Search Results for "virtual asset"
Crypto & the FATF: ING Develops Travel Rule Protocol for Tracking Crypto Transfers Ahead of FATF Plenary Meeting
The FATF has a wide range of recommendations, a total of 40 to ensure regulatory alignment between the compliance imposed on financial institutions and the regulations in its member states. The FATF Travel Rule is Recommendation 16, which has received a lot of attention from the crypto industry, especially virtual asset service providers (VASPs).
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).
Gemini Delves Deeper into Crypto Space with Nifty Gateway Acquisition
Gemini, a cryptocurrency exchange behemoth, has revealed the acquisition of Nifty Gateway, a famed platform for non-fungible tokens (NFTs), also called nifties. Expressly, nifties are used in powering the emerging economy of virtual goods and digital collectibles.
Is Bitcoin the Best Asset to Hold? Gold Bull Jeffrey Gundlach Calls BTC "The Stimulus Asset"
Jeffery Gundlach, a self-proclaimed gold bull has acknowledged that Bitcoin may be the stimulus asset.
Hong Kong Securities Regulator Aims to Tighten Digital Asset Regulations Later This Year
The CEO of the Hong Kong Securities and Futures Commission (SFC) recently stated that security tokens must be regulated by the regulatory authority.