clarification – DIGIT INFO

Bitcoin and Ether Are Not Securities in Belgium, Financial Regulator Clarifies

DIGIT — Sun, 27 Nov 2022 05:00:02 +0000

Cryptocurrencies like bitcoin and ether cannot be classified as securities or investment instruments, according to a communication issued by the financial watchdog in Belgium. The authority has tried to clarify the matter, noting that the digital coins may be subject to other regulations. FSMA: Securities Laws Do Not Apply to Bitcoin and Other Decentralized Cryptocurrencies […]

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No Crypto Loans and Fewer Trading Options – Russian Finance Ministry Clarifies Regulatory Plan

DIGIT — Mon, 14 Feb 2022 13:00:54 +0000

Russian authorities are not going to allow cryptocurrency lending, the finance ministry has announced, clarifying its proposals for crypto market regulation. The treasury department also revealed that not all cryptocurrencies will be available to Russian investors under the new rules. Russian Government to Restrict Investor Access to Crypto Assets Authorities in Moscow are not planning […]

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Cryptocurrency Swap Not Banned in Iran, President’s Legal Team Says

DIGIT — Thu, 05 Aug 2021 12:30:59 +0000

Current regulations do not prohibit the swapping of digital currencies, according to the Iranian Vice Presidency for Legal Affairs. The department has stated its position in correspondence with an ICT industry association which wanted to know what rules apply to cryptocurrency exchange, local media reported. Converting a Cryptocurrency Into Another Is Not Against Iranian Law […]

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Poles Hit With Backdated Tax on Crypto Trades

DIGIT — Mon, 16 Dec 2019 18:20:33 +0000

Crypto traders in Poland have been unpleasantly surprised with a controversial tax they thought they wouldn’t have to pay. The Civil Law Transactions Tax (PCC) is applicable to digital asset trades conducted before the introduction of last year’s moratorium on its collection, the Polish tax administration recently clarified. The matter has been discussed on European […]

The post Poles Hit With Backdated Tax on Crypto Trades appeared first on Bitcoin News.

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Ukrainians Advised to Pay 19.5% Tax on Crypto Incomes

DIGIT — Fri, 07 Sep 2018 10:10:10 +0000

In the absence of dedicated regulation, Ukrainians are expected to pay the regular 19.5% income tax rate on their profits from crypto-related activities like trading and mining, a high-ranking official from the Finance Ministry in Kiev explained. Crypto investors are free to report their digital funds as either property or financial assets. Also read: Uzbekistan […]

The post Ukrainians Advised to Pay 19.5% Tax on Crypto Incomes appeared first on Bitcoin News.

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