Cryptocurrency Market

Cryptocurrency Market

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  • Market Cap: $2,404,782,667,590.88
  • 24h Vol: $56,442,256,430.13
  • BTC Dominance: 56.54%

Cryptocurrency Assets

uk-treasury-budget-discusses-separate-reporting-of-crypto-assets-in-tax-documents

UK Treasury Budget Discusses Separate Reporting of Crypto Assets in Tax Documents

Leave a Comment / annual budget, banking sector, Bitcoin, British financial system, combat tax evasion, criminal offenses, crypto assets, Crypto Hacked, Cryptocurrency, Cryptocurrency Assets, cryptocurrency investors, economic stability, Ethereum, Exchequer, Finance Minister, Government Gateway Service, industry, Internal Revenue Code, Jeremy Hunt, Joe Biden, loophole, proposed changes, public services, Section 1031, self-assessment tax forms, Silicon Valley Bank, spring 2023 budget, tax avoidance, tax policies, tax records, tax year, Taxes, taxes UK crypto, taxpayers, Transparency, Treasury, U.K. subsidiary, UK crypto taxes, UK Taxes, United Kingdom, US President / / / , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

Taxpayers in the United Kingdom will have to report cryptocurrency assets separately in their tax documents for the tax year 2024-25, according to the Exchequer’s recently published spring 2023 budget. New Criminal Offenses Planned by U.K. Government to Combat Tax Avoidance Amid the chaos in the banking sector following the collapse of Silicon Valley Bank’s […]

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British Bank Natwest Implements New Limits on Cryptocurrency Payments to Combat UK Crypto Scams

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On March 14, 2023, the U.K.-based bank Natwest Group announced new limits on cryptocurrency payments, citing crypto scams that cost U.K. consumers £329 million annually. The limit imposed on crypto exchanges is £1,000 daily ($1,215), with a 30-day limit of £5,000 ($6,077). Natwest’s Cautious Approach Towards Crypto Assets Prompts Another Transfer Limit Amid the banking

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Bybit Halts US Dollar Deposits via Bank Transfer Due to Service ‘Outages’ From Partner

Leave a Comment / Advcash wallet, Bank Transfer, Binance, Bitcoin, Blockchain, Bybit, Credit Card, Crypto Hacked, crypto traders, Cryptocurrency, Cryptocurrency Assets, Cryptocurrency Exchange, Decentralized, Digital Assets, Dubai-based, Ethereum, Exposure, Financial Technology, future, Global Markets, Impact, News, partner, platform, regulatory landscape, safe, secure, security measures, service outages, Silvergate Bank, Swift, trade volume, U.S banks, U.S. dollar deposits, user experience, user funds, Virtual Currency, Withdrawals / / / , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

On March 4, 2023, cryptocurrency exchange Bybit announced that it had suspended U.S. dollar deposits via bank transfer. Bybit cited “outages” from its partner as the reason for the suspension of USD deposits via bank transfers and the SWIFT network. Bybit Suspends USD Deposits, Wire Transfer Withdrawals Open Until March 10 The cryptocurrency exchange Bybit,

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Study Reveals South Korea’s ‘Kimchi Premium’ Strongly Linked to International Remittances to China

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A newly-released study published in December 2022 reveals that South Korea’s “kimchi premium,” the divergence in cryptocurrency valuations on Korean exchanges compared to Western trading platforms, is strongly associated with a surge in international remittances to China. Examination of Overseas Remittances to China Uncovers Strong Correlation with South Korea’s ‘Kimchi Premium’ According to a study

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