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New Zealand Considers Embracing OECD Crypto Reporting Standards
New Zealand Revenue Minister Proposes Adoption of OECD crypto Reporting Framework New Zealand’s revenue minister, Simon Watts, recently recommended the integration of the OECD’s crypto-Asset Reporting Framework (CARF) into the country’s legislation. This move, proposed through the Taxation Bill, aims to enhance the reporting of financial information related to crypto-assets. The proposed changes are scheduled…
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Simplify Crypto Tax Reporting with Bitget and KoinX
Bitget, a leading player in cryptocurrency exchange services, has recently announced a strategic partnership with KoinX, a provider of crypto tax reporting solutions. This collaboration aims to simplify tax reporting for Bitget users by incorporating KoinX’s advanced software with Bitget’s platform. By offering automated syncing and comprehensive tax reports, this partnership is poised to streamline…
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Mass Outrage: Why Hundreds Are Reporting WazirX to the Police Today
In recent developments that have left the Indian cryptocurrency landscape in turmoil, allegations of fraud and betrayal of trust have surfaced against one of the country’s largest cryptocurrency exchanges, WazirX. A staggering number of investors, whose patience has been severely tested, are organizing legal action in response to what they perceive as deception and mismanagement…
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Earn $20 by Reporting Secret Crypto Miners in Iran – Find Out How
### Iran’s Power Crisis Exacerbated by Illegal Cryptocurrency Mining Amid Heatwave In the face of an ongoing power crisis intensified by an unprecedented heatwave, Iran is taking a novel approach to mitigate the issue. The country is currently offering a financial incentive for citizens to report illegal cryptocurrency mining activities. This measure highlights the profound…
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KPMG Partners with US Crypto Firms for Enhanced Reporting Compliance
Revolutionizing crypto: A New Dawn in Accounting and Compliance In an era where digital currency is rapidly becoming a cornerstone of the financial world, the integration of traditional accounting practices with the revolutionary tech of cryptocurrencies is more important than ever. KPMG, a global leader in audit and consultancy services, is stepping up to the…
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Basel Committee Okays New Reporting Guidelines for Banks’ Crypto Holdings
Revolutionizing the World of Cryptocurrency: A Deep Dive into the New Global Standards The landscape of cryptocurrency is about to undergo a significant transformation, setting new benchmarks for the future of digital currency. A global banking committee has recently announced an important update regarding the regulatory treatment of stablecoins, marking a milestone in the path…