Overstock is set to become the first national brand in America to pay their taxes in bitcoin, according to a press release issued by the firm. The online retailer announced on Thursday that it will “pay a portion of its Ohio state business taxes in bitcoin” using the state’s recently announced crypto-tax payment
Japan’s Financial Services Agency has published its draft report outlining new cryptocurrency regulations. The report contains measures in areas that are not currently addressed in existing laws such as hacking incidents, deemed dealers, privacy coins, self-regulation, and margin trading. New Crypto Regulatory Framework: Japan’s top financial regulator, the Financial Services
Increasingly determined separatists seeking the international recognition of the self-proclaimed “Federal Republic of Ambazonia” (Southern Cameroons) have created a cryptocurrency which they claim is the first to be fully nation-backed. Known as AmbaCoin, 20,089 of the Ambazonian crypto bond had already been bought, out of 100,000,000 on pre-sale as of Nov.
Sharia-compliance finance is becoming a field of choice for several fintech companies as regulators and market participants in the Middle East seem keen on attracting new business. Now, Swiss-based cryptocurrency firm X8 has become the latest to acquire an Islamic finance certification. Islamic Finance Certified for Mid-East Expansion X8 AG,