threshold – DIGIT INFO

DeFi protocol Threshold proposes Bitcoin wrapper merger to ‘save WBTC’

DIGIT — Fri, 30 Aug 2024 17:19:10 +0000

The proposal would effectively transfer control of WBTC to Threshold.

US Government Delays Tax Reporting Rules for Cryptocurrency Brokers

DIGIT — Sun, 25 Dec 2022 10:00:23 +0000

The enforcement of a requirement for brokers to report gains made by crypto investors has been postponed by the U.S. Treasury Department and the IRS. The new tax rules, incorporated into the $1 trillion infrastructure bill passed by the U.S. Congress in 2021, were to be imposed in 2023. Crypto Brokers Told to Comply With […]

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Bank of Japan’s Kuroda Shocks Markets by Raising the Benchmark Rate to 0.5% From 0.25%

DIGIT — Tue, 20 Dec 2022 15:30:30 +0000

The Japanese yen is up 3.42% against the U.S. dollar on Tuesday as the Bank of Japan surprised the world by deciding to allow the benchmark interest rate to rise to 0.5% from 0.25%. The Japanese central bank was one of the only banks worldwide to hold off on raising benchmark interest rates, as policymakers […]

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Swiss Financial Watchdog Releases Revised AML Ordinance, Clarifies Crypto Requirements

DIGIT — Fri, 04 Nov 2022 05:30:07 +0000

The Swiss financial regulator has published its updated anti-money laundering (AML) ordinance, noting it’s extending the coverage to include blockchain trading platforms. It also clarified certain reporting and identification requirements that apply to crypto transactions. Financial Authorities Adjust Swiss Anti-Money Laundering Rules Concerning Crypto Transfers Following consultations that started earlier this year, the Swiss Financial […]

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Main Opposition Candidate for President of South Korea Pledges Support for Crypto Tax Exemptions

DIGIT — Thu, 20 Jan 2022 10:00:21 +0000

The leading presidential candidate of the opposition in South Korea has promised voters to ease the tax burden on crypto-related profits through exemptions. In a recent statement, Yoon Suk-yeol indicated that crypto investors will be treated like those who put money into stocks. Presidential Candidate Looks to Attract Young Voters With Crypto Tax Cuts Yoon […]

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Analyst Claims Bitcoin Will Break $40K Threshold, S2F Audit Shows BTC Could Tackle $85K by Year’s End

DIGIT — Mon, 14 Jun 2021 13:30:56 +0000

Bitcoin prices have been range-bound and consolidating for quite some time but jumped over 9% in the last 24 hours after Elon Musk’s tweet on Sunday. A number of crypto analysts are still unsure about bitcoin’s future price while a few expect a rebound from last month’s lows. One market report notes that bitcoin will […]

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Brazilians Who Held $1,000 in Crypto Last Year Must Report It on Tax Returns by End of May

DIGIT — Sun, 30 May 2021 14:00:30 +0000

Taxpayers in Brazil have only a couple of days left to file their annual tax returns. Investors who had more than 5,000 reals worth of cryptocurrency in 2020, a little less than $1,000, are obliged to report the funds on their income tax declarations this year. Brazilians who fail to do that on time face […]

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