Taxes

Starbox Group Holdings Ltd. Announces First Half of Fiscal Year 2023 Financial Results

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Time Stamp: August 29, 2023 11:37 AM - Modified On: August 29, 2023 - Published By:
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Revenue and Net Profit Increased with Technology Driven Services Revenue Accounted for Approximately 43.8% of its Revenue KUALA LUMPUR, Malaysia, August 29, 2023 / Plato / Amplifi. Starbox Group Holdings Ltd. (Nasdaq: STBX) ("Starbox" or "the Company”), a service provider of cash rebates, digital advertising, and payment solutions with a goal of becoming a comprehensive AI solutions provider within Southeast Asia, today announced its unaudited financial results for the six months ended March 31, 2023. Mr. Lee Choon Wooi, Chairman and Chief Executive Officer of Starbox, commented, “We are excited

International Government Leaders Talk Crypto & Digital Assets in Washington

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Time Stamp: April 26, 2023 5:43 AM - Modified On: April 26, 2023 - Published By:
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Washington, DC – The Government Blockchain Association (GBA) is set to host an event that will bring together government leaders to discuss the radical changes in money, cryptocurrency, banks, and central bank digital currencies (CBDCs). The conference, titled "The Future of Money, Governance, and the Law," will include law makers, regulators, innovators, and business leaders who are shaping the financial system. "The Future of Money, Governance, and the Law will bring together government leaders during this decisive time to examine changes in money and the laws governing it. We are

India Considering Registration, Taxation in Crypto Regulation

Source Node: https://beincrypto.com/india-considering-registration-taxation-in-crypto-regulation/
Time Stamp: November 19, 2021 10:01 AM - Modified On: November 19, 2021 - Published By:
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India’s government is planning regulations that could require coins to register before being listed and traded on exchanges.Sponsored Sponsored According to anonymous sources from Reuters, the process is intentionally cumbersome in order to deter investors from holding cryptocurrencies. Only coins that have been pre-approved by the government may be traded, with those holding other coins risking a penalty. This regulation would create a barrier of entry for thousands of peer-to-peer currencies if carried out. Another senior government source claimed that capital gains and other taxes, potentially amounting to over 40%,

This Country is promoting Crypto businesses, but here is the Catch

Source Node: https://coingape.com/this-country-is-promoting-crypto-businesses-while-imposing-strict-regulations-and-hefty-taxes/
Time Stamp: November 19, 2021 4:14 AM - Modified On: November 19, 2021 - Published By:
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The government of Laos issued exclusive crypto regulation guidelines this Tuesday, encouraging cryptocurrency mining operations and trading platforms in the nation, but assuring that the government also benefits from the industry. While attempting to pull off a rather commercial move as something charitable, Laos’ Minister of Technology and Communications, Dr. Boviengkham Vongdara backed the new guidelines, noting that the regulations are aimed at protecting legitimate rights and interests of both operators and users. Native and Financially proficient Crypto businesses allowed to operate According to the updated crypto policy, crypto mining

Former U.S. official says cryptocurrency not some ‘libertarian paradise’

Source Node: https://ambcrypto.com/former-u-s-official-says-cryptocurrency-not-some-libertarian-paradise/
Time Stamp: September 27, 2021 7:00 AM - Modified On: September 27, 2021 - Published By:
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Cryptocurrency has been around for a long time now. However, its mainstream adoption gained a boost lately with 2020 being a remarkable year. But 2021 saw a major push as countries and/or organizations across the globe have been accepting cryptocurrencies in some form or the other. That said, countries have also been working on cryptocurrency regulations to govern the process of exchanging through crypto. Something that can actually benefit these tokens. Former US Treasury secretary Lawrence Summers, while speaking to Bloomberg expressed his opinions concerning the cryptocurrency regulations. During this

Ten crypto exchanges in South Korea applied for registration hours before deadline

Source Node: https://bitcoinerx.com/bitcoin/ten-crypto-exchanges-in-south-korea-applied-for-registration-hours-before-deadline/
Time Stamp: September 26, 2021 3:45 AM - Modified On: September 26, 2021 - Published By:
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Only 10 out of dozens of cryptocurrency exchanges in South Korea were able to register with local authorities before time runs out on them on Friday, information on the country’s financial regulator’s website shows. On Friday, crypto exchanges Gdac, Five, OK-BIT, Graybridge, Flat Thai X, Prabang and digital currency custodian Gameper, to name a few, made progress in their registrations. South Korean authorities are still expecting at least 18 other crypto exchanges to complete their applications by Friday. In April, South Korea’s Financial Services Commission (FSC) required that all crypto

Panama’s crypto-bill will make it ‘compatible’ with crypto-assets, digital economy

Source Node: https://ambcrypto.com/after-el-salvador-panama-introduces-bill-to-regulate-cryptocurrencies/
Time Stamp: September 7, 2021 8:00 PM - Modified On: September 7, 2021 - Published By:
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As El Salvador became the first country to make Bitcoin legal tender, another Central American country took a step towards recognizing the importance of cryptocurrencies. The Republic of Panama, recently introduced its cryptocurrency bill. Panamanian Congressman Gabriel Silva, in a tweet thread, announced the same. According to him, the bill aimed to make Panama a “country compatible with the digital economy, blockchain, crypto assets, and the internet.” Moreover, use cryptocurrencies remained optional for individual citizens as well as businesses as per the said bill, which did not compel anyone to

Axie Infinity Maker Reminds Players to Pay Taxes

Source Node: https://thedefiant.io/axie-taxes/?utm_source=rss&utm_medium=rss&utm_campaign=axie-taxes
Time Stamp: August 27, 2021 3:35 PM - Modified On: August 27, 2021 - Published By:
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Axie Infinity, the gigantically popular play-to-earn game in the style of Pokemon, is helping gamers supplement their incomes and even make a living. Now the maker of the game and regulators are reminding users internet money will not free them from the tax man.  That seems to be the message behind a tweet from Sky Mavis, the company that makes the Axie universe, in which it wrote, “Sky Mavis encourages Axie community members to abide by the laws of their home countries.”The comment was posted shortly after a report in the

Indian Central Bank Could Launch CBDC Trials by December

Source Node: https://beincrypto.com/indian-central-bank-could-launch-cbdc-trials-by-december/
Time Stamp: August 27, 2021 2:20 PM - Modified On: August 27, 2021 - Published By:
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The Reserve Bank of India (RBI) could launch its first digital currency trials by December, according to central bank governor Shaktikanta Das.Sponsored Sponsored The RBI is currently studying different aspects of digital currencies, including their security, potential impact on India’s financial sector. The central bank must also consider how a digital rupee would affect monetary policy and currency in circulation. “We are being extremely careful about it because it’s completely a new product, not just for RBI, but globally,” Das explained.Sponsored Sponsored According to Das, the central bank is also

Roger Ver Promotes Dash on Reddit

Source Node: https://beincrypto.com/roger-ver-promotes-dash-on-reddit/
Time Stamp: August 18, 2020 2:52 PM - Modified On: May 21, 2021 - Published By:
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In a somewhat surprising turn of events, Roger Ver, the co-founder of Bitcoin fork, Bitcoin Cash (BCH), today told users to buy DASH on Reddit. The statement came as a result of users requesting an Infrastructure Funding Plan (IFP) for BCH.  The Dash Twitter world was quick to point out Ver’s statement: As a founder of his own cryptocurrency, Ver does not often shill other coins, and his endorsement isn’t always a positive thing. Ver has been an outspoken critic of the parent Bitcoin chain for years, saying that Bitcoin

Lukka Co-CEO Explains How Blockchain Data Saves on Taxes

Source Node: https://cointelegraph.com/news/lukka-co-ceo-explains-how-blockchain-data-saves-on-taxes
Time Stamp: August 16, 2020 5:00 AM - Modified On: May 21, 2021 - Published By:
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On July 30th, over thirty of crypto’s top minds gathered for the largest single-day livestream trading event of its kind. Nine star-studded panels included mainstream trading expert Jon Najarian, macro investors Mike Novogratz and Raoul Pal, and technical analysis specialists Erik Crown and Tone Vays, among many others. Head over to the Cointelegraph YouTube channel now to watch the full recording of Cointelegraph Crypto Traders Live!The Cointelegraph Crypto Traders Live event was made possible by data company Lukka. Lukka focuses on processing blockchain and tokenized asset data to support normal

Former Prudential Securities Chief Executive Ball Bats for Bitcoin

Source Node: https://cointelegraph.com/news/former-prudential-securities-chief-executive-ball-bats-for-bitcoin
Time Stamp: August 15, 2020 4:00 PM - Modified On: May 21, 2021 - Published By:
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Former Prudential Securities chief executive and current chairman of Sanders Morris Harris George Ball sees Bitcoin as a safe haven for those looking for different investments. In an interview with Reuters on August 14, Ball admitted he was previously a “Bitcoin opponent” but, with the government participating in the financial markets, he’s seen the value of Bitcoin and other cryptocurrencies. “I’ve never said it before, but I’ve always been a blockchain and Bitcoin opponent but if you look now, the government can’t stimulate the markets forever. The liquidity flood will end and