# UK digital services tax targets crypto exchanges

# UK digital services tax targets crypto exchanges

“# UK digital services tax targets crypto exchanges ” A recent update to Her Majesty’s Revenue and Customs (HMRC) regulations has introduced a digital services tax that will be levied on cryptocurrency exchanges operating in the United Kingdom. Crypto exchanges in the UK will now have to pay a 2% digital services tax according to…

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# OKEx shared insights on trading, regulation, DeFi and more during recent Markets Pro AMA

# OKEx shared insights on trading, regulation, DeFi and more during recent Markets Pro AMA

“# OKEx shared insights on trading, regulation, DeFi and more during recent Markets Pro AMA ” Founded in 2017, OKEx is a centralized cryptocurrency exchange based in Seychelles. According to CoinGecko, OKEx is the world’s third-largest cryptocurrency brokerage, with nearly $12 billion in trading volume within the past 24 hours. The exchange lists 312 coins…

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# Two MAS-regulated Bitcoin funds launch in Singapore

# Two MAS-regulated Bitcoin funds launch in Singapore

“# Two MAS-regulated Bitcoin funds launch in Singapore ” Singapore-based fund manager Fintonia Group has launched two institutional-grade Bitcoin (BTC) funds approved by the Monetary Authority of Singapore (MAS). The new funds, the Fintonia Bitcoin Physical Fund and the Fintonia Secured Yield Fund, are intended to provide simple and secure exposure to Bitcoin for professional…

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# New German government cites crypto in coalition agreement

# New German government cites crypto in coalition agreement

“# New German government cites crypto in coalition agreement ” The new German government has cited crypto in its coalition agreement, advocating for an equal playing field between traditional finance and “innovative business models.” Three German political parties agreed to a coalition deal this week that will see left-leaning Social Democrats (SDP), the Green Party…

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# South Korean regulator proposes strict new rules for token issuers

# South Korean regulator proposes strict new rules for token issuers

“# South Korean regulator proposes strict new rules for token issuers ” South Korea’s Financial Services Commission (FSC) has issued a report outlining its new definition of cryptocurrencies, along with proposed procedures for token issuers and punishments for non-compliance. The mooted rules could impose onerous regulations on individuals or platforms that mint non-art NFT’s intended…

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