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Bitcoin Daily: S. Korea Eyes Crypto Capital Gains Tax; Crypto Lawyers See Rise In Demand

PYMNTS

South Korean crypto users might soon see 20 percent taxes on their currency, according to Cointelgraph. ” But Sung Tae-yoon , an economist with Yonsei University, warned that taxing cryptocurrencies could slow the country’s tech markets. And, the U.S. Abra, which works by letting users bet on price movements of listed U.S.

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Experts: US House Examines Legislative Actions To Combat Cybercriminals

PYMNTS

But Kellerman and other security experts advocated at the hearing for legislative measures, such as modernizing anti-money laundering (AML) and forfeiture rules and moving the Secret Service to the Treasury Department, to help combat the threat.

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B2B FinTech Firms Brace For Growth With New VC

PYMNTS

According to reports, 2nd Address said it will use the funds to improve its technology and expand into new cities beyond its existing markets in California, New York City, Chicago and Washington, D.C. Unlike ANNA, however, Bud collaborates with traditional financial institutions so they can securely integrate data into third-party platforms.

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Africa FinTech Leads This Week’s B2B Investments, Breaks Record

PYMNTS

B2B startups in the small business banking, expense management and analytics sectors led this week’s investment roundup, securing more than half of the $108 million raised. But it’s a startup in Africa that not only secured the largest investment round of the week, but set a new record in the process, raising $47.5

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GDPR Sparks Consumer Inquiries To Businesses

PYMNTS

Some financial institutions, which are required to collect detailed customer information for anti-money laundering, tax and accounting reasons, say the rules have proved onerous to implement alongside these other regulations.”.

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Governments Fuel Blockchain’s Global Proliferation

PYMNTS

Perhaps it isn’t surprising that analysts are now musing about how to avoid a repeat of the Punjab National Bank fraud scandal, and some are looking towards blockchain to do so. The nation’s central bank, the Saudi Arabia Monetary Authority, recently announced a collaboration with Ripple to pilot such a program, reports in The National said.

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The top-performing community banks of 2021

Independent Banker

3-yr average pre-tax ROA. Brazos National Bank. Cumberland Security Bank, Inc. Douglas National Bank. Home Bank of California. First Security Bank of Deer Lodge. pre-tax ROA: 3.08%. pre-tax ROA: 2.83%. pre-tax ROA: 2.68%. —Molly Bennett, executive editor, Independent Banker. Tuscaloosa.