Remove Capital Remove cryptocurrency Remove Fraud Remove Taxes
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Bitcoin Daily: UK Tax Agency Defines Crypto As Commodities; Crypto Exchange Bittrex Sued For SIM Card Bitcoin Theft

PYMNTS

s tax authority has released cryptocurrency tax guidance for businesses, revealing that crypto assets will still be defined as commodities. That means that companies that participate in trading exchange tokens must make tax payments.

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IRS Backs Off Fortnite Gaming Currency As Reportable Income

PYMNTS

A section of the IRS website telling people that the online currency from the popular game Fortnite was subject to federal taxes has been removed as of Wednesday (Feb.12). The IRS website seemed to indicate that it would treat V-bucks like it does bitcoin and other cryptocurrencies, and looked like it could have affected millions of gamers.

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Experts: US House Examines Legislative Actions To Combat Cybercriminals

PYMNTS

Cybercriminals are capitalizing on COVID-19, and they are doing so in tandem with the news cycle,” he said during the virtual hearing. Additionally, Kellerman called for a tax credit to encourage firms in the financial vertical to set aside 10 percent of their information technology (IT) budgets at a minimum toward cybersecurity.

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Tech Firms Hit Speed Bumps In GDPR Adoption

PYMNTS

As noted in this space earlier this month, financial regulators in that country stated that “issuers of digital tokens must be a company registered under Thai law and will be able to offer such assets of an unlimited amount to institutional investors, ultra-high net-worth investors, venture capital and private equity firms.”.

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Startup Roundup: The Storm Before The Calm

PYMNTS

Emailage stopped almost twice as much potential fraud in 2017 as in the previous year. billion in potential fraud was prevented, compared to last year’s $1 billion. Due to the volatility of cryptocurrency values, the real-time component is critical: Coins are converted into cash instantaneously before they can fluctuate in price.

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Can FinTech Walk The FinTalk?

PYMNTS

In this world, the only things certain are death and taxes. Anyone in a regulated industry — and that’s just about all of them — are also plenty dubious about using cryptocurrencies as the processing rails for supporting those pilots and incorporating them into their longer-term plans should their pilots show promise. And to learn.

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Bank Multiple Improvement: 33 Items Stakeholders Want to Know Now

South State Correspondent

Loan Pricing: Loan pricing has increased in the capital markets, yet bank loan pricing has continued to compress. Capital Allocation: Stakeholders would like to hear that you are tightening credit standards and cutting back on certain sectors such as loan purchases and construction. Asset Quality. and beyond.

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