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International deal to combat crypto tax evasion to start 2027 as 48 countries sign up
A total of 48 countries, including the U.K. and Singapore have pledged to implement a tax-transparency standard from 2027. This initiative aims to facilitate the automatic exchange of information between jurisdictions, specifically targeting tax evasion on cryptocurrency exchanges. The agreement incorporates the Organisation for Economic Co-operation and Development’s (OECD) Crypto-Asset Reporting Framework (CARF), finalised in June, into the organization’s existing Common Reporting Standard (CRS). The CRS serves as an information standard for the automatic exchange of financial account-related information among tax authorities.
Read the original article here: https://www.msn.com/en-us/money/markets/international-deal-to-combat-crypto-tax-evasion-to-start-2027-as-48-countries-sign-up/ar-AA1jIALP
Crypto.com wins Dubai licence
Crypto.com’s Dubai-based entity, CRO DAX Middle East FZE, has secured a Virtual Assets Service Provider (VASP) license from Dubai’s Virtual Assets Regulatory Authority (VARA), pending operational approval. This license, once finalized, will enable Crypto.com to provide a range of services, including exchange, broker-dealer, and investment, as well as lending and borrowing services to both retail and institutional investors in the Dubai market. The regulatory move comes as Dubai aims to position itself as a global hub for the virtual asset sector and diversify its economy.
Read the original article here: https://www.financialexpress.com/business/digital-transformation-crypto-com-wins-dubai-licence-3306529/
Royal Canadian Mint unveils King Charles III coins on his birthday
The Royal Canadian Mint has revealed commemorative coins featuring the likeness of King Charles III in celebration of his 75th birthday. The intricate process involved soliciting design concepts from over 350 artists and Mint engravers, with the winning design by Canadian portrait artist Steven Rosati receiving the necessary approvals. The engraving and tooling phase was followed by coin production, and a limited number of 2023-dated coins bearing King Charles III’s effigy will enter circulation in early December. Despite the transition in monarchs, existing “Queen” coins are expected to circulate for over 20 years due to their lifespan.
Read the original article here: https://www.canindia.com/royal-canadian-mint-unveils-king-charles-iii-coins-on-his-birthday/
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