News
A US judge tossed the SEC’s case against Hex founder Richard Heart, stating it couldn’t decide whether he defrauded investors of $12.1 million because the US lacked jurisdiction.
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Finland News
Finland is a republic located in northern Europe with a population of around five million people. Finland is highly ranked in various human development indexes, economic freedom ratings and has one of the highest gross domestic product per capita in the world. Finland’s economy is built upon the service sector, manufacturing and refining, with largest industries being electronics, machinery and chemical. Finland is also highly developed in information technology and communications. Blockchain is pretty popular in Finland, that’s why the Finnish Tax Authority issued a pack of instructions for virtual currencies’ taxation. The Finland Bitcoin taxation is complex. Bitcoin is treated as a capital gain when transferred to another currency and as a trade when it is used as a payment for goods and services. Bitcoin that has an increased value after it is obtained is also taxable.
- News
Swedish crypto asset manager Virtune is now giving investors in Finland exposure to Avalanche and Cardano via its newly launched crypto ETP products.
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Finnish police have seized more than $2.6 million worth of luxury watches from Hex founder Richard Heart, who is wanted on tax fraud and assault charges in the country.
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Interpol has issued a "Red Notice" for Hex founder Richard Schueler, also known as Richard Heart, for allegedly committing tax fraud and assault.
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Richard Schueler, aka Richard Heart, is already at the center of an SEC suit. Now, he has issues in Finland, his chosen country of residence.
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Selling excess heat from Bitcoin mining could be another financial lifeline for miners after the 2024 Bitcoin halving.
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Bitcoin enthusiasts in Finland have integrated two Bitcoin mines with district heating facilities enabling heating homes while mining BTC.
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Finland’s National Bureau of Investigation reportedly traced Monero transactions in connection with the criminal trial of Julius Aleksanteri Kivimäki and the Vastaamo hack.
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The suit was served via an alternate method, as process servers were unsuccessful in contacting Richard Heart in person for months.
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The Bank of Finland actively promotes the development of new forms of payment.
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Finland and Australia had the highest proportion of tax-paying crypto investors, while the United States ranked 10th on the list, according to the study.
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LocalBitcoins’ customers have 12 months to withdraw their cryptocurrencies from the LocalBitcoins wallet but are advised to do so immediately.
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The Nordics remain a cold place for crypto, but Estonia still leads as the public blockchain adopter.
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The Finnish Financial Supervisory Authority published stricter rulings regarding crypto marketing.
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Indonesia saw a massive 1,772% increase in the number of people engaging with articles about crypto, a new survey claims.
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