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Cores Revolutionary3

24 Apr 23

US imposes sanctions on individuals for aiding North Korea

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied The Office of Foreign Assets Control (OFAC) of the U.S. Treasury has sanctioned three individuals for using illegal financing and illicit cyber activity to support the Democratic People’s Republic of Korea (DPRK). OFAC targets individuals aiding North Korea’s unlawful financial activities […]

Legislation Regulation generic 3

24 Jan 23

EU imposes strict regulations on banks holding crypto

European Union lawmakers have imposed strict measures for banks holding digital assets in a bid to limit the amount of unregulated cryptocurrency that banks can hold. Strict rules for banks holding cryptocurrencies The European Union (E.U.) Parliament’s Economic and Monetary Affairs Committee has enforced increased capital requirements for any financial entity holding cryptocurrencies. According to […]

30 Dec 22

Italy imposes 26% tax on cryptocurrency gains in 2023 budget

Coindesk reported via a Tweet on Dec.30 that the Italian parliament has approved a new capital gains tax on cryptocurrency gains in its 2023 budget. The tax, which will take effect on Jan.1,2023, is set at 26%. A new crypto tax in Italy The new tax will apply to all crypto capital gains made by […]

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