Category: Rules
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SBI’s crypto arm to support USDC as Japan softens stablecoin rules
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Cryptocurrency, the Japanese SBI Financial Company, is preparing to offer support to Circle USDC Stablecoin, while local organizers have diluted Stablecoin. On March 4, SBI VC Trade Declare Complete the first registration related to Stablecoin transactions, allowing the company to start processing USDC (USDC) transactions. After getting full registration, you…
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US Postal Service restarts China deliveries as Trump tightens import tax rules
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US Post Service (USPS) has resumed acceptance of parcels from the mainland of China and Hong Kong, reflecting a brief comment that led to new trade measures presented by President Donald Trump. This step follows a major shift in import duties in America, where the White House canceled the exemption…
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Labour’s ‘Brexit reset’ draws fire over plan to align UK carbon rules with EU
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Companies that struggle with high energy costs can see higher bills under the suggestion of the Labor leader Sir Kerr Starmer by linking emissions in the UK with the European Union carbon pricing system. Critics-including conservative deputies, proxy, and energy analysts can lead to the adoption of the most striking…
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Crypto Views Trump’s Order as Opening Fast Track to Friendly Rules
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Bread path links PMN Business The digital assets sector has finally received a supportive executive measure from President Donald Trump, as he ended up anxiety and opens a confusing possibility of rapid progress towards a friendly regulatory background. The author of the article: Bloomberg News Stephe Ocean Edhis It was…
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IRS Crypto Rules Spark Pushback From Texas Senator Ted Cruz
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The cryptocurrency industry, especially brokers, has received major support from Texas Senator Ted Cruz this week. According to Axios reportCruz will use the Congressional Review Act (CRA) in the next few days to challenge the IRS’s current tax rule on reporting cryptocurrency income. The IRS reporting rule generated a lot…
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Nvidia, chip stocks drag tech lower as new Biden export rules, jobs report weigh
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Nvidia (NVDA) stock fell on Friday along with other chipmakers after a December jobs report pushed expectations of additional interest rate cuts from the Federal Reserve and ahead of expected restrictions on chip exports from the Biden administration. Nvidia stock fell 3%, while AMD (AMD) fell 4.8% and PHLX Semiconductor…
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New IRS Rules Mandate Reporting For DeFi Brokers: What This Means For Crypto Transactions
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In an important development for the cryptocurrency landscape, the US Internal Revenue Service (IRS) has finalized regulations Which will require Decentralized finance (DeFi) brokers report gross proceeds from digital asset transactions. The IRS classifies DeFi platforms as intermediaries under New regulationswhich will go into effect in 2027, DeFi platforms that…
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New sick pay rules risk dismissals as businesses grapple with Rayner’s reforms
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Angela Rayner’s proposed overhaul of workers’ rights could force employers to fire employees who fall ill for long periods, recruitment companies have warned, as companies face new cost burdens at a time when recruitment expenses are escalating. Under the government’s plans, employees will be able to claim Statutory Sick Pay…
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Legal Clarity For Bitcoin Holders: Shanghai Court Rules Crypto Ownership Is Permissible
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In a step toward regulatory clarity for Bitcoin holders in China, a court in Shanghai issued an opinion stating that personal ownership of digital assets is not illegal under… Chinese law. Personal Bitcoin ownership is legal opinion, Articulated Written by Sun Jie, Judge of the Shanghai Songjiang People’s Court, and…
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Ethereum Foundation Reveals $788M Crypto Holdings And New Conflict-Of-Interest Rules
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The Ethereum Foundation (EF) released its annual financial report earlier today, revealing significant holdings and a commitment to transparency and long-term sustainability. Ethereum Foundation Holdings As of October 31, 2024, EF disclosed that its treasury contained approximately $970.2 million, of which $788.7 million was in crypto assets and $181.5 million…
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Crypto Groups Challenge US SEC on Airdrop Rules In Ongoing Court Case—Details
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A recent legal dispute over token airdrops has garnered support from prominent cryptocurrency lobbying organizations, including the Blockchain Association and the Cryptocurrency Innovation Council. These Washington, D.C.-based lobbying groups have provided “Friend briefSupporting clothing brand Beba in its lawsuit against the US Securities and Exchange Commission (SEC). Details of the…
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Crypto Groups Challenge US SEC on Airdrop Rules In Ongoing Court Case—Details
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A recent legal dispute over token airdrops has garnered support from prominent cryptocurrency lobbying organizations, including the Blockchain Association and the Cryptocurrency Innovation Council. These Washington, D.C.-based lobbying groups have provided “Friend briefSupporting clothing brand Beba in its lawsuit against the US Securities and Exchange Commission (SEC). Details of the…
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4 Trading Rules to Break to Kill a Good Trade
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Imagine you have a good business idea. You know one. It may come from a mentor, a social media expert, or a distinct group of signals. Rather, it may be the result of hours of analysis. The signs seem to line up, and you are confident that you have got…
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Are You Following The Trading Rules You’ve Set?
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If you ask a group of profitable Forex traders what is the secret to their success, you will probably hear the word “consistency” more than once. Unfortunately, achieving consistency is easier said than done. But by creating a process and setting trading rules for yourself, you can make it happen…
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Ripple CEO Drops Bombshell, Accuses ‘Renegade’ SEC Of Breaking The Rules
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If you thought the four-year dispute between Ripple Labs and the US Securities and Exchange Commission (SEC) was over, think again. In a series of X posts (on Twitter), Ripple executives shared their frustrations with the SEC after it ignored a recent court ruling on XRP. Although the latter Court…
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South African Revenue Service Cracks Down On Crypto With New Tax Rules
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In an update shared via the country’s news agency, the South African Revenue Service (SARS) has called on taxpayers to declare their digital currencies and other crypto assets through the Voluntary Disclosure Program (VDP). Given the growing popularity of digital assets such as Bitcoin and Ripple’s XRP among South Africans,…
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South African Revenue Service Cracks Down On Crypto With New Tax Rules
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In an update shared via the country’s news agency, the South African Revenue Service (SARS) has called on taxpayers to declare their digital currencies and other crypto assets through the Voluntary Disclosure Program (VDP). Given the growing popularity of digital assets such as Bitcoin and Ripple’s XRP among South Africans,…
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Brazil’s top court rules X must pay pending fines to resume service By Reuters
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SAO PAULO/BRASILIA (Reuters) – The Brazilian Supreme Court said on Friday that social media platform X needs to pay just over $5 million in outstanding fines in order to resume its service in the country, according to a court document. Earlier this week, the Elon Musk-owned social platform informed the…
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HMRC urged to standardise gift tax rules across all industries, including politicians
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HMRC must implement uniform gift tax regulations to ensure they apply equally to all taxpayers, including politicians, according to tax and advisory firm Blick Rothenberg. Robert Salter, the company’s director, called for greater clarity and consistency in taxing gifts, noting that while media figures and social influencers are taxed on…
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Court rules against Coca-Cola Israel in huge tax dispute
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The Central Bottling Company (Coca-Cola Israel), which exclusively markets Coca-Cola products in Israel, has been dealt a severe blow and will be forced to pay hundreds of millions of shekels to the Israeli Tax Authority. The Tel Aviv District Court rejected the company’s appeals against the tax assessment issued by…