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Iranian Crypto Miners Tax Exempt If They Repatriate Offshore Earnings
Cryptocurrency miners in Iran will be eligible for a tax exemption if they agree to repatriate their overseas earnings, according to Iran's National Tax Administration (INTA).Per a report by local English-lanuage news daily Financial Tribune, INTA introduced a repatriation tax exemption similar to the one it offers non-oil exporters.INTA considers cryptocurrency mining a taxable business,…
Democrat division over crypto isn’t all bad news for regulation
The digital divide between those for and against cryptocurrencies is widening among U.S. policymakers. 87 Total views 17 Total shares The Biden Administration has just passed an executive order furthering research into crypto assets in view of regulating them, but politicians within the ruling Democrat party remain deeply divided on digital currency.The lack of consensus…
Japanese watchdog issues warning to crypto derivatives exchange Bybit
The warning comes in response to Bybit’s marketing campaign that reportedly targeted Japanese investors. 3300 Total views 5 Total shares Singapore-based Bybit, the world’s fifth-largest cryptocurrency derivatives exchange by trading volume, has allegedly been running unregistered crypto services in Japan, according to an official warning.The Japan Financial Services Agency issued a formal warning letter to Bybit…
Crypto exchange OKCoin taps FIS subsidiary Worldpay to lead global expansion
“Worldpay has extensive experience guiding cryptocurrency exchanges through the complexities of the global payment ecosystem,” said Jason Pavona, a general manager with Worldpay Solutions. Cryptocurrency exchange OKCoin has selected merchant service provider Worldpay to aid in its expansion efforts, which includes bringing crypto-to-crypto payments to a global audience. OKCoin will leverage Worldpay’s foreign exchange services, allowing…