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South Korea’s ruling party considers three-year grace period for crypto taxes

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A local news publication in South Korea recently reported that the current government is considering delaying the implementation of the cryptocurrency tax for another three years. So, instead of January 2025, the Korean government will stop taxing cryptographic capital gains until January 2028. Cryptocurrency Tax Relief Will Likely Be Provided to South Korean Investors Cryptocurrency…

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Brazilian Tax Department will examine foreign cryptocurrency exchange operations

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Brazil’s Federal Revenue Service is expected to increase scrutiny of foreign digital asset exchanges operating within its borders, with the aim of strengthening regulation and transparency in the burgeoning sector. The national tax authority seeks to collect operational data from platforms such as Binance, Coinbase and Kraken, despite the need for a well-defined regulatory framework…

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Neutronpay and Pouch.ph Partner to Offer Affordable Shipping to Canada and Vietnam Using Lightning

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Neutronpay, a digital payment platform based in Canada, has partnered with Pouch.ph to offer fast and affordable remittance services to Filipinos living in Canada and Vietnam. According to a press release sent to Bitcoin Magazine, the association aims to provide a safe and cost-effective solution for Filipino expatriates who want to send money to their…

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Robinhood Starts Allowing Bitcoin Withdrawals

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The trading app has started the beta phase of its bitcoin wallet feature, allowing a subset of users to self-fund their coins. Robinhood has started rolling out its long-awaited bitcoin withdrawal feature. The company said in a statement Thursday that some users on the WenWallets waiting list have begun participating in the functionality as beta…

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Cryptocurrency exchange Bitfinex stops serving Ontario customers, asking users to withdraw funds

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Cryptocurrency exchange Bitfinex has asked its Ontario users to withdraw their funds as they will no longer have access to any services offered by Bitfinex in March. Bitfinex stops providing services to Ontario customers Cryptocurrency exchange Bitfinex announced Friday that it is making changes to the services it provides to Ontario customers. Effective immediately, the…