On August 9th, TechWeez reported on Wednesday that the South African Revenue Service (SARS) issued a draft plan to impose taxes on cryptocurrency transactions and operations. The report shows that this draft was first proposed in April of this year; and currently in South Africa, cryptocurrency is neither an official South African currency nor a widely used and accepted medium of payment and exchange. For this reason, cryptocurrency is regarded aBitcoin trading platform is frees an intangible asset by SARS. If the draft is passed, all cryptocurrency holders and traders in South Africa will need to disclose the profits and losses obtained in the course of their transactions and include them in taxation. In addition, the South African Revenue Service added that this proposal has received a positive response from the South African cryptocurrency community because it symbolizes the government's support for this field.
Second, composability (interaction of agreements) brings both new opportunities and new problems. No one foresaw the flash loan attack. And with the refurbishment of the DeFi field, many more sophisticated attacks will also come. Transparency and access-free properties have also produced many coveted money jars. Although insurance like Nexus and Opyn may help a bit, if attacks become regular, the premiums will get higher and higher. Therefore, DeFi application projects must ensure that they can use bounty to attract people who expose vulnerabilities, rather than making their applications a money box.
The report pointed out that Bitcoin is still in the early stages of large-scale application, which may bring profit opportunities for investors. The report believes that investing in Bitcoin now is similar to investing in Facebook when it had only 50 million users, and its number of users has the potential to grow to 2 billion. If individual and institutional investors widely use Bitcoin as a store of value, there will be a lot of room for profit growth for early investors.
Nikkei’s report shows that Karpeles today denied that he was involved in attacks and thefts against exchanges, and at the same time clarified that he did not manipulate Mt.Gox's distributed ledger, nor did he embezzle funds to pay for his own rent, furniture, and commercial acquisitions.
On April 27, 2007, a federal jury in Washington, D.C. sued two companies operating digital currency businesses and their owners. The indictment filed against E-Gold Ltd., Gold and Silver Reserve, Inc., and their owners for conspiracy to launder money, operate an unlicensed currency exchange business, operate an unlicensed currency exchange business under federal law, and operate an unlicensed business under Washington law. Charges such as transferring money. According to the indictment, people using the E-Gold payment system only need to provide a valid email address to open an E-Gold account-no need to verify other contact information. The indictment is the result of a two-and-a-half-year investigation conducted by the U.S. Secret Service and investigators including the Internal Revenue Service (IRS), the Federal Bureau of Investigation (FBI), and other state and local law enforcement agencies. According to Jeffrey A. Taylor, an attorney for the District of Columbia, the defendant operated a complex and extensive international currency remittance business, which is not subject to the supervision and supervision of any entity in the world, allowing anonymous assets to be accessed by clicking the mouse Can perform transfer. Not surprisingly, every criminal sees E-Gold as a channel to move their funds with impunity.
For crypto lending companies, their role should be only information matching and docking. But they also hold a large number of cryptocurrencies produced by customers. First, there is no strict supervision, and the second is the stimulus of profit demand under the sluggish market. It is easy to prompt them to use thBitcoin trading platform is freeese cryptocurrencies for some quantitative investment or deposit some. Financial products (in fact, many similar services already exist in the crypto world). Similarly, exchanges can theoretically do the same thing.