Russian Finance Ministry Pushes for Crypto Mining Taxation

• The Russian finance ministry has launched a fresh attempt to tax crypto miners in a bid to surmount obstacles thrown up by the nation’s Central Bank and law enforcement agencies.
• The ministry hopes to evade the impasse by using the nation’s tax code regulations.
• Legislative changes to the tax code would require Central Bank and parliamentary approval, however mining is currently not classified as an entrepreneurial activity and therefore cannot be taxed.

The Russian finance ministry has recently made a new effort to tax crypto miners, in an attempt to overcome the hurdles thrown up by the nation’s Central Bank and law enforcement agencies. This comes almost a year after the ministry first tried to regulate the crypto mining sector, with industrial players pushing Moscow to “legalize” their operations. Energy players are also pushing for official approval on their projects, which would allow them to mine tokens using surplus energy and associated gas.

The finance ministry has expressed its intent to use the nation’s tax code regulations in order to bypass the impasse. It believes that it’s “fair to levy a tax on profits received from the mining of cryptoassets”, and that the existing code contains all the necessary provisions to allow them to include crypto miners in their taxation system. The precise form of taxation, however, is yet to be determined and will be contained within the framework of a draft law on crypto mining, which is currently being discussed.

Despite the ministry’s efforts, the Central Bank and law enforcement agencies are still hesitant to give the green light. The Central Bank is concerned that allowing miners to sell their coins on overseas exchanges will lead to money laundering and is thus pushing to prevent them from “entering” the Russian economy. Law enforcement officials are also concerned about the same issue.

At the moment, mining is neither legal nor illegal in Russia, and since it is not yet classified as an entrepreneurial activity, it cannot currently be taxed. Legislative changes to the tax code will require approval from the Central Bank and parliament, however, the finance ministry is determined to not let the stalemate drag on and is pushing for a resolution that will be beneficial for all parties.

Unlock Rewards In Calvaria: A Revolutionary Blockchain Gaming Platform

• Calvaria is a blockchain gaming platform that combines multiple Web3 concepts in a simple and engaging game.
• Players can create characters, represented by non-fungible tokens (NFTs), and use decks of trading cards to battle each other for rewards.
• The platform has raised over $2.83 million from its presale and only 8% of the tokens remain to be purchased.

Calvaria is a revolutionary blockchain gaming platform that seeks to combine multiple Web3 concepts into a simple and engaging game. Players are taken into an afterlife-themed metaverse, where they can create characters, represented by non-fungible tokens (NFTs). These characters can then use decks of trading cards to battle each other for rewards. Players can employ complex strategies and tactics to earn rewards and upgrades, with the winning player rewarded with eRIA, the platform’s in-app token.

The Calvaria team has put a lot of effort into making the game accessible on a variety of devices and platforms, making sure players can download the game on their device and begin playing without needing any special tools. Additionally, different battle settings and parameters are available, allowing players to choose from a wealth of content as they engage in battle.

The platform has seen great success in its presale, with over $2.83 million already raised and only 8% of the tokens left to be purchased. This is a great opportunity for interested investors to get in on the action before it ends.

Calvaria is an exciting new gaming platform that aims to create a unique and engaging experience for players. With its presale coming to an end soon, now is the time to get in on the action and start earning rewards.

A Comprehensive Guide to Trade Republic

Trade Republic is an online broker platform that is based within Berlin, Germany. It is a full-fledged trading and investment platform. Trade Republic is overseen through the German Financial Supervisory Authority (BaFin). It gives investors a cost-effective and easy way to get access to the market for stocks. Trade Republic has quickly become one of the most well-known brokers in Europe and is currently expanding to other countries.

What Is Trade Republic?

Trade Republic is a broker platform that lets users put money into ETFs, stocks and different financial instruments. It lets users connect to the market through the mobile application without the requirement of the opening of a bank account. It provides a variety of tools and features that aid investors in managing their investment portfolio. Users can pick from a variety of pre-made portfolios or build their own. Trade Republic also offers educational content that helps users understand how to invest.

The Benefits of Trade Republic

Trade Republic provides a variety of advantages to investors. The most well-known is the low-cost fees for trading. There is no charge for commissions on stocks or ETF trades. This makes it a great choice for those who want to cut costs on their investment. Other benefits include the vast selection of investments, the user-friendly interface, and the informative content.

How to Use Trade Republic

Utilizing Trade Republic is straightforward and easy to use. To start the users must download the mobile app and then create an account. Once the account is set up the users are able to transfer funds from their banking account into the Trade Republic wallet. Once they have that, they can begin investing. They can check out the markets as well as search for stocks and ETFs, and make orders.

Fees and Charges on Trade Republic

Trade Republic does not charge any commissions on stock or ETF trades. Instead they charge a fixed cost of EUR1.50 per transaction. This fee is applicable to any purchase made on its platform, no matter the the size. There is also a variety of additional fees and charges applicable to various types of investment. You can find them at Trade Republic’s website. Trade Republic website.

Investment and Trading Platforms on Trade Republic

Trade Republic offers a range of trading and investment platforms. They include mobile apps as well as the web-based platform and the desktop app. The mobile application is the most used platform, and it is compatible with users of both iOS as well as Android devices. The web-based platform is accessible, however it is restricted in terms of tools and features. Desktop applications are suitable for traders who are more experienced.

Security Measures on Trade Republic

Trade Republic takes security seriously and has implemented a number of security measures to ensure security of its customers their funds and personal information. All funds of users are stored in a separate account and are secured from the European Securities and Markets Authority (ESMA). Trade Republic also uses state-of-the-art encryption technology to safeguard your personal data.

Conclusion

Trade Republic is a low-cost and user-friendly brokering platform that allows users to access the market for stocks. It has a wide range of tools and features to aid investors with their portfolios, as well as educational material to help investors understand more about investing. The site also comes with a number of security measures to guard user funds as well as information. Trade Republic is an appealing choice for investors who are looking to invest into the stock market.

The Best Xiaomi Phones of 2021: An In-Depth Review

Xiaomi is among the top smartphone brands that is growing fast worldwide. This Chinese company has established an impact through the production of high-end phones that are affordable. Xiaomi offers a broad selection of handsets to choose from which include affordable, mid-range, and top-of-the-line models. With so many options to choose from, it can be difficult to choose what Xiaomi phone is right for you. We’ve compiled an in-depth look at the top Xiaomi phones for 2021.

Design

Xiaomi phones are known for their design excellence with a reasonable cost. The majority of their phones feature an appealing glass-and-metal design which gives them an elegant feeling. They also have modern trends including slim bezels, and a display with no notch. The latest Mi 11 Ultra is the ideal illustration of this. It features an aluminum frame and it has a 6.81-inch AMOLED display that has curving edges as well as a 50MP camera module at the back.

Display

Xiaomi phones have many display options. Their mid- and budget-friendly models usually come with LCD displays with HD and FHD resolution. On the other hand their top-of-the-line models have AMOLED displays which offer more vibrant colours and better contrast. They also have a better contrast and color. Mi 11 Ultra is their new flagship model, and it has an 6.81-inch QHD+ display with 60Hz of refresh.

Performance

In terms of speed, Xiaomi phones are no to be slouched. They have a majority of their phones equipped with Qualcomm Snapdragon processors. The budget and mid-range models usually have Snapdragon 600-series processors. However, their flagship devices feature the most recent Snapdragon 800 series processors. This model Mi 11 Ultra is powered by the Snapdragon 888 processor which is one of top-performing chipsets currently on the market.

Camera

Xiaomi phones feature outstanding camera systems. They typically have a triple camera setup comprising a primary macro, ultra-wide, and lens. Their flagship models come with more cameras. Mi 11 Ultra Mi 11 Ultra has a quad-camera set-up that comprises an 50MP primary lens as well as a 48MP ultra-wide and a telephoto lens with a 48MP resolution and the 12-megapixel portrait lens.

Battery Life

Xiaomi phones are equipped with a long battery longevity. They have a majority of their devices with a huge battery that will last all day long with moderate usage. Their flagship devices have more powerful batteries and rapid charging. Its Mi 11 Ultra has a capacity of 5,000 mAh and also has fast charging support of 67W.

Software

Xiaomi phones run a customized version of Android that’s called MIUI. It’s among the most advanced custom skins available on the market and has many useful features, including an all-day screen, dark-mode as well as gesture-based navigation.

Price

Xiaomi phones are renowned for being cost-effective. Even their flagship phones are priced less than rival phones that come from different brands. Its Mi 11 Ultra is currently priced at $849. This is $250 less than a similar model from Samsung.

Conclusion

Xiaomi offers a variety of phones available including budget-friendly to high-end models. The phones are incredibly stylish performance, display battery life, camera and even software. They’re also cost-effective, making them the ideal choice for anyone who is looking for an excellent phone that doesn’t break the budget. If you’re searching for the top Xiaomi phone for 2021 then the Mi 11 Ultra is definitely worth a look.

Bithumb Hit with Double Whammy from Tax and Legal Authorities

1. South Korean crypto exchange Bithumb has been hit with a double whammy from the South Korean tax and legal authorities.
2. The National Tax Service has launched a special tax investigation into Bithumb Korea and Bithumb Holdings.
3. Prosecutors have summoned its suspected largest shareholder for questioning.

The South Korean crypto exchange Bithumb has recently been the subject of a double investigation from both the South Korean tax and legal authorities. This investigation has come as a surprise to many in the crypto industry, as Bithumb is one of the largest exchanges in the country.

The National Tax Service (NTS) has launched a special tax investigation into Bithumb Korea and Bithumb Holdings, both of which operate the Bithumb trading platform. This investigation is being conducted by a branch of the Bureau of Investigation of the Seoul Regional Tax Service that focuses on special tax investigations. The NTS aims to examine the domestic and international transactions of both Bithumb Korea and Bithumb Holdings, as well as any of their affiliate companies.

Furthermore, prosecutors have summoned the suspected largest shareholder of Bithumb for questioning. The ownership of the exchange is thought to be highly complex, with many shareholders owning stakes. These include a number of publicly listed companies who have no other ties to the blockchain or crypto industries.

The investigation has caused some concern, especially as Bithumb was hit with a hefty tax bill, worth over $64 million, in a previous NTS investigation in 2018. This has led some to speculate that this current investigation could lead to a similarly hefty tax bill for the company.

The investigation has also been complicated by the fact that the Vice President of one of the publicly listed companies was found dead outside his home at the end of last year. Police are calling the death a “suspected suicide” and have been looking into the possible connections between the man’s death and the investigation into Bithumb.

The crypto industry is watching the investigation closely, as it could have a major impact on the future of the exchange. With both the NTS and prosecutors on the case, the outcome of this investigation could have major implications for Bithumb and the wider crypto industry.

Max Krupyshev Talks Crypto Payment Ecosystem, 2022 Lessons & 2023 Trends

• Max Krupyshev, CEO of CoinsPaid, gave an exclusive interview with cryptonews.com, talking about crypto payment ecosystems, 2022 year in review, and trends to expect in 2023.
• He discussed lessons learned from the failures of Terra, FTX, Celsius, BlockFi and also discussed which countries can become the leaders in terms of crypto adoption in 2023.
• He also discussed the acceptance of crypto payments in the luxury industry in 2023, as well as regulation and transparency in the crypto narrative of 2023.

Max Krupyshev, the CEO of CoinsPaid, the crypto payment ecosystem that is a market leader in terms of transaction volume, recently gave an exclusive interview with cryptonews.com. During the interview, Max shared his insights into the world of crypto payments and the trends that we can expect to see in 2023.

Max began the interview by reflecting on the lessons that we can learn from the failures of Terra, FTX, Celsius, BlockFi and other platforms in 2022. He highlighted the importance of building a strong foundation and having a focused strategy in order to succeed in the crypto world. He also touched on the need for companies to remain agile and able to pivot in order to keep up with the ever-changing landscape of the crypto world.

Moving on, Max discussed which countries can become the leaders in terms of crypto adoption in 2023. He highlighted the importance of countries having the necessary infrastructure and regulations in place in order to facilitate the adoption of cryptocurrencies. He noted that countries such as the United States, Japan, and South Korea have made significant progress in this area, and are likely to become the frontrunners in the crypto space in the near future.

The interview then shifted to the acceptance of crypto payments in the luxury industry in 2023. Max noted that there has been a significant increase in the number of luxury brands that are now accepting crypto as a payment method, and he believes that this trend will continue in 2023. He highlighted the potential for blockchain technology to revolutionize the luxury industry, and believes that this could lead to an increase in the number of luxury brands that accept crypto payments in the near future.

Finally, Max discussed the role of regulation and transparency in the crypto narrative of 2023. He believes that governments and regulators need to be more proactive in providing clear and concise regulations in order for the industry to move forward. He also believes that companies in the space must be more transparent and accountable in order to ensure the trust of the public.

In conclusion, Max Krupyshev’s exclusive interview with cryptonews.com provided valuable insights into the crypto payment ecosystem and the trends that we can expect to see in 2023. He highlighted the importance of building a strong foundation and having a focused strategy in order to succeed in the crypto world, as well as the need for countries to have the necessary infrastructure and regulations in place in order to facilitate the adoption of cryptocurrencies. He also discussed the potential for blockchain technology to revolutionize the luxury industry, and emphasized the importance of governments and regulators providing clear and concise regulations, as well as companies being more transparent and accountable in order to ensure the trust of the public.

SEC Objects to Binance.US’s Attempt to Buy Voyager Digital Assets

• The SEC has objected to Binance.US’s attempt to buy up assets from the bankrupt crypto lender Voyager Digital.
• The SEC requested more information about the deal and the nature of the planned business operations after Voyager assets have been taken over by Binance.US.
• The purchase price for Voyager is $20 million, in addition to repayments to Voyager’s customers.

The Securities and Exchange Commission (SEC) has voiced its opposition to the American franchise of Binance’s attempt to purchase distressed assets from the crypto lender Voyager Digital.

In a filing submitted to the court on Wednesday, the SEC stated that Binance.US had failed to provide enough detail in its disclosure statement concerning its capability to close the deal. The SEC is now seeking further information regarding the agreement and the planned business operations after the Voyager assets have been taken over by Binance.US.

In response to the SEC’s objection, a spokesperson from Binance.US commented that they would be willing to provide any information that the regulator requests. The spokesperson also expressed their eagerness to complete the transaction.

The transaction between Binance.US and Voyager Digital was announced in December of last year and is valued at roughly $1 billion. As part of the agreement, Binance.US will deposit $10 million and cover Voyager’s expenses up to $15 million. The total purchase price for Voyager is $20 million plus repayments to Voyager’s customers.

The news of Binance.US’s highest bid for Voyager was shared by Binance.US CEO Brian Shroder on Twitter. He mentioned that once the deal is completed, Voyager users will be able to access their digital assets on the Binance.US platform.

The SEC has now requested that Binance.US provide more information about the agreement, the planned business operations, and the ability to close the deal. Binance.US has stated that they are willing to comply with the SEC’s request and look forward to completing the transaction. It remains to be seen if the SEC will approve the takeover of Voyager Digital’s assets by Binance.US.

Russia Looks to Cryptocurrency Adoption Amid Sanctions

• An expert in Russia stated that international sanctions are driving the adoption of cryptocurrencies in the country.
• Russia is looking to legalize crypto mining and will require miners to pay taxes on their profits.
• Pro-industry forces in the government are opposed to the ban on cryptocurrencies proposed by the Central Bank.

Russia is one of the countries that is beginning to take steps towards the adoption of cryptocurrencies. Thanks in part to international sanctions, the country is starting to recognize the potential of digital assets and the financial benefits they can bring.

Yuri Myshinsky, Chairman of the Board of the Digital Transformation Association, recently commented on the relationship between Russia and cryptocurrencies, noting that it has been “contradictory” in the past. Nevertheless, the Russian government is now looking to legalize crypto mining and establish a regulatory framework for digital assets. This is an effort to bring in more revenue to the country, as well as provide miners with more rights and protection.

The Ministry of Finance is pushing for a draft law that would require miners to pay taxes on their profits. This could lead to a surge in crypto mining in Russia, as energy producers are already eager to set up data centers in order to mine digital assets.

However, the Central Bank is not in favor of this move. It has repeatedly called for a ban on cryptocurrencies, citing concerns that the tokens mined during these operations could enter the Russian economy and destabilize it. Despite this, the pro-industry forces in the government are still firmly against any ban on crypto, and efforts to create crypto sector-related legislation have so far been unsuccessful.

Overall, it appears that international sanctions are having a positive effect on cryptocurrency adoption in Russia. The country is now taking steps towards creating a legal and regulatory framework for digital assets, which could open the door to further growth in the sector.

China Launches State-Backed NFT Marketplace, Trades Fiat Yuan

• The Chinese government has announced plans to launch its own version of a state-backed non-fungible token (NFT) marketplace.
• The platform will go live on January 1 and become an official “secondary market for digital assets that comply with national regulations.”
• Unlike the rest of the world, NFTs in China will be minted on private blockchain networks and traded for fiat yuan instead of crypto assets.

The Chinese government has recently announced plans to launch a state-backed non-fungible token (NFT) marketplace, the China Digital Asset Trading Platform. This platform, which is set to go live on January 1, will become an official “secondary market for digital assets that comply with national regulations.”

The Hangzhou Internet Court previously ruled that virtual items such as NFTs can be legally recognized as property. This ruling, along with the Chinese government’s decision to launch its own version of an NFT marketplace, highlights the nation’s interest in cherry-picking technological advances associated with the crypto and blockchain space.

However, in contrast to the rest of the world, NFTs in China will be minted on private blockchain networks, while secondary market trading will have limitations in place in order to reduce speculation on NFT prices. As such, the NFTs in China will be labeled as “digital collectibles” rather than NFTs, and transactions will be recorded on centralized ledgers instead of on blockchain networks. Additionally, instead of being traded for crypto assets, the digital collectibles will be traded for fiat yuan.

The Chinese government’s move to launch its own NFT marketplace is part of its effort to sideline all crypto assets. Although it has effectively banned crypto trading, it wants to make use of certain technologies associated with the space in order to further its own agenda.

Overall, the launch of the China Digital Asset Trading Platform is an important step in the nation’s efforts to regulate the digital asset space and promote the adoption of blockchain technologies. It remains to be seen, however, how the market will develop in the future, and whether it will be successful in achieving its goals.

Crypto Whales Stockpiling Coins: Invest Now for Bull Run Profits!

• Crypto whales are stockpiling altcoins in preparation for the coming bull run.
• FightOut (FGHT), D2T, CCHG, RIA, and TARO are all coins that have strong fundamentals and have seen rapid investment in their presales.
• Move-to-Earn (M2E) app FightOut stands out among other M2E programs due to its innovative technology which rewards users for making positive lifestyle choices.

The crypto market has been relatively unperturbed recently, with bitcoin confined in a tight range of $16k to $18k. But even as the market continues this consolidation phase, whales are taking advantage of the low prices and stockpiling certain coins in preparation for the next bull run.

In order to maximize their profits, many whales are investing in promising projects at a discount before they hit the market. This strategy allows them to get ahead of the market and position themselves for strong returns when the prices start to rise. Among the coins that have seen rapid investment in their presales are FightOut (FGHT), D2T, CCHG, RIA, and TARO.

FightOut (FGHT) is an up-and-coming Move-to-Earn (M2E) app and gym chain that has gained a lot of attention in a short time. Unlike other M2E programs, FightOut rewards users for making positive lifestyle choices instead of aimless walking about. It also uses innovative technology to measure the entire fitness activity and not just steps taken. With all the features packed into this app, FightOut is set to be a favorite amongst health workers, giving it the potential to be the go-to M2E program in the future.

Another coin that has seen strong investment is D2T. This coin is the token of the decentralized travel booking platform, allowing users to book flights, hotels, and car rentals with cryptocurrency. The platform also allows users to earn rewards in D2T tokens for booking travel and engaging with the platform. This gives users an opportunity to reduce their travel costs and enjoy rewards for their loyalty.

CCHG is a blockchain-based platform that enables users to build and launch their own cryptocurrency. The platform allows users to quickly and easily create and launch their own coin, giving them the potential to make a profit from their investment. It also has some of the best security features available, making it a great choice for those looking to get involved in the crypto market.

RIA is a token of the RIAcrypto platform, which is a decentralized, secure, and privacy-focused financial services platform. The platform allows users to trade, lend, and borrow crypto assets in a secure and private environment. It also offers a range of services such as portfolio management, asset management, and more.

Finally, TARO is a blockchain-based platform that provides users with access to a range of digital assets. The platform allows users to trade, manage, and store digital assets in a secure and private environment. It also offers users access to a range of investment products, allowing them to diversify their portfolio and maximize their returns.

As the market continues to consolidate, it’s important for investors to be aware of the strong projects that are out there. By investing in these projects at a discount before they hit the market, investors can position themselves for strong returns when the prices start to rise. Crypto whales are already taking advantage of this strategy, so be sure to get ahead of the market and invest in these coins before they become too expensive.