offshore – DIGIT INFO

Crypto Billionaire Flees London Over Offshore Tax Concerns

DIGIT — Tue, 01 Oct 2024 11:20:03 +0000

Christian Angermayer, a billionaire crypto investor, has reportedly moved from London to Switzerland as the UK considers tightening tax policies on offshore wealth. Angermayer’s relocation signals the potential departure of other wealthy individuals fearing future tax hikes on non-domiciled tax arrangements. Crypto Investor Angermayer Leaves London Over Tax Concerns Billionaire crypto investor Christian Angermayer has […]

Go to Source

CFTC Sues Over $3.6M Digital Asset Fraud Targeting Asian Americans

DIGIT — Sun, 29 Sep 2024 11:30:32 +0000

The U.S. Commodity Futures Trading Commission (CFTC) has initiated legal action against a fake trading platform and its associates for defrauding investors out of $3.6 million. The scheme, which targeted Asian Americans, involved soliciting funds in fiat and digital assets, with false promises of trading in commodity futures. Instead, the funds were misappropriated and diverted […]

Go to Source

India’s FIU Considers Approving More Offshore Crypto Exchanges

DIGIT — Fri, 06 Sep 2024 01:46:13 +0000

India’s Financial Intelligence Unit is reportedly reviewing four offshore cryptocurrency exchanges for potential approval to resume operations following the lifting of bans on Binance and Kucoin. The focus is on ensuring compliance with anti-money laundering regulations, including transaction transparency and reporting of suspicious activity. FIU-India May Permit More Offshore Crypto Exchanges Next Year India’s Financial […]

Go to Source

Custodia CEO Slams US Government Over Broad Crackdown, Lack of Regulatory Clarity in Crypto Industry

DIGIT — Sat, 18 Feb 2023 15:30:40 +0000

Caitlin Long, CEO of crypto bank Custodia, criticized the U.S. government for its handling of a massive crypto fraud that occurred months before the company’s collapse. She made her remarks in a blog post after disclosing evidence to law enforcement. Long’s post followed Custodia’s unsuccessful application to become a member of the Federal Reserve System, […]

Go to Source

Coinbase CEO Brian Armstrong Expresses Concern Over Rumors of SEC Ban on Crypto Staking for Retail Customers

DIGIT — Thu, 09 Feb 2023 17:30:04 +0000

Brian Armstrong, CEO of Coinbase, expressed concern about rumors that the U.S. Securities and Exchange Commission (SEC) may eliminate cryptocurrency staking for retail customers in the United States. Armstrong insisted that “staking is not a security” and that the trend allows users to “participate directly in running open crypto networks.” Coinbase CEO Vocalizes Worry Over […]

Go to Source

Getting rid of crypto staking would be a ‘terrible path’ for the US — Coinbase CEO

DIGIT — Thu, 09 Feb 2023 05:39:59 +0000

Banning retail crypto staking in the US would result in even more businesses moving offshore, argues the Coinbase co-founder.

Go to Source

Chinese Mining Rig Manufacturer Microbt Announces Offshore ASIC Factory

DIGIT — Sun, 27 Sep 2020 01:30:37 +0000

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.

Go to Source

$11 Trillion Offshore Assets Uncovered After 100 Countries Share Information on 84 Million Bank Accounts

DIGIT — Thu, 02 Jul 2020 13:45:02 +0000

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.

Go to Source

Philippine ‘Crypto Valley of Asia’ to Get Own Airport

DIGIT — Fri, 10 Jan 2020 03:40:10 +0000

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.

Go to Source

19 Companies Licensed to Operate Crypto Exchanges in Philippine Economic Zone

DIGIT — Tue, 16 Oct 2018 05:50:41 +0000

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.

Go to Source