Simplify financial decision-making

Chinese authorities have reportedly cracked down on a $2.2 billion underground banking operation that used foreign virtual currency trading platforms to help clients bypass the country’s capital controls. The operation involved underground banks purchasing virtual currencies and then selling them through overseas trading platforms to obtain foreign currency, thus circumventing China’s strict foreign exchange regulations. […]

Hong Kong is considering accepting and regulating fiat-referenced stablecoins (FRS) through a proposed licensing regime. The Financial Services and the Treasury Bureau (FSTB) and the Hong Kong Monetary Authority (HKMA) have published a consultation paper outlining the requirements for obtaining a license. The proposed criteria include full backing of stablecoins with reserves, segregation and safekeeping […]

Japan is set to approve a revision to its taxation law that will provide tax relief for companies holding cryptocurrency on their books. The reforms, if approved, will come into effect in the 2024 fiscal year. The revision includes specific conditions for assessment and inclusion, such as requiring firms to hold cryptocurrency issued by a […]

Japan is set to approve a revision to its taxation law that will provide tax relief for companies holding cryptocurrency on their books. The reforms, if approved, will come into effect in the 2024 fiscal year. The revision includes specific conditions for assessment and inclusion, such as requiring firms to hold cryptocurrency issued by a […]