California Man Arrested for Using Government’s Covid-19 PPP Loan to Buy Cryptocurrency and Tesla

California Man Arrested for Using Covid-19 PPP Loan to Buy Cryptocurrency and TeslaThe U.S. has arrested a man on criminal charges after he allegedly defrauded the government’s Covid-19 loan programs and used the money to buy cryptocurrency and Tesla. Using PPP Loan to Buy Cryptocurrency and Tesla The U.S. Department of Justice (DOJ) announced Friday that Lebnitz Tran was arrested Thursday “on criminal charges related to his […]

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Swiss Bankers Association Acts to Prevent Crypto Firm Exodus

Swiss Bankers Association Acts to Prevent Crypto Firm ExodusThe Swiss Bankers Association (SBA) has released a set of guidelines intended to bolster the availability of financial services to cryptocurrency companies. They are in response to the stubbornness of many banks to provide financial services to crypto-related businesses. Also Read: Markets Update: Despite Negative Headlines – Crypto-Prices Continue to Rise Swiss Bankers Association Publishes Guidelines Intended to […]

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Azerbaijan to Tax Crypto Incomes and Profits

Azerbaijan to Tax Crypto Incomes and ProfitsGains from cryptocurrency transactions will be taxed in Azerbaijan, according to a high-ranking official from the Tax Ministry. Authorities in the energy-rich nation intend to tap into both corporate profits and personal incomes. The country has previously taken a conservative stance on cryptocurrencies but the focus on taxation now signals a change in Baku.  Also […]

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