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Democrats in the US House of Representatives want to close the tax loophole for crypto investors

US House Democrats have proposed closing a tax loophole for cryptocurrency investors by treating digital assets like stocks rather than real estate. Currently, crypto transactions that lose money can be counted as capital losses, which can reduce the tax burden. Since the Internal Revenue Service (IRS) views digital assets as property, crypto investors can claim…

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Singapore’s largest bank, DBS, sees rapid growth in crypto industry and strong investor demand

Singapore and Southeast Asia’s largest bank, DBS Group Holdings, says its crypto business “is growing very rapidly.” The bank’s digital asset trading platform plans to double its membership by the end of the year. Singapore’s DBS Expects Significant Growth in Crypto Business DBS executives said in an interview released Monday by Reuters that the bank…

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Doha Investment

Doha Investment provides the top online possessions for online investment, risk management and advisory services to both institutional and individual investor around the globe. We offer a variety of products and functions of asset classes for all type of investors including Forex, Index, Stock and investment in various fund.Our investment philosophy is based on a…

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Ukraine Regulates BTC and Gives Official Green Light Secret

Ukraine is now the last country in the world to legalize and regulate bitcoin and cryptocurrencies. Until now, the world’s largest digital resource has been in a gray area within the country’s borders, but now it appears that the nation is making progress in using BTC, suggesting that the resource is becoming much more common…

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Germany overtakes the United States with Bitcoin nodes

For the first time, Germany has more Bitcoin nodes than the United States, according to an analysis of Bitnodes data. There are currently more than 10,000 matched Bitcoin nodes in the world, or nodes that allow inbound connections. Of these, 1,833 are in Germany and 1,821 in the United States, France third with 549, while…

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Look for these 6 features on a crypto exchange

Interest in cryptocurrencies has spread around the world. As more and more people want to participate and invest in digital currencies, the demand for good cryptocurrency trading platforms is increasing. The number of exchanges and brokers is growing and it can be difficult to decide which one to choose when you start buying and selling…

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US crypto exchange CrossTower expands to India

CrossTower is banking on the growing cryptocurrency market in India despite the uncertainty about the legal status of Bitcoin in the country. The US-based cryptocurrency exchange CrossTower is expanding its activities to India despite the current legal uncertainty regarding local crypto regulation. CrossTower has created a local division in India and launched a cryptocurrency trading…

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South Korea awards security certificate to first cryptocurrency company

Regulation and compliance are the buzzwords if a company is to be successful in the current legal environment of the cryptocurrency industry. Many companies around the world are stepping up their self-regulatory and enforcement efforts to comply with the law. Presumably a crypto trust company in South Korea was the first to be certified for…

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El Salvador buys first 200 BTC, confirms President Bukele

El Salvador is the first country in the world to recognize Bitcoin as legal tender. Despite opposition from local groups, the government believes cryptocurrency will be of net benefit to the economy and society. The President of El Salvador, Nayib Bukele, confirmed on Monday that his government had bought its first 200 Bitcoin (BTC) before…