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.

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.

SOL Slumps Below $10 as FTX Saga Continues, Alameda Wallets Active Again

* SOL, the native token of the Solana blockchain, has slumped to under $10 for the first time in months.
* The slump in value comes amid a continued stream of negative stories surrounding the Solana crypto ecosystem, as well as the ongoing FTX saga.
* Blockchain watchers have pointed out that Alameda wallets have become active once again, and funds are being moved into blue chip cryptocurrencies like ETH, BTC and USDT.

The value of Solana (SOL), the native token of the Solana blockchain, has taken a sharp dip, falling to under $10 for the first time since February 2021 on Wednesday. The sudden collapse of Sam Bankman Fried’s FTX/Alameda crypto empire in early November has contributed to the token’s losses, which now stand at roughly 70%.

The current slump in value comes amid a continued stream of negative stories surrounding the Solana crypto ecosystem. Two of Solana’s top non-fungible token (NFT) projects, DeGods and y00ts, recently announced that they are leaving the platform to build on the Ethereum and Polygon blockchains.

The situation has been further complicated by recent activities on Alameda wallets. Blockchain watchers noticed on Wednesday that Alameda wallets have become active once again, with funds being moved into blue chip cryptocurrencies like ETH, BTC and USDT. In some cases, the funds are being moved via transaction destination obscuring instant exchangers. There is speculation that Sam Bankman-Fried is behind the dumping of tokens, and traders are speculating that SOL tokens might also be getting dumped.

Sam Bankman-Fried was a strong supporter of the Solana blockchain and is thought by some to have artificially boosted its value. It is unclear whether his involvement in the recent dumping of tokens is an attempt to manipulate the market, or simply a sign of his cutting ties with the platform. Regardless of the reason, it appears that SOL’s woes could worsen in the near future, with traders predicting that the token could fall to as low as $3.

Explore a Virtual World and Create a $5 Trillion Economy with RobotEra!

• RobotEra is a virtual sandbox world where users can rebuild a planet and create robot companions.
• It provides a shared multiverse for users to connect, create, collaborate, and monetize.
• Launched in November 2022, the project has the potential to become a $5 trillion industry in 2030.

RobotEra is a groundbreaking metaverse project that has the potential to revolutionize the creator economy. Launched in November 2022, the project presents a unique opportunity for users to rebuild a desolate virtual landscape, create robot companions, and take part in quests. It encourages users to acquire resources and use their creativity to bring the planet back to life.

RobotEra also provides a shared multiverse where users can connect with other worlds to create and collaborate. This opens up possibilities for users to monetize their virtual theme parks and organize summer camps. Additionally, they can use non-fungible tokens (NFTs) to make their robots unique and different from one another. Given the current growth of the metaverse industry, RobotEra has the potential to become a $5 trillion industry in 2030 – less than eight years from now.

RobotEra offers an exciting opportunity for users to explore and expand their own virtual worlds. With the ability to create, collaborate, and monetize, the project provides a platform for users to express their creativity and explore the possibilities of a new creator economy. In addition, the project is also allowing early access to presales in 2022, giving investors the chance to get in on the ground floor of this potentially lucrative venture.