Foreign Crypto Exchanges Like Paxful, Binance to Pay 1.5% Tax Under Kenya’s N...
The Kenya Revenue Authority (KRA) has clarified that its planned digital service tax (DST) will be applicable to cryptocurrencies at a rate of 1.5% on gross transaction value, local media reported. In August, the agency announced new rules for the taxation of what it calls “digital marketplaces.” However, with oblique definitions on such key terms, it has not been clear who exactly will be taxed under the new regulations that come into force on Jan 1, 2020. Now, KRA tax expert Nixon Omondi has appeared to set the record straight. “As the law is, any person who will be....
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Paxful has announced Paxful Pay, an ecommerce checkout integration that allows merchants worldwide to receive bitcoin as payment.
The Paxful affiliate program allows the people to be a part of the Bitcoin community as it rewards them for spreading the word about Bitcoin. Paxful is giving away 10 bitcoin or thousands of dollars in prizes to people who try out their simple affiliate program. Paxful is a listing service like Craigslist or Backpage. Sellers list their ads to sell you bitcoin for a certain price and to get payment a certain way. Once you find deal you like you start a trade with the seller. You’ll be in a live chat with them and they will tell you how to pay them, then once you pay they release the....
The debit card was made possible thanks to an alliance with a Spanish neobank Bitcoin (BTC) P2P marketplace Paxful has partnered with Spanish neobank Bnext to launch its first crypto debit card in Mexico.The partnership will allow Paxful’s Mexican customers to use their crypto funds to pay with a debit card in any national and foreign point-of-sale, or PoS, and even withdraw cash from ATMs without fees.Bnext customers will also have direct access to the P2P marketplace to buy and sell crypto. Paxful explained in the announcement that “strict banking regulations” in Mexico are encouraging....
Paxful said the partnerships will allow users to trade bitcoin and tether using a lira-backed stablecoin.
The South Korean financial intelligence unit is taking action against 16 foreign cryptocurrency exchanges for operating illegally in the country. “For illegal business activities of unregistered entities, maximum of 5 years of imprisonment or up to KRW 50 million of fines can be imposed,” the regulator said.
16 Foreign Crypto Exchanges Flagged by South Korean Regulator
South Korea’s top financial regulator, the Financial Services Commission (FSC), announced Thursday that the country’s financial intelligence unit (KoFIU) has notified investigative....