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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. Proposed amendments to existing bills want to classify cryptocurrencies as goods rather than currencies. Celebrities including Floyd Mayweather and DJ Khaled backed the project on social media. And, the U.S.

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Bitcoin Daily: South Korean Crypto Startup Steals $2.7M In Exit Scam; Venezuela Wants World’s Oil Market To Use Petro

PYMNTS

According to The Next Web , hours after moving all raised funds out of its wallet, the company shut down its website, deleted its social media accounts and kicked all users off its chat group. Over the past two years, exit scammers have stolen more than $100 million worth of cryptocurrency.

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Bitcoin Daily: France Votes To Include Crypto In Insurance Contracts; VC Draper Could Team With Facebook For Crypto Venture

PYMNTS

The National Assembly of France has voted to allow local insurance companies to include cryptocurrencies in life insurance contracts. With these two provisions, it is written in black and white that SPFs can invest in cryptocurrencies like bitcoin,” said Simmons & Simmons attorney Emilien Bernard-Alzias, according to CCN.

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Japan To Investigate Libra’s Economic Impact

PYMNTS

Japanese authorities have formed a task force to study the impact of Facebook’s proposed cryptocurrency , Libra, according to reports. The group’s goal is to work on policies that will deal with how Libra is going to affect payments, monetary policy, regulation and taxes. He said he believes that Libra is “a big mistake.”.

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On Radical Markets

Vitalik Buterin

Recently I had the fortune to have received an advance copy of Eric Posner and Glen Weyl’s new book, Radical Markets , which could be best described as an interesting new way of looking at the subject that is sometimes called “ political economy ” - tackling the big questions of how markets and politics and society intersect.

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Facebook Q2 Earnings Preview: Ad Sales, Libra To Affect Growth

PYMNTS

Facebook’s David Marcus was grilled and the cryptocurrency was criticized in hearings with the Senate Banking Committee on July 16, and by the House Financial Services Committee on the following day. This data breach has not discouraged users, as user engagement continues to rise, according to CNBC.

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Firstrade Brokerage Review: Best for Unlimited $0 Online Trades

MyBankTracker

Having multiple accounts can help you diversify your investments and manage tax liability on your investments. Are Tax-Loss Harvesting and Automatic Rebalancing Included? When comparing online brokerage accounts, you might be interested in whether tax-loss harvesting and/or automatic rebalancing are included. Investment Options.

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