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Thailand Exempts Crypto Transfers From VAT Until End of 2023


Authorities in Thailand have formally introduced a value-added tax (VAT) exemption for transfers of cryptocurrencies through government-approved exchanges. The tax break, in force until the end of next year, will also apply to digital currency issued by the Bank of Thailand. Royal Decrees Enforce...

Cash App Launches ‘Paid in Bitcoin’ Function, Adds Lightning Transfers


  Cash App, the mobile payments app developed by the Jack Dorsey-led payments firm Block, Inc., announced three new bitcoin functions today, including a new way to receive bitcoin (BTC) payments via the Lightning Network. Speaking at the Bitcoin 2022 conference in Miami on Thursday, Miles Suter...

BitYard Officially Partners With Mercuryo to Enhance Crypto Payment Solutions


PRESS RELEASE. Mercuryo is an international fintech company based in London founded in 2018, focused on providing cryptocurrency payment solutions. The company’s cryptocurrency infrastructure provides global access to fast and cheap money transfers with a bank-level oversight and it’s...

Ukraine’s Largest Bank Suspends Money Transfers to Crypto Exchanges


Privatbank, the largest commercial bank in Ukraine, has temporarily halted transfers in national currency to digital asset exchanges. The financial institution explained the move with restrictions imposed by the country’s central bank under the current martial law. Leading Bank in Ukraine...

Western Union Suspends Operations in Russia, Belarus Over Ukraine War


Remittance giant Western Union has joined other financial services companies supporting sanctions in response to Russia’s invasion of Ukraine. The decision will affect customers in the Russian Federation as well as those in Belarus, an ally of Moscow, backing its military operation. Western...

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