Russia’s Federation Council has approved an important cryptocurrency tax bill, marking a significant step in regulating digital assets in the country. Set to come into effect after President Vladimir Putin’s signature, the law introduces a maximum tax rate of 15% on Bitcoin and other digital currencies, aligning them with securities income taxes. Also, mining operations ...
MicroStrategy, once known for its software, has transformed into a major player in the bitcoin Market, raising an astounding $42 billion in equity and debt while holding nearly 2% of all bitcoins. The company’s strategy involves selling shares and convertible bonds to invest in bitcoin, which boosts its stock price and creates a cycle of ...
This year has been remarkable for the stock Market, with major indexes like the Dow, S&P 500, and Nasdaq reaching multiple record highs, mainly driven by excitement around artificial intelligence and stock-split enthusiasm. However, cryptocurrencies, particularly Bitcoin, have significantly outperformed these indexes, boasting a staggering 118% increase in 2024. MicroStrategy, a firm that champions Bitcoin ...
The stock Market has seen remarkable gains in 2024, with major indexes like the Dow, S&P 500, and Nasdaq reaching record highs, thanks to factors like artificial intelligence and political optimism. However, cryptocurrencies have outperformed these traditional markets, with Bitcoin soaring 118% year-to-date. MicroStrategy, a company that heavily invests in Bitcoin, has gained an astonishing ...
Hyperscale Data, Inc. has announced that it has mined a total of 640 Bitcoin in 2024, with around 380 of those mined at its Michigan facility. The remaining 260 Bitcoin came from previously hosted machines at Core Scientific, Inc. CEO William B. Horne expressed satisfaction with their Bitcoin mining operations as the company transitions toward ...
Russian President Vladimir Putin has approved a new law that officially recognizes digital currencies as property in foreign trade. This law introduces tax exemption for cryptocurrency mining and related sales from value-added tax (VAT). However, operators of mining facilities must report their clients to tax authorities to avoid fines. Mining profits will be taxed as ...
Russian President Vladimir Putin has recently signed a law that officially recognizes digital currencies as property for foreign trade settlements. This new legislation includes significant updates to the tax framework for cryptocurrency activities. Specifically, crypto mining and sales will be exempt from value-added tax (VAT), but operators must inform tax authorities about their clients or ...
President Vladimir Putin has signed a new law aimed at regulating cryptocurrency mining and transactions in Russia. This law acknowledges digital currencies as property and amends the country’s Tax Code. While cryptocurrency mining and sales will not incur value-added tax, operators must report their activities or face fines. Cryptocurrency trading will attract a 13% income ...
BiyaPay, a leading FinTech platform, has announced a significant reduction in cross-border payment fees, benefiting international users. This move highlights BiyaPay’s dedication to creating cost-effective global payment solutions as the financial landscape evolves with advancements in FinTech and cryptocurrencies. By leveraging innovative technologies, BiyaPay is transforming the cryptocurrency cross-border payment sector, enabling seamless and low-cost ...
The UK is set to introduce a comprehensive cryptocurrency regulation framework by early 2025, targeting stablecoins and clarifying the legal status of staking services. The Treasury has confirmed that stablecoins will not fall under UK payments regulation, aiming to foster innovation while ensuring safety through oversight by the Financial Conduct Authority (FCA). This framework also ...
