Brazil Regulatory Authorities crack down on tax

The Department of Federal Revenue of Brazil (RFB) has released new rules requiring that cryptocurrency exchanges inform the RFB about their users’ transactions in order to identify tax fraud.   This isn’t the first example of regulatory authorities cracking down on tax. For instance, in the US, the IRS expects every individual’s cryptocurrency transactions to be reported and taxable gains calculated. Blockchain Industry leaders comment:-   Andre Kalinowski, co-founder of PARSIQ, a blockchain monitoring and intelligence platform, commented: Exchanges need to be prepared for detailed auditing by tax authorities and…

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SEC Chairman Confirms Ethereum is Not a Security

In response to the news that the US Securities and Exchange Commission Chairman, Jay Clayton, has confirmed that Ethereum is not a security, some initial reactions from executives in the space were noted. In correspondence analysing a report from the Division of Corporate Finance, William Hinman, Clayton reiterated that “if the network on which the token or coin is to function is sufficiently decentralized” then it is not subject to securities law.   The below crypto industry executives have provided expert commentary on the significance this has on projects in…

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ICOs growing less, but growing up — Report from PWC & CVA Reveals Key Industry Trends

PwC Strategy and Crypto Valley Association (CVA) recently published the 2019 ICO/STO report, which illustrates that the overall ICO and STO landscape is entering a new phase of maturity.     In the second half of 2018, the number and volume of ICOs and STOs decreased considerably for various reasons however, the amount raised increased, and the amount of successful ICOs/STOs doubled when compared to 2017. All of this leads to signs of increased quality and maturity in the industry. Crypto industry executives provide expert commentary on what the findings…

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