Cryptocurrency Latest News & Updates
His Majesty’s Revenue and Customs Strengthens Cryptocurrency Tax Regulations in the UK
The United Kingdom government, known for strict cryptocurrency regulations, strengthens rules through HMRC empowerment. Moreover, this decision expands scrutiny to individuals, demanding detailed transaction information from citizens and businesses. Therefore, HMRC is authorized to enforce more stringent reporting procedures, reflecting a robust regulatory stance. In addition to this, the move extends beyond companies, marking a...The ...
Read MoreCritical Milestone Reached as SEC Reviews Franklin Templeton’s Bitcoin ETF Application
The Securities and Exchange Commission (SEC) has initiated a pivotal phase by opening the public comment period for Franklin Templeton, a prominent asset management firm, and their application for a spot Bitcoin Exchange Traded Fund (ETF). Analysts view the SEC’s proactive stance as a positive development, commending its early commencement of the process. Positive Reception...The post ...
Read MoreRevealing State-Operated Bitcoin Mining Centers in Bhutan
In a recent revelation, Bhutan, a South Asian country neighboring China, has been identified as hosting government-owned Bitcoin mining facilities. This discovery sheds light on a strategic move by the Bhutanese government to compensate for the decline in tourism revenue due to the pandemic by venturing into Bitcoin mining. The mining facilities, strategically scattered across...The post ...
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