A proposed new tax form, Form 1099-DA “Digital Asset Proceeds from Broker Transactions,” for reporting digital asset transaction profits has been made public by the United States Internal Revenue Service (IRS), the nation’s tax agency. The form is anticipated to be implemented in 2025 with reporting scheduled for 2026. Feedback
Gate.io is excited to announce the official launch of its Wealth Management flagship product – the Quant Fund, a groundbreaking wealth management solution designed for high-net-worth investors keen on exploring the digital assets space. We warmly invite you to be a part of this pioneering journey in wealth accrual by
Earlier this week, the DIFC, a tax-free special economic zone in Dubai announced the approval of its fresh Digital Assets Law. To better serve investors and users of digital assets, as well as to ensure that the DIFC can keep up with the rapid technological change in global trade and
The Virtual Assets Regulatory Authority (VARA) in Dubai has granted initial approval to Nexo, a digital asset service provider. Nexo DTC, Nexo’s regional organization, has reached a major milestone in its pursuit of complete licensure for a number of activities, including Broker-Dealer operations, Lending & Borrowing, and Management & Investment.
Developments within concepts like central bank digital currencies (CBDCs) and approvals of Bitcoin Spot ETFs earlier this year have sped up the process of removing the disconnects that have long been existing within the traditional financial systems and the world of cryptocurrencies. Enfineo in particular aims to bridge that gap
JasmyCoin (JASMY), the leading cryptocurrency project in Japan, has displayed a significant surge in value over the past few days. According to CoinMarket data, JASMY has soared by over 30% in the last 24 hours, reaching $0.0124, marking a staggering 93% increase in just one week. This surge coincides with
HyperBC is a key player in the digital asset custody and payment solutions sector. Committed to ensuring asset security and promoting financial freedom, HyperBC offers a comprehensive range of services, including asset custody, merchant payments, clearing, and other financial solutions. Review the HyperBC security architecture Firstly, regulatory adherence is crucial.
The cryptocurrency trading platform Joy Universe (ju.com) officially announced to the public that Exor Digital Holdings Limited, a global player in the digital innovation and technology sector, has completed the full acquisition of the original Jubi digital trading platform. Exor Digital Holdings Limited now holds 100% ownership of Jubi and
The collapse of several high-ranking financial institutions in 2023 – led by Signature Bank and Silicon Valley Bank (SVB) bank – created a ripple effect that led many investors to look more thoughtfully into digital assets and decentralized financial services. A recent report has shown that the crypto market boasts
It’s becoming more and more commonplace to explore the tokenisation of real-world assets (RWAs) in the last couple of years, with innovative, blockchain-based projects popping up in a variety of industries with the goal of replicating asset values on the blockchain. We’ve seen interest in this process in everything from
