Fungram LTD Has Applied for Exempt Offering of Securities From the SEC
PRESS RELEASE. On January 26, 2021, Fungram LTD, as a comprehensive blockchain enterprise serving the world, has applied for an Exempt Offering of Securities from the U.S. Securities and Exchange Commission (SEC). Based on the three major ecological sectors, DeFi lending system, encrypted index platform, and decentralized wallet, Fungram will provide a smart and open financial application ecosystem with a low access threshold for everyone and will provide a fast channel for the commercialization of cryptocurrency. In the future, by using Fungram’s mobile applications, users will be....
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For the Bitcoin community of Europe, it is the time to rejoice! In a historic ruling, The European Union's Court of Justice has said that the Bitcoin exchanges that transfer conventional currencies such as Euros or Swedish Krona into Bitcoin are exempt from value-added taxes. The story behind the ruling is pretty interesting as well! A Swedish national David Hedqvist applied for operating his online Bitcoin exchange. However, the application ran into trouble after the Swedish Tax Authority declared that VAT (Value-Added Tax) will be imposed on Bitcoin even when The Swedish Revenue Law....
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