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Japan to Exempt Companies From Unrealized Crypto Gains Tax – Report


Source: Pixabay Japanese lawmakers discussed Tuesday on plans to exempt companies from paying tax on unrealized cryptocurrency gains. The proposal is set to be included in the fiscal 2024 tax reform plan. According to a Nikkei report, the proposal is being discussed by the country’s ruling...

Best Crypto to Buy Now October 25 – Conflux, Chainlink, Aptos


With the cryptocurrency market seeing ongoing positive price movement, analysts highlight Conflux (CFX), Chainlink (LINK), Aptos (APT), Bitcoin Minetrix, and TG.Casino as potential picks for the best crypto to buy now. Conflux has been making headlines with its impressive price performance for...

Russia Gov’t Wants to Use Its CBDC for Tax Collection, Paying Benefits


Russia’s government intends to use the digital ruble to make welfare payments, and wants citizens to use the CBDC to pay their taxes. Per Finam, the Central Bank and the Ministry of Finance say they are “exploring the possibility of using the digital ruble for government payments,” and want...

(One Part of) SBF's Defense Strategy Starts Paying Off


All three of Sam Bankman-Fried’s “inner circle” members have now testified against the FTX founder, and all three have presented similarly on the witness stand: clearly rehearsed, adamant that the FTX founder was in charge and careful not to stray too far from their well-practiced narratives. They...

China Says Overseas Visitors Are Using e-CNY, Paying More Salaries with CBDC


Chinese officials say uptake for the digital yuan is rising among overseas visitors – while more citizens are receiving their salaries in CBDC wallets. Per the Hangzhou Daily, state-run banks in the Hangzhou Asian Games Village “welcomed delegations [athletes and coaches]” from across Asia...

More Chinese Firms Paying Workers in Digital Yuan


More Chinese companies are using the digital yuan to pay their workers, as Beijing looks to spur the adoption of its CBDC. Per the Huizhou Daily, the latest firm to trial paying staff in CBDC is a state-run bureau, a body that overseas finances at the Zhongkai High-tech Industrial Development...

Colorado DMV Accepts Crypto Payments Through Paypal


The Colorado Department of Motor Vehicles (DMV) has announced it accepts cryptocurrency for its online services via the payment processor Paypal. Besides paying local taxes with coins, residents of the crypto-friendly state will be able to use their digital cash to renew driver’s licenses...

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