Online trading platform Robinhood has announced its plans to launch its stock-exchange application in the United Kingdom as part of its ongoing efforts to expand internationally. The company’s co-founder and CEO, Vladimir Tenev, revealed in an interview with Bloomberg that Robinhood has already opened a waitlist for early access to the app. Tenev stated that […]
The UK’s HM Revenue and Customs (HMRC) has introduced a new system for taxpayers to voluntarily disclose any unpaid tax on digital assets, including cryptocurrencies like Bitcoin, NFTs, and utility tokens. This initiative aims to increase oversight of the nascent asset class and help taxpayers rectify their tax affairs while potentially avoiding severe penalties and […]
Switzerland-based asset management firm Pando Asset AG has filed for a spot Bitcoin exchange-traded fund (ETF) with the Securities and Exchange Commission (SEC). The ETF, if approved, would be listed on Nasdaq under the ticker PBC. Pando has partnered with the Bank of New York Mellon (BNY Mellon) as the trust’s administrator and Coinbase as […]
In a joint operation by the FBI and Dutch Financial Intelligence, Sinbad.io, a cryptocurrency mixing service, has been seized by the U.S. Treasury Department. The move is part of a broader crackdown on illicit activities in the crypto space. Sinbad.io, which gained notoriety as a preferred choice for North Korean-state sponsored hacking organization Lazarus, was […]
In a surprising turn of events, renowned football star Cristiano Ronaldo is facing a class-action lawsuit in the United States. The legal action stems from allegations that Ronaldo’s endorsement of cryptocurrency exchange Binance resulted in financial losses for investors. The plaintiffs, Michael Sizemore, Mikey Vongdara, and Gordon Lewis, claim that Ronaldo’s promotion led them to […]
The UK government has implemented new guidelines for reporting and paying taxes on cryptocurrency assets. Individuals and entities dealing with cryptoassets must comply with these guidelines to ensure tax obligations are met. Failure to report earnings can result in penalties and interest charges. Taxpayers must initiate a voluntary disclosure through the Government Gateway and provide […]
The Bank for International Settlements (BIS) Innovation Hub has released its final report on Project Tourbillon, an initiative focused on developing a “private CBDC” (central bank digital currency). The report explores the concepts of privacy, security, and scalability through the use of two prototypes called eCash 1.0 and eCash 2.0. These prototypes, based on the […]
Pro-soccer star Cristiano Ronaldo is facing a proposed class-action lawsuit from plaintiffs who claim they suffered losses due to his promotion of the crypto exchange Binance. The lawsuit alleges that Ronaldo actively participated in the sale of unregistered securities in coordination with Binance. Ronaldo had entered into a partnership with Binance in mid-2022 to promote […]
Private Debt is a booming form of credit financing that is gaining popularity in the financial world. These loans are privately issued and traded, away from the public markets, making the transactions largely hidden from the public eye. Unlike traditional bank loans, private debt is typically provided by non-bank entities such as private equity firms, […]
In an effort to strengthen control and oversight in the world of cryptocurrency taxation, Spain has implemented new regulations requiring residents to declare their crypto assets held on non-Spanish platforms. The country’s tax agency has introduced a dedicated declaration form, known as Form 721, which individuals and businesses must use to report their holdings for […]
