MicroStrategy going all in its Bitcoin commitment by hiring manager of Bitcoin Advocacy to drive corporate adoption
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Source: U.Today
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UAE Amends Vat Regulations to Exempt Crypto Transfers
Amendments to the value-added tax (VAT) regulations in the United Arab Emirates (UAE) will exempt transfers and conversions of digital assets, including cryptocurrencies. On October 2, the UAE’s Federal Tax Authority (FTA) announced these changes to the country’s VAT rules. According to business consultancy PwC, the new regulations also include VAT exemptions for additional services, such as managing investment funds and the transfer and conversion of virtual assets. These exemptions will be applied retroactively from January 1, 2018, providing significant relief to businesses in the crypto space. PwC explained that virtual assets in the UAE are defined as a “representation U.Today
Funds Lost in Crypto Hacks Witnessing Downtrend As Industry Adopts Stronger Security Measures, Says Binance
Crypto exchange Binance says that the amount of digital assets lost in hacks this year is significantly lower than the figures seen in previous years. In its Monthly Market Insights report, the largest crypto exchange in the world by trading volume says that digital asset owners have lost about $1.3 billion in hacks so far The post Funds Lost in Crypto Hacks Witnessing Downtrend As Industry Adopts Stronger Security Measures, Says Binance appeared first on The Daily Hodl . U.Today