[ad_1]
Hack-victim Coincheck gets a new Japanese license: Nikkei is pointing out that the Coincheck in Japan is to get his license back after suffering a $ 530 million violation in January, one of the biggest in the history of the crypt. Reuters reports that Coincheck, which claims to have repaid approximately $ 400 million to investors, had operated on a provisional basis since sending and was then ordered twice by the Japanese regulator to improve its internal controls. In April, Monex, Japan's third largest online brokerage company, completed a $ 32 million acquisition of Coincheck and this led to improved governance.
Traditional Asian cryptographic ambitions face insurance obstacles: Reuters reports that Asian trades and traders are both at risk of hacking and theft and do not have the necessary insurance to deal with losses. Industry experts say that getting buy-ins from insurers would allow the industry to attract investment from leading asset managers. "Most institutional encryption companies want to buy adequate insurance, and in many cases, getting an adequate insurance coverage is a regulatory or legal requirement," Henri Arslanian, PwC Fintech and Crypto told Reuters. leader for Asia. "However, getting this coverage is almost impossible despite their best efforts".
Death knell sounds Bitmain Hong Kong IPO: Bitcoin, the Chinese producer of bitcoin extraction equipment, is having difficulty convincing regulators that it should be allowed to have an initial public offering in Hong Kong, according to various media sources. "HKEX will be particularly cautious and concerned about regulatory uncertainty stemming from the IPOs of bitcoin mining producers in Hong Kong," said Frank Coin, a partner of the Hong Kong international law firm Ashurst, at CoinDesk. "Coupled with the potential market speculation that has been recently reflected on the price of Bitcoin, it is even more difficult to present a sustainable business model for this industry."
Blockchain an advantage for food safety: Irish researchers argue that distributed ledger technology offers greater efficiency, transparency and traceability to trade in food supply chains. The University College Cork-Teagasc research project has highlighted scandals such as the sale of horsemeat as beef and the contamination of strawberries with needles in Australia as examples. China, in particular, is a country that is already developing a solid system of use of blockchain for medicine and food supplies.
The British taxi driver knocks on the crypt door: The United Kingdom has published its first detailed tax legislation on digital currencies and the holders will be asked to pay taxes on capital gains or income taxes, depending on the type of cryptocurrency transactions in which they are involved. "In the vast majority of cases, individuals hold cryptographic assets as their personal investment, usually for capital appreciation in its value or for making particular purchases.They will be required to pay capital gains tax when they dispose of their cryptographic assets, "says a new government advisory. He also says that mining, launching or financial trading will be considered as subject to income tax.
Keep reading
[ad_2]Source link
