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Sale of MTI Bitcoins in South Africa Briefly Wipes out Premium Buyers
22.4.2021
The premium or arbitrage gap on bitcoin in South Africa recently turned negative following the offloading of coins worth over $75 million by liquidators of MTI. As a result of the temporary supply glut, buying bitcoins on local South African exchanges briefly became cheaper than buying on overseas...
Hong Kong Security Crackdown Leads to Record Capital Outflows— Residents Reportedly Used Cryptocurrencies to Move Funds
31.3.2021
The Canadian anti-money laundering agency, Fintrac, says it recorded official capital inflows originating from Hong Kong that totaled more than $34 billion in the past year. The outflows, which are the highest since 2012 when the earliest Fintrac records are available, “are the first evidence...
South Koreans Are Required to Pay Taxes for Crypto Holdings in Overseas Exchanges, Authorities Warn
20.3.2021
South Korean tax authorities are unstoppable in keeping crypto holders in their eyes and making them accountable to pay taxes. The National Tax Service (NTS) has issued a warning to the crypto traders that they have to report their earnings even from tokens held in foreign exchanges. No Details...
A Reminder That A Lot Of Big Games Exploit Overseas Labor
5.3.2021
While most big games released have a main studio that’s often based somewhere like the United States or Canada or the UK, they also frequently make use of outsourcing studios in other countries to get their games made. Studios where, surprise, the working conditions can be not great.Read more
South Korean Crypto Exchange Becomes the First Overseas Platform Legally Recognized in China
10.2.2021
A South Korean cryptocurrency exchange announced it established its first legally recognized branch in China. Although the nation banned all local crypto trading services, DBX said the firm already obtained a license to go ahead with the operations. Final Certificate of Incorporation Granted...
Spanish Tax Body Will Force Citizens to Declare Overseas Crypto Holdings
6.2.2021
The Spanish Tax Agency – known in the nation as the Hacienda – has announced its intentions to step up its monitoring of crypto, and will move to force citizens and residents alike to declare their bitcoin (BTC) and altcoin holdings, even if those are held on overseas-based platforms.
Per...
Reports Show Crypto Custodian Xapo Set to be a Digital Bank in Gibraltar
21.1.2021
According to a recent report, the cryptocurrency custodian Xapo is getting ready to become a “fully-fledged” bank in the British Overseas Territory of Gibraltar. The region located at the southern tip of the Iberian Peninsula has also been extending “regulatory guidelines...
New Zealand Watchdog Issues Warning on Crypto Investments Following Bitcoin’s Latest Price Drop
13.1.2021
New Zealand’s financial regulator issued a warning alert to local cryptocurrency investors and traders amid the recent bitcoin’s price action. The Financial Markets Authority (FMA) asks people to remain cautious because cryptos are “high risk and highly volatile assets.”...
Ripple CEO Threatens to Relocate Company Overseas Due to Unfavorable US Regulation
13.10.2020
Ripple chief executive officer Brad Garlinghouse has threatened to move the company’s headquarters overseas should the U.S. fail to level the playing field with an unambiguous regulatory framework. In a series of tweets on Oct.12, Garlinghouse said: “The lack of a single national...
Indian Police Probe Crypto Exchange and Founders Allegedly Running a Scam
25.9.2020
Delhi police are reportedly investigating a cryptocurrency exchange and its executives allegedly duping Indian investors after receiving multiple complaints. The complainants further say the company has moved office overseas without returning their investments. Police Investigate Crypto Scam After...
No, you can’t buy Venezuela’s Petro on any overseas exchanges
21.9.2020
The Venezuelan government has not yet announced partnerships capable of listing PTR abroad
Singapore May Extend Crypto Regulation to Include Overseas Activities
21.7.2020
Under the central bank's proposals, Singapore regulation would end up covering the overseas activities of locally based crypto companies
BitLicense at 5: For Startups Regulated Overseas, New York Isn’t So Tough
24.6.2020
While some exchanges left New York in the wake of its implementing the BitLicense, others say the regulatory regime have helped build market share and revenue
Catch Nomad Capitalist Live At Playa Del Carmen
28.2.2020
The premier offshore consulting firm Nomad Capitalist is bringing you the world’s #1 offshore conference. From September 16-19, 2020, take in the beauty of Playa del Carmen, Mexico while learning how to create a life of freedom and prosperity on a global scale. Nomad Capitalist Live is four...
London-Based Crypto Custodian Copper Raises $8M for Expansion Overseas
17.2.2020
Copper uses its "Walled Garden" infrastructure to allow clients to trade crypto assets more securely from custody
Tencent Reportedly Building Digital Currency Business Unit + More News
24.12.2019
Crypto Briefs is your daily, bite-sized digest of cryptocurrency and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.
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Chinese internet giant and WeChat operator Tencent is reportedly putting together a digital currency research team....
Venezuela Becomes ‘Dollarized’ as Citizens Seek Refuge in Alternative Solutions
12.11.2019
Venezuela has been suffering from rapid inflation as the purchasing power of the sovereign bolivar has become near worthless. Over the last few weeks, Venezuelans have been dealing with blackouts throughout major cities, making credit card readers useless. Additionally, citizens are dependent...
Thai SEC Warns Public About New Crypto Scam Operating Overseas
25.8.2019
The Thai SEC has warned the public about a new scam posing as legal crypto trading firms operating outside Thailand
IRS Revoking Passports Shows How Government Erodes Everything We Hold Dear
17.8.2019
If you have outstanding tax debt, the IRS may now want to take your passport. For U.S. crypto holders still waiting on promised IRS guidelines for filing — especially those overseas who may have missed these warning memos — the over 400,000 agency notifications issued since February...
Ripple Could Be Best Solution For Overseas Payments In Emerging Markets
29.7.2019
Ripple has been pioneering DLT based global payments for a long time, partnering with over 200 companies, most of whom are banks and other financial institutions. Particularly, it is working hard in emerging markets, where global payments are a big issue. Making cross-border payments from...