While most countries are still undecided on how to regulate crypto, Australia is well ahead of the pack in formulating regulations around cryptocurrencies and allowing growth of this industry in a secure environment. Australia, much like Switzerland and Singapore, has a friendly approach towards the crypto industry this attracting investments from global firms. Crypto […]
Crypto Assets – OECD Uniform Tax Framework 2021
The Organisation for Economic Co-operation and Development (OECD), an intergovernmental organization that promotes better economic policies, is planning to issue a tax reporting framework for crypto assets by 2021. In a report published early October 2020, the OECD said it is “advancing its work to design a tax reporting framework that will ensure tax transparency […]
Cyprus as a Destination for FinTech companies
Cyprus has become an increasingly attractive FinTech Hub, as the, Financial services remain the fastest growing sector of the Cypriot economy. Firstly, Cyprus has a strong and sophisticated financial services center with a full legal framework. The Cyprus Securities and Exchange Commission (CySEC) governs activities and ensures financial regulations and operations comply with the European MiFID […]
Bitcoin ETFs – The Future of Cryptocurrency Market
It seems inevitable that two of the hottest areas of the investment world would meet up sooner or later. For cryptocurrency enthusiasts and investors looking to capitalize on the growing popularity of exchange-traded funds (ETFs), the possibility of an ETF that tracks bitcoin is the best opportunity for this type of connection. However, there have been growing pains and problems in […]