Republic of Georgia Exempts Cryptocurrencies From Value-Added Tax
Cryptocurrencies are now exempt from value-added tax in the Republic of Georgia Go to Source Powered by WPeMatico
DIGIT
South African Payment Gateway Drops BTC Over Fees and Network Congestion
On July 12, South African payment gateway service Payfast announced the company is dropping bitcoin core (BTC) payments due to network congestion and high fees. Payfast emphasized that BTC has a number of limitations and design flaws which makes it an “impractical substitute for cash.” Also read: G20 Leaders Issue Declaration on Crypto Assets – … Read more
Bitcoin Falls under $11,450 as US Stock Market Sees Minor Downturn
Bitcoin falls under the $11,450 mark again while top 20 cryptocurrencies are reporting losses movements on the day Go to Source Powered by WPeMatico
Japan to Look Into the Impact of Facebook’s Libra Ahead of G7
A working group has been created by Japanese authorities to investigate the impact of Facebook’s Libra stablecoin Go to Source Powered by WPeMatico
Binance Adds Margin as Exchange Competition Heats Up
This week, the world’s largest exchange by trading volume, Binance, launched margin trading. In doing so, it made the elite group of exchanges that offer crypto derivatives less exclusive than it once was. Binance, Kucoin, and Bitmax have all rolled out margin products this year, in a bid to give market leaders Bitmex and Deribit … Read more
0x DEX Protocol Suspended Because of Vulnerability, Funds Safe
The 0x team suspended the dex Ethereum smart contract after a vulnerability was uncovered in its code Go to Source Powered by WPeMatico
4 Reasons why Negative Trading Fees are Crucial in the Cryptocurrency Industry
In the cryptocurrency world, there are numerous interesting ventures and solutions to take note of. When it comes to trading platforms and exchanges, the trading fees are often scrutinized first and foremost. Some platforms have come up with a crafty solution, known as negative trading fees. The bigger question is what all of this means … Read more
Real Estate Registry on Blockchain: Promise Land or Wishful Thinking?
The use of the blockchain for real estate requires a fundamental rethinking, otherwise it is hopeless. A researcher from RMIT Blockchain Innovation Hub explained why startups will fail to disrupt if no changes in regulations occur Go to Source Powered by WPeMatico
Thailand Approves 4 New Cryptocurrency Service Providers
The Thai Securities and Exchange Commission has approved four new crypto business operators to legally operate in the country. In addition to licensing a new crypto exchange, the government has officially approved the country’s first three digital token portals. Meanwhile, new rules, conditions, and procedures have been introduced for digital asset businesses. Also read: G20 … Read more
Georgia Exempts Bitcoin From VAT to Become the Next Country to Affirm Its Currency Status
Cryptocurrency taxation is a subject that concerns a growing number of users, traders and investors. An area that creates a lot of confusion among taxpayers is the application of VAT, or the value-added tax most countries levy on the sales of goods and services. Georgia has become the latest nation to free crypto-fiat transactions from … Read more