Imcoin (IMC) “The First Hybridcoin” Arrives To Impose a New Concept of Crypto...
PRESS RELEASE. The objective of IMCoin is to be the first Hybridcoin on the market, giving its holders the possibility of having an asset backed with an audited and public underlying where the money from the sale of the token is entered, but which in turn tries to increase in value. to positively impact the price of the coin. In this way, we consider that both the Stablecoin and Performance Coins public can be interested in and benefit from IMCoin. People who invest in Stablecoins will no longer have to sacrifice profitability for stability and people who invest in cryptocurrencies will no....
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PRESS RELEASE. IMCoin, known as the first Hybridcoin, closes a week with a record price increase in its history reaching a value of 1.83 USD per token. The IMC price is the result of the number of tokens sold divided by the balance of the audited reserve fund, which already has 417 days of history. This week IMC reached a total of 19,028,319 tokens sold and a reserve or underlying fund of $34,777,399. The goal of IMC is to reach the end of the year with a value of 2 USD and to continue at this rate seems an achievable goal. The objective of IMCoin is to be the first Hybridcoin on the....
In Argentina, a provincial legislature has voted in favor of a bill to impose new taxes on gross incomes from crypto transactions. Cordoba’s central province is now the first one to impose crypto taxes in the country, which involves crypto exchange platforms and retail traders. Approved Tax Bill Grants a Definition of Cryptocurrencies According to CBA4N, the “Tax Law 2021” approved by the legislature seeks to tax people 4% to 6.5% on gross incomes from crypto-related transactions. Also, individuals or businesses who receive payments in cryptocurrencies “in exchange....
The U.K. government has announced plans to impose new rules on cryptocurrency ads to ensure they are fair, clear, and not misleading to consumers. The rules will be enforced by the Financial Conduct Authority (FCA).
UK to Impose New Rules on Crypto Ads
The U.K. government announced Tuesday plans to impose new rules on cryptocurrency advertisements to “protect consumers from misleading claims.” The announcement states:
New rules will increase consumer protection while encouraging innovation.
The U.K. chancellor of the exchequer, Rishi Sunak, commented:....
In a rare move, Singapore is going to introduce restrictions on certain Russian financial transactions and crypto operations aimed at evading sanctions. The decision comes amid officially expressed concerns that Moscow’s invasion of Ukraine is a threat to the security of small states around the world. Singapore Becomes First Southeast Asian Nation to Impose Sanctions on Russia For the first time in decades, as acknowledged by a former diplomat, Singapore is taking steps to sanction another nation without approval from the United Nations Security Council. The city state is preparing....
Tencent’s Wechat intends to impose penalties on public accounts facilitating secondary trading of NFTs, a press report has revealed. Accounts offering transaction channels and guidance for cryptocurrencies have also been targeted by the new rule. Popular Chinese App to Impose Restrictions on NFT Trading Wechat, the instant messaging, social media, and mobile payment app developed by the Chinese tech giant Tencent, is introducing a policy update that will prohibit the provision of certain services related to non-fungible tokens (NFTs) and cryptocurrencies on its platform. Quoted by....