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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. They falsely claimed to have a Harvard-educated CEO backing them. And, the U.S.

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Libra Could Pose Tax Challenges In Europe

PYMNTS

With the idea of pegging Libra’s value to a basket of international currencies, Facebook ’s proposed cryptocurrency would bring tax challenges to European users, per tax lawyers. As a result, capital gains and losses would be created. This seems to us to be a significant barrier to wide adoption.”.

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Today In Payments Around The World: Singapore’s Grab Obtains $2 Billion Loan Facility; Turkey’s Getir Arrives In London

PYMNTS

In today’s top payments news around the world, Grab said it has closed on a loan facility, while Getir announced on social media that it has come to London. German Finance Minister Says OECD Digital Tax Deal Likely By Summer. OECD member states have until this summer to come to a consensus on a tax. London, we’ve arrived!

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Bitcoin Daily: China Construction Bank Grows Blockchain Platform; IRS Tax Forms Now Ask About Crypto

PYMNTS

with a flexible access to working capital financing instruments to the parties,” added Anna Sokolova, NLMK director for treasury. The Internal Revenue Service (IRS) now has a question on crypto ownership on its 1040 income tax form.

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Steal This 5-Step Banking Innovation Playbook from Gentle Monster

South State Correspondent

Leveraging social media, Gentle Monster started to get traction. How Banks Can Leverage: While not exactly a banking innovation, banks can better allocate capital to COIs. These striking designs paid for themselves in media exposure. COI marketing for banks should always be a top priority.

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SME Optimism Waning In Election Season, Says Capital One

PYMNTS

The latest findings from Capital One’s Spark Business Barometer found a significant decline in small business optimism this year compared to their sentiments this time last year, reports said on Monday (May 2). Capital One did uncover good news, however. The economy may be in recovery, but small businesses in the U.S.

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The Current Banking Crisis – 10 Not So Apparent Lessons

South State Correspondent

It turns out that confidence is more valuable than capital. The ratio would provide a bank’s current core capital position to risk-adjusted assets. 8) Deposit Impact of Social Media: SVB’s customer base and followers were highly active on Twitter and other social media properties.