Domestic firms are required to pay tax on paper gains from their cryptocurrency holdings but under proposed tax reforms, would only need to do so when they sell the asset.
SBI News
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Traditional financial firms are increasingly connecting services, portfolios and operations with digital assets.
3430They have signed a memorandum of understanding on digital asset investment and semiconductor production.
15934OQC is also launching what it calls “the world’s first enterprise ready quantum computing platform.”
8281The agreement was made in a memorandum of understanding, but SBI Holdings must first register as an electronic payment instruments service provider in the country.
3794SC Ventures will establish a “Digital Asset Joint Venture” investment company in partnership with a Japanese financial conglomerate, SBI Holdings.
2199SBI Holdings will work with UAE firm TradeFinex on a Japanese joint venture to boost the adoption of its enterprise blockchain platform on the XDC Network.
3529SBI Remit will use XRP as a bridge currency to enable faster and more cost-effective remittances to several Southeast Asian countries.
10775After a fruitful spring season, the XDC Network expands its presence in the Japanese market via SBI VC Trade.
11287Japanese banks such as Yamaguchi, Momiji and Kitakyushu now support the MoneyTap P2P remittance service based on RippleNet.
9142The firm planned to launch a digital asset securities platform in Singapore, as well as provide custody, capital markets products and corporate finance advisory services.
2426Here's where cryptocurrency firms have received the most regulatory approvals and licenses over the past few weeks.
1994After terminating mining operations in Russia's mining-rich region of Siberia in February, SBI still continues running some mining activity in the country.
5095Under the U.S. Commodity Exchange Act and CFTC regulations, derivatives exchanges must have approval to operate as a Designated Contract Market or a Swap Execution Facility.
2061The development marks the first time XRP digital currency will be used on a cross-border Japanese e-commerce site.
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