#CryptoCorner: #Crypto Tax Amendment Bill Introduced Into US House of Representatives, Robinhood Scores UK Approval, Coinone Partners with Security Firms and Czech Crypto Regulations Exceed EU in Strictness
#CryptoCorner: #Crypto Tax Amendment Bill Introduced Into US
House of Representatives, Robinhood Scores UK Approval, Coinone Partners with
Security Firms and Czech Crypto Regulations Exceed EU in Strictness
Point Roberts WA, Delta BC, August 8, 2019
- Investorideas.com, a leader in crypto and blockchain investing news, in
partnership with Fit Pay, Inc.’s (subsidiary of
NXT-ID (NASDAQ: NXTD) crypto payment tech,
Flip bring you today’s edition of the Crypto Corner podcast and commentary on
what’s driving the cryptocurrency market.
Listen
to today’s Crypto Corner Podcast: https://www.investorideas.com/Audio/Podcasts/2019/080819-CryptoMarket.mp3
Read
this in full at https://www.investorideas.com/news/2019/crypto-corner/08081TaxAmendmentBill-Robinhood-Coinone-Czech.asp
Subscribe to
Podcast RSS feed:
https://www.investorideas.com/rss/feeds/Podcasts-Crypto.xml
August 8 Crypto Corner
A bill has been
introduced into the U.S. House of Representatives by Representative Ted Budd
(NC-R) that would change certain taxation on cryptocurrencies. The stated aim
of the bill is to “amend the Internal Revenue Code of 1986 to allow exclusion
of gain or loss on like-kind exchanges of virtual currency,'' which would
ensure that “the exchange of virtual currency for virtual currency of like kind
shall be treated in the same manner as the exchange of real property for real
property of like kind”.
Robinhood International,
Ltd., an investment app that includes cryptocurrencies, has been approved by
the UK’s Financial Conduct Authority (FCA) to operate as a broker in the UK,
according to a blog
post
yesterday. Leading the company’s UK business will be newly appointed president
Warren Rutgers, who commented:
“Today marks the beginning of a new chapter for
Robinhood, and we’re excited to take the first important step towards bringing
our investing platform to customers in the U.K. I’m thrilled to be a part of
Robinhood and our effort to expand into a new international market.”
South Korean crypto
exchange Coinone has announced that it is
partnering with security firms CertiK and Xangle to ensure better compliance
with security regulations. A post on the company’s website reads:
In order to provide more transparent and useful
information for investors, we announce a collaboration with technical audit
specialists Xangle and CertiK.
In the future, the two partners will provide `` Project
Disclosure Information '' and `` Smart Contract Audit Information '' for
Coin-One listed cryptocurrencies, respectively.
and
CoinOne strives to establish a listing system and
strengthen the public function of the exchange (market surveillance,
disclosure, and internal listing) in order to harmonize the two goals of
actively listing cryptocurrency and securing investor confidence.
We will do our best to protect investors and provide
professional services.
The Czech Republic
is imposing stricter regulations on the crypto space than is required by the
European Union, according to local outlet Hospodářské
Noviny
(loosely translated as “Economic Newspaper”). A loose translation of the
article indicates that the Czech regulation will “impact a larger group of
companies and may jeopardize their competitiveness”. According to Cointelegraph, the article goes
on to explain the penalties companies will face should they not comply with
regulators:
As an indication of the stringent measures ahead,
Hospodářské Noviny reveals that Czech regulators plan to impose a hefty fine —
up to half a million koruna or roughly $20,000 — on cryptocurrency firms should
they fail to register their operations with the national Trade Licensing
Office.
Sam Mowers,
Investorideas
Read other editions of the
Crypto Corner
Crypto Corner Sponsors:
Flip™ is the
creation of Fit Pay, Inc., a leading provider of cutting edge payment
technology and a subsidiary of NXT-ID (NASDAQ: NXTD). By leveraging the FitPay Payment Platform™, Flip enables
cryptocurrency holders to seamlessly exchange their cryptocurrency for US
dollars and store that value on a contactless payment device that can be used
to make purchases at millions of retail locations. https://www.fliptopay.com/
More
info on the sector:
Investor Ideas is positioning as a leader in blockchain and crypto content with
its Bitcoin and Blockchain portals Bitcoinandblockchainstocks.com, Cryptocurrencyinvestorideas.com
and Blockchaininvestorideas.com
For
investors following the sector Investor Ideas has a comprehensive Bitcoin,
Blockchain and Digital Currency Stocks Directory
About Investorideas.com - News that
Inspires Big Investing Ideas Investorideas.com is a
recognized news source publishing third party news and press releases plus we
create original financial content. Learn about investing in stocks and sector trends
from Investorideas.com with our news alerts , articles , podcasts
and videos talking about cannabis, crypto,
technology including AI and IoT ,
mining ,sports biotech, water, renewable energy and more . Investorideas.com
original branded content includes the daily Crypto
Corner and Podcast, Play by Play sports and stock news column, Investor
Ideas #Potcasts #Cannabis News and Stocks on the Move
podcast and column, Cleantech and
Climate Change Podcast and the AI Eye Podcast and column covering
developments in AI.
The
Investorideas.com podcasts are also available on iTunes, Spotify, Tunein, Stitcher, Spreaker.com,
iHeartRadio and Google Play Music.
Visit
the Podcast page at Investorideas.com:
Disclaimer/Disclosure: Investorideas.com is a digital publisher of third
party sourced news, articles and equity research as well as creates original
content, including video, interviews and articles. Original content created by
investorideas is protected by copyright laws other than syndication rights. Our
site does not make recommendations for purchases or sale of stocks, services or
products. Nothing on our sites should be construed as an offer or solicitation
to buy or sell products or securities. All investing involves risk and possible
losses. This site is currently compensated for news publication and
distribution, social media and marketing, content creation and more. Disclosure
is posted for each compensated news release, content published /created if
required but otherwise the news was not compensated for and was published for
the sole interest of our readers and followers. Disclosure: this newsletter and podcast is sponsored
content by featured companies NXt-ID (NASDAQ: NXTD) on behalf of Flip. More
info: http://www.investorideas.com/About/News/Clientspecifics.asp
Contact
management and IR of each company directly regarding specific questions.
More
disclaimer info: https://www.investorideas.com/About/Disclaimer.asp Learn more
about publishing your news release and our other news services on the
Investorideas.com newswire https://www.investorideas.com/News-Upload/ and
tickertagstocknews.com
Global
investors must adhere to regulations of each country. Please read
Investorideas.com privacy policy: https://www.investorideas.com/About/Private_Policy.asp
Cryptocurrency Disclaimer
Investorideas.com news content is not
meant to be a solicitation to buy or sell cryptocurrencies and
Investorideas.com does not directly sell cryptocurrencies; but acts as a news
and research resource for interested investors following the blockchain sector.
Copyright and ownership: Crypto Corner is
an Investorideas.com content brand
Learn more about our news, PR and social media services
at Investorideas.com
Contact
Investorideas.com
800-665-0411
Comments
Post a Comment