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PwC Expert's Take: What Are the 3 Grey Areas to Crypto Taxation in Hong Kong?

PwC Expert's Take: What Are the 3 Grey Areas to Crypto Taxation in Hong Kong?

The Inland Revenue Department (IRD) of Hong Kong took a step further to provide clarity in taxing digital assets. In the recent press release titled “LCQ20: Regulation of virtual asset investment activities”, James Lau, the Secretary for Financial Services and the Treasury answered the queries raised by the Hon Wu Chi-wai on taxation of virtual assets, tax evasion of virtual asset-related business and latest effort to regulate virtual assets by the Hong Kong Securities and Futures Commission (SFC).

IOTA Introduces a New Database for the Release of an Updated Version of Pollen Testnet, V0.3.2

IOTA Introduces a New Database for the Release of an Updated Version of Pollen Testnet, V0.3.2

IOTA recently announced the release of a new version of its Pollen testnet, v0.3.2. What's new with this version of Pollen?

OKB Token Price Rises Over 10% on News of OKEx Exchange Founder’s Release

OKB Token Price Rises Over 10% on News of OKEx Exchange Founder’s Release

Circulating rumors of OKEx exchange founder Mingxing “Star” Xu’s release from the custody of Chinese authorities has seen the OKB token surge over 10% today.

Facebook’s Libra Developers Release Initial Roadmap

Facebook’s Libra Developers Release Initial Roadmap

The developers behind Facebook’s cryptocurrency project Libra have released their initial roadmap outlining the milestones they plan to achieve prior to the mainnet launch of the Libra blockchain.

Russia’s Detained Opposition Leader Alexei Navalny receives $120,000 in Bitcoin Donations as Protests Rage in Moscow

Russia’s Detained Opposition Leader Alexei Navalny receives $120,000 in Bitcoin Donations as Protests Rage in Moscow

Russian’s are using Bitcoin to support detained political opposition leader Alexei Navalny who was recently arrested on Jan. 17 as thousands protest in Moscow for his release.

New York Times Square Billboard Demands Release of Silk Road Darknet Drug Trafficker

New York Times Square Billboard Demands Release of Silk Road Darknet Drug Trafficker

A billboard in Times Square has been hired by the ‘Free Ross’ movement as part of a campaign to release the Ross Ulbricht, founder of the Silk Road drug trafficking marketplace on the darknet.

Telegram to Release Financial Statements to the SEC in Gram Token ICO Case

Telegram to Release Financial Statements to the SEC in Gram Token ICO Case

The United States Securities Exchange Commission (SEC) has asked Telegram to release its financial statements, which includes bank records as the regulator believes will prove the misconduct in the $1.7 billion offering of Gram tokens.

Bitclub Crypto Ponzi Scheme Suspects Petition Court For Release Citing Coronavirus Fears

Bitclub Crypto Ponzi Scheme Suspects Petition Court For Release Citing Coronavirus Fears

Two men accused of operating a crypto Ponzi scheme, the BitClub Network, which defrauded thousands of investors out of $722 million, have requested a New Jersey federal court to grant them a temporary release. The two prisoners have petitioned a New Jersey federal judge as they fear they could contract the coronavirus if they are not freed from the enclosed county jail environment.

Anycoin Direct Launches Innovative New Platform

Anycoin Direct Launches Innovative New Platform

Veghel, NL, Release: 28 April 2020.

Nigerian Securities Commission to Release Official Guidelines on Crypto Regulations

Nigerian Securities Commission to Release Official Guidelines on Crypto Regulations

The Nigeria Securities and Exchange Commission has announced a proposed crypto regulation guideline.

Ethereum Revamps Website And Transitions to Staking with Latest Testnet Release

Ethereum Revamps Website And Transitions to Staking with Latest Testnet Release

Ethereum Foundation is transforming their website and adding new designs to ethereum.org to deliver a more user-friendly and educational experience for the Ethereum community.

Cardano’s Allegra Hard Fork Scheduled for Next Week, Node Release 1.24.2 Successfully Deployed

Cardano’s Allegra Hard Fork Scheduled for Next Week, Node Release 1.24.2 Successfully Deployed

The next Cardano protocol update, which includes the hard fork combinator (HFC) event Allegra, will take place on Dec. 16.

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