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How to Mount a Tax Defense for Unreported Crypto Income The vast majority of individuals with unreported cryptocurrency income have options available to mitigate and defend against civil penalties and criminal prosecution. For those who received a Coinbase letter, the options are more limited; most will be audited and some will inevitably face the more drastic ...
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FCA Clarifies Stance on Cryptocurrency Offerings, Only Derivatives Regulated The UK's financial watchdog, the FCA, has issued a new statement today, clarifying the regulator's stance on offering cryptocurrency derivatives. The document outlines that companies providing cryptocurrency derivatives need to be authorized financial services providers. Such instruments include ...
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SBP issues warning against cryptocurrency transactions ... can cause significant loss to the General Public," it added. It is noteworthy that foreign remittances, even from countries that have permitted cryptocurrency trade, would not be processed either, since no person or company is legally allowed to accept or send payments via any kind of digital currencies.
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FCA issues cryptocurrency derivatives warning We are aware of a growing number of UK firms offering so-called cryptocurrencies and cryptocurrency-related assets. As indicated in our Feedback Statement on DLT, cryptocurrencies are not currently regulated by the FCA provided they are not part of other regulated products or services.
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GAIN gains on expansion of Cryptocurrency Operation GAIN Capital Holdings, Inc. (NYSE: GCAP) strengthened on Friday markets after the company announced it has expanded its cryptocurrency offerings to include Ethereum, Litecoin, Ripple and Bitcoin Cash. The company, based in Bedminster, New Jersey, boasts of its statust as a global leader in online ...
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Bitcoin Price Falls to $6600 as Cryptocurrency Market Struggles Only a day after slipping under the $7,000 threshold, bitcoin momentarily dipped to $6,575 on Friday, a low that it previously sunk to on April 1. At 11:45 a.m. Eastern, the world's largest cryptocurrency by market capitalization is valued at $6,594, as most of the top tokens are inundated in a sea of red, ...
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