UK Tax Office Clarifies Crypto Position And New Tax Laws

Her Majesty’s Revenue and Customs (HMRC) office, the top office for taxes in the UK, recently released its new guidelines for cryptocurrency taxation. They will apply to both individuals and businesses. This is a major move by the office since

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Aussie Net Worth Falls In Global Wealth Report 2019

Australia is a bit poorer now as the net worth of the Australians has fallen significantly. This is mostly because of the decline in the Australian dollar and the weak Australian market. The average wealth of Australian adults is now

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CBR Looking At FX Trading Loopholes By Payment Providers

The Bank of Russia continues its crusade against forex trading and is now taking a shot at payment providers. The central bank has identified 140 companies that it says illegally offer forex trading to Russian consumers. This continues the war

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Ireland Grants Coinbase An e-Money License To Operate In The EU

Brexit hasn’t affected the fintech industry in the United Kingdom as much as the financial sector. These concerns have also hampered cryptocurrency companies who have considered moving out of the UK to mitigate these risks. Coinbase which has its non-US headquarters in London recently announced

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China’s Removal of QFII & RQFII Caps Will Not Impact FX Market

Foreign investors who wanted to pump money into China were earlier limited by the qualified foreign institutional investors (QFII) scheme and the renminbi qualified foreign institutional investor (RQFII) program. These two restrictions turned out to be a big hurdle in

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Japan’s LINE Launches Crypto Exchange With 5 Currencies

If there is anything that encourages people to use cryptocurrencies, it is being able to access it more easily. With the opening of Line’s new BitMax crypto exchange, there is a bigger chance for cryptocurrencies to be accepted more freely

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BEAC Issues Tougher FX Rules To Curb Money Laundering

The Banque des États de l’Afrique Centrale (BEAC) has been in a crisis state now when it comes to forex and money laundering. The BEAC recently issued new rules to control both these activities but the new laws have upset

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Cboe FX Sees Spike In Average Trading Volumes Last Month

Cboe Global Markets, Inc. is one of the biggest names in the market it comes general trading. The company offers a wide range of products and services when it comes to trades. This is not surprising considering the company runs

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ECB President-elect Calls for Fiscal Stimulus in Europe

Christine Lagarde who heads the International Monetary Fund (IMF) is expected to vacate her post as she has recently been voted in as the European Central Bank’s (ECB) president-elect. She is getting into the swing of things even before her

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Global Investors Are Paying More Attention To Single Stock CFDs

Single stock contracts-for-difference (CFDs) have been around for quite sometime now. However, due to the increasing regulations being imposed on trading firms, single stock CFDs are gaining a lot more attention these days as they are turning into the most

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