Ethereum News by Thebittimes.Com

1. Russian President Putin Signs Digital Currency Taxation Law link Russian President Vladimir Putin has signed a digital currency taxation law, officially classifying digital currencies as property and extending their use to foreign trade payments under the EPR framework. Mining and sales of digital currencies are exempt from value-added tax (VAT), and services within the EPR framework are also tax-free. Mining operators are required to report their activities to tax authorities. For individuals, income derived from mining is calculated based on the market value of the digital currency and taxed at a progressive rate of 13%-15%. Starting in 2025, businesses engaged in mining will be subject to a 25% corporate income tax. Income from the sale and circulation of digital currencies will also be included under a unified tax base. 2. Taiwan’s New Anti-Money Laundering Rules for Cryptocurrencies to Take Effect on November 30 link This initiative has been accelerated by one month from its or...

Editor | WuBlockchain The following content represents the views of the interviewee and does not reflect the views of WuBlockchain. The interviewee is Samuel Lok, Head of Compliance at HashKey Exchange. Q: Could you tell us about the key efforts and challenges HashKey Exchange faced during the licensing application and business development phases? How does this differ from your previous work in the traditional finance sector? A: This is a great question. Obtaining a license and actually operating are two different domains. During the licensing application phase, we could plan in a more idealistic manner, but when it comes to actual operations, we realized that compliance in the Web3 space requires a completely new perspective on managing compliance risks. The regulatory authorities have provided us with an excellent framework, but the key lies in how effectively we can implement it. The challenge we face is balancing client benefits with client protection, which is a tough balance to ...