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Coinbase CEO Brian Armstrong Expresses Concern Over Rumors of SEC Ban on Crypto Staking for Retail Customers
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Getting rid of crypto staking would be a ‘terrible path’ for the US — Coinbase CEO
Banning retail crypto staking in the US would result in even more businesses moving offshore, argues the Coinbase co-founder.
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Chinese Mining Rig Manufacturer Microbt Announces Offshore ASIC Factory
On Friday, China-based bitcoin mining rig manufacturer Microbt announced plans to create an offshore facility that produces the company’s Whatsminer devices and parts for North America. The firm revealed the expansion news when it announced a recent partnership with the New York-based Foundry Digital LLC. Microbt’s Whatsminer mining rigs have become popular during the last […]
The post Chinese Mining Rig Manufacturer Microbt Announces Offshore ASIC Factory appeared first on Bitcoin News.
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$11 Trillion Offshore Assets Uncovered After 100 Countries Share Information on 84 Million Bank Accounts
Governments in nearly 100 countries have been sharing offshore bank account information in an effort to crack down on tax evasion. Their “Automatic exchange of information” has led to uncovering 10 trillion euros ($11 trillion) in offshore assets in 84 million bank accounts. The Organisation for Economic Co-operation and Development (OECD) said on Tuesday that […]
The post $11 Trillion Offshore Assets Uncovered After 100 Countries Share Information on 84 Million Bank Accounts appeared first on Bitcoin News.
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Philippine ‘Crypto Valley of Asia’ to Get Own Airport
The Philippines has a “Crypto Valley of Asia,” an initiative of the Cagayan Economic Zone Authority, the government agency responsible for managing the Cagayan Special Economic Zone and Freeport. An airport is now being planned for inside this economic zone to address the needs of its investors and crypto service providers. Many cryptocurrency exchanges have […]
The post Philippine ‘Crypto Valley of Asia’ to Get Own Airport appeared first on Bitcoin News.
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19 Companies Licensed to Operate Crypto Exchanges in Philippine Economic Zone
Nineteen firms have been granted provisional licenses to operate crypto exchanges by the Philippine government-owned Cagayan Economic Zone Authority. In addition, eight firms have paid the application fees and are being reviewed. A list of all 27 companies has been published. Also read: 160 Crypto Exchanges Seek to Enter Japanese Market, Regulator Reveals Provisional Licenses Issued […]
The post 19 Companies Licensed to Operate Crypto Exchanges in Philippine Economic Zone appeared first on Bitcoin News.
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Interest in Philippines Economic Zone Crypto License Spikes – 17 Firms Paid in Full
The Philippines government-owned Cagayan Economic Zone Authority (Ceza) is in the process of issuing more crypto licenses. Interest for the license by offshore companies “surpassed all our expectations,” Ceza administrator said. Seventeen firms have already paid in full; 19 more are in the pipeline. Ceza expects to earn about $68 million from crypto licensing. Also read: Yahoo! […]
The post Interest in Philippines Economic Zone Crypto License Spikes – 17 Firms Paid in Full appeared first on Bitcoin News.
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Bitfinex Starts Sharing Customer Tax Data with Authorities
Bitfinex, an exchange famed for its opaque banking arrangements, has begun ordering its users to submit their tax details. The platform, which is registered in the British Virgin Islands, a known tax haven, will retain this information and may share it with tax authorities in their customers’ jurisdiction. The news has caused quite a stir. […]
The post Bitfinex Starts Sharing Customer Tax Data with Authorities appeared first on Bitcoin News.
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Offshore Tax Haven Marshall Islands to Issue National Cryptocurrency
A small island nation with less than 60,000 inhabitants best known internationally as a former test site for nuclear weapons is joining the hottest new trend – issuing a national cryptocurrency. The planned Marshall Islands’ Govcoin is expected to be issued later this year. Also Read: Europol: Hardcore Criminals Are Shifting From Bitcoin to Monero, […]
The post Offshore Tax Haven Marshall Islands to Issue National Cryptocurrency appeared first on Bitcoin News.
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