The SEC Is Still Working Out What ‘Qualified Custodian’ Means for Crypto
The SEC’s recent statement about qualified custodians shows the federal agency is still puzzling out important questions for the crypto space.
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Investments in alternative assets such as cryptocurrencies account for over half of the portfolio of non-qualified Russian investors, a recently held survey has indicated. Almost half of them consider digital currencies like bitcoin as a potential hedge. Cryptocurrencies Outperform Traditional Currencies and Stocks in Russia Alternative investments like crypto, real estate, and antiques constitute more than half of the portfolios of non-qualified investors in the Russian Federation, according to a new poll conducted by Investing.com. Digital currencies are leading among these options with....
Akihiro Shiba is an attorney-at-law qualified in Japan, working at Nishimura & Asahi's Tokyo office, with expertise in financial regulations and transactions and provides advice on virtual currencies. In this article, he examines what the recent Tokyo District Court ruling means for the status of bitcoin in Japan. In a lawsuit filed by an individual against the bankruptcy trustee for Mt Gox, formerly the most widely used bitcoin exchange in the world, the Tokyo District Court handed down a judgment on 5th August, 2015, holding that bitcoins are not subject to ownership. This is probably....
Nonprofits are required to file IRS Form 8282 for crypto donations of $500 or more if donated funds are exchanged for the U.S. dollar. Engiven, an enterprise cryptocurrency donation platform, is working to simplify tax reporting for cryptocurrency donors and nonprofits by launching a tax form and appraisal service for crypto donations.The Engiven platform now allows nonprofits and donors to automatically generate the Internal Revenue Service (IRS) tax form, the firm announced Tuesday.According to Engiven, nonprofits have to file IRS Form 8282 for crypto donations of $500 or more if donated....
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The DeFi market is a highly promising venture where the main struggling issue is a lack of qualified blockchain developers. Nowadays, the blockchain market as a whole is in its infancy, and the decentralized finance (DeFi) market is its most promising part. According to DefiLlama data, in 2021, the DeFi market had around $200 billion of liquidity locked in smart contracts. If we view this capital as an initial investment, this market looks like a highly promising venture. Not too many global companies can boast of such a capitalization. But any young market has its teething problems. With....