News

Venezuela Brings Taxes and Restrictions on Local Crypto Currencies

Venezuela, Yerel Kripto Para Birimlerine Vergiler ve Sınırlamalar Getiriyor

The Venezuelan government, according to the decree issued in the official media company Gaceta Oficial, published on February 7, brought crypto remittance arrangements within the country.

According to the document, now the National Responsibility of Crypto Assets and Related Activities (SUNACRIP) will be responsible for the taxation of the sending and receiving of crypto currencies. It is reported that the new legislation will apply to both individuals and legal entities.

Taxes to be determined in crypto currency

According to the new conditions, the state determined monthly limits and commissions in crypto currency to be paid to SUNACRIP.

The decree stated that the maximum wage for the transfer was set at 15 percent. The rules also show that the minimum wage for a transaction in the crypto is equal to 0.25 Euro or about 0.28 US Dollars.

The document also sets a monthly limit of 10 Petro-denominated crypto money transfers per month in the national government-supported digital currency Petro. According to the price information of CryptoCompare, the amount in Petro is around $ 600.

Our previous news about Petro from here You can read.

If the monthly amount exceeds $ 600, other transactions must be approved by SUNACRIP. The regulator stated that the general limit should not exceed 50 Petro or approximately $ 3,000.

The document does not explain how the government will control the services used to operate in decentralized crypto currencies, such as Bitcoin (BTC), except that the government uses a an technological platform ece to continue taxation.

Venezuela Brings Taxes and Restrictions on Local Crypto Currencies

The weekly trading volumes in Bitcoin Venezuela have always reached a high level between extreme inflation and the ongoing presidential crisis. At the beginning of February only volumes of p2p platform LocalBitcoins increased to about $ 7 million per week. In addition, Venezuela and Colombia account for 85 percent of the trading volume in Latin America.

Venezuela introduced a new legal framework for crypto currencies and related technologies earlier this month. The Decree constitutes compulsory licenses for mining enterprises and crypto exchanges and imposes fines for unlicensed activities.

Source: Cointelegraph

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SEC Accuses 5 Insiders of BitConnect for Illegal Promotion

SEC, Yasadışı Tanıtım’dan BitConnect İçerisinden 5 Kişiyi Suçladı

About the five people at BitConnect SECIt said it “violated Federal Securities laws.”

The SEC's complaint is that “persons who support the BitConnect Program are sold without registering the Securities with the Commission and registering as a broker-dealer with the Commission as required by law.” BitConnect's lending program is said to encourage people to invest in potential investors, including Trevon Brown, Craig Grant, Ryan Maasen, and Michael Noble, by creating promotional-style videos and posting them on YouTube. It is also claimed that some YouTube channels that make promotions are paid on a commission basis in return for their promotional efforts.

Shortly after his release, Trevon Brown (better known as Trevon James) posted a tweet saying he didn't deny the charges and said the community would "rally" around him.

Real crypto OG's will rally around me.

The real ones that know the truth, and what happened from day 1.

Talk to you guys soon.⏳#FreeTrevon

— Trevon James, Founder of our.glass Crypto (@BitcoinTre) May 28, 2021

Lara Shalov Mehraban, Deputy Regional Director of the SEC's New York Regional Office,

“We will try to hold accountable those who make illegal profits by taking advantage of the public's interest in digital assets”

said.

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Bitcoin News

Who Has The Most Bitcoin (BTC) Savings?

Bitcoin Analizi, Bitcoin 5.700 Doları Geçti!

According to the research result, the Winklevoss twins own 150,000 BTC, but there are names that own more Bitcoin than them…

Blockchain Center, which investigates who owns the largest amount of Bitcoin (BTC); From Winklevoss twins to scammers, from hackers to "zombie coins", he laid out all the data.

On the other hand, the most famous hacking case of the cryptocurrency world, Mt. Gox incident allegedly owned 166,000 BTC.

It is claimed that 30,000 BTC seized from the Silk Road scandal is in the hands of Tim Draper.

Plus Token scammers were said to have 200,000 BTC.

On the other hand, “Zombie coins” are surprisingly plentiful. These tokens we are talking about consist of 1.5 million BTC, which will never be used and will not be spent by anyone forever.

Grayscale's Bitcoin Trust is known as the largest institutional Bitcoin investment vehicle and currently holds over 400,000 BTC of liquidity. Lightning Network only holds 1,000 BTC, while Ethereum (ETH) has another 80,000 BTC locked.

Another 2.5 million Bitcoins are expected to enter circulation over time. Time will tell which other names will be included in this list.

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Blockchain News

National Fisheries Institute and IBM's Blockchain Tracking System Food Trust

Ulusal Balıkçılık Enstitüsü ve IBM’in Blockchain Takibi Sistemi Food Trust

The United States seafood trade association, the National Fisheries Institute (NFI), is working with Food Trust, IBM's blockchain supply chain solution, to monitor FoodOnline's reports on June 11 seafood and food-related news.

In the report, they mentioned the new system for monitoring the type of seafood jointly carried out by multiple companies. In addition, NFI members representing harvesters, importers, cold storage, food service restaurants and retail sales were also included in the program.

IBM's Blockchain Tracking System Food TrustSIRF President's Statement

The project is funded by the Seafood Industry Research Fund (SIRF), whose chairman Sean O'Scannlain said in a statement on developments:

“The tracking system is nothing new to the seafood industry, but we'll test how blockchain is a new concept, with IBM's Food Tracking system, helping seafood businesses earn revenue and reduce costs to customers from harvest to distribution.”

The system also states who can access and how long companies can control data, and who will retain control after the chain is loaded. Raj Rao, IBM Food Trust general manager Food Food Trust can change any sector, especially when we have large ecosystems, businesses and organizations ” He said.

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Source: Cointelegraph