Bitcoin Tag

14 Feb China seeks revision of anti-money-laundering law to address risks related to cryptocurrencies and other virtual assets

Posted at 23:00h in Asia

China will soon implement revisions to its outdated Anti-Money-Laundering (AML) Law, in a move that legal experts see as a way to address the growing risks associated with virtual assets.A draft amendment to the existing AML law, which was enacted in 2006 and took effect...

13 Feb Bitcoin back at US$50,000 as ETF approval, prospect of falling interest rates drive demand for cryptocurrency

Posted at 02:53h in Asia

Bitcoin jumped to US$50,000 for the first time in more than two years, staging a remarkable comeback from a series of cryptocurrency industry scandals and bankruptcies that had raised questions about the viability of digital assets.The original cryptocurrency has tripled in value since...

08 Jan Shanghai explainer on taxation of digital currency transaction drives speculation on potential easing of China’s crypto ban

Posted at 11:30h in Asia

The explainer, “Common Misunderstandings Regarding Personal Income Tax on Business Income and Categorised Income”, became widely circulated on Sunday after it was published on WeChat by the Shanghai tax service on Thursday. It cited a 2008 statement by the State Taxation Administration (STA).That prompted...

Bitcoin Tag

14 Feb China seeks revision of anti-money-laundering law to address risks related to cryptocurrencies and other virtual assets

13 Feb Bitcoin back at US$50,000 as ETF approval, prospect of falling interest rates drive demand for cryptocurrency

08 Jan Shanghai explainer on taxation of digital currency transaction drives speculation on potential easing of China’s crypto ban

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