in this course of action — abandoning the hegemony of the U.S. […]

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Binance to Help Azerbaijan With Crypto Regulations

Binance to Help Azerbaijan With Crypto RegulationsCryptocurrency exchange Binance has offered to support Azerbaijan in efforts to establish regulations for digital assets. The leading coin trading platform has been active in the region this year, seeking to expand market presence and increase interaction with authorities. Binance to Assist Azerbaijan’s Monetary Authority With Regulations for Cryptocurrencies The world’s largest exchange for crypto […]

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Azerbaijan to Subject Crypto Income to Taxation

Whether income earned from cryptocurrency should be taxed or not has been an issue with which many governments have been grappling in recent years as the crypto industry has become bigger and bigger. Even for countries that have already made their stances on crypto taxation known, the structures are still quite vague and not many people adhere to the set regulations. However, Azerbaijan has made its stance known: any revenue from cryptocurrency operations is subject to taxation. Income Tax For Individuals As quoted by a local media outlet, The Trend, Nijat Imanov, the country’s Deputy Director General of the Tax Policy and Strategic Research

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